Commodities (Crude Oil & Copper) & Macro Outlook

According to CCTV, on July 3, the China Securities Regulatory Commission approved foreign traders to participate in lithium carbonate futures and options trading on the Guangzhou Futures Exchange, effective from 9 a.m. this morning. Lithium carbonate is widely used in power and energy storage

As of 09:30 Beijing time, WTI crude oil futures fell 0.22% and U.S. natural gas futures rose 0.50%.

The Philippines will mark the 10th anniversary of a 2016 arbitral ruling on July 12, which invalidated China's nine-dash line territorial claims in the South China Sea under the United Nations Convention on the Law of the Sea (UNCLOS). The tribunal ruled that China's claims violated UNCLOS

According to discussions held on June 29 in connection with the 10th anniversary of the 2016 arbitral award, China is conducting deep-sea mining operations in the South China Sea, particularly in areas including Bajo de Masinloc and Ayungin Shoal, to extract rare earth elements (REEs). These heavy m

According to Citigroup, Brent crude oil prices are expected to fall to $60–65 per barrel by year-end, as the U.S.–Iran Memorandum of Understanding is likely to remain in effect and eventually formalize into a complete agreement over the coming months. The bank reiterated its recommendation to sell d

The Government of Alberta announced that the design and construction of a new western coast pipeline project will begin no earlier than September 1, 2027.

According to Jin10, Malaysia's crude palm oil futures on the Bursa Malaysia Derivatives exchange are likely to open higher on Friday, July 4, supported by firmer international crude oil prices. International crude oil and Chicago soybean oil futures rose Thursday, with Brent crude advancing

According to BlockBeats, on July 3, Robinhood Crypto, Arbitrum, and Offchain Labs launched Rialto, an on-chain spot trading platform powered by PropAMM (proprietary market maker). The platform will support trading in crypto assets, stocks, ETFs, commodities, and pre-IPO assets with self-custodied

According to Jin10 Futures, precious metals surged overnight as gold futures rose 1.30% to $4,135.50 per ounce and silver climbed 1.54% to $61.44 per ounce. Cooling expectations for U.S. Federal Reserve rate hikes, weak non-farm employment data, and increased central bank gold purchases supported

Sugar futures climbed to their highest level in 10 months on Thursday, driven by concerns that lower-than-normal rainfall in India could reduce sugar production. India is the world's second-largest sugar producer after Brazil. London's most active sugar contract gained 1.4% before paring most of the

According to Longzhong Information, lithium iron phosphate prices surged 19.34% year-to-date and over 80% year-over-year in June 2026, with the monthly average price reaching 61,113.33 yuan per ton. Leading battery material enterprises are operating at full capacity, with premium-grade products

According to Shanghai Securities News, photovoltaic silver paste manufacturers and upstream suppliers have been adopting futures and options trading strategies since 2025 to manage silver price volatility, which has reached historic highs. Silver represents over 90% of production costs in solar

According to real-time pricing data from PJM Interconnection LLC, the spot electricity price in the Dominion region surged to $2,588 per megawatt-hour at 5:45 p.m. ET today.

According to CNBC, Trump reiterated on July 3 that Iran will purchase U.S. agricultural products including corn, wheat, and soybeans as part of a potential peace agreement to end the conflict between the U.S. and Iran. Trump stated the funds should be used for food purchases rather than rebuilding I

Taiwan's Ministry of Economic Affairs rare earth exploration team confirmed in October departure to the United States, targeting Colorado and California. Minister Kung Ming-hsin announced the trip aims to establish local ore quality assessment databases and contact potential mining company

According to Taiwan's Economic Minister Gong Mingxin, the nation's rare earth delegation is set to depart in October to assess rare earth mining resources in California and Colorado. The mission aims to establish a database of local mineral deposits and explore partnerships with mining companies. Ta

According to Jin10 data, crude oil futures rose slightly on July 2. West Texas Intermediate (WTI) crude for August delivery gained 11 cents to close at $68.69 per barrel, up 0.16%, while Brent crude for September delivery advanced 23 cents to $71.80 per barrel, up 0.32%.

British Columbia announced an agreement with the federal government on July 2 to maintain a tanker ban on Canada's northwest coast. The accord also opens the door to Alberta's new crude oil pipeline project, contingent on an alternative route. The pipeline project aims to transport 1 million

According to Jin10 Data, on July 3, sources told energy intelligence reporter Amena Bakr that Saudi Arabia's average daily crude oil and refined product exports are approximately 5.8 million barrels per day, not the 6.3 million barrels per day previously reported. The higher figures included

On Thursday, July 2, the Bloomberg Commodity Price Index edged up 0.04% to 29.5199 points, with the index reaching an intraday high of 29.7725 points before retreating. CBOT corn futures declined 0.34% to $4.4075 per bushel, while soybeans fell 0.22% to $11.4675 per bushel. CBOT wheat futures