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China Economy 2 February 2026 - 8 February 2026

Gold price near $5,000: China keeps buying as CME margin hikes raise the stakes

Gold price near $5,000: China keeps buying as CME margin hikes raise the stakes

China’s central bank kept up its gold-buying streak for a 15th month in January, bringing reserves to 74.19 million fine troy ounces, worth $369.58 billion, according to official data out Saturday. The yellow metal last traded near $4,960 an ounce—after a wild spike to almost $5,600 in January, then a sharp drop to $4,403.24 on Monday. Despite a 3.75% dip in China’s gold consumption for 2025, down to 950 metric tons, the China Gold Association said purchases of bars and coins soared 35.14%, accounting for over half of demand.
7 February 2026
Lithium price tumbles in China as futures hit limit — what it means for Albemarle, SQM and the week ahead

Lithium price tumbles in China as futures hit limit — what it means for Albemarle, SQM and the week ahead

China’s benchmark lithium carbonate prices plunged on Thursday, with the SMM battery-grade index sliding 5.4% to 141,706 yuan per metric ton from Wednesday. The most-traded lithium carbonate futures contract hit its daily limit down — the maximum allowed drop in one session — before bouncing back. Spot sellers stayed cautious, while buyers took advantage of the dips, SMM reported.
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