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  Copper inventories in major regions across the country increased by 5,700 mt during the week [SMM weekly data]

• Shanghai Zinc: Reluctance to budge on prices persists, trading remains sluggish [SMM Midday Review]

  [Shanghai Zinc: Reluctance to Budge on Prices Persists, Trading Activity Sluggish]: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,425-22,590 yuan/mt, with Shuangyan zinc trading at 22,475-22,620 yuan/mt, and 1# zinc trading mainly at 22,355-22,520 yuan/mt. In the morning session, the market offered a premium of 70-90 yuan/mt against the SMM average price, with fewer offers against the futures price...

• Domestic metal market outperforms overseas market; lithium carbonate rises for three consecutive days; polysilicon rises by over 4%; coking coal rises by over 3% [SMM Midday Review]

• Ningbo Zinc: Traders Offering Prices in a Relaxed Manner, Premiums Have Declined Slightly [SMM Midday Review]

  [Ningbo Zinc: Traders Adopt Passive Quoting Approach with Premiums Adjusting Downward] The mainstream 0# zinc transaction price in the Ningbo market ranged around 22,345-22,480 yuan/mt. Conventional brands in Ningbo quoted a premium of 100 yuan/mt against the 2508 contract and a discount of 10 yuan/mt against Shanghai spot cargo. Mainstream offers in the Ningbo region were primarily made against the 2508 contract...

• [SMM Nickel Midday Review] Nickel prices rose slightly on July 3, with the 13th round of China-EU High-Level Strategic Dialogue kicking off