Downstream demand remained weak at the beginning of the month, and suppliers had to continuously cut prices to sell [SMM South China Spot Copper].

[Aug 1 Shagang Industrial Wire Rod Price Adjustment]

US Moves to Restrict Critical-Mineral Scrap Exports, but Copper Scrap Is Excluded

Downstream purchase willingness remains weak, copper prices face strong upward pressure [SMM Copper Morning Meeting Summary]

[SMM Rare Earth Morning Briefing] Oxide Recovery Drives Up Metal Prices, High-Temperature Maintenance of Magnetic Materials Puts Demand Under Pressure, and Scrap Wait-and-See Sentiment Is Strong