USD Index at 101.58 and S&P 500 at 7689 masked sharp copper price weakness, with LME copper falling 2.85% to 6.2205 USD/lb as multiple supply shocks hit overnight. Battery metals showed lithium carbonate at 91700 CNY/t down 1.24% while spodumene held at 1240 USD/t. China’s November 10 export control deadline and DRC concentrate ban dominated flows. Lundin Mining cut Caserones 2026 copper guidance to 105000–115000 tonnes from 120000–130000 tonnes after Super El Niño snowmelt halted open-pit haulage; consolidated company guidance fell to 285000–310000 tonnes. Freeport-McMoRan’s Grasberg remains under force majeure after the October mudslide, deferring 3% of global copper supply, while Rio Tinto’s Oyu Tolgoi lost 70% of concentrate truck capacity to Ganqimaodu border delays. DRC’s June 29 export ban on copper and cobalt concentrates, now public, directly targets CMOC, Glencore and Huayou output. Lundin Mining and Rio Tinto face immediate production shortfalls at Caserones and Oyu Tolgoi; Freeport-McMoRan’s Grasberg force majeure extends into 2027. Cameco’s McArthur River/Key Lake uranium operations are at risk from Saskatchewan bridge collapse. CATL’s new Karawang 6.9 GWh line and BYD’s 10.8% non-China share gain are the only demand offsets visible.