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  The uncertainty of Trump's tariffs increased, and copper prices continued to rise overnight. [SMM Copper Morning Comment]

• Tariff Disturbances Persist, LME Zinc Records a Barefoot Yang Pillar [SMM Morning Meeting Summary]

  Amid ongoing tariff disturbances, LME zinc recorded a bullish candlestick. Overnight, LME zinc opened at $2,939.5/mt, hitting a low at the opening. Initially, it fluctuated upward, reaching a high of $2,976/mt. During European trading hours, shorts reduced positions, causing SHFE zinc to fluctuate downward. However, LME zinc quickly rebounded towards the end of the session, recovering some losses, and finally closed up at $2,968.5/mt, an increase of $30/mt, or 1.02%. Trading volume rose to 79,506 lots, and open interest increased by 2,093 lots to 226,000 lots.

• Metals Mostly Rose, Copper Futures Continued to Climb to Near Six-Month High, Still Affected by US Tariffs [March 25 LME Close]

• The US dollar fell, metals nearly all rose, with LME lead, SHFE tin, and COMEX silver up over 2%, and LME tin and SHFE copper leading the gains [Overnight Market].

  Overnight Market: US Dollar Declined, Metals Nearly All Rose, LME Lead and SHFE Tin, COMEX Silver Rose Over 2%, LME Tin and SHFE Copper Led Gains. Overnight, base metals in the domestic market all rose, with SHFE tin up 2.01%. SHFE copper rose 1.3%. SHFE nickel rose 1.26%. Overnight, the ferrous metals series all rose, with iron ore up 0.32%, and coke up 1.29%. Overnight, LME metals all rose, with LME copper up 1.39%. LME tin rose 1.92%, LME lead rose 2.23%, and LME nickel rose 1.02%. COMEX silver rose 2.39%. Overnight, the US dollar index fell 0.1%, to 104.21.

• SMM Steel Market Morning Brief: Economic Daily: Creating a Reassuring Environment to Stimulate Consumer Willingness

  An article in the Economic Daily pointed out that the recently issued "Action Plan to Boost Consumption" proposes creating a trustworthy consumption environment. It suggests implementing a three-year action plan to optimize the consumption environment, further improving systems related to quality standards, credit constraints, comprehensive governance, and consumer rights protection. To boost consumption, it is essential to make creating a safe, reliable, and convenient consumption environment a key measure, with a particular focus on building a trustworthy consumption environment. Promoting consumption should be combined with addressing institutional shortcomings, further enhancing quality standards, credit constraints, comprehensive governance, and consumer rights protection. For example, in response to new-type infringements such as big data price discrimination and AI face-swapping fraud, explicit prohibitive clauses should be added to relevant laws and regulations. To address the issue of high costs of rights protection, a public interest litigation fund should be established and improved to support collective consumer rights protection.