Global copper smelters are facing a crisis as China's rapid buildup of processing capacity undermines profitability across the sector, according to Reuters.
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An increase of the indicator value may contribute to the rise in quotes of Gasoline.
11 June
A decrease of the indicator value may contribute to the rise in quotes of Gasoline.
11 June
An increase of the indicator value may contribute to the fall in quotes of Heating Oil.
11 June
Gold emerged as another in-demand asset last year. Global central banks boosted their bullion reserves by over 1,000 tons, a record amount, doubling the annual level seen in the previous decade.
11 June
European Union and Australia ready to resume negotiations on free trade agreement — Bloomberg
The European Union is ready to make another attempt to reach a free trade agreement with Australia. The parties have been trying to secure the deal since 2018, but now they face a common threat—Donald Trump's aggressive import tariffs, Bloomberg reports.
11 June
Attractiveness of Canadian dollar for investors decreased due to US tariff policy — ING
Over the month, the Canadian dollar has shown the strongest performance among G10 currencies, according to Investing.com. However, ING analysts view the loonie's prospects as less attractive compared to other G10 currencies.
11 June
Russia's Digital Ministry proposes tightening sanctions against illegal cryptocurrency mining
Russia's Ministry of Digital Development has introduced new regulations targeting illegal cryptocurrency mining. Individuals engaged in this activity without the required permits will face fines ranging from 100,000 to 2 million rubles, and their digital assets may be subject to confiscation.
11 June
Cardano launches Cardinal protocol to integrate Bitcoin into DeFi
Cardano founder Charles Hoskinson has announced the launch of the Cardinal protocol, a new solution that enables Bitcoin integration with decentralized finance (DeFi) applications.
11 June
The potential imposition of US tariffs on copper imports is profitable for Freeport-McMoRan. The North America's largest producer is capitalizing on pricing for the metal, as reported by Miningweekly. However, CEO Kathleen Quirk cautions about the effects of such tariffs for the industry.
11 June
UK Chancellor to unveil economic revival plan today
Later on Wednesday, UK Chancellor Rachel Reeves is set to deliver a major speech, laying out her plan to revive the country’s economy. She’ll unveil the 2026–2029 government spending budgets and the UK’s long-term investment strategy through the end of the decade, Bloomberg reports.
11 June
