ING’s Warren Patterson and Ewa Manthey highlight that Copper has surged above $14,000 per tonne on the LME, driven by tightening physical conditions and strong prompt demand. Falling LME inventories, deeper backwardation, improved speculative positioning and ongoing supply
An India-flagged vessel carrying Saudi oil was hit by a projectile, sinking off Yemen’s coast with all 13 Indian crew rescued. An India-flagged oil tanker, MSV Faize Noore Oliya, sank in the Red Sea after being struck by a projectile near Yemen on August 4, 2026. The vesse
Beijing temporarily lifts export restrictions on oil derivatives to ease global supply pressures through August. China has increased fuel export quotas by 2.7 million tons for August, allowing refiners to ship gasoline, diesel, and jet fuel to markets outside Hong Kong and
China's $1 billion investment collapse threatens relations A $1 billion Chinese investment in Turkey has collapsed, straining relations between the two countries. The partnership between China and Turkey was built on trade, investment, and access to European market
A significant tungsten discovery in the US highlights challenges in reducing reliance on China for critical minerals despite federal investment. The US has identified its largest tungsten deposit, a critical mineral used in electronics and defense, yet faces ongoing hurdle
Washington eyes fishlike nanorobots as a potential alternative to break China’s 80% control over global lithium refining and supply. The US is researching fishlike nanorobots as a potential solution to counter China’s dominance in lithium supply and refining. China current
Iron ore futures in Singapore fell to their lowest intraday level in one year as deteriorating fundamentals continued to weigh on the market. Steel demand in China remains soft amid an ongoing construction slump and weakening mill margins, while supply continues to increas
The U.S. Department of Defense has canceled a tender to buy up to $300 million worth of lithium carbonate for the national strategic stockpile in another blow to the Administration looking to secure critical minerals for the defense and other strategic industries Do
The FTSE 100 energy firm accelerates asset divestments to refocus on core oil and gas operations after biogas underperformance. BP will sell its US biogas business Archaea, acquired for $4.1bn in 2022, as part of a strategic pivot back to oil and gas. The move follows fina
Traffic at the Strait of Hormuz remains at the lowest in more than two months as security concerns have intensified with recent attacks on ships and persistent threats to shipping in the region. After a brief respite between the middle of June and early July, when traffic
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