Today's news: the Fed chairman stressed the wait-and-see position * China's rare earth exports to the United States fell to a three-month low

Published: Jun 26, 2019 09:12

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Macro information

Chairman of the Federal Reserve: many members of the Federal Reserve think there may be a need for looser monetary policy

Powell stressed the wait-and-see position but reiterated that there are more reasons for higher risks in the economic outlook and lower interest rates.

Us consumer confidence falls to its lowest level since September 2017

CBO: us debt will rise to 1.4 times GDP in 30 years

The issuance of local bonds in June, which hit a new high in the year, will "fuel" infrastructure investment.

Metal news

[SMM Analysis] Chilean National Copper Codelco Chuquicamata Workers strike Copper concentrate TC decline

[SMM Analysis] the news of the production cut is exhilarating the lead price, but in July, the supply is still expected to exceed the demand, and it is difficult to escape the weak market.

[SMM comments] Xinhai stainless steel project with an annual production capacity of 3.8 million tons is included in the major project bank waiting for capacity replacement documents.

Albemarle, Sichuan Fulin and Chile Molymet plan to build lithium plants in Chile

Further reduction of General Industrial and Commercial electricity Price in Mengxi area to form a favorable support for the Silicon-Manganese Alloy Market

Rio Tinto's Madison Copper and Gold Project in Montana breaks ground

China's rare Earth exports to the United States fall to their lowest level in three months

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