SPOT SILVER FALLS 3% TO $73.61/OZ

Chinese rare earth stocks advanced after major producers announced steep Q2 price increases, pointing to tighter supply and stronger demand amid geopolitical tensions. Inner Mongolia Baotou Steel Union rose as much as 8.5%, China Northern Rare Earth Group gained 3.1%, and China Rare Earth Resources and Technology added 2.5%. Firms set Q2 concentrate prices at 38,804 yuan per ton, up about 45% quarter-on-quarter. The move follows tighter export controls and licensing regimes that disrupted supply chains. The increase is the largest quarterly jump since China’s 2023 pricing reform.

瑞銀集團：上調布倫特原油價格預測，6月底爲每桶100美元，9月底爲每桶95美元，12月底爲每桶90美元。