Other news

JX Advanced Metals Corp. plans to reduce its refined copper production by tens of thousands of tons, according to a company spokesperson, who did not specify exact numbers. The reason for the decline is a shortage of raw materials.

No change of the indicator value may reduce the volatility of the related markets.

Thailand announces five-year tax exemption for cryptocurrency sales profits. This measure will be in effect from 2025 to 2029 and applies to transactions made through platforms licensed by Thailand's Securities and Exchange Commission.

In June, the UK consumer confidence increased and reached its highest level since December of last year. The most noticeable increase in optimism was among Gen Z. She suggests that the increase in the minimum wage since April could have positively impacted the personal finances of young people.

The Bank of Japan (BOJ) is unlikely to raise interest rates this year unless US tariff policy takes a positive turn, said former central bank chief economist Seisaku Kameda.

Bank of Canada governor Tiff Macklem expressed concern that inflation may remain elevated despite its recent decline to 1.7%. The central bank maintained its key rate at 2.75%, citing a steady increase in the so-called core inflation.

China’s copper output stayed at record highs last month even as smelter processing fees plunged, tightening global competition for feedstock, Bloomberg reports.

A decrease of the indicator value may contribute to the fall in quotes of CHF.

According to Bloomberg, the Bank of England will keep interest rates at 4.25% on Thursday. The regulator is likely to ease monetary conditions at every other meeting, as policymakers try to strike a balance between elevated inflation, slowing UK economic growth, and rising oil prices.

The number of jobs in Australia unexpectedly dropped in May. A slowing labor market could push the Reserve Bank of Australia (RBA) to cut rates in July, followed by another move in either August or September.