Reuters survey: LME spot lead expected to average $1,954/tonne in 2026, $1,975/tonne in 2027 and $1,962/tonne in 2025.

Iran’s Khatam al-Anbia central command said the Strait of Hormuz remains closed; vessels must transit via designated routes under previously announced arrangements. It warned that if the US follows through on threats, Iran will cut all oil flows from the Gulf and target regional oil, gas, power and economic infrastructure, saying repeated US threats risk widening the conflict regionally and beyond.

南向资金今日净卖出42.26亿元。港股通（沪）方面，盈富基金、建滔积层板分别获净卖出11.81亿港元、3.52亿港元；智谱净买入额居首，金额为6.15亿港元；港股通（深）方面，盈富基金、腾讯控股分别获净卖出13.38亿港元、12.54亿港元；美团-W净买入额居首，金额为6.42亿港元。