Gold beans all the rage with China’s Gen Z as deflation bites

Another month, another new record for China's primary aluminum production sector.

The lower metal prices are providing some cost relief to automakers and could lead to cheaper EVs.

In India, this week, dealers offered a discount of up to $9 an ounce over official domestic prices.

Chinese policymakers said that Beijing would strengthen efforts to reduce local debt risks and help with financing demands for property enterprises.

China accounted for 70% of global mine production of rare earths in 2022.

Tietto said the offer was been "opportunistically timed" by Zhaojin.

As part of its stated ambition to challenge China’s dominance, the Biden administration saw an opportunity to revitalize a century-old rail line linking key African mines to an Atlantic Ocean port.

Fund players have lifted their bets on lower prices to levels last seen in 2019.

Iron ore is still most exposed to further policy support versus other commodities, analysts said.