Bessent: The US-China relationship has reached a stable but competitive point

US Treasury Secretary Scott Bessent told a Capitol Hill hearing on Tuesday that the US can have a very productive relationship with China. He said the US-China relationship is in a very comfortable place and that competition helps avoid stagnation. He said the Trump administration sees a good partnership with Venezuela. He said this would eventually lead to ...

Copper prices were little change on Wednesday, as demand slowed ahead of China’s nine-day Lunar New Year break. The most-active copper on the Shanghai Futures Exchange dipped 0.10% to 101,760 yuan ($14,721.58) a metric ton as of 0320 GMT. The benchmark three-month copper on the London Metal Exchange was unchanged at $13,108 a ton. Demand from downstream ...

Iron ore futures extended their gains on Wednesday after the central bank in top consumer China pledged financial support to boost domestic demand, exemplified by lower-than-expected consumption data. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) was up 0.26% at 765 yuan ($110.63) a metric ton, as of 0234 GMT. The ...