Hot News

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  Ukrainian Parliament Approves U.S.-Ukraine Mineral Agreement, Trump Announces Plans to Hold Talks with Zelenskyy

• Boosted by the US-UK trade agreement, copper prices fluctuate upwards but with limited upside potential [[SMM Morning Comment on Copper]]

• UK and US Reach Trade Deal: Retain 10% Benchmark Tariffs on UK; SHFE Tin Prices Fluctuate Rangebound [SMM Tin Morning News]

  UK and US Reach Trade Agreement: Retain 10% Base Tariff on UK Imports; SHFE Tin Prices Fluctuate Rangebound [SMM Tin Morning News] (1) NDRC: Currently Improving Long-Term Mechanism for Private Enterprises to Participate in National Major Projects; Will Launch High-Quality Projects with a Total Investment of Approximately RMB 3 Trillion This Year. (Bullish ★) (2) Huawei's HarmonyOS PC Makes Its Debut, Breaking Through in Domestic PC Operating Systems. (Bullish ★) (3) Tariffs - ① UK and US Reach Trade Agreement: Retain 10% Base Tariff on UK Imports, Expand Market Access for Both Sides, Eliminate Tariffs on UK Steel and Aluminum, Implement Zero Tariffs on US Agricultural Products, and Apply Tiered Tariffs on UK Automobile Imports; ② US Trade Representative: May Need to Take Enforcement Actions Against Imported Services; ③ Trump: UK Agrees to Purchase Agreement for Boeing Aircraft Worth $10 Billion; ④ US Commerce Secretary: Focusing on the Next Major Power, Hopes to Reach a Trade Agreement with a Major Asian Country; ⑤ If Negotiations Fail, EU Plans to Impose Additional Tariffs on US Products Worth €95 Billion; ⑥ Indian Official: Free Trade Agreement with the UK to Be Signed in Three Months.

• US May Lower Tariffs on China, LME Zinc Rebounds from Low Levels [[SMM Zinc Morning Meeting Summary]]

  【SMM Zinc Morning Meeting Summary: US May Lower Tariffs on China, LME Zinc Rebounds from Low Levels】: Overnight, LME zinc opened at $2,618/mt. After opening, LME zinc fluctuated considerably around the daily average line, reaching a low of $2,590/mt during the mid-session. During the night session, LME zinc rebounded from its low levels, hitting a high of $2,640.5/mt at the end of the session. It eventually closed up at $2,636/mt, gaining $23/mt, or 0.88%. Trading volume increased to 11,613 lots, while open interest rose by 2,040 lots to 213,000 lots···

• Macro Sentiment Improves, SHFE Zinc Price Center Moves Higher [[SMM Zinc Morning Comment]]

  [SMM Morning Comment on Zinc: Improved Macro Sentiment Drives SHFE Zinc Price Center Higher] Overnight, LME zinc opened at $2,618/mt. After opening, LME zinc fluctuated considerably around the daily average line, reaching a low of $2,590/mt during the mid-session. During the night session, LME zinc rebounded from its lows, hitting a high of $2,640.5/mt at the end of the session. It ultimately closed up at $2,636/mt, gaining $23/mt, or 0.88%. Trading volume increased to 11,613 lots, while open interest rose by 2,040 lots to 213,000 lots...