Exports grow Shanghai-bonded copper stocks

SMM Morning Summary: Overnight, LME copper opened at $14,643/mt, with its center initially dipping to $14,624/mt before drifting higher. Near the end of the session, it touched a high of $14,858.5/mt and ultimately settled at $14,812/mt, up 0.57%. Trading volume reached 20,000 lots, and open interest stood at 271,000 lots, an increase of 4,639 lots from the previous trading day, driven by bullish positioning. Overnight, the most-traded SHFE copper 2610 contract opened at 111,150 yuan/mt, hitting a session low of 111,100 yuan/mt right at the open. Copper prices then moved higher, touching a high of 111,950 yuan/mt near the close, before consolidating in a narrow range at elevated levels to settle at 111,910 yuan/mt, up 0.71%. Trading volume reached 45,500 lots, and open interest stood at 232,000 lots, an increase of 3,238 lots from the previous trading day, driven by bullish positioning.

New Delhi, Moscow seek to expand cooperation from mineral exploration to advanced materials.