TOP STORY:Fed's Powell Says Interest-Rate Pause Is Expected to Be TemporaryFederal Reserve Chairman Jerome Powell said the central bank was likely to raise interest rates in the coming months but more slowly than previously. MARKET TALKS:Crude Palm Oil Prices Weaken, Tracking Soybean Oil1003 GMT - Crude palm oil prices fell, tracking weaker soybean oil prices on the Chicago Board of Trade, says a Kuala Lumpur-based trader. Lithium demand for EVs alone will grow 20% on average annually over 2023-e32, versus lagging supply growth of just 6%, it says. These factors suggest limited upside to BMI's forecasts for China lithium production, regardless of global price or supply pressures. "Gold prices have been underpinned by strong physical demand in China," ANZ Research writes.

Source: Wall Street Journal June 22, 2023 11:10 UTC