Rio Tinto Expands US Resolution Copper Mine to Strengthen Domestic Supply Chain [SMM Copper Morning Meeting Summary]

By MMPI News Desk On Nov 12, 2026 36 0

SMM Morning Meeting Summary: LME copper opened at $13,815/mt, reached a high of $13,832.5/mt, a low of $13,746/mt, and closed at $13,794.5/mt, up 0.60%. Trading volume was 13,000 lots, and open interest was 247,000 lots, down 1,646 lots, reflecting bear position reductions.

The most-traded SHFE copper 2612 contract opened at 105,430 yuan/mt, reached a high of 105,590 yuan/mt, a low of 105,020 yuan/mt, and closed at 105,560 yuan/mt, up 0.31%. Trading volume was 28,000 lots, and open interest was 188,000 lots, down 2,874 lots, reflecting bear position reductions.

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