Federal Reserve's Kashkari: We continue to hear from businesses expressing a desire for legal immigration.

LME tin futures surged 4.33% to $51,675 per tonne.

Domestic News: 1. The US eases restrictions on Nvidia H200 chip exports to China. 2. CCTV: China applies for frequency and orbit resources for 203,000 satellites, affecting our future. 3. The Ministry of Foreign Affairs responds to the US imposing a 25% tariff on countries with business dealings with Iran. 4. The Guangzhou Futures Exchange adjusts transaction fees and trading limits for lithium carbonate futures contracts. 5. Ronbay Technology: Signs a 120 billion yuan procurement cooperation agreement with CATL for lithium iron phosphate cathode materials. 6. Kweichow Moutai: Establishes a dynamic price adjustment mechanism for its self-operated retail system, based on market conditions and maintaining relative stability. 7. Shanghai: Optimizes auto loan procedures, relaxes application requirements, and reasonably determines loan disbursement ratios, terms, and interest rates. 8. The Ministry of Industry and Information Technology holds its 18th symposium for manufacturing enterprises, focusing on stabilizing effective investment in manufacturing and consciously resisting "involution." 9. Ministry of Commerce: Anti-dumping duties will continue to be levied on imported solar-grade polysilicon originating from the United States and South Korea for a period of five years. International News: 1. Trump's interview aired this morning, focusing on Iran, the economy, and Powell. 2. South Korean prosecutors requested the court to sentence Yoon Seok-yeol to death. 3. LME copper inventories fell 22%, reaching a six-month low. 4. Spot gold and silver hit new highs of $4,634 and $89.1 respectively. 5. CME Group plans to launch 100-ounce silver futures contracts on February 9. 6. Kim Yo-jong responded to South Korea's policy toward North Korea: The so-called "improvement of relations" is wishful thinking. 7. Sanae Takashi expressed her intention to dissolve the House of Representatives and hold early elections on the 23rd. 8. Venezuela's state-owned oil company plans to restart oil wells to restore crude oil production capacity. 9. Federal Reserve's Mossalem: There are few reasons for further policy easing in the short term; he still believes that inflation risks will be more persistent than expected. 10. ADP Weekly Employment Report: In the four weeks ending December 20, 2025, private sector employers added an average of 11,750 jobs per week. 11. US CPI growth remained stable in December, with core CPI slightly below expectations. Trump praised the inflation data, saying Powell should cut interest rates significantly. A Fed mouthpiece stated that the December CPI is unlikely to change the current wait-and-see attitude. 12. Iran Situation—① The EU is discussing additional sanctions against Iran. ② Trump: All meetings with Iranian officials have been canceled; the Iranian authorities will "pay a heavy price." ③ Vance is scheduled to meet with the national security team this morning to lead the development of a strategy towards Iran.