Data: SHFE, DCE market movement (Nov 11)

According to the draft, the US will commit in the first phase to a comprehensive 60-day ceasefire on all fronts, particularly within Lebanon. The release of a substantial portion of Iran's frozen assets and the ending of the maritime blockade are also included in the agreement. The Iranian side stated that the likelihood of a renewed war with the US is "low," but Iran's armed forces have "loaded their magazines" and remain in a state of combat readiness at all times.

Jinchengxin (603979) announced on May 27 that the company recently secured the 2026 annual contract for underground 8000t project mining and excavation operations from Jiangxi Copper Corporation Yinshan Mining Co., Ltd. The contract is a unit price contract, with an estimated contract value of approximately 111 million yuan based on projected workload. The final amount shall be subject to the actual verified completed workload and settlement payment.

Markham Olivia, a portfolio manager at BlackRock, said on Wednesday that the firm would support consolidation among major miners, as this would open the industry to retail investors on a larger scale, making it easier to advance the large, complex projects needed for new supply.Markham said at the Australian Financial Review (AFR) conference in Perth that mining faced a scale problem, particularly compared with other sectors such as technology.