Did Strong Earthquake in Xinjiang Impact Local Aluminum Plants and Lead-Zinc Mines? SMM Reports

Federal Reserve Governor Cook pointed out that bringing the inflation rate back to the target level in the near term is the top priority for the US Fed, which is crucial for maintaining its credibility. Cook also mentioned that the risk of a rise in inflation is currently prominent, and uncertainty in the economic outlook remains high.

The European Central Bank decided to maintain the current benchmark interest rate unchanged, marking the fifth consecutive pause in interest rate cuts since last June. Despite this, the bank has yet to provide clear guidance on the future path of monetary policy, further reinforcing market expectations that monetary policy will remain unchanged in the short term. Meanwhile, policymakers continue to monitor the appreciation of the euro, focusing on assessing its potential impact on the competitiveness of the export sector and inflation trends.

The China Photovoltaic Industry Association (CPIA) predicts that China's new PV installations are expected to pull back in 2026, ranging between 180 GW and 240 GW. During the 15th Five-Year Plan period, the average annual new PV installations are projected to reach 238 GW to 287 GW. Wang Shijiang, Deputy Director of the Electronic Information Department at the Ministry of Industry and Information Technology (MIIT), emphasized that the core task this year is to address the cut-throat competition in the PV industry.