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Golden Ten Data reported on June 29 that mining company Greenland Resources announced on Monday that the Canadian government has provided 7 million Canadian dollars (approximately 4.93 million US dollars) in non-repayable funding for one of its molybdenum mining projects. Molybdenum is a key metal widely used in the aerospace, energy, and defense sectors, and has been jointly listed as a critical mineral by the European Union and the United States. Greenland Resources stated that Canada is the first G7 government to invest in a mining project in Greenland. Previously, former US President Trump’s attempt to gain control over Greenland was rejected by the Danish and Greenland governments, but it sparked strong interest from Western countries in the island’s rich mineral resources.

Golden Ten Data reported on June 29 that institutions expect the reduction in production capacity in June to continue accelerating. This expectation is mainly based on two aspects: first, the pig breeding sector continues to incur heavy losses. Since May, after a rebound in pig prices, they have reverted to a pattern of sustained, volatile declines. Since June, both self-breeding/self-raising and the raising of externally purchased piglets have experienced losses exceeding 300 yuan per head. Second, regarding piglet prices: according to Steel Union data, the price of a 7-kilogram piglet gradually stopped rising and started to fall at the end of May, and by mid-June had dropped again below 200 yuan, indicating that the sow-to-piglet segment has also entered a state of loss. The market holds significant confidence in the reduction of production capacity and the subsequent improvement in future supply and demand. Besides the economic principle that low prices stimulate demand, there are also policy-related factors. In June, policies aiming to curb "internal competition" in the pig farming sector have moved into the implementation phase, with mandatory targets already issued and the "Four Leadership" initiative put forward. The impact of these policies is expected to gradually become evident in the future.

Thomas Mathews of Capital Economics stated that the rally in US Treasuries will lose momentum, while German government bonds may rise. Thomas Mathews believes that the recent strengthening of the labor market, with a strong June employment report expected later this week, means the labor market will not be a reason to delay tightening.