COPX is trading at $90.24, up 3.14%, as Chinese physical demand strengthens ahead of the Mid-Autumn Festival and National Day holidays. - After a sixth-session rally, Shanghai cathode inventories fell to 43,900 tonnes, their lowest since 2023; Yangshan's import premium reached roughly $124 per tonne, signaling tight spot supply. - LME copper reached about $14,760 per tonne; Comex rose above $6.87 per pound, improving expected miner margins. The move was sector-driven, not company-specific; broader market gains and easing oil prices were secondary.