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  Gold Remains in Demand: World Gold Council Sees New Central Banks on the Buyer Side in 2026

  Gold is likely to continue playing an important role in central banks’ reserve portfolios in 2026. According to the World Gold Council, indications suggest that not only will already active central banks remain present in the market, but new buyers may also emerge.

• Gold has been pummeled. 3 reasons why it may rebound

  It could be time to invest for gains in the beaten-up gold (GC=F) market. "This makes for, we think, a reasonable entry point," Barclays strategist Ajay Rajadhyaksha said in a note on Thursday. The buy-the-dip trade reflects a few factors that investors may be forgetting, Rajadhyaksha argued.

• [Live] 2026 Panoramic Outlook for the Magnesium Industry, Reshaping the Value of Magnesium from a Global Perspective, Sharing Frontier Technologies in Magnesium Alloys

  ►New Advances in Magnesium Materials and Processes ►Development and Application of New-Type Low-Cost, High-Strength, Corrosion-Resistant Magnesium Alloys ►Stainless Magnesium Technology: R&D Progress from Alloy Materials to Semi-Solid Processes, R&D and Application of Stainless Magnesium Alloys ►Hefei • Great “Magnesium” Chaohu — Building a First-Class Magnesium Industry Ecosystem in China ►R&D Progress and Current Industrialisation Status of Magnesium-Based Materials and Products at Baowu Magnesium ►Haitian Magnesium Alloy Injection Molding Technology and Market Outlook ►Magnesium from an International Perspective: The Transformation from a Cost-Driven Bulk Commodity to a Strategic Engineering Material ►: Focusing on the New Cycle of Supply and Demand for Magnesium Metal and Downstream Applications — Outlook for the Magnesium Market in 2026

• Month-End Trading in the Spot Market Was Muted on Both Sides, and Suppliers Found It Difficult to Attract Buying Interest Even After Cutting Prices [SMM Shanghai Spot Copper]

  [SMM Shanghai Spot Copper] Looking ahead to tomorrow, the Shanghai spot copper market is expected to remain in the doldrums. Demand side, as it is currently month-end, most downstream enterprises have basically completed their monthly procurement plans, with limited new purchasing demand remaining, and the rest mainly focused on picking up goods under long-term contracts. Therefore, there were fewer inquiries during the day and transactions were sluggish. However, on Wednesday this week, as a new monthly procurement cycle begins, coupled with stockpiling demand ahead of the Qingming Festival, downstream buyers with cargo are expected to see some increase in purchasing demand, which may provide temporary support to spot premiums at that time. Supply side, imported cargoes have continued to arrive recently, and the destocking speed of social inventory in Shanghai has slowed down, with overall circulating supply remaining relatively ample, putting some pressure on the room for discount recovery. Overall, spot prices against the SHFE copper 2604 contract are expected to remain at current levels tomorrow, and after mid-week, attention should be paid to whether increased downstream purchasing can drive a slight narrowing of discounts.

• [SMM Analysis] The Copper Smelting Faces Extreme TC Tests, with Sulfuric Acid and Geopolitics Becoming Key Variables