US President Trump stated explicitly that he would dismiss Fed Chairman Powell if Powell remained in his position after his term expired. Meanwhile, Trump also said he had no intention of ending the investigation into Powell. Currently, Trump's nominated successor, Warsh, has not yet been confirmed by the Senate, suggesting that during the transition period, Powell may continue to fulfill his duties in the capacity of "interim chairman."

The gold price set a technical signal last week while providing fresh fuel for the debate over its future direction.

Strikes on Middle East 'LNG' infrastructure are affecting long-term 'PPAs' and battery energy storage system ('BESS') economics, according to Swiss firm Pexapark. Lead analyst Nicolas Briet noted that supply risks from Qatar have tightened European fundamentals, visibly impacting 'PPA' valuations. A 10-year solar pay-as-produced 'PPA' in the UK saw a 19% fair value increase. Despite improved economics, 'PPA' transactions may remain slow due to buyer caution and rising equipment costs linked to higher energy prices. Conversely, 'BESS' is directly benefiting from increased intraday volatility and wider price spreads. Pexapark also reported 30 new 'PPA' deals in February 2026, the highest monthly volume since February 2024.

We all know the relationship between Gold and US Dollars in the financial markets. When the USD rises, gold tends to fall and vice versa. It sounds simple to you, right? But understanding why this happens, and how to actually trade it like a pro trader, takes more than knowing that the pattern exists.

California-based Swift Solar has acquired the core manufacturing assets and heterojunction patent portfolio from Swiss firm Meyer Burger. The deal, which includes the transfer of Meyer Burger's specialized engineering team and executive leadership, aims to establish gigawatt-scale silicon-perovskite tandem cell production in the US. By stacking its proprietary perovskite technology onto Meyer Burger's high-efficiency HJT base layer, Swift Solar plans to surpass conventional silicon's 30% efficiency limit, potentially delivering up to 40% more power from the same physical footprint. This vertically integrated approach aligns directly with US policy goals for domestic supply chain security, offering a viable path to onshore cell manufacturing that has historically been concentrated in Asia.

CME lowered margin requirements for precious metals futures on March 6, cutting silver margins from 18% to 14% and gold margins from 9% to 7%, BlockBeats reports.

Gold and silver prices soared to unprecedented levels as President Donald Trump’s escalating push to acquire Greenland sparked fears of a damaging trade war between the United States and Europe.

[SMM Aluminum Express News] Finance Minister Purbaya Yudhi Sadewa has warned that the Directorate General of Customs and Excise faces being frozen due to unsatisfactory performance, citing issues like inadequate oversight at Morowali airport and 250 tons of illegal rice imports in Sabang. Minister Purbaya stated he has held internal meetings to address the institution's poor public and governmental image. He has requested one year from President Prabowo Subianto to execute reforms, stressing the serious threat to the agency and its 16,000 employees. He also revealed the government is considering transferring customs operations to the Swiss firm Societe Generale de Surveilance (SGS)

【SMM Stainless Steel Market】Swiss company Panatere has inaugurated the world's first two solar furnaces designed specifically to melt and recycle stainless steel scrap using concentrated solar energy. Located in La Chaux-de-Fonds, the pilot systems target high-quality offcuts from local watchmaking and medical industries. By using heliostats and concentrators to reach temperatures up to 2000°C , the process melts steel without fossil fuels, aiming for a CO2 emissions reduction of over 165 times compared to conventional recycling. Panatere plans a full-scale factory producing up to 1,000 tons annually by 2028, promoting circularity and green energy in high-value manufacturing.

SMM Nickel Market Update on September 9: Macro News: (1) MIIT: From 2020 to 2024, China's total industrial added value increased from 31.3 trillion yuan to 40.5 trillion yuan, while manufacturing added value rose from 26.6 trillion yuan to 33.6 trillion yuan. During the entire 14th Five-Year Plan period, the incremental manufacturing added value is projected to reach 8 trillion yuan, contributing over 30% to global manufacturing growth. The manufacturing sector's added value accounts for nearly 30% of the global total, maintaining its position as the world's largest for 15 consecutive years. (2) The People's Bank of China renewed bilateral local currency swap agreements with the European Central Bank, Swiss National Bank, and Hungarian National Bank. The China-EU swap arrangement stands at 350 billion yuan/45 billion euros (valid for three years), the China-Switzerland swap at 150 billion yuan/17 billion Swiss francs (valid for five years), and the China-Hungary swap at 40 billion yuan/1.9 trillion Hungarian forints (valid for five years). Spot Market: On September 9, SMM #1 refined nickel prices ranged between 120,600-123,200 yuan/mt, averaging 121,900 yuan/mt, down 600 yuan/mt from the previous trading day. Jinchuan #1 refined nickel spot premiums quoted between 2,100-2,300 yuan/mt, averaging 2,200 yuan/mt, up 50 yuan/mt day-on-day. Domestic mainstream electrodeposited nickel spot premiums/discounts fluctuated between -100-200 yuan/mt. Futures Market: The most-traded SHFE nickel contract (2510) moved in the doldrums during the night session, closing at 120,860 yuan/mt, down 650 yuan/mt (0.53%). After opening lower on the morning of the 9th, it briefly rebounded before settling at 120,790 yuan/mt by midday, down 0.59%. US non-farm payrolls added merely 22,000 jobs in August, significantly below market expectations of 75,000, with unemployment rising to 4.3%. Market expectations for a US Fed interest rate cut strengthened substantially, with liquidity easing prospects supporting nonferrous metal prices including nickel. However, persistent LME nickel inventory growth to 217,000 mt fundamentally caps price rebound potential. Short-term nickel prices may stage a limited rebound, with SHFE nickel expected to trade within 121,000-125,000 yuan/mt. Market focus remains on upcoming US CPI data this week—further inflationary pullback could reinforce rate cut expectations and boost nickel prices.