Pre-holiday Supply and Demand in the Spot Market Declined, Post-holiday Focus on Lead Ingot Inventory Buildup and the Impact of Secondary Lead National Standard Delivery Matters on Lead Price Sentiment [SMM Lead Morning Meeting Minutes]

There was still restocking before the holiday, and the price spread between futures contracts was relatively large, stimulating spot premiums to fluctuate and rise. [SMM Southern China Spot Copper Cathode Weekly Review]

Lead Futures: LME Outperforms SHFE, Domestic Fundamentals Drag Down Lead Prices [SMM Lead Morning News]

Copper Inventories in Major Domestic Regions Continued to Build Up Before Chinese New Year [SMM Weekly Data]

South America Becomes Center of Critical Minerals Supply Chain, LME Copper and SHFE Copper Both Closed Higher Overnight [SMM Copper Morning Meeting Minutes]