Commodities (Crude Oil & Copper) & Macro Outlook

According to London Metal Exchange data, three-month copper futures prices reached $14,215.50 per ton on August 21, climbing 3.08% this month and approaching January's record high of $14,527.50 per ton. The surge stems from structural supply-demand imbalances driven by rapidly growing copper

According to Jin10, on August 22, Canadian Prime Minister Justin Trudeau announced that Canada will implement retaliatory tariffs equivalent to U.S. duties on $20 billion in Canadian goods, effective September 8. The move comes in response to the U.S. imposing 50% tariffs on the same value of Canadi

According to MarketWatch, U.S. long-term Treasury yields climbed to fresh highs on Thursday, with the 10-year yield rising to 4.69% and the 30-year yield breaking above 5%, despite the Treasury Department's announcement of expanded debt buyback operations earlier in the week. Brent crude oil

According to Iran's Supreme National Security Council secretary, the country exported 70 million barrels of oil over the past one to two months.

According to Korea Investment Securities analyst Choi Go-un, South Korean airlines' Q2 2026 earnings outperformed expectations despite the U.S.-Iran conflict driving crude oil prices higher. Combined industry fuel costs rose 1.6 trillion won year-over-year, yet operating profit declined only 600

Copper prices on the London Metal Exchange (LME) reached $14,215.50 per ton for 3-month futures on the 21st (local time), rising 3.08% this month and approaching the January peak of $14,527.50 per ton. The price surge stems from supply disruption concerns in major producing regions coinciding with a

According to the Korea Exchange, copper futures prices on the London Metal Exchange reached $14,215.50 per ton on August 21, gaining 3.08% this month and approaching the year's peak of $14,527.50. Rising demand from artificial intelligence data centers and power grid expansion is driving prices

According to Guru Club, Iraq requested on August 22 that Iran grant special passage permits for Iraqi oil tankers to transit the Strait of Hormuz. The request was made during Iranian Parliament Speaker Kalibaev's visit to Baghdad, where he met with Iraqi Prime Minister Zayidi, President Amidi, and

According to state media citing China National Petroleum Corporation, Horgos compressor station, the entry point of the West-to-East Gas Pipeline Projects II and III, reached a cumulative 600 billion cubic meters of natural gas output today (August 23). Operating as a key hub under the Belt and

According to ChainCatcher, Iran's top national security official stated on August 23 that Tehran will not yield to U.S. economic pressure. The Strait of Hormuz will remain closed until Washington fulfills its

According to China National Pipeline Group, Horgos compression station, the first station of West-to-East Gas Pipeline II and III, surpassed 6,000 billion cubic meters of cumulative natural gas deliveries on August 22. The facility, which handles gas from Central Asia and coal-to-gas production,

According to Jin10 data, nearly 200 vessels transited the Strait of Hormuz last week, up from 150 in the preceding week and approximately 40 two weeks prior. Data from maritime intelligence firm Kpler shows that over 80% of liquid cargo transported through the strait in the past two weeks either

According to Korea Exchange, cosmetics-focused ETFs significantly outperformed the broader market between August 3-21. The SOL Cosmetics TOP3 Plus ETF, which holds stakes in Korean beauty manufacturers, rose 30.09%, ranking fourth among all domestic listed ETFs. This contrasted sharply with the

U.S. Trade Representative Grier recently proposed reducing tariffs on most Canadian steel products to 25%, while cutting aluminum tariffs from 50% to 25%.

On August 22, Canadian Prime Minister Stephen Harper announced retaliatory tariffs set to take effect on September 8, in response to U.S. tariffs of 50% on $200 billion worth of Canadian goods. The countermeasures will cover dairy, steel, appliances, pulp and paper, and electronics

Ray Dalio, founder of Bridgewater Associates, warned that the rapid increase in US debt poses growing risks for investors and recommended increasing allocations to gold and Bitcoin. According to Dalio, recent movements in the US Treasury bond market indicate the long-term Big Debt Cycle has

According to Jin10, Iran's Supreme National Security Council Secretary Rezaei stated on Aug 22 that any country participating in economic restrictions against Iran will be considered an enemy. Rezaei said Iran has learned to circumvent sanctions and continues to sell oil despite months of U.S.

According to Jin10, on August 23, Iran's top security official Rezaei warned Gulf states against joining U.S. economic sanctions, threatening to disrupt oil exports through the Persian Gulf and Strait of Hormuz if they comply. Rezaei claimed that U.S. President Trump launched the economic war agains

According to Nikkei, Japan's state-owned export credit agency NEXI will sign an insurance agreement on Monday (August 25) with the Inter-American Development Bank (IDB) to cover infrastructure loans provided to Brazil's Espírito Santo state. The contract marks NEXI's first time providing loan insura

Canadian Prime Minister Mark Carney announced on local time that Canada will impose retaliatory tariffs against the United States starting September 8, responding to US tariffs of 50% on $20 billion worth of Canadian products taking effect the same date. Carney stated Canada will match the US