SMM Morning Meeting Summary: Overnight, LME copper opened at $12,402.6/mt. In early trading, it fluctuated downward to a low of $12,334.5/mt. Subsequently, the center of copper prices gradually moved higher, rising to $12,482.5/mt near the close, and finally closed at $12,472.6/mt, up 0.73%. Trading volume reached 24,900 lots, and open interest stood at 291,200 lots, down 7,698 lots from the previous trading day, mainly due to bears reducing positions. Overnight, the most-traded SHFE copper 2605 contract opened at 96,300 yuan/mt. In early trading, it fluctuated downward to 96,210 yuan/mt. Subsequently, the center of copper prices fluctuated upward, touching a high of 96,970 yuan/mt near the close, with a gain of 0.45%. Trading volume reached 40,900 lots, and open interest stood at 183,400 lots, down 2,869 lots from the previous trading day, mainly due to bears reducing positions.

SMM Morning Meeting Summary: Overnight, LME copper opened at $12,216/mt and dipped to $12,181.5/mt in early trading. Copper prices then fluctuated upward in center and, near the close, touched a high of $12,420/mt, finally closing at $12,382.5/mt, up 1.64%. Trading volume reached 18,800 lots, and open interest stood at 298,900 lots, an increase of 3,875 lots from the previous trading day. Overnight, the most-traded SHFE copper 2605 contract opened at 95,730 yuan/mt and fluctuated rangebound in early trading, hitting a low of 95,550 yuan/mt. It then fluctuated upward all the way to a high of 96,780 yuan/mt, finally closing at 96,760 yuan/mt, up 1.26%. Trading volume reached 56,200 lots, and open interest stood at 186,300 lots, an increase of 598 lots from the previous trading day, mainly driven by increased long positions.

Vale (NYSE: VALE) has announced a strategic goal to expand its copper and nickel reserves and resources in Canada and Brazil by 20% between 2024 and 2027. Following a strong 2025 performance, Vale reported that its total nickel reserves and resources rose 13% to 14 million tonnes, while copper increased 6% to 53 million tonnes.

Cornish Tin Limited has closed its latest funding round at over £2.2 million, surpassing its initial target with a pre-money valuation of £29 million. Proceeds will fast-track exploration at the high-grade Great Wheal Vor and Tregonning South projects in Cornwall. With global tin prices recently hitting highs above $50,000/t and rising lithium demand for EVs, the company aims to secure a critical domestic supply chain for the UK and European technology and renewable energy sectors.

On March 25, the Guoneng Yuci Energy Storage Primary Frequency Regulation Construction Project, undertaken by the Energy Construction Branch, successfully completed all procedures for grid connection and commissioning, was successfully connected to the power grid system, and was officially put into operation. This milestone event marked the company’s breakthrough from zero in the niche field of flywheel energy storage, a new-type energy storage segment. As Huadian Engineering’s first flywheel energy storage demonstration project, it carried the dual mission of technological exploration and market expansion. The core construction content of the project was an 8 MW/800 kWh magnetic levitation flywheel energy storage unit.

Deepvein Mining has unveiled DeepSight Exploration, an integrated hardware-software system utilizing drone swarms and quadruped robots for end-to-end mineral exploration. Validated at a copper project in Namibia, the platform combines autonomous mapping, sampling, and geological intelligence to pinpoint high-potential targets. This robotics-first approach aims to reduce exploration cycles by 30 to 50 percent and lower costs by approximately 40 percent while significantly improving field safety in complex environments.