Group 1 - LME copper futures prices experienced wide fluctuations, opening at $10,702.5 per ton and currently at $10,717 per ton, with a maximum of $10,733 per ton and a minimum of $10,679 per ton, reflecting a 0.04% increase [1] - On October 20, LME copper futures opened at $10,600.0, reached a high of $10,733.5, a low of $10,591.5, and closed at $10,712.5, marking a 0.96% increase [2] - As of October 20, LME registered copper warrants totaled 129,350 tons, with 7,825 tons canceled, and total copper inventory decreased by 50 tons to 137,175 tons [2] Group 2 - In the third week of October 2025, Brazil exported a total of 116,700 tons of copper ore and copper concentrate, significantly up from 76,600 tons in October of the previous year, with a daily average shipment of 9,000 tons, an increase of 157.66% year-on-year [2] - On October 20, the Shanghai Futures Exchange reported copper warrants at 41,319 tons, a decrease of 1,530 tons compared to the previous trading day [2]

Core Insights - Brazil's copper ore and concentrate exports totaled 36,700 tons by the third week of August 2025, a significant decrease from 98,200 tons in August 2024, indicating a decline in export volume [1] - The average daily shipment volume was 3,300 tons per day, which represents a 25.33% reduction compared to the average of 4,500 tons per day in August 2024 [1] Summary by Category - **Export Volume** - Total copper ore and concentrate exports in August 2025 reached 36,700 tons, down from 98,200 tons in the same month last year [1] - **Daily Shipment** - The average daily shipment for August 2025 was 3,300 tons, reflecting a 25.33% decrease from the previous year's daily average of 4,500 tons [1]