London Metal Exchange (LME) inventories: copper down 5,825 tonnes, lead down 2,825 tonnes, aluminium down 1,750 tonnes, nickel down 1,296 tonnes, tin down 50 tonnes, zinc up 25 tonnes.

Romanian prime minister said companies' voluntary cooperation reduced electricity demand by 200 MW this morning.

On the evening of the 2nd (local time) Israeli defense minister Katz told a live TV program he was removing IDF Central Command commander Avi Blut and named Maj. Gen. Dado Bar Kalifa, head of the IDF Personnel Directorate, as his proposed successor. In the early hours of the 3rd the IDF issued a statement rebutting Katz’s announcement, saying the move was made without coordination with IDF Chief of Staff Zamir. The IDF said Chief of Staff Zamir has no intention of replacing commanders in key posts during this sensitive period and that any such decision would follow established approval procedures. Blut has served as Central Command commander since July 2024; the post typically carries a two- to three-year term.