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  New Ore Body Discovered at the Senegal Ibernan Gold Mine

• Drilling Progress at the Nukula Hill Gold Mine Project in South Australia

• The countdown to delivery sees the spread widening, and Shanghai spot copper remains firm [SMM Shanghai spot copper]

  [SMM Shanghai Spot Copper] Tomorrow is expected to be the last trading day for the SHFE copper 2601 contract. During the day, some suppliers have already offered discounts of 200 yuan/mt against the next-month contract. It is anticipated that tomorrow's quotations against the next-month contract will start within the range of discounts of 200-100 yuan/mt. Spot premiums are expected to remain strong tomorrow. However, spot premiums and discounts will be constrained by the widening price spread between futures contracts, leading suppliers to reduce their willingness to sell. Overall prices are expected to continue holding at high levels.

• The price spread between futures contracts widened, with suppliers holding back on sales, and spot premiums rose. [SMM South China Spot Copper]

• Silver Prices Continue to Hold Up Well, Spot Premiums Slightly Decline [SMM Daily Review]