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According to Bloomberg News reported on May 20, copper prices soared to their highest level in history, continuing their months-long rally. The rally was driven by financial investors who poured into the market amid predictions that supply shortages would intensify.

Copper futures prices on the London Metal Exchange rose more than 4%. Copper prices topped US$110,000 a tonne for the first time, but gave up some of their gains in afternoon trading.

For months, banks, mining and investment funds have been touting copper’s bright long-term prospects. In the past few weeks, investment has poured into the market.

Several developments in 2024 have emboldened copper bulls and attracted more and more speculative funds. Rumors are rampant that tight supply of copper ore has caused smelters to cut production. Investors predict that a surge in copper use in fast-growing sectors such as electric vehicles, renewable energy and artificial intelligence will offset the drag caused by traditional industries such as construction.

In early April, copper prices began to rise. Last week, a short squeeze on the New York futures market triggered a global rush to buy copper, and copper prices rose into overdrive.

Investors, traders and mining executives have been warning for years that the world will face severe copper shortages as demand for green industries surges.

However, many people involved in physical transactions warn that copper prices are outperforming reality. Demand remains relatively tepid, especially in China, the largest buyer, where inventory levels remain high and suppliers of copper wire and rod have been cutting production.

Since the beginning of this year, copper prices have risen by more than a quarter, leading the overall increase in major industrial metals. Like copper, gold prices also rose to record levels. Both metals are supported by optimism that the Federal Reserve will start cutting interest rates this year. (Compiled by Qiu Fang)

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Islamabad, Kabul, March 18 (Reporter Jiang Chao, Zhao Jiasong) The Pakistani Ministry of Foreign Affairs issued a statement on the 18th saying that the Pakistani military launched a counter-terrorism operation in Afghanistan in the border area of Pakistan early that morning, targeting terrorists who have committed many terrorist attacks in Pakistan together with the Pakistani Taliban. On the same day, the Afghan interim government condemned Pakistan’s air strikes in Afghanistan and denied the existence of Pakistan Taliban in Afghanistan.

Pakistan’s Ministry of Foreign Affairs stated that the terrorists targeted this time had carried out many terrorist attacks in Pakistan, resulting in the deaths of hundreds of civilians and law enforcement personnel. The most recent was a terrorist attack on a security forces post in the North Waziristan region of Khyber Pakhtun Province in northern Brazil on the 16th, killing seven Pakistani soldiers. Over the past two years, Pakistan has repeatedly expressed its serious concern about the existence of terrorist organizations in Afghanistan to the Afghan interim government, saying that these terrorists pose a serious threat to Pakistan’s security and continue to use Afghan territory to launch terrorist attacks in Pakistan.

Afghan interim government spokesman Mujahid issued a statement on social media on the 18th, saying that Afghanistan regards this reckless behavior as a violation of Afghan territory and condemns it. According to the statement, at about 3 a.m. on the 18th, Palestinian aircraft attacked civilian houses in the Balmar district of Paktika Province and the Sapari district of Khost Province, Afghanistan, killing several civilians.

Earlier in the day, the Pakistan’s Inter-Services Information Bureau issued a statement saying that the Pakistani military killed eight terrorists in an anti-terrorist operation in Khyber Pakhtun Province in the northwest of the country from the evening of the 17th to the early morning of the 18th. (Participating reporter: Zou Xuemian)

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According to a report by Russia’s Lenta on July 16, Slutsky, chairman of the International Affairs Committee of the Russian State Duma (lower house of parliament) and leader of the Liberal Democratic Party, said on the telegram social platform that Moscow will not participate in the peace summit on Ukraine’s conditions.

According to reports, on July 15, Ukraine President Zelensky proposed inviting Russia to attend the next peace summit.

I’m setting tasks so that we can come up with a fully mature plan in November, Zelensky said. After the plan is finalized, everything will be ready for the second summit.

Reported that the U.S. State Department expressed support for Ukraine’s decision to invite Russia to participate in the next peace summit. (Compiled by He Yingjun)

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According to a report by Newsweek on July 15, Ukraine President Zelensky issued a severe warning on the insufficient aid provided by allies to Ukraine for F-16 fighter jets. He said the number of F-16 fighter jets Ukraine received from allies this year was not enough to fight Russia.

Zelensky said at a press conference held in Kiev on the 15th: The decision to hand over F-16 fighter jets to Ukraine is strategic, but their number is not strategic.

U.S. Secretary of State Blinken said last week that Ukraine’s NATO allies have begun handing over U.S. -made F-16 fighter jets to Ukraine and announced that the fighters will fly over Ukraine this summer to ensure Ukraine can continue to effectively defend against Russia.

Reported that Denmark, Norway, the Netherlands and Belgium have promised to provide a total of more than 60 fighter jets to Ukraine this summer. However, Bloomberg News quoted unnamed sources as saying on July 12 that Ukraine may receive far less fighter jets this year than expected to receive only 6 this summer, and may receive 20 by the end of the year.

Zelensky told reporters: I can’t say now how many such aircraft (we) will have. But their numbers are not enough. They will certainly strengthen us, but whether these aircraft are comparable to the Russian aviation fleet is not enough. Do we expect more? Of course!

The report mentioned that on May 29, after Belgium promised to deliver the first batch of F-16 fighter jets to Ukraine this year, Russian Foreign Minister Lavrov issued a warning to the West. (Compiled by Long Jun)

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[A man in Kenya is suspected of murdering 42 women and dismembering and dumping their bodies in slums, including his wife” target=_blank>

On July 15, Kenyan police said they had arrested a man suspected of murdering 42 women and dumping their bodies in a slum. The man is suspected of killing 42 women, including his wife, starting in 2022.

Police said they had received a report from the family of one of the missing women and found the remains of nine people in the slum on the 13th.

On the 15th, police arrested the man near a bar in Nairobi, saying that the man lived only 100 meters away from where the remains were found. Police also found knives, nylon bags, rope, industrial gloves, women’s handbags and women’s underwear at the man’s residence.

Police are currently conducting further investigations into the man.

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On March 20, local time, according to a report released by the Texas police in the United States, Anji Zhao (AC), chairman and CEO of Fumao Group, drove drunk into a pond on a ranch in Texas and drowned last month. Before Zhao Anji died, she called a friend for eight minutes. She also told the friend that she was going to die and said goodbye to her.

According to US media reports, the investigation concluded by the Blanco County Sheriff’s Office in Texas that Zhao Anji’s death was an unfortunate accident. Her blood alcohol concentration was 0233 grams per 100 milliliters, which was three times the state’s legal limit.

The report stated that police watched surveillance video from the scene, which showed Zhao Anji’s Tesla rushing forward, then reversing over the limestone wall, and rushing into the pond at about 11:38 pm on the 10th.

Blanco County Deputy Sheriff Robert Woodring (RW) said the release of the new detailed report also means that the investigation into Zhao Anji’s death has come to an end.

On February 10, 50-year-old Zhao Anji invited seven friends to a ranch near Johnson City (JC), west of Austin, Texas, for the weekend. Zhao Anji died after having dinner with her friends at the ranch on the evening of the 10th.

After Zhao Anji’s unfortunate death, Zhao Cheng re-served as chairman of Fumao Group, and Li Maike (ML) became president and CEO.

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According to Russian Sputnik quoted US media reports on March 14, at least 16 US special forces members were injured during a exercise at a training center in California.

Reports said that an explosion occurred during a joint training exercise with engineers in Orange County, California.

It is understood that the explosion occurred at the Federal Bureau of Investigation (FBI) training center.

The report pointed out that at least 16 people were injured, 15 of whom were taken to local hospitals and 1 person arrived at the hospital on his own. Thirteen people developed dizziness and tinnitus, and several suffered leg and back injuries, but no deaths were reported.

Taiwan’s Central News Agency also reported that local police said the cause of the explosion was not clear, but the accident occurred during the bomb disposal team’s training.

The report also said that news footage taken from helicopter aerial photography showed a yellow cordon outside a small single-story building surrounded by grass.

An FBI spokesman said no FBI personnel were injured and said the FBI would investigate the accident. This training facility is usually responsible for holding firearms training and qualification examinations for the FBI and local law enforcement agencies.

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Jakarta, March 20 (Reporter Ye Pingfan Tao Fangwei) The Indonesian Election Commission announced the final vote count results of the presidential election on the 20th. Current Defense Minister Prabowo and his running mate, the eldest son of current President Joko, and the mayor of Soro City Jiburan won with 5858% of the vote and was elected the next president.

On March 20, in Jakarta, Indonesia, Prabowo (center) spoke at a rally attended by media reporters and supporters. Fa (Photo by Agong)

Among the other two groups of campaign combinations, Anis, former governor of the Jakarta Capital District, and Muhaiming, general chairman of the National Awakening Party, received 2494%. Ganjar, former governor of Central Java Province, and former Indonesian Coordinating Minister of Political, Legal and Security Affairs Mohammed, the vote was 1646%.

Analysts believe that Prabowo’s victory reflects the eager expectations of a large number of voters for continuing Joko’s policies, developing the economy, promoting employment and improving people’s livelihood and well-being.

Voting for the 2024 Indonesian general election, including the presidential election, will be held on February 14. Prabowo’s presidential inauguration ceremony will be held on October 20 in Nusantara, Indonesia’s new capital.

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According to a report by Russia’s Lenta on July 16, Slutsky, chairman of the International Affairs Committee of the Russian State Duma (lower house of parliament) and leader of the Liberal Democratic Party, said on the telegram social platform that Moscow will not participate in the peace summit on Ukraine’s conditions.

According to reports, on July 15, Ukraine President Zelensky proposed inviting Russia to attend the next peace summit.

I’m setting tasks so that we can come up with a fully mature plan in November, Zelensky said. After the plan is finalized, everything will be ready for the second summit.

Reported that the U.S. State Department expressed support for Ukraine’s decision to invite Russia to participate in the next peace summit. (Compiled by He Yingjun)

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Washington, March 14 (Reporters Xu Yuan and Xiong Maoling) Data released by the U.S. Department of Labor on the 14th showed that the U.S. producer price index (PPI) rose 06% month-on-month in February, an increase of 03 percentage points from January, highlighting that the U.S. inflation situation remains severe.

Data showed that the U.S. PPI increased by 16% year-on-year in February, the largest increase since September 2023. Excluding food, energy and trade services prices, core PPI increased by 04% month-on-month and 28% year-on-year.

In the same month, commodity prices increased by 12% month-on-month, the largest increase since August 2023. Among them, natural gas prices rose 68%, and grocery prices rose 1%. At the same time, service prices increased by 03% month-on-month.

PPI tracks changes in production costs and is a key measure of inflation. Analysts believe that PPI accelerated again in February, indicating that inflationary pressures in the United States continue and the Federal Reserve may need to maintain high interest rates for a longer period of time.

A tracking data from the Chicago Mercantile Exchange showed that after the PPI data was released, the market basically believed that the Federal Reserve would maintain the target range of the federal funds rate between 525% and 55% at the monetary policy meeting held from March 19 to 20.