According to CCTV, on May 29 local time, Kenyan President Ruto said that African countries should end their dependence on the US dollar in mutual trade and switch to local currencies.

US President Joe Biden said at the G7 Summit: we are not looking to decouple from China.

"Don't hoard goods." Recently, some industry insiders have suggested on social media that the commodity market can hardly improve amid oversupply, and it is not advisable to hoard goods.

The amount of money available to pay bills in the US has increased, providing a respite for the government as it struggles to maintain spending until it finds a solution to the debt ceiling.

SHANGHAI, May 16 (SMM) - The US non-farm payrolls rose 253,000 in April, far exceeding expectations, and its unemployment rate was 3.4%, hitting a new low since 1969.

The operating rates of copper rod plants using copper scrap were 52.09% between May 8 and May 12, a surge of 9.38 percentage points from a week earlier, according to SMM survey of 15 plants with a capacity of 1.48 million mt/year). During Labour Day holidays, some copper rod plants using copper scrap as raw materials were forced to shut down due to the difficulty of purchasing raw materials. But they did not suspend purchasing raw materials during and after the holidays. Adequate raw materials enabled these plants to resume production last week, growing the average operating rate.

SHANGHAI, May 15 (SMM) - Transactions remained thin in nickel sulphate market as ternary precursor plants still restocked only as needed.

SHANGHAI, May 15 (SMM) - The prices of lithium carbonate extended gains last week.

SHANGHAI, May 15 (SMM) - With alumina and coal prices showing no signs of stabilising, aluminium costs will still have room to fall in the short term.

The People's Bank of China (PBOC) data showed that at the end of April, the balance of broad money (M2) was 280.85 trillion yuan, up 12.4% year-on-year.