U.S. Non-Farm Payrolls Data Beat Expectations, Interest Rate Cut Expectations Pull Back, Copper Prices Under Pressure and Retreat [SMM Macro Weekly Review]

With the Chinese New Year approaching, the market is entering the holiday period [SMM North China Spot Copper].

Lead-Acid Battery Enterprises Concentrated Holidays, Weekly Operating Rate Drops Over 18% [SMM Lead-Acid Battery Weekly Operating Comment]

SMM Weekly Operating Rate of Primary Lead Smelters (February 6, 2026–February 12, 2026) [SMM Weekly Review of Primary Lead Operating Rates]

Copper prices fell sharply, with some downstream buyers making small restocking purchases, but overall trading remained sluggish [SMM South China Spot Copper]