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Reserve Bank of Australia Keeps Rates Unchanged at 4.35% Amid Stubborn Inflation
Australia Unexpectedly Swings to AUD 1.93B Trade Surplus in June as Exports Surge 9.6%
Australia's Manufacturing Growth Rebounds to Six-month High of 52.0 in July
Winter storms in Chile disrupt copper mining; producers issue further warnings of tightening supply
① A deadly storm struck northern Chile, triggering floods and heavy snowfall, forcing the suspension of large-scale copper mining operations; mining activities and logistics in parts of Argentina were also affected. ② The storm represents a short-term disruption linked to El Niño, but analysts note that weather-related disruptions are becoming a recurring feature of global copper supply. ③ Beyond operational challenges posed by climate change, copper mining also faces declining ore grades and aging mines, contributing to a tightening of global copper supply.
Australia's Inflation Unexpectedly Eases to 3.8% but Stays Above RBA Target Range
Australia's Private Sector Activity Accelerates in July as Services & Factory Orders Rebound