EUR/USD
1.16244
0.019%
Gold
4437.24
0.566%
Oil
90.688
-0.055%
USD/JPY
153.327
-0.661%
GBP/USD
1.35366
-0.026%
GBP/JPY
207.558
-0.681%
Real-time News
On September 8th, global mining giant Rio Tinto issued a statement saying it had agreed to acquire the Aurukun bauxite project in northeastern Australia from Glencore and Mitsubishi Development. A Rio Tinto spokesperson stated, "The acquisition price was not disclosed and is subject to approval from the Queensland government and other Australian regulatory bodies." The statement noted that Aurukun currently holds a mineral development license, but a mining lease has not yet been approved. The project is located near Rio Tintos bauxite mine west of Cape York.The SC crude oil futures contract rose by 2.00% intraday, currently trading at 702.30 yuan/barrel; the PTA futures contract rose by more than 2.00% intraday, currently trading at 6042.00 yuan/ton.September 8th - According to data from the General Administration of Customs, Chinas integrated circuit exports reached US$40.731 billion in August, a year-on-year increase of 129.8%; automobile exports reached US$18.33 billion, a year-on-year increase of 43%; rare earth exports reached US$73.5466 million, a year-on-year increase of 33.7%; and mobile phone exports reached US$8.798 billion, a year-on-year increase of 29.6%.On September 8th, YH Cha, a foreign exchange economist at Eugene Investment & Securities, stated that the recent strong rally in the Korean won may eventually subside if it rises to the 1250-1300 range against the US dollar. Strong exports driven by South Koreas semiconductor industry, a large trade surplus, and exporters repatriating dollar revenue have propelled the won to a 23-month high. The won has appreciated by over 12% against the dollar in the past three months. However, the won still faces long-term pressure from continued growth in South Korean personal overseas investment and the resulting increased demand for the US dollar.According to the General Administration of Customs, China imported 6,861.7 tons of rare earths in August, compared with 9,451.3 tons in July.
