According to SMM, on the macro front, Chinese and US trade officials continued their second day of consultations in London, UK, on the 10th. US Commerce Secretary Lutnick reportedly stated on the 10th that the negotiations were "progressing smoothly." According to informed sources, during this round of consultations, the US side was considering canceling a series of recently imposed restrictive measures in areas such as chip design software, jet engine parts, ethane, and nuclear materials. Most of these measures were introduced in the past few weeks amid renewed tensions and escalations in Sino-US relations, with the condition that China would ease restrictions on rare earth exports. Additionally, it is understood that India and the US are expected to reach an interim trade agreement before month-end, and the US and Mexico are close to reaching an agreement on steel import tariffs. Amidst the uncertainty of trade prospects, market sentiment remained cautious, and copper prices closed slightly lower.