Other news

A report by consulting firm PricewaterhouseCoopers (PwC) warns that approximately 32% of global semiconductor production could face disruptions by 2035 due to climate change-induced copper supply shortages.

India, one of the world's largest copper importers, has presented a strategic plan to attract foreign companies to build smelting facilities on its territory, Reuters reports. The move is part of the government's efforts to reduce the country's dependence on metal imports by 2047.

The US Securities and Exchange Commission (SEC) has asked financial institutions to revise their applications for launching Solana-based exchange-traded funds (ETFs) and resubmit them by the end of July 2025. This move signals the regulator’s intent to expedite the approval process.

Analysts at UBS predict the European Central Bank (ECB) could deliver another rate cut amid global economic uncertainty, with a 25 basis point reduction to 1.75% expected on July 24. However, ongoing EU-US trade talks could influence this outlook.

On Tuesday, Australia's central bank kept its interest rate unchanged at 3.85%. This decision shocked market participants, as many had previously forecast a cut, as reported by Reuters. The move was driven by the regulator's desire to gather more information about inflation slowing.

The yen showed a significant drop on Tuesday after US President Donald Trump announced plans to impose 25% tariffs on goods from Japan and South Korea. At the start of the trading session, the yen fell to a two-week low of around 146.4 against the US dollar.

A Nanos Research poll for Bloomberg shows fewer than 60% of Canadians now call their jobs “secure” or “somewhat secure”, the first time the percentage has fallen below this threshold in over a year. About 30% feel uncertain about their employment, the highest level since 2023.

Bloomberg reports that Australia’s business conditions improved as sales, profitability, and employment rose. Business confidence also surged, suggesting that a recovery in the country’s corporate sector may be in line with the Reserve Bank of Australia's (RBA) easing cycle.

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

An increase of the indicator value may contribute to the rise in quotes of Copper.