Indonesia's New Export Rules, Russia-China Strengthen Ties, Europe's Smelters Under Pressure

1. The Indonesian government has issued a new regulation, effective June 1st, requiring 100% of export earnings from natural resources to be stored in domestic banks to stabilize the Rupiah and combat under-invoicing.
2. Russia and China are strengthening their strategic partnership through new military and energy agreements, jointly calling for a multi-polar world order.
3. The CEO of Trafigura warns that European smelters need "life support" and long-term price protection due to high energy costs, threatening the supply of metals critical for the defense industry.