1. Guangdong Jushen Warehousing Co., Ltd. is approved as an international copper delivery warehouse of our exchange, located at No. 16 Baojiang Road, Huangpu District, Guangzhou, Guangdong Province, with an approved storage capacity of 10,000 mt and no regional premiums. 2. Hengruibao Warehousing (Shanghai) Co., Ltd. is approved to add a new storage location at No. 60 Baojin Road, Guangzhou Economic and Technological Development Zone, Guangdong Province, with an approved storage capacity of 10,000 mt for international copper and no regional premiums. 3. The above shall take effect from the date of this announcement.

CME Group has approved the application of Kodiak Warehouse LLC., allowing its warehouse located in Lemont, Illinois, to store copper available for delivery against COMEX futures contracts.The statement showed that the warehouse was approved for a capacity of 50,000 short mt.Currently, the exchange has copper delivery warehouses in Arizona, Kentucky, Louisiana, Maryland, Michigan, Texas, and Utah.

On March 25, SHFE issued an announcement approving Guangdong CMST Shengshi Zhaobang Logistics Co., Ltd. as a copper delivery warehouse The original text was as follows: Announcement on Approving Guangdong CMST Shengshi Zhaobang Logistics Co., Ltd. as a Copper Delivery Warehouse Recently, our exchange received the relevant application materials from Guangdong CMST Shengshi Zhaobang Logistics Co., Ltd. In accordance with the Delivery Warehouse Management Measures of the Shanghai Futures Exchange and other relevant regulations, it was decided after deliberation that: I. Guangdong CMST Shengshi Zhaobang Logistics Co., Ltd. was approved to become a copper delivery warehouse of our exchange. The storage address is No. 108 Dongjiang Avenue, Huangpu District, Guangzhou, Guangdong Province, with an approved storage capacity of 20,000 mt, and no regional premiums will be applied. II. It will be put into operation as of the date of this announcement. All relevant parties should attach great importance to this matter, effectively carry out all related work, and ensure the normal and orderly conduct of delivery business. Hereby announced. Shanghai Futures Exchange Mar 2026 Click to view announcement details:

[SMM SHFE Copper Closing Comments] During the session, the most-traded SHFE copper contract rose above 103,800 yuan/mt in early trading, but gave back some gains in the afternoon. By the close, the most-traded SHFE copper contract settled at 101,880 yuan/mt, with the increase narrowing to 1.26%. On January 26, SHFE copper delivery warrants decreased by 1,479 mt to 145,314 mt, mainly driven by a decline in Guangdong, while Shanghai and Jiangsu continued to increase.

【SMM Copper News】Codelco's premium for physical copper delivery, which is paid on top of the London Metal Exchange (LME) contract, is often used as a benchmark for global contracts of the metal used in the power and construction industries. The premium reached a record high due to concerns over a copper supply deficit next year, a factor that recently drove LME copper prices to hit $11,000 per metric ton last week, the highest level in 16 months. Last month, miner Freeport-McMoRan declared force majeure at its Grasberg copper mine in Indonesia after a mudslide occurred at the world's second-largest copper mine. Earlier this year, disruptions were also reported at the Kamoa-Kakula mine in the DRC and the El Teniente mine in Chile.