Group 1: Metal Market Overview - LME copper experienced a decline of 1.2%, settling at $9,406 per ton, while SHFE copper dropped 0.74% to 77,450 CNY per ton, with domestic import profits slightly positive [1] - LME nickel fell by 0.38% to $15,630 per ton, and SHFE nickel decreased by 0.35% to 123,640 CNY per ton, with LME inventory down by 300 tons and SHFE warehouse receipts down by 416 tons [1] - Aluminum and alumina markets showed weakness, with alumina at 2,700 CNY per ton (down 0.22%) and SHFE aluminum at 19,340 CNY per ton (down 1.55%), indicating a potential oversupply situation [1] Group 2: Supply and Demand Dynamics - The supply side for nickel iron shows signs of production cuts, while demand remains under pressure, leading to short-term price fluctuations [1] - The silicon market is also experiencing weakness, with polysilicon at 35,520 CNY per ton (down 3.14%) and industrial silicon at 8,290 CNY per ton (down 0.96%), as traders push for lower prices ahead of the holiday [1] - Lithium carbonate futures fell by 1.99% to 64,160 CNY per ton, with spot prices for battery-grade lithium carbonate also declining, indicating ongoing inventory accumulation despite some demand replenishment [1]