[SMM price] SMM Jintian copper pole quotation on September 1st

[SMM Flash] Kuwait Petroleum Corporation (KPC) set the June Kuwait Sulfur Price (KSP) at FOB $805/mt, up $40/mt from $765/mt in May.

Ivanhoe Mines announced that the first shipment of 99.7%-pure copper anodes produced at the Kamoa-Kakula smelter was transported via the Lobito Railway Corridor to the Port of Lobito in Angola during the first quarter and subsequently shipped to Europe for refining. According to the company, the cargo arrived at the Atlantic port of Lobito before quarter-end and was loaded for export shortly thereafter. The gradual development of the Lobito Corridor will diversify export routes for copper products from the Democratic Republic of Congo, reduce reliance on traditional southern logistics corridors, and improve regional supply chain efficiency.

Copper prices eased slightly on June 5 after recently reaching record highs, with COMEX copper trading around $6.46 per pound. Despite the pullback, prices remain more than 30% above year-ago levels. Investors are closely monitoring the U.S. copper tariff investigation and the pace of mine supply recovery. Industry expect elevated volatility to continue while supply risks remain unresolved.