Market Digest
June 9, 2026
Last updated: 2026-06-09 18:13:04 UTC
About This Hub
TSM Hub™ is an open, primary-sourced reference for the global metals market.
Prices Prices on this site come from three primary venues: LBMA daily fix for precious metals (gold, silver, platinum, palladium), SHFE daily settlement for Chinese base metals, and LME 3-month forward (LME 3M) for international base metals, updated intraday during exchange hours. The LME Official Cash Settlement is published daily at lme.com directly. For minor metals, rare earths and battery materials priced by benchmark assessment rather than exchange settlement, we link out to the regulated benchmark administrators — Fastmarkets, Argus, S&P Global Platts — rather than republishing their assessments. Our exchange registry documents 23 regulated venues we track — MCX (India), DGCX (Dubai), SGE / INE / GFEX / DCE (China), OSE-TOCOM (Japan), MOEX, B3, JSE, BIST, IME and others — live price feeds for those are roadmap, not yet integrated. We will say so until they are.
Producers Producers — 780 entities in total — span five ownership categories, reflecting how the metal is actually produced today:
- Publicly listed companies (73.2% · 571) across major stock exchanges worldwide — HKEX, NYSE, NASDAQ, ASX, TSX, LSE, TSE / JPX, KRX, SSE, SZSE, B3, MOEX, JSE, BSE / NSE (India), BMV (Mexico), WSE (Poland), Nasdaq Nordic, Euronext, XETRA, FWB and others.
- Subsidiaries of listed parents (8.5% · 66), disclosed through the parent's filings.
- Private companies (11.5% · 90) — disclosing tonnage through annual reports, regulators, or industry filings.
- Major state-owned producers (4.6% · 36) where the listing concept does not apply.
- Delisted entities (0.4% · 3) still publishing operational data.
A further 11 (1.4%) remain under verification — visible on the site but flagged as pending until a primary source confirms ownership status. Each entry shows its ticker when one exists, the fiscal year, and a direct link to the filing or operational disclosure that confirms the tonnage. Every ownership count above is derived from the same publicly verifiable sources we link from each producer entry — TrueSource for the Hub itself.
Reserves Reserves and country production trace to USGS Mineral Commodity Summaries 2026, national geological surveys, and company filings.
Calculators Four calculators — unit price, purity, freight, and total cost of ownership (TCO) — convert between the units actually used in metals trade (troy ounce, metric ton, MTU, percent, ppm, karat) across all metals on the Hub.
What's Inside
- 59 metals
- 72 prices
- 780 producers
- Country reserves
- 351 glossary terms
- News feed
- Calculators (unit price, purity, freight, TCO)
PRIMARY SOURCES ONLY. No generated encyclopedias. No AI summaries. No secondary aggregators. No user-edited sources. No estimates. TrueSource Metals™ uses primary channels and direct documents from original issuers, regulators, and official exchanges.
Free. No subscription. No signup. No ads. No paywalls. Every price, every producer, every reserve, every calculator.
Prices
Price sources. LBMA Fix (precious metals) and SHFE Settlement (Chinese base metals) are official daily benchmark values. LME prices shown are 3-month rolling forward (LME 3M) updated intraday during exchange hours — for the LME Official Cash Settlement, see lme.com directly. OTC and benchmark series may use different units. Last update: 2026-06-09 18:13:04 UTC. Full data sources →
SHFE Nickel Futures
All SHFE Nickel contracts — settlement prices
| Contract | Settlement (RMB/t) |
|---|---|
| See SHFE settlement prices above | |
SHFE Daily Data (public release, end-of-day, not real-time). Source: Shanghai Futures Exchange · June 9, 2026
LME Warehouse Stocks
Official LME daily on-warrant stock totals across all six base metals. Report date: 2026-06-08. End-of-day, not real-time.
| Metal | LME Stocks | Daily Change |
|---|---|---|
| Copper | 376,775 t | -2,450 t |
| Aluminium | 330,950 t | -2,250 t |
| Zinc | 110,650 t | -300 t |
| Lead | 309,250 t | -1,100 t |
| Nickel | 274,218 t | -18 t |
| Tin | 9,020 t | 0 t |
| Combined (6 base metals) | 1,410,863 t | -6,118 t |
Why warehouse stocks matter
LME on-warrant stocks measure the physical metal stored in LME-approved warehouses worldwide (Rotterdam, Singapore, Busan, Port Klang, Antwerp, New Orleans and others) that is available for delivery against LME futures contracts.
Rising stocks typically signal market surplus or weakening demand. Falling stocks typically signal tightening physical supply or strong end-use demand. Cancelled warrants (metal earmarked for withdrawal) are a leading indicator of future stock draws.
For deeper analysis: location breakdown, cancelled warrants, and historical series are published daily by the LME Stock Reports page.
Other exchanges (SHFE, COMEX) — official sources
- Shanghai Futures Exchange (SHFE) publishes weekly on-warrant stocks for copper, aluminium, zinc, lead, nickel, tin and steel each Friday in Chinese local time. Official page: SHFE Weekly Stock Report.
- CME Group (COMEX & NYMEX) publishes daily warehouse stocks for gold, silver and copper. Official page: CME Gold Stocks, Silver Stocks, Copper Stocks.
- Shanghai Bonded Warehouse copper stocks (separate series, not part of SHFE on-warrant) are published weekly by Chinese physical-market PRAs.
TSM Hub does not auto-fetch SHFE or COMEX stocks (SHFE web pages use anti-bot challenges; CME Group Terms of Use explicitly prohibit automated access). The links above point to the originating exchanges where you can consult their official daily/weekly reports directly.
Sources: London Metal Exchange (originating) via Westmetall (public LME mirror) · Last updated: 2026-06-09 18:13:45 UTC · Full warehouses page & history →
Latest Market News
Filter by metal or topic. Updated with each Hub refresh.
Last refreshed: 2026-06-09 18:13:55 UTC
Reserves & Production by Country
Global reserves and mine production by country — primary data from USGS Mineral Commodity Summaries 2026. 25 metals, 574 country entries. All figures reported as published by original source — TrueSource does not modify, estimate, or interpret primary data. e = Estimated. W = Withheld. NA = Not available. — = Zero.
Data: U.S. Geological Survey, 2026, Mineral commodity summaries 2026. https://doi.org/10.5066/P1WKQ63T. Uranium data from World Nuclear Association. Production years 2024 (actual/estimated) and 2025e (estimated). Reserves as of publication date.
Glossary
Backed by official documentation: ICC, LME, LBMA, USGS, ISO, IFRS, BIPM, EU TAXUD, US CBP, OECD, IMO, IGF, Fastmarkets, CFA Institute. One True Source for All — every definition links to its authoritative reference where available.
Open GlossaryProducers Directory
Global metals producers — verified data from official sources. 780 entries across 41 metals. Company websites link to official domains only. Production figures are published as reported by original sources (company annual reports, regulatory filings, industry publications) — formats vary by source. TrueSource does not modify, estimate, or interpret primary data.
Producer data compiled from public sources including USGS Mineral Commodity Summaries, World Steel Association, and company annual reports. Links verified as of April 2026. Some regional websites may have restricted access depending on your location. For corrections or updates, contact info@truesourcemetals.com
Our Data Sources
Our Sourcing Rule
Every figure on TSM Hub links to its primary document.
- One source per figure. Each production, reserve, recycling, or price figure links directly to its primary document — an exchange or benchmark publisher (LME, LBMA, SHFE), a government statistical agency (USGS, IEA), an industry factbook (ICSG, WGC, IAI), or a company's annual report.
- No modification. We report figures exactly as published by the original source. We do not adjust, estimate, or interpret.
- No source, no figure. If a figure cannot be linked to a primary document, it does not appear on TSM Hub.
Production & Reserves
USGS Mineral Commodity Summaries 2026
U.S. Geological Survey — the global standard for mineral production and reserves data. Covers 25 metals with country-level detail. Published annually.
World Nuclear Association
Uranium production and reserves data (OECD NEA/IAEA source). Complementary to USGS, which does not cover uranium.
US DOI Critical Minerals List 2025
Official US Department of the Interior list of 50 critical minerals. Source of the ★ critical-mineral badges on metal pages.
Exchange & Benchmark Prices
London Metal Exchange (LME)
3-month rolling forward prices (LME 3M) for base metals (copper, aluminium, zinc, nickel, tin, lead), updated intraday during exchange hours. The daily LME Official Cash Settlement is published at lme.com. Reported in USD/t.
London Bullion Market Association (LBMA)
Official fix prices for precious metals (gold, silver, platinum, palladium). Reported in USD/oz.
Shanghai Futures Exchange (SHFE)
Official settlement prices for Chinese futures contracts. Reported in RMB/t.
HKEX (Hong Kong Exchanges and Clearing)
Parent company of LME since 2012. Regulatory context for Hong Kong metal trading.
Market News
Curated headlines from leading metals and commodities publications. Every article links directly to its original publisher — Reuters, Bloomberg, Mining.com, S&P Global, Fastmarkets and others. No summaries, no rewrites, no editorial commentary.
HK & Asia Regulators
HKMA — Hong Kong Monetary Authority
Stablecoins Ordinance (Cap. 656, in force 1 Aug 2025). Project Ensemble (wholesale CBDC). Regulatory framework for tokenized assets in HK.
SFC — Securities and Futures Commission HK
Virtual Asset Service Provider (VASP) regime. Tokenized securities framework. Primary HK regulator for digital assets.
MAS — Monetary Authority of Singapore
Payment Services Act 2019. Project Guardian (tokenization pilots). Complementary APAC regulatory framework.
Global Regulators & Standards
EUR-Lex — MiCA Regulation (EU 2023/1114)
EU Markets in Crypto-Assets Regulation. Global benchmark for crypto-asset rules. In force since 30 Dec 2024 (ART/EMT) and 30 Jun 2024 (CASPs).
SEC — U.S. Securities and Exchange Commission
Howey test framework. Key enforcement decisions defining token classification. Primary US regulator for securities tokenization.
FATF — Financial Action Task Force
Recommendation 15 (VASPs) and Travel Rule. Global AML/CFT standards adopted by 200+ jurisdictions.
FSB — Financial Stability Board
Global Regulatory Framework for Crypto-Asset Activities (July 2023). G20-endorsed high-level recommendations.
BIS / BCBS — Bank for International Settlements
Basel Committee SCO60 standard on cryptoasset exposures. Working papers on tokenization (WP 1066). Central-bank standards body.
IOSCO — International Organization of Securities Commissions
Policy Recommendations for Crypto and Digital Asset Markets (PD734, Nov 2023). Global coordinator for securities regulators.
Technical Standards
Ethereum Improvement Proposals (EIPs)
Official repository for Ethereum token standards: ERC-20, ERC-721, ERC-1155, ERC-3643 (permissioned), ERC-4626 (tokenized vaults).
NIST — National Institute of Standards and Technology
FIPS 180-4 (SHA-256) and NIST IR 8202 (Blockchain Technology Overview). Foundational cryptographic standards.
LBMA Fix (precious metals) and SHFE Settlement (Chinese base metals) are official daily benchmark values. LME prices shown on this site are 3-month rolling forward (LME 3M) updated intraday during exchange hours — for the LME Official Cash Settlement, see lme.com directly. News articles are sourced from public feeds with full attribution to original publishers. For questions about our data methodology, contact info@truesourcemetals.com