China's key steel enterprises produced 64.78 million tonnes of crude steel in July 2026, down 2.9% y/y and 8.1% m/m; LME copper warehouse stocks surged by 35,650 tonnes on Aug 19, the largest single-day increase since 2024; Caserones cut its 2026 copper output guidance to 120,000–130,000 tonnes from 130,000–140,000 tonnes after a second severe winter storm; WBMS reported global refined copper surplus of 33,200 tonnes in June 2026.
Jin1008/20, 06:59 AM
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