Global copper smelters are facing a crisis as China's rapid buildup of processing capacity undermines profitability across the sector, according to Reuters.
Global copper smelters are facing a crisis as China's rapid buildup of processing capacity undermines profitability across the sector, according to Reuters.
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.
According to The Cryptocurrency Press, the US Congress is reviewing the new CLARITY Act, designed to eliminate legal ambiguities in cryptocurrency regulation.
The UK’s Labour government has unveiled a historic 300 billion pounds ($407 billion) funding package to boost healthcare, education, and transport infrastructure.
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.
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.
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.
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).
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.
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.
A decrease of the indicator value may contribute to the fall in quotes of JPY.