At 01:00, SHFE most-active copper contract +0.38%, SHFE aluminium +0.11%, SHFE zinc +1.40%, SHFE nickel +0.32%, SHFE tin +2.25%, SHFE lead -0.47%, SHFE stainless-steel +0.92%, SHFE alumina -0.25%; LME copper +0.56%.

China official manufacturing PMI 50.3 in June vs 50.1 expected and 50.0 in May, remaining above the 50.0 expansion threshold.

China’s Ministry of Industry and Information Technology (MIIT) and seven other ministries issued implementation guidance to accelerate high‑quality development of the industrial internet by deepening integration with artificial intelligence. The guidance backs enterprises and research institutes leveraging the industrial internet’s pervasive connectivity and data aggregation to train both industry‑scale large models and scenario‑specific small models, and to develop model interconnection interfaces to boost collaborative efficiency. It promotes deployment of generative design, human‑machine interaction and production‑network optimization applications, and calls for faster rollout of industrial intelligent agents to strengthen industrial systems’ sensing, decision‑making and execution across design, pilot testing, production, service and operations.