The Cascabel Copper-Gold Mine Is Expected to Commence Production in 2028, LME Copper Fluctuated and Closed Lower Overnight [SMM Copper Morning Meeting Minutes]
SMM Morning Meeting Minutes: LME copper opened at $10,910/mt overnight, initially maintaining a "W" pattern and touching a low of $10,892.5/mt, then copper prices rose steadily to a high of $10,956/mt before finally closing at $10,930/mt, down 0.21%, with trading volume at 11,000 lots and open interest at 330,000 lots. The most-traded SHFE copper contract 2601 opened at 86,800 yuan/mt overnight, hitting a low of 86,600 yuan/mt at the opening, then fluctuated upward to a high of 87,100 yuan/mt, and finally consolidated to close at 87,050 yuan/mt, down 0.02%, with trading volume at 29,000 lots and open interest at 209,000 lots.
