China's National Development and Reform Commission (NDRC) announced a reduction in retail fuel prices effective August 27, 2025. Gasoline prices will be cut by 180 yuan per tonne, and diesel prices by 175 yuan per tonne. This adjustment follows the current refined oil pricing mechanism and is based on a comparison of average prices over the previous 10 working days. Meanwhile, commodity futures in China showed mixed performance on August 27, with crude oil futures falling 2.3%, coking coal down 2.1%, and silicon decreasing 1.3%. Lithium carbonate prices rose by 1.2%, nickel increased 1.2%, aluminum and tin gained 0.75%, and gold and zinc edged up 0.3%. Copper and silver prices declined slightly by 0.1%, while steel rebar futures dropped 0.3%. In related market developments, uranium prices surged 19% on August 26, reaching their highest level since early July. Rare earth prices also hit a two-year peak following MP Materials' halt of shipments to China. Additionally, China's crackdown has contributed to rising lithium prices, although oversupply concerns remain. Zijin Mining noted that lithium capacity oversupply is unlikely to improve in the near term, while the zinc market faces uncertainties due to trade tensions and policy issues. Tariffs and low inventory levels may increase volatility in the copper market during the second half of the year.