[SMM Analysis]: Slower-than-Expected Progress in RKAB Approvals, Coupled with Disruptions from the Rainy Season in the Philippines and Indonesia, Drove Stronger Premiums Amid Regional Supply Uncertainty

Traders and downstream restocking were significantly less active than yesterday, and spot premiums remained unchanged [SMM South China Spot Copper]

Delivery Dynamics Provided Support, but Pressure Emerged as the Import Window Became Visible; Shanghai Spot Copper Remained at a Premium Under Pressure [SMM Shanghai Spot Copper]

[SMM Analysis] Tungsten Market Shifts to High-Level Shock; Sentiment Turns Cautious Amid Intensified Supply-Demand Game

Demand Slowed at Week's End, Spot Premiums Held Steady [SMM North China Spot Copper]