Data released by Chilean Customs showed that Chile's copper exports totaled 176,430 mt in August, with 44,803 mt shipped to China during the same month.  

On August 26, Zijin Mining Group Co., Ltd. (hereinafter referred to as "Zijin Mining") released its 2025 semi-annual report.

In North China today, spot prices of #1 copper cathode against the front-month contract were at a discount of 90-50 yuan/mt, averaging a 70 yuan/mt discount, down 20 yuan/mt from the previous trading day. Transaction prices ranged from 80,150 to 80,370 yuan/mt, with the average at 80,260 yuan/mt, up 370 yuan/mt from the previous trading day.

Futures: LME copper opened at $9,873.5/mt overnight, initially touched a low of $9,851/mt at the beginning of the session, then rose all the way and touched a high of $10,015/mt near the end of the session, finally closed at $10,013.5/mt, up 1.4%, with trading volume reaching 26,000 lots and open interest reaching 277,000 lots.

SMM Morning Meeting Summary: LME copper opened at $9,873.5/mt overnight, initially dipped to $9,851/mt at the start of the session, then rose continuously to touch a high of $10,015/mt near the close, finally settling at $10,013.5/mt with a 1.4% gain. Trading volume reached 26,000 lots, and open interest stood at 277,000 lots. The most-traded SHFE copper 2510 contract opened at 79,500 yuan/mt overnight, initially dropped to 79,470 yuan/mt at the start of the session, then saw its price center gradually move upward to touch a high of 80,440 yuan/mt near the close, finally settling at 80,410 yuan/mt with a 0.79% gain. Trading volume reached 38,000 lots, and open interest stood at 186,000 lots.