[Futures Hot Topics Tracking] Global oversupply of nearly 800,000 tons! Indonesia's Ministry of Energy and Minerals pushes for RKAB quota reductions; is a reversal in nickel prices imminent? Click to read.

Domestic News: 1. State Council Report: Support Central Huijin Investment Ltd. in playing a role similar to a stabilization fund and consolidating and improving the capital market stabilization mechanism. 2. Ministry of Commerce responds to EU's additional tariffs on low-value imported goods. 3. 2027 Holiday Schedule Released: 9-day Spring Festival holiday, fewer adjusted workdays. 4. Ministry of Commerce responds to expanding agricultural purchases from the US: Maintains an open attitude, reciprocal tariff reductions are a prerequisite. 5. Shanghai Stock Exchange holds a special symposium on mergers and acquisitions, gathering market forces to help listed companies improve quality and efficiency. 6. He Lifeng pointed out during his research in Beijing that strengthening the deep integration of technological innovation and industrial innovation is crucial to promoting the continuous development of the economy towards new, better, and more positive directions. International News: 1. US AI industry chain stocks plummet, Nasdaq plunges 5.5%, S&P 500 market capitalization evaporates by $3 trillion. 2. Polish Central Bank: Increased gold reserves by 28 tons in October. 3. US Secretary of State Rubio denies reports that he will resign to run for president. 4. US Defense Secretary Hergsays: Impeachment won't work on President Trump, and it won't work on me either. 5. World Gold Council: Global gold ETFs continue to expand, with net inflows of $2.7 billion in October. 6. OpenAI launches GPT-6 Cyber cybersecurity model, surpassing GPT-6 Astra in vulnerability detection capabilities. 7. Bank of England raises interest rates by 25 basis points to 4.00%, the first rate hike since August 2023, in line with market expectations. 8. Saudi Arabia lowers its official selling price for Arab Light crude oil sold to Asia in December to a discount of $7 per barrel to the benchmark price. 9. Goldman Sachs: Lowers its year-end 2026 gold price forecast to $4,150 and its year-end 2027 forecast to $4,800. 10. Federal Reserve – Barkin: Inflation is not expected to accelerate, but there is no sign of it declining at present; gradual rate hikes remain reasonable; Hamak: Prefers frequent, small-scale interest rate adjustments. Monetary policy needs to shift to a restrictive stance. 11. Middle East Situation— ① Iranian officials stated that they have sent a nuclear proposal to the United States through Qatar, and that the proposal will only be discussed after its seven demands are met. The United States is reviewing Iran's nuclear proposal. According to foreign media reports, Rezaei has privately shown a more open attitude towards discussing the nuclear issue. ② Saudi officials denied reports of claims against them by the Houthi rebels. ③ Putin and Rezaei met at the Kremlin, where Rezaei conveyed a message from Iran's Supreme Leader to Putin. ④ Trump on Iran: We will see a lot of things happen soon, and we are preparing many measures. ⑤ Iranian Foreign Minister Araghchi spoke with foreign ministers from several countries in the region. ⑥ The Israeli president will formally authorize a member of parliament to form a new government on the 8th.

ECB's Zigmann: The likelihood of a December rate hike is "quite high".