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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.

4 July
Japan's industrial output growth slowed in May on US tariffs

Japan’s industrial production grew less than expected in May as US tariffs weighed on the nation’s exports. Factory output rose 0.5% compared to April, with economists projecting a gain of 3.5%.

30 June
Japan's industrial output growth slowed in May on US tariffs
United Kingdom. GDP (YoY). The value of the indicator remained at the same level of 1.3%

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

30 June
Japan. CFTC JPY speculative net positions. The value of the indicator has increased from 130.9K to 132.3K

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

27 June
Australia. CFTC AUD speculative net positions. The value of the indicator has decreased from -69.4K to -72.6K

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

27 June
Canada. CFTC CAD speculative net positions. The value of the indicator has increased from -66.3K to -53.2K

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

27 June
United States. CFTC Copper speculative net positions. The value of the indicator has increased from 23.8K to 29.4K

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

27 June
United States. CFTC Aluminium speculative net positions. The value of the indicator has increased from 0.6K to 0.7K

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

27 June
United Kingdom. CFTC GBP speculative net positions. The value of the indicator has decreased from 42.9K to 34.4K

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

27 June
Gap between headline and underlying inflation makes it difficult for BOJ to proceed with rate hikes

Reuters reports that obscure inflation readings raise concerns among Bank of Japan (BOJ) officials. Policy doves argue this situation points to weak consumer demand in the country.

27 June
Gap between headline and underlying inflation makes it difficult for BOJ to proceed with rate hikes
Chinese smelters agree with Antofagasta to zero processing fee instead of negative

Some Chinese smelters have agreed to process copper from Chilean mining company Antofagasta for free. This marks a record low for the industry, but it is still better than expected.

27 June
Chinese smelters agree with Antofagasta to zero processing fee instead of negative