SMM Morning Meeting Minutes: LME copper opened at $10,262.5/mt overnight, initially dipped to $10,256/mt, then copper prices gradually rose to a high of $10,450/mt, fluctuated considerably, and finally closed at $10,428.5/mt, up 2.19%, with trading volume reaching 25,000 lots and open interest at 300,000 lots. The most-traded SHFE copper contract 2511 opened and touched a low of 82,400 yuan/mt overnight, fluctuated upward to a high of 83,820 yuan/mt, then fluctuated considerably and finally closed at 83,680 yuan/mt, up 1.96%, with trading volume reaching 82,000 lots and open interest at 216,000 lots.