Core Viewpoint - The A-share market experienced a pullback after two consecutive days of gains, with the Shanghai Composite Index closing down 0.39% at 3868.38 points, and trading volume significantly decreased by 462.1 billion yuan to 26,790 billion yuan. Key mineral stocks such as potassium fertilizer, tungsten, rare earths, and molybdenum have performed well this year. The U.S. government proposed adding six minerals, including copper and potassium fertilizer, to its critical mineral list for 2025, highlighting their importance to the economy and national security [1]. Group 1: Market Performance - The Shanghai Composite Index fell by 0.39% to close at 3868.38 points after two days of gains [1] - Trading volume in the Shanghai and Shenzhen markets decreased significantly by 462.1 billion yuan to 26,790 billion yuan [1] - Key mineral stocks, including potassium fertilizer, tungsten, rare earths, and molybdenum, have shown strong performance this year [1] Group 2: U.S. Mineral Policy - The U.S. government proposed to include copper, potassium fertilizer, silicon, silver, lead, and rhenium in the 2025 critical mineral list, which consists of a total of 54 minerals [1] - The U.S. Geological Survey published this draft list in the Federal Register and will seek public comments for 30 days [1] Group 3: Futures Market and Competitions - In the futures market, "anti-involution" products such as alumina, coking coal, industrial silicon, polysilicon, and coke saw significant declines [1] - The "Jingliang Cup - National Futures Simulation Competition" is ongoing, with participants achieving notable returns, such as a 56.9% profit in two days by one contestant [2][3] - The competition aims to help investors understand and learn about futures trading, providing a "zero-cost trial and high-reward growth" opportunity [10]