Today, spot #1 copper cathode in North China was trading at a discount of 200 yuan/mt to 100 yuan/mt against the front-month contract, with an average discount of 150 yuan/mt, a decrease of 40 yuan/mt compared to the previous trading day. The transaction prices ranged from 78,000 yuan/mt to 78,170 yuan/mt, with an average price of 78,085 yuan/mt, a decrease of 85 yuan/mt compared to the previous trading day.

On Friday evening, LME copper opened at $9,628.5/mt, surging to a high of $9,700/mt in the early session, then fluctuating downward, hitting a low of $9,621.5/mt during the session, and experiencing a slight correction towards the end, ultimately closing at $9,660.5/mt, up 0.43%.

[SMM Morning Meeting Summary: Copper Prices Remain Supported at the Bottom Amid Uncertainties in Global Economic Outlook] On June 20, spot premiums for SMM #1 copper cathode against the 2507 contract for the current month were reported at a range of 80 to 160 yuan/mt, with an average premium of 120 yuan/mt, a decrease of 25 yuan/mt from the previous trading day. Looking ahead to this week, it is understood that as the semi-annual settlement approaches, most enterprises have a need for cash inflows. It is expected that the demand for enterprises to sell goods for cash will increase this week, and spot premiums will fall further...

On June 19, 2025, Jinchuan Group Tonggui Co., Ltd. (hereinafter referred to as "Jinchuan Tonggui") was officially inaugurated. This leading enterprise, which has been deeply rooted in the non-ferrous metals industry for decades, successfully entered a new era of joint-stock development, embarking on a high-quality development journey oriented towards marketization, specialization, and internationalization.