The A-share minor metals sector fluctuated and rose in the afternoon, with Ganfeng Lithium and Dazhong Mining rising rapidly by more than 9%. Yunnan Germanium had previously hit the daily limit, while Tianhua New Energy, Rongbai Technology, Dangsheng Mining, and Guocheng Mining followed suit and fell.

The lithium mining sector fluctuated higher in the afternoon, with Ganfeng Lithium hitting the daily limit, Yongxing Materials rising by more than 8%, and Tianqi Lithium, Tibet Mineral Development and Shengxin Lithium Energy following suit.

[Kuwait National Oil Company Refinery Attacked by Drones for Second Consecutive Day] Kuwait National Oil Company (GNPCO) announced on the morning of March 20th that its refinery in Port Al-Ahmadi, eastern Kuwait, was attacked by drones in the early hours of the day, causing fires in some facilities. No casualties have been reported so far. This is the second consecutive day that the Port Al-Ahmadi refinery has been attacked by drones. On the morning of March 19th, the refinery caught fire due to a drone attack, and the relevant refining facilities were subsequently shut down. The fire was extinguished later that day. Kuwait National Oil Company did not specify the origin of the drones. (CCTV)

JPMorgan: In terms of timing, parties tend to wait for the latest forecasts to be released at the June meeting, but if the April meeting confirms the March baseline, it would be sufficient to trigger a rate hike. We assume a similar scenario for a second rate hike: new forecasts released in June, followed by confirmation of the new baseline, and a rate hike in July. We also believe that once the risks of a second round of impacts have passed, the ECB has reason to reverse its tightening monetary policy. Currently, we tentatively anticipate only one rate cut in the second half of 2027.

After studying a Pentagon report, Sputnik News Agency found that a U.S. Army unit that had completed its rotation in Europe reported in 2023 that all 117 Bradley infantry fighting vehicles were in good working order, but in reality, none of them were combat-ready.

The concept of space photovoltaics continued to rise, with Junda Co., Ltd. hitting the daily limit, Jiejia Weichuang Co., Ltd. touching the 20cm daily limit, and Maiwei Co., Ltd., Laplace, Liancheng CNC, Jinko Solar and Autowell all rising by more than 10%.