China A-share copper-clad laminate sector firmed; Yihao New Material rose over 19%, Tongguan Copper Foil gained more than 12%, Jin'an Guoji hit the daily trading limit. Fangbang Co., Baoding Technology, Nanya New Material, Huazheng New Material and Shengyi Technology also advanced.

China A-share maritime equipment sector rose on volatile trade; Zhongke Haixun gained over 7%, while Songfa, Jianglong Shipbuilding, Tianhai Defense and Hailanxin also advanced.

JP Morgan reiterated its $4,000/t aluminium price target and expects an average of $3,750/t in H2. The bank said the Middle East conflict destroyed the Gulf’s two largest smelters—about 8% of global output—and effectively closed the Strait of Hormuz; while reopening could exert near-term downward pressure, Middle East output may take multiple quarters to normalise, keeping a shortage in place. JP Morgan expects prices to roll over from next year and fall below $3,000/t in H2 2027. LME three-month aluminium was up 0.3% intraday at $3,512/t.