Prospect Resources' Zambia Copper-Gold Mine Resource Grows, LME Copper Closed Lower Overnight While SHFE Copper Edged Up [SMM Copper Morning Meeting Summary]
SMM Morning Meeting Summary: Overnight, LME copper opened at $13,508/mt, dipped to $13,454.5/mt early in the session, then the price center gradually shifted upward, reaching $13,620/mt near the end of the session, and finally closed at $13,610/mt, down 0.33%, with trading volume at 17,000 lots and open interest at 273,000 lots, an increase of 143 lots from the previous trading day, indicating bears adding positions. Overnight, the most-traded SHFE copper 2607 contract opened at 104,000 yuan/mt, touched a low of 103,620 yuan/mt right after the opening, then the price center edged up with small fluctuations and reached a high of 104,250 yuan/mt, finally moving sideways to close at 104,100 yuan/mt, up 0.06%, with trading volume at 34,000 lots and open interest at 162,000 lots, an increase of 1,224 lots from the previous trading day, indicating bulls adding positions.