Precious Metals and Mining: 1. Spot gold and silver rebounded, with gold rising over $50 and silver over 3% intraday. 2. Institutions: Copper prices continued to rise on the first trading day of 2026 amid expectations of tightening supply. 3. Vale

2026-01-02

Precious Metals and Mining: 1. Spot gold and silver rebounded, with gold rising over $50 and silver over 3% intraday. 2. Institutions: Copper prices continued to rise on the first trading day of 2026 amid expectations of tightening supply. 3. Vale of Indonesia: The company has suspended mining activities as its 2026 production plans have not yet received government approval. Other: 1. Italian Ministry of Foreign Affairs: The US lowered tariffs on Italian pasta. 2. Indian Meteorological Department: Rainfall in India from January to March is likely to be below average. January may see above-average cold wave days, and the highest temperature in the month may be below average. 3. Libya's total crude oil production in 2025 will exceed 500 million barrels, with an average daily production of 1.374 million barrels, both the highest levels in ten years.