BOC Senior Deputy Governor Rogers said preliminary April GDP data show the economy has rebounded to some degree.

Iran says it will ensure smoother passage of Japanese vessels through the Strait of Hormuz.

China International Capital Co says rising strategic and emerging demand plus persistent supply tightness mean domestic tungsten prices, after a sharp short-term drop, are likely to stabilise and rebound. Supply: domestic output remains tight; Kazakhstan and South Korea may add incremental supply while European upside is increasingly uncertain. Inventories: China’s tungsten stocks rose QoQ in 1Q26 but the increase was limited; overseas restocking demand remains urgent. Outlook: China International Capital Co expects a global tungsten supply–demand deficit of 23,000/24,000/24,000/25,000 tonnes in 2026–2029, equivalent to 14.6%/14.8%/13.9%/14.3% of global tungsten consumption (primary + recycled). The report flags rising allocation appeal of leading global tungsten producers.