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Global copper smelters face losses as China ramps up processing capacity — Reuters

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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China's natural resource imports declined in May

China's imports of most natural resources fell in May, according to customs data released today. Reuters analysts noted that the decline affected oil, coal, iron ore, and copper.

9 June
China's natural resource imports declined in May
US Congress has proposed legislation to regulate crypto assets — The Cryptocurrency Press

According to The Cryptocurrency Press, the US Congress is reviewing the new CLARITY Act, designed to eliminate legal ambiguities in cryptocurrency regulation.

9 June
US Congress has proposed legislation to regulate crypto assets — The Cryptocurrency Press
UK announces $400 billion plan to boost social infrastructure

The UK’s Labour government has unveiled a historic 300 billion pounds ($407 billion) funding package to boost healthcare, education, and transport infrastructure.

9 June
UK announces $400 billion plan to boost social infrastructure
Bank of England overestimates UK economic weakness — Bloomberg

Bloomberg reports that the Bank of England (BOE) may be underestimating the UK’s economic strength. The central bank favors pessimistic business surveys, such as the business activity index, over stronger official GDP data.

9 June
Bank of England overestimates UK economic weakness — Bloomberg
Nomura forecasts yen’s growth by 6% as Japanese investors exit US assets

Analysts at Nomura Holdings, Inc. predict that the Japanese yen could strengthen by approximately 6% against the US dollar in the coming months, driven by Japanese investors pulling funds from American assets amid rising yen yields.

9 June
Nomura forecasts yen’s growth by 6% as Japanese investors exit US assets
Bank of England’s Megan Greene expects disinflation in UK to continue

Megan Greene, a rate-setter at the Bank of England, expects disinflation in the UK to continue. She believes US President Donald Trump's tariffs are likely to lower consumer prices in the country due to changes in global trade flows.

9 June
Bank of England’s Megan Greene expects disinflation in UK to continue
SEC considering Nasdaq's application to include Ripple and other cryptocurrencies in NCI index

Last week, Nasdaq filed an application with the US Securities and Exchange Commission (SEC) to expand its cryptocurrency index by including Ripple (XRP), Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM).

9 June
SEC considering Nasdaq's application to include Ripple and other cryptocurrencies in NCI index
China expands copper processing capacity amid global ore shortage — Bloomberg

China's copper output has reached a record high this year. The relentless expansion of copper processing capacity in China has led to intense competition among mining companies for the ore needed to produce the vital industrial metal.

9 June
China expands copper processing capacity amid global ore shortage — Bloomberg
Bloomberg: Japan’s Q1 2025 GDP contraction reinforces central bank’s cautious stance

According to updated figures, Japan’s economy shrank by 0.2% in the first quarter of 2025, keeping the central bank on a cautious path as weak growth persists, Bloomberg reports.

9 June
Bloomberg: Japan’s Q1 2025 GDP contraction reinforces central bank’s cautious stance
Japan. CFTC JPY speculative net positions. The value of the indicator has decreased from 164K to 151.1K

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

6 June