[Copper Prices Closed Higher Amid Overnight Volatility, but Rising Inventories Capped Upside Potential]: On the macro front, US data released on Tuesday showed an increase in job openings in April, but a rise in layoffs, indicating a cooling labour market amid escalating tariff concerns. Starting from Wednesday, the US will double tariffs on imported steel and aluminium to 50%, with Trump hoping that countries will submit their best offers in trade negotiations. Overall, the US dollar remains under pressure, which is bullish for copper prices. On the fundamental front, supply side, although the supply in the Shanghai region decreased slightly today, there are still inbound shipments to follow, and imported goods are expected to arrive tomorrow. There were significant differences in copper cathode brands throughout the day, with large fluctuations in premiums for different brands. Demand side, downstream consumption was sluggish on the first day after the holiday, with a decline in purchasing sentiment. As prices fell, downstream buyers became more cautious. As of Monday, June 3, SMM's copper inventories in major regions across China increased by 14,300 mt MoM from before the holiday to 153,000 mt, up 32,900 mt from the previous low. Compared to the inventory changes last Thursday, inventories in most regions across the country increased, with only a slight decline in the Shanghai region. On the price front, it is expected that the upside potential for copper prices will be li