Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Copper prices are climbing, reaching a five-month high as China ramps up economic stimulus efforts to boost consumption. Over the weekend, the Chinese government unveiled a strategic plan aimed at increasing demand, reinforcing its status as the world’s largest consumer of the industrial metal.
So far this year, copper prices have surged approximately 12%, driven by China’s accelerating consumption and a global mine supply shortage. Market volatility has been further amplified by U.S. tariffs under President Donald Trump, adding pressure to an already tight supply chain.
On the London Metal Exchange, copper edged up 0.3% to $9,810.50 per ton at 8:01 a.m. local time, briefly rising 0.7% earlier in the session. Last Friday, prices hit $9,850—the highest since October—reflecting strong investor confidence in China’s stimulus-backed demand growth.
In parallel, government data revealed that China’s aluminum production rose 2.6% year-over-year, reaching 7.32 million tons in the first two months of 2024—a record daily average of 124,068 tons.
As global supply constraints persist, China’s economic policies and industrial output will play a crucial role in shaping metal markets in the coming months.
