Jain Resource Receives Approval to Restart Most Unit II Operations

The US has authorised potential export restrictions on waste streams containing recoverable critical minerals, including black mass, end-of-life magnets and certain electronic waste. Copper scrap is explicitly excluded because it is already covered by a separate copper policy framework introduced in July 2025. The move nevertheless reinforces the broader trend toward domestic retention of secondary raw materials.

SMM Morning Meeting Summary: Last Friday night, LME copper opened at $13,819.5/mt, touched a session high of $13,883/mt, then pulled back under pressure and dipped to $13,729.5/mt. It recouped some losses near the close and finally settled at $13,803/mt, up 0.03%. Trading volume was 16,800 lots, and open interest increased to 250,200 lots, up 3,988 lots from the previous trading day, indicating bullish additions. Last Friday night, the most-traded SHFE copper 2609 contract opened at 105,460 yuan/mt, rose to a session high of 105,780 yuan/mt, then drifted lower and dipped to 105,140 yuan/mt, and finally settled at 105,360 yuan/mt, down 0.09%.