Report Industry Investment Rating No information provided. Core View of the Report Copper prices will remain high in the near future due to the Indonesian copper mine accident, with increased volatility. However, approaching the National Day holiday, it is recommended to reduce positions in single-sided Shanghai copper positions. The expected release of new production capacity will suppress long-term prices, but short-term restocking at the smelting end will support spot prices. On the demand side, high prices and the National Day holiday will lead to a decline in production, making the "Golden September and Silver October" peak season less prominent. Macroscopically, the issuance of policies to stabilize growth in the non-ferrous industry by eight domestic departments may boost market confidence, but high copper prices will intensify the wait-and-see sentiment among downstream enterprises [6]. Summary by Relevant Catalogs 1. Daily Market Summary (1) Copper Futures Market Data Change Analysis - **Main Contract and Basis**: From September 22 to September 26, the SHFE main contract price rose slightly from 79,990 yuan/ton to 82,490 yuan/ton and then declined slightly, while the LME copper price dropped from $10,320/ton to $10,205/ton, indicating pressure on the external market. In terms of spot premiums and discounts, the premium of premium copper shrank significantly from 95 yuan/ton to 40 yuan/ton, and the discounts of flat copper and wet-process copper widened to -40 yuan/ton and -105 yuan/ton respectively, reflecting the weakening of the spot market. The LME (0 - 3) discount also widened to -$33.91/ton, and the basis weakened overall [1]. - **Position and Trading Volume**: The LME copper position increased from 295,609 lots on September 22 to 297,660 lots on September 26, an increase of 0.69%. The SHFE inventory decreased slightly by 25 tons to 144,400 tons, while the COMEX inventory increased by 1,228 short tons to 322,284 short tons [2]. (2) Industry Chain Supply - Demand and Inventory Change Analysis - **Supply Side**: Argentina approved a $2.7 billion Los Azules copper mine project, and Ningbo Jintian Copper's 100,000 - ton A - grade copper registered production capacity was implemented, strengthening the medium - and long - term supply increase expectation. However, short - term smelting disturbances were limited, and the raw material inventory of domestic refined copper rod enterprises increased by 2.21% month - on - month [3]. - **Demand Side**: Terminal demand in industries such as electricity, construction, and automobiles was weak. Copper cable enterprises slowed down downstream pick - up due to copper prices reaching 83,000 yuan/ton, and their finished product inventory increased by 10.66% month - on - month. The operating rate of enameled machines decreased by 0.2 percentage points to 77.73% month - on - month, and the pre - holiday inventory of brass rod enterprises was significantly lower than that of the same period last year. In addition, approaching the National Day holiday, the operating rate of refined copper rod enterprises was expected to decrease by 9.74 percentage points to 64.04% month - on - month [4]. - **Inventory Side**: The LME inventory decreased continuously, reaching 26,557 tons on September 26, a decrease of 3.99% compared to the previous week. However, the SHFE inventory remained at a high level of 144,000 tons, and the COMEX inventory continued to accumulate, resulting in a differentiated pressure on global visible inventories. The finished product inventory of domestic refined copper rod enterprises rose to 78,900 tons [5]. 2. Industry Chain Price Monitoring | Data Index | September 26, 2025 | September 25, 2025 | September 22, 2025 | Change | Change Rate | Unit | | --- | --- | --- | --- | --- | --- | --- | | SMM: 1 Copper | 82,660 | 82,520 | 80,140 | 140 | 0.17% | yuan/ton | | Premium Copper (Spot Premium/Discount) | 40 | 80 | 95 | -40 | -50.00% | yuan/ton | | Flat Copper (Spot Premium/Discount) | -40 | -10 | 15 | -30 | -300.00% | yuan/ton | | Wet - Process Copper (Spot Premium/Discount) | -105 | -60 | -35 | -45 | -75.00% | yuan/ton | | LME (0 - 3) | -34 | -32 | -31 | -2 | -7.48% | dollars/ton | | SHFE Price | 82,490 | 82,540 | 79,990 | -50 | -0.06% | yuan/ton | | LME Price | 10,205 | 10,276 | 10,320 | -71 | -0.69% | dollars/ton | | LME Inventory | 26,557 | 27,662 | 27,419 | -1,105 | -3.99% | tons | | SHFE Inventory | 144,400 | 144,425 | 144,775 | -25 | -0.02% | tons | | COMEX Inventory | 322,284 | 321,056 | 318,229 | 1,228 | 0.38% | short tons | [9] 3. Industry Dynamics and Interpretations - On September 26, Argentina approved a $2.7 billion Los Azules copper mine project invested by Canadian mining company McEwen Copper, and McEwen Copper enjoys the tax exemption plan of the large - scale investment incentive system (RIGI) [10]. - It is expected that the operating rate of domestic main refined copper rod enterprises will drop to 64.04% next week (September 26 - October 2), a month - on - month decrease of 9.74 percentage points and a year - on - year decrease of 11.14 percentage points. The main reasons are that high copper prices suppress downstream inventory demand and enterprises' pre - stocked inventory has not been significantly digested. In addition, the National Day holiday in the next week will lead to centralized production holidays of many enterprises [10]. - From September 19 to September 25, domestic main refined copper rod enterprises mainly focused on production and inventory, so the raw material inventory increased by 2.21% month - on - month, reaching 32,400 tons, and the finished product inventory increased by 10.66% month - on - month, reaching 78,900 tons [10]. - From September 19 to September 25, the operating rate of domestic main refined copper rod enterprises rose to 73.78%, a month - on - month increase of 3.28 percentage points, 0.09 percentage points lower than expected, and a year - on - year decrease of 11.14 percentage points [10]. - The Shanghai Futures Exchange approved the registration of "Jintian Copper" brand A - grade copper produced by Ningbo Jintian Copper (Group) Co., Ltd., with a registered production capacity of 100,000 tons, and it can be used for the performance settlement of the cathode copper futures contract [11]. 4. Industry Chain Data Charts The report provides multiple data charts, including China PMI, US PMI, US employment situation, the correlation between the US dollar index and LME copper price, the correlation between US interest rates and LME copper price, TC processing fees, CFTC copper position, LME copper net long position analysis, Shanghai copper warehouse receipt volume, LME copper inventory change, COMEX copper inventory change, and SMM social inventory [12][16][18].

Report Title - Copper Weekly Report: Resurgence of Disturbances at the Mine End, Copper Prices Prone to Rise and Hard to Fall [1] Report Date - September 29, 2025 [1] Report Industry Investment Rating - Not provided Core Viewpoint of the Report - The accident at the Grasberg mine in Indonesia has deepened the short - term expectation of copper mine tightness, and the copper price has broken through and risen sharply. The long - term central price of copper will continue to rise. Although the impact of the accident has been digested in the short term and the price has fallen due to profit - taking, the impact on copper supply, demand, and price is likely to be long - term. Copper prices are likely to rise easily and fall hard, and may continue to fluctuate at a high level in the short term [7] Summary by Directory 1. Main Viewpoints and Strategies - **Supply Side**: The Freeport Indonesia mine has suspended production due to a mudslide accident, and the copper production and sales of the Grasberg mine in Q4 2025 are expected to decline significantly. As of September 26, the spot rough smelting fee for copper concentrate was - $40.35/ton, remaining at a historical low. The domestic copper concentrate port inventory was 478,000 tons, a week - on - week decrease of 18.01%, still at a low level over the years. In August, China's electrolytic copper production was 1.1715 million tons, a month - on - month decrease of 0.24% and a year - on - year increase of 15.59%. The growth rate of domestic refined copper production remained stable. In September, smelters entered the peak of shutdown and maintenance, and combined with the impact of policies on anode copper supply, electrolytic copper production is expected to decrease [5][31] - **Demand Side**: Pre - holiday stocking has slightly increased the operating rate. As of September 26, the weekly operating rate of major domestic refined copper rod enterprises rose to 73.78%, a week - on - week increase of 3.28 percentage points and a year - on - year decrease of 11.14 percentage points. This week, enterprises mainly stocked up before the holiday, driving the overall operating rate to recover. In terms of actual consumption, although the copper price dropped slightly at the beginning of the week, downstream buyers mostly adopted a wait - and - see attitude. The sudden surge in copper price at the end of the week further suppressed the downstream's willingness to pick up goods, and the main orders were still existing orders [5][35] - **Inventory**: Domestic inventory has changed from an increase to a decrease. As of September 26, the copper inventory on the Shanghai Futures Exchange was 98,761 tons, a week - on - week decrease of 6.65%. As of September 25, the domestic social copper inventory was 140,100 tons, a week - on - week decrease of 5.91%. As the National Day holiday approached, downstream inventory replenishment increased, leading to a decline in inventory. As of September 26, the LME copper inventory was 144,400 tons, a week - on - week decrease of 2.20%, and the LME copper continued to reduce inventory. The COMEX copper inventory was 32,230 short tons, a week - on - week increase of 1.74%, with a slight increase in inventory [6][43] - **Strategy Suggestion**: The Grasberg mine in Indonesia will take until 2027 to resume pre - accident production levels, and the 2026 output may be about 35% (about 270,000 tons) lower than previously estimated. The accident has deepened the short - term expectation of copper mine tightness, and the copper price has broken through and risen sharply. The long - term central price of copper will continue to rise. In the domestic market, affected by high copper prices, market consumption has weakened, and some downstream buyers' sentiment of pricing and taking goods has become more cautious. The pre - holiday stocking situation was lower than expected. As the end of the month and the National Day holiday approached, some holders showed a willingness to sell at low prices to recover funds before the holiday, resulting in an expansion of the spot discount. Currently, domestic smelters are in a high - maintenance period, the market arrivals are average, and the inventory has decreased slightly, but there are still imports of copper, and the supply - side pressure is not obvious. China's economic data in August showed a weakening trend month - on - month, and the consumption side in Q4 faces greater pressure. It is expected that China may introduce economic support policies in Q4. Overall, the impact of the Grasberg shutdown in Indonesia has been digested in the short term, and the price has fallen due to profit - taking, but the impact on copper supply, demand, and price may be long - term. Copper prices are likely to rise easily and fall hard and may continue to fluctuate at a high level in the short term [7] 2. Macro and Industry News - **Macro Data Overview**: In September, the LPR quotation remained unchanged, with the 5 - year LPR at 3.5% and the 1 - year LPR at 3%. The central bank stated that it would implement a moderately loose monetary policy. The US September Markit manufacturing and services PMI declined. The eurozone September manufacturing PMI unexpectedly fell into the contraction range, while the services and composite PMI expanded. The US Q2 GDP growth rate was revised up to 3.8%, a two - year high, but inflation pressure was more stubborn. The US August core PCE price index increased by 0.2% month - on - month, in line with expectations [15] - **Industry News Overview**: The El Teniente copper mine in Chile is recovering slowly after the accident, and the annual copper production will be lower than expected. China's August scrap copper imports decreased by 5.64% month - on - month. After the accident at the Grasberg copper mine, Freeport's metal production will face significant losses. The ICSG reported a global copper market surplus of 101,000 tons from January to July. The Antamina copper mine in Peru expects its 2026 copper production to increase to 450,000 tons [17] 3. Spot - Futures Market and Positioning - **Premium and Discount**: The high copper price has weakened downstream stocking sentiment. Near the holiday, the downstream stocking pace was slow, and spot transactions remained around flat water. After the sharp rise in copper price, Shanghai copper spot transactions were weak, with transactions around a small discount. The LME copper 0 - 3 discount narrowed slightly, the New York - London copper spread increased slightly, and the refined - scrap copper spread widened [20] - **Domestic and Foreign Positions**: As of September 26, the Shanghai copper futures position was 229,050 lots, a week - on - week increase of 32.38%. The average daily trading volume of Shanghai copper this week was 137,568.8 lots, a week - on - week increase of 87.48%. Both the position and trading volume of Shanghai copper increased significantly. As of September 19, the net long position of LME copper investment companies and credit institutions was 12,188.6 lots, a week - on - week decrease of 36.00%. As of September 23, the net long position of COMEX copper asset management institutions was 43,389 lots, a week - on - week increase of 3.07% [24] 4. Fundamental Data - **Supply Side**: The Freeport Indonesia mine has suspended production due to a mudslide accident, and the copper production and sales of the Grasberg mine in Q4 2025 are expected to decline significantly. As of September 26, the copper concentrate spot rough smelting fee was - $40.35/ton, remaining at a historical low. The domestic copper concentrate port inventory was 478,000 tons, a week - on - week decrease of 18.01%, still at a low level over the years. In August, China's electrolytic copper production was 1.1715 million tons, a month - on - month decrease of 0.24% and a year - on - year increase of 15.59%. The growth rate of domestic refined copper production remained stable. In September, smelters entered the peak of shutdown and maintenance, and combined with the impact of policies on anode copper supply, electrolytic copper production is expected to decrease [31] - **Downstream Operating Rate**: As of September 26, the weekly operating rate of major domestic refined copper rod enterprises rose to 73.78%, a week - on - week increase of 3.28 percentage points and a year - on - year decrease of 11.14 percentage points. Last week, enterprises mainly stocked up before the holiday, driving the overall operating rate to recover. In terms of actual consumption, although the copper price dropped slightly at the beginning of the week, downstream buyers mostly adopted a wait - and - see attitude. The sudden surge in copper price at the end of the week further suppressed the downstream's willingness to pick up goods, and the main orders were still existing orders. In August, the operating rates of copper plates, strips, tubes, and foils were 65.87%, 65.70%, and 78.44% respectively. The increase in copper price has reduced the purchasing willingness of downstream manufacturing enterprises, and the growth of downstream orders was lower than expected. The operating rate of copper tubes decreased due to US tariffs, while the operating rate of copper foils increased due to strong downstream demand for lithium - ion copper foils [35] - **Import and Export**: As of September 26, the Shanghai - London ratio of electrolytic copper was 8.03, and the ratio remained stable this week. The negative value of copper spot import profit and loss widened slightly. In August, China's refined copper import volume was 263,000 tons, a year - on - year increase of 5.37%. The scrap copper import volume in August was 179,400 tons, a year - on - year increase of 5.93%. The imports of refined copper and scrap copper increased steadily. In August, China's imports of unwrought copper and copper products were 425,100 tons, a year - on - year increase of 1.22% [39] - **Inventory**: As of September 26, the copper inventory on the Shanghai Futures Exchange was 98,761 tons, a week - on - week decrease of 6.65%. As of September 25, the domestic social copper inventory was 140,100 tons, a week - on - week decrease of 5.91%. As the National Day holiday approached, downstream inventory replenishment increased, leading to a decline in inventory. As of September 26, the LME copper inventory was 144,400 tons, a week - on - week decrease of 2.20%, and the LME copper continued to reduce inventory. The COMEX copper inventory was 32,230 short tons, a week - on - week increase of 1.74%, with a slight increase in inventory [6][43]

Group 1: Copper Price Surge - The global copper price has significantly increased due to the suspension of production at Indonesia's Grasberg copper mine, with LME copper closing at $10,320 per ton on September 24, marking a 3.46% rise [4][5] - On September 25, the average price of 1 electrolytic copper in the Yangtze market reached 82,500 yuan per ton, up 3.06% from the previous day, an increase of 2,450 yuan [4][5] - The Grasberg mine, one of the largest copper mines globally, has a copper reserve of 13.99 million tons and has lowered its third-quarter sales guidance for copper and gold by 4% and 6%, respectively [5][6] Group 2: Market Reactions and Predictions - Analysts suggest that the impact of the Grasberg incident is primarily psychological for the market, with minimal direct effects on domestic copper concentrate supply [3][6] - The incident is expected to lead to a slight reduction in global metal supply, with estimates of a decrease of about 5,000 tons in 2025 and 22,000 tons in 2026, which is a small fraction of the expected consumption [6][7] - Despite the recent surge, some market participants believe that copper prices may correct downward as demand weakens after the initial excitement fades [7] Group 3: Company Performance and Outlook - Domestic copper companies, such as Luoyang Molybdenum and Zijin Mining, have shown strong stock performance, with Luoyang Molybdenum's stock price rising by 9.90% to 13.87 yuan [7][8] - Luoyang Molybdenum is projected to produce 650,200 tons of copper in 2024, a 55% increase year-on-year, positioning it among the top copper producers globally [8][9] - The company anticipates a stable market as U.S. import tariffs on copper products take effect, which may alleviate supply tensions outside the U.S. [9]

Group 1 - Recent copper prices have shown a breakout upward trend, with both London and Shanghai copper futures reaching new highs, attracting significant investment interest in copper-related stocks [1][2] - The supply concerns were heightened by the recent suspension of operations at the Grasberg copper mine in Indonesia, owned by Freeport-McMoRan, which has led to a downward revision of copper production forecasts for Q4 2025 and 2026 [2][3] - The Grasberg mine, being the second-largest copper mine globally, has seen its production targets for 2026 cut by approximately 35%, which is expected to significantly impact global copper supply dynamics [3][4] Group 2 - The macroeconomic environment for copper has stabilized, with reduced uncertainty regarding tariffs and the initiation of a Fed rate cut cycle, which is expected to support copper prices [4][6] - Demand for copper is anticipated to grow, particularly from the renewable energy sector and emerging technologies, which could further bolster prices despite traditional consumption growth being slow [5][6] - Analysts predict that the copper market will face a supply-demand imbalance, with expectations of copper prices reaching between $9,800 and $11,000 per ton by Q4 2025, and potentially breaking historical highs by 2026 [6][7]

Core Viewpoint - Recent copper prices have shown a significant upward trend, with both London and Shanghai copper futures reaching new highs, driven by supply concerns following the suspension of operations at the Grasberg copper mine in Indonesia [1][2][3]. Supply Side Analysis - The Grasberg copper mine, one of the largest globally, has suspended operations due to an accident, leading to a downward revision of copper production forecasts for 2025 and 2026 by approximately 15% and 35% respectively [2][3]. - The suspension of the Grasberg mine has disrupted the fragile balance of global copper supply and demand, with its pre-accident production accounting for 3.2% of global supply [3][4]. - The copper market is experiencing extreme negative processing fees due to insufficient new mining capacity and ongoing production losses, which exacerbates the supply-demand imbalance [3][5]. Demand Side Analysis - The demand for copper is expected to grow, particularly in the renewable energy sector and emerging industries such as AI, despite slow growth in traditional consumption areas [5][6]. - The macroeconomic environment is stabilizing, with reduced uncertainty regarding tariffs and a potential 50 basis points interest rate cut by the Federal Reserve, which could support copper demand [4][6]. Price Outlook - The copper market is anticipated to maintain a strong upward trend, with projected price ranges for Q4 2025 being $9,800 to $11,000 per ton for London copper and 80,000 to 84,000 yuan per ton for Shanghai copper [6]. - The ongoing supply constraints from the Grasberg mine's suspension are expected to further widen the copper concentrate supply gap, impacting copper production significantly in 2025 and 2026 [6][7].

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - Overseas copper mine supply disturbances continue, the supply - demand balance remains fragile. Although there is a situation of "peak season not prosperous" on the demand side, it is not overly pessimistic. With the restart of the Fed's interest - rate cut cycle, the background of monetary easing combined with tight supply - demand fundamentals is expected to keep copper prices in a strong and volatile state. Under this supply disturbance, copper prices are expected to hit the previous high, with the range between 84,000 yuan/ton and 85,000 yuan/ton [3] Group 3: Summary Based on Related Content Copper Futures Market Performance - On the night of September 25, 2025, copper futures rose sharply. The main contract, Shanghai Copper 2511, opened at 81,000 yuan/ton and closed at 82,610 yuan/ton, with a night - session increase of 3.28%. The trading volume was about 218,000 lots, with a daily increase of about 45,000 lots [3] Impact of the Accident on Production - The accident at the Grasberg mine in Indonesia was caused by a mudslide, which led to the suspension of mining. The accident occurred in the "PB1C" area of the five production blocks of GBC, but damaged key infrastructure in other production areas. The GBC ore body accounted for 50% of PTFI's proven reserves at the end of 2024, and in 2024, the daily output of copper concentrate in the GBC mining area accounted for 64% of the overall output of the Grasberg mine. In Q3 2025, copper sales are expected to decline by 4% and gold by 6% compared with the July forecast. In Q4 2025, the original forecast for copper sales was 445 million pounds (about 202,000 tons). In 2026, the overall copper production may be reduced by 35% compared with the pre - accident forecast, with an estimated reduction of about 270,000 tons [3] Mine Restart Schedule - In Q4 2025, the Big Gossan and Deep MLZ mining areas among the three producing areas of the Grasberg mine may resume production. In H1 2026, the GBC mining area plans to resume production in stages (starting with the PB2 and PB3 blocks). In H2 2026, the PB1S block will resume production. In 2027, the PB1C block and the remaining areas will resume production, aiming to restore pre - accident production capacity. The entire resumption process will last about 1.5 - 2 years [3]

Group 1 - The copper sector has seen significant price increases, with the copper index rising by 5.13% to 3581.38 points on September 25, 2023, and individual stocks like Jingyi Co. and Luoyang Molybdenum hitting their daily limits [1][2] - Copper prices reached new highs, with LME copper touching $10,485 per ton on September 25, 2023, and Shanghai copper reaching 82,980 yuan per ton, marking the highest levels since July 2024 [1][3] - The suspension of mining operations at Freeport McMoRan's Grasberg mine due to a landslide has raised concerns about copper supply, with expectations that production levels may not return to pre-accident levels until 2027 [3][4] Group 2 - Year-to-date, copper prices have increased from 73,490 yuan per ton at the beginning of the year to 82,540 yuan per ton by September 25, 2023, reflecting a 12.31% increase [2] - Major copper companies in the A-share market have also seen stock price increases, with companies like Xinyi Silver Tin and Luoyang Molybdenum experiencing over 100% gains year-to-date [2] - The Grasberg mine accounts for approximately 3% of global copper supply, and its production loss is expected to impact global supply significantly, supporting higher copper prices [3][4] Group 3 - The Grasberg mine's production halt is not an isolated incident, as other copper mines, such as the Kamoa-Kakula mine in Africa, have also faced operational disruptions earlier this year [5][6] - Companies like Luoyang Molybdenum are planning to expand their copper production capabilities, aiming for a target of 800,000 to 1,000,000 tons by 2028 [7] - Zijin Mining has gained control over the Giant Dragon Copper Mine, which is expected to significantly increase its production capacity by 2025 [8] Group 4 - Analysts predict that copper prices will continue to experience high volatility, influenced by supply-demand dynamics and the ongoing geopolitical tensions affecting the market [4][9] - The rising copper prices are expected to impact downstream industries, particularly in the renewable energy sector, where copper demand is significantly higher compared to traditional energy sources [8]

一场重大矿难事故正让全球第二大铜矿陷入停产，并由此引发了全球金属市场的强烈震动。 9月24日，美国矿业巨头矿业巨头Freeport-McMoRan（FCX）发表声明宣布，其供应合同进入"不可抗力"状态。而这一突发事件被华尔街迅速定性 为"黑天鹅事件"，点燃了市场对铜供应长期短缺的忧虑，并推动铜价大幅飙升。 华尔街见闻写道，事件的核心是Freeport位于印尼的Grasberg矿山。该公司确认，9月8日发生的一场大规模泥石流事故已造成两名工人死亡，另有 五人失踪。作为应对，公司已全面暂停该矿区的生产活动，并启动了不可抗力条款，该条款允许生产商在遭遇不可预见的灾难时暂停履行供应合 同。 高盛："黑天鹅"来袭，供应缺口或达数十万吨 市场的反应立竿见影。消息传出后，纽约商品交易所（COMEX）的铜期货价格上涨近4%，报4.825美元/磅。Freeport的股价在盘前交易中重挫， 而其竞争对手如嘉能可和Boliden等铜业公司的股价则应声上涨。 丹麦盛宝银行商品策略主管Ole Hansen对此评论道："交易员们先买入，然后再问问题"，精准地描绘了市场在供应恐慌下的本能反应。 高盛的大宗商品团队将此次Grasberg矿山 ...

重要的消息有哪些 1.商务部：向世贸组织提交了《中国关于世贸组织特殊和差别待遇问题的立场文件》 2025年9月24日，中国向世贸组织提交了《中国关于世贸组织特殊和差别待遇问题的立场文件》。 2.商务部对原产于墨西哥和美国的进口碧根果发起反倾销立案调查 商务部获得的初步证据和信息显示，原产于墨西哥和美国的进口碧根果以低于正常价值的价格向中国出口销售，存在倾销。同时，该产品进入中国市场数量 大幅增长，价格呈下降趋势，对中国国内产业同类产品价格造成削减和抑制，中国国内产业遭受了实质损害，自墨西哥和美国进口产品的倾销与国内产业实 质损害之间存在因果关系。依据《中华人民共和国反倾销条例》第十八条的规定，商务部决定自2025年9月25日起对原产于墨西哥和美国的进口碧根果进行 反倾销立案调查，本次调查确定的倾销调查期为2024年1月1日至2024年12月31日，产业损害调查期为2022年1月1日至2024年12月31日。 3.市场监管总局就《食品召回管理办法（征求意见稿）》征求意见 为深入贯彻落实党中央、国务院关于加强食品安全工作的决策部署，全面强化食品安全全链条监管，进一步规范食品召回管理，市场监管总局修订了《食品 召回 ...

尽管铜价回调，本周迄今伦铜仍上涨2.84%，本月迄今上涨3.52%，今年迄今上涨16.87%。引发本周期 铜飙升的导火索在于，自由港麦克莫兰公司周三表示，其印尼子公司2026年的产量将比此前预期低 35%，促使交易员纷纷回补空头部位。花旗银行在一份报告中预计，2026年全球精炼铜供应缺口约为40 万吨，如果铜价没有上涨，2027年将出现35万吨的缺口。 据外媒，周四伦敦金属交易所（LME）期铜从15个月高点回落，因为自由港的格拉斯伯格矿山遭遇不 可抗力所引发的恐慌情绪开始消退。 ...