Hong Kong stocks in the non-ferrous metals sector rebounded, with Wanguo Gold (03939.HK) rising over 6%, Luoyang Molybdenum (03993.HK) rising over 5%, and Jiangxi Copper (00358.HK), Minmetals Resources (01208.HK), Zijin Mining (02899.HK), and other s

Energy: 1. Romanian President's Economic Advisor: By 2027, Romania will have the capability to detect and protect Black Sea energy projects. 2. Brazil's National Petroleum Agency: Brazil's oil production reached 4.015 million barrels per day in December, a 17.4% increase year-on-year. Oil production is projected to reach a record 3.77 million barrels per day in 2025, a 12.3% increase year-on-year. 3. Qatar Energy CEO: If European demand for LNG, data centers, and artificial intelligence development go smoothly, there will be a shortage of LNG by 2030, rather than a surplus. 4. Chairman of Libya's National Oil Corporation: By early 2030, we will have gas available for export to Europe. We have plans to increase gas production to nearly 1 trillion standard cubic feet within the next five years. 5. Sources say that daily oil production at Kazakhstan's giant Giz oil field increased from 118,000 barrels on January 31 to 183,000 barrels on February 1, while production at the Tengger oil field is expected to reach 430,000 barrels per day on February 4. 6. Shipping data shows that Venezuelan oil exports rebounded to approximately 800,000 barrels per day in January, driven by trader sales, up from 498,000 barrels per day in December. Trading companies exported approximately 392,000 barrels per day of Venezuelan crude oil and fuel in January. The United States was Venezuela's primary single destination for oil in January, with average daily exports of approximately 284,000 barrels. Metals/Mining: 1. The EU is considering new sanctions on Russian copper and platinum. 2. Trump plans to establish a $12 billion strategic reserve of key minerals. 3. The US will host a ministerial meeting on key minerals on February 4. 4. Market news: Turkey raises minimum price limits for some gold and silver funds. 5. As of press time, New York gold futures broke through $4,900/ounce, up 5.34% on the day. Spot gold has climbed back above $4,900/ounce, fully recovering yesterday's losses, up over 5% on the day. Spot silver is up 9.00% on the day, currently trading at $86.39/ounce.

Federal Reserve Bank of Barkin: Productivity issues are different from those of the 1990s.