Other news

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

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

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

Indonesia's Internal Affairs Minister, Tito Karnavian, is seeking to ease a copper concentrate export ban for Amman Mineral International. He suggests allowing raw material exports to resume before Amman’s processing facilities become fully operational.

A year after coming to power, the UK Labour government is facing a sharp decline in business confidence. Initial optimism has been replaced by discontent over rising taxes, more administrative barriers, and a lack of dialogue with the authorities.

According to Discovery Alert, the copper market has seen significant price fluctuations over the last few months. They have been driven by several factors, which include the approaching deadline for the delayed imposition of US tariffs on July 9.

The UK government is facing growing financial challenges that will require tax increases in the autumn budget. This was reported by conglomerate Barclays in its research note. Due to recent political developments, the kingdom's fiscal position has deteriorated.

Copper and other industrial metal prices continued to drop after Donald Trump proposed a 10% tariff on goods from BRICS countries. According to Bloomberg, the US president's move has fueled uncertainty over American trade policy.

According to the Japanese government data, in May, the level of real wages in the country declined at the fastest pace in almost two years due to inflation. Its rate is still outpacing the wage growth and hindering the growth of consumption.

For the first time in six years, the Reserve Bank of Australia (RBA) is considering back-to-back interest rate cuts. As reported by Bloomberg, the central bank may begin its easing cycle amid slowing inflation and global economic uncertainty fueled by US trade policies.