Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Views of the Report - Macro uncertainties are strong, and short - term macro impacts may still fluctuate. Fundamentally, supply is stable while consumption is seasonally weak, but market arrivals are not abundant, and the continuous accumulation of aluminum ingot social inventory is not confirmed. The long - position atmosphere in the short - term remains, and future inventory changes should be monitored [2][6] Group 3: Summary by Directory Transaction Data - LME Aluminum 3 - month price rose from 2597.5 to 2602 yuan/ton; SHFE Aluminum Continuous Three rose from 20490 to 20525 dollars/ton; LME Aluminum inventory increased by 36350 tons to 400275 tons; SHFE Aluminum warehouse receipt inventory increased by 13495 tons to 51980 tons; spot average price decreased by 102 yuan/ton to 20698 yuan/ton; electrolytic aluminum weekly average profit decreased by 139.4 yuan/ton to 4111.18 yuan/ton [3] Market Review - The weekly average spot price was 20698 yuan/ton, a decrease of 102 yuan/ton from last week. Fed officials have different views on interest rate prospects. Trump announced a 50% tariff on imported copper starting August 1, 2025. The domestic downstream aluminum processing industry's operating rate decreased by 0.1 percentage points to 58.6%. On July 10, electrolytic aluminum ingot inventory decreased by 0.8 tons to 46.6 tons, and aluminum rod inventory increased by 0.65 tons to 16 tons [4][5] Market Outlook - Similar to the core view, macro uncertainties are high, and short - term macro impacts may fluctuate. Fundamentally, supply is stable and consumption is seasonally weak, but market arrivals are scarce, and the continuous accumulation of inventory is not confirmed. The long - position atmosphere remains, and inventory changes should be monitored [6] Industry News - Yunnan held a meeting on the green aluminum industry, and the Wenshan Zhilv project was put into operation; Canada may provide financial support to large aluminum producers if the 50% US aluminum import tariff persists; Baotou Aluminum's 200,000 - ton project had a successful hot - load test [7] Related Charts - The report provides multiple charts including LME Aluminum 3 - SHFE Aluminum Continuous Three price trends, LME Aluminum premium, etc., to show the market situation of the aluminum industry [8][9][12]

Core Viewpoint - The announcement of tariff measures by Trump serves as a warning signal for the automotive industry on both sides of the Atlantic [1] Industry Summary - The German Industrial Association highlights the potential negative impact of the tariff measures on the automotive sector, indicating that it could lead to increased tensions and challenges for manufacturers [1]

美国国务卿鲁比奥：并不担心关税措施会疏远东盟国家。 ...

Economic Indicators - San Francisco Fed President Daly considers implementing interest rate cuts in the fall, believing there will be two rate cuts this year [2] - The U.S. Commerce Secretary will visit Japan next week, indicating ongoing trade discussions [2] - The U.S. Treasury announced that government procurement projects for medical devices over 45 million RMB should exclude EU companies [2] Market Performance - The U.S. stock market saw slight gains, with the Dow Jones up 0.43%, Nasdaq up 0.09%, and S&P 500 up 0.27%, with both Nasdaq and S&P 500 reaching historical highs [3] - In the Hong Kong market, the Hang Seng Index rose 0.57%, while the Hang Seng Tech Index fell 0.29% [4] - A-shares showed mixed results, with the Shanghai Composite Index up 0.48% and the Shenzhen Component up 0.47% [4] Commodity Prices - WTI crude oil fell 2.1% to $65.78 per barrel, while Brent crude oil dropped 1.90% to $68.15 per barrel [7] - Spot gold rose 0.32% to $3324.43 per ounce, and spot silver increased by 1.7% to $36.98 per ounce [7] Cryptocurrency Developments - Bitcoin surpassed $117,000, marking a daily increase of over 4%, while Ethereum rose over 8%, crossing the $3,000 mark for the first time since early February [5]

Group 1 - The Chilean Foreign Minister, Andrés Allamand, announced an agreement with the Ministry of Mining to convene a special meeting with the mining industry to discuss U.S. President Trump's tariff measures [1]

Core Viewpoint - Canada will retaliate against the 50% tariff on copper imports imposed by U.S. President Trump, with a strong statement from Canadian Minister of Industry Mélanie Joly emphasizing a firm opposition and no compromise [1] Group 1: Tariff Details - President Trump announced a 50% tariff on copper imports to the U.S., effective August 1 [1] - The tariff is part of a broader trade strategy that could impact bilateral trade relations [1] Group 2: Impact on Canada - In 2023, Canada's copper and copper-based product exports reached 9.3 billion Canadian dollars, with approximately half of these exports going to the U.S. [1] - The potential tariff could significantly affect Canadian exporters and the overall copper industry in Canada [1]

巴西雷亚尔兑美元日内上涨0.6%，CNN巴西称巴西前总统博索纳罗可能会请求特朗普取消对巴西的关 税措施。 美元/巴西里亚尔 ...

巴西总统首席幕僚办公室：巴西政府将组建一个研究小组，以决定对特朗普关税措施的应对措施。 ...

Group 1 - The Chilean Foreign Minister stated that efforts are being made to communicate with major copper importers in the United States to understand the scope of U.S. tariff measures [1]

Core Viewpoint - During the conference, African countries will not face tariff measures as stated by Trump [1] Group 1 - The announcement aims to foster better trade relations with African nations [1] - This decision may enhance economic cooperation and investment opportunities between the U.S. and Africa [1]