We already talked about the super high. It seems like that's already taken a lot of the focus in these oil markets. What's expected today.Yeah, absolutely. Yvonne So I'm standing right in front of the Hopper Palace. You can see it right behind me.That is where the OpEx seminar is set to take place over the next couple of days. We're standing outside. We have asked for accreditation despite multiple requests.We have not heard back from them yet. But this is, as you say, an opportunity to hear from some of th ...

🔥 UPDATE: Bitcoin supply on exchanges has fallen to a new low. https://t.co/5SWak7KCj1 ...

Chinese zinc smelters, which account for over half of global supply, face growing pressure to lower run rates as capacity expansion outpaces demand, according to Beijing Antaike Information https://t.co/TT8Ja6TFTH ...

Investment Rating - The report maintains a positive outlook on the copper market, forecasting a price of $10,050 per ton for LME copper in August, with potential upside risks due to competition between China and the US for copper supplies [4]. Core Insights - China's refined copper demand has increased by 12% year-to-date as of May, driven by strong domestic demand and a significant rise in solar installations and air conditioning sales [1][39]. - The report anticipates a slowdown in China's refined copper demand growth in the second half of 2025, projecting a 6% growth for the year, influenced by lower exports and declining policy support for renewables and home appliances [1]. - The global copper market is tightening, particularly outside the US, due to increased imports from China and record low inventories [4]. Summary by Sections Price Forecasts - The forecast for LME copper is $9,934 per ton as of July 1, 2025, with expectations of reaching $10,000 in the next three months and $10,750 by 2027 [12]. Copper: Supply & Demand Tracker - Global copper mine production is up 2% year-to-date, with a forecast of a 1% year-over-year increase for the full year 2025 [32]. - World refined copper production has increased by 3% year-to-date, with a forecast of a 2% year-over-year increase for 2025 [34]. Copper: Physical Market Indicators - The report indicates that global visible copper stocks are only partially capturing US stockpiling, suggesting a tighter market [13]. Speculative Positioning - Speculative positioning in the copper market is concentrated due to tariff anticipation and tightening fundamentals outside the US [108].

Arabica coffee prices fell to their lowest in seven months as the return of dry weather helps accelerate harvesting in Brazil amid concerns over a weakness in demand. https://t.co/ZMgcnve0Cc ...

Market Dynamics - China's solar panel glass producers are planning deeper output cuts this month [1] - The output cuts are due to weakening demand and a surplus of supply [1] Industry Trends - China's solar panel glass producers rallied following the reports of output cuts [1]

All right, let's take a look at WTI this morning. Crude oil up by about 1% 6577. It's dropped down from the rough roughly $75 level that we saw just a couple of weeks ago when Israel and Iran were firing missiles at each other.Joining us right now is Don Striven. He is Goldman Sachs co-head of global commodities research and it's the um beginning of a new quarter. So, let's look back at what happened last quarter, Don, and just kind of walk through things.WTI was up 7% for the month, but it's down 9% for th ...

Well, decades of expansion in US oil drilling significantly impacted the Trump administration's ability to manage Iranian hostilities. This expansion bolstered US energy independence, shifting the country from being heavily reliant on Middle East oil imports to becoming a major exporter. It's given the US some leverage, but it's not without its geopolitical challenges.Our Washington correspondent Ben Worsko is joining us now to put this history into some context. Ben. Yeah, Josh.So this this as you as you g ...

Joining us now from the strategic for center for strategic and international studies, senior fellow for energy security, Clay Seagull. Was that was that an overstatement, Clay, to say that what we just showed our viewers, which is a bunch of red arrows, each one representing, by the way, a ship, the number of ships in that body of water is probably going to determine the path of oil and natural gas prices. Hey guys, good afternoon.Good to be with you. I think that the illustration that you showed basically ...

Our business is US only. So, uh, it shot up purchases in in April and May. A lot of buyers in the US, I think, that were waiting on purchasing a watch tended to, you know, push in the direction of transacting quicker rather than later, uh, because they're worried about the the tariffs coming into play. And then you know now coming into you know the end of June early July we're seeing a lot of the markets uh the prices are increasing for the first time in a long time because the primary brands are starting t ...