According to SMM, on the macro front, the US May CPI figures fell short of expectations across the board. The year-on-year rate of the US May unadjusted CPI was recorded at 2.4%, against market expectations of 2.5%. The month-on-month rate of the US May unadjusted CPI was recorded at 0.1%, against market expectations of 0.2%. The year-on-year rate of the US May unadjusted core CPI was recorded at 2.8%, against market expectations of 2.9%. The month-on-month rate of the US May seasonally adjusted core CPI was recorded at 0.1%, against market expectations of 0.3%. Expectations for US Fed interest rate cuts increased, and the US dollar index declined. However, market concerns about the future economic outlook intensified, along with worries about potential US tariffs on copper, causing copper prices to come under pressure.