Chile's Copper Ore Production Remains Sluggish, LME Copper Rebounds Sharply Overnight While SHFE Copper Edges Up [SMM Copper Morning Meeting Minutes]

Silver Prices Continue to Hold Up Well, Market Trading Slightly Quieter [SMM Daily Review]

Downstream production resumptions increase demand slightly, overall trading improved slightly compared to yesterday [SMM South China Spot Copper]

[SMM Nickel Midday Review] Nickel prices surged significantly again on February 25, breaking through 140,000 yuan/mt, and are expected to hold up well in the short term.

With copper inventory increasing beyond expectations, how has the fundamental trading logic shifted?