Published: May 30, 2024 09:39
【The release of the US Beige Book and the rise of the US dollar index have suppressed copper prices】 In terms of macroeconomics, the Beige Book of the Federal Reserve shows that economic activity in the United States continues to expand, but businesses are becoming increasingly pessimistic about the economic prospects. It is expected that prices will continue to grow moderately in the near future. The rebound of the US dollar index has suppressed copper prices. At the same time, BHP Group stated on Wednesday that it has no intention to make a formal offer to Anglo American plc, abandoning its six-month acquisition plan. The State Council issued the "Action Plan for Energy Conservation and Carbon Reduction in 2024-2025": gradually lifting restrictions on the purchase of new energy vehicles in various regions, strictly controlling new production capacity for smelting such as copper and alumina...

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