Commodities (Crude Oil & Copper) & Macro Outlook

According to Bloomberg, Emirates Global Aluminium (EGA) is investing $400 million to repair its main smelter and restore production to pre-conflict levels by the first quarter of 2027, following an Iranian attack in March that halted output. EGA, the Middle East's largest aluminum producer, said it

China's major futures contracts closed higher on August 12 morning session, with gains outweighing losses. Polysilicon led gains with a rise exceeding 4%, followed by fuel oil up over 3%, lithium carbonate and European container routes up nearly 3%, low-sulfur fuel oil, synthetic rubber, and

Arafura Rare Earths launched the Nolans Project in July in Australia's Northern Territory, establishing an integrated rare earth mining, separation, and refining operation. The project aims to supply rare earth materials to the United States, Europe, and Asia, challenging China's dominance in the

According to Newtalk News and Japan Economy Newspaper, Australia launched the Nolans Project in July 2026 to establish an integrated rare earth supply chain from mining to refining, aiming to provide alternatives to Chinese-dominated markets. The project, operated by Arafura Rare Earths in Australia

According to Science and Technology Innovation Board Daily, server DDR5 memory prices surged 15% to 23% in August as original manufacturers raised prices further entering the third quarter. The 32GB, 64GB, and 96GB DDR5 RDIMM modules reached $900, $1,590, and $2,650 respectively, reflecting the

Shipping traffic through the Strait of Hormuz has fallen to one-week lows amid ongoing hostilities in the region.

According to industry sources, eight leading Chinese polysilicon manufacturers representing over 90% of domestic capacity signed a "price stabilization" pledge on August 12, committing to maintain selling prices above production costs. Current spot pricing has halted, with some companies planning to

According to CME data on August 11, gold, WTI crude oil, and Brent crude oil all showed increases in both trading volume and open interest. Gold trading volume rose by 20,569 contracts and open interest increased by 407 contracts; WTI crude oil volume surged 52,173 contracts with open interest

According to Zhonglian Jin Information Network, sulfur prices in Shandong showed mixed movement today (August 12). Xintai Petrochemical liquid sulfur was quoted at 8,705 yuan/ton, up 100 yuan/ton; Dongming Petrochemical liquid sulfur at 8,830 yuan/ton, up 30 yuan/ton, with solid sulfur at 9,400 yuan

According to CNBC, CME Group will introduce futures contracts on October 5 that track the rental prices of NVIDIA H100 and Blackwell B200 graphics processing units. The move marks the first time GPU computing power will be traded as a commodity in a derivatives market similar to oil futures.

According to Jin10 on August 12, the U.S. government has sold the Bella 1, a Venezuela-linked oil tanker that was seized by the U.S. Coast Guard in the Atlantic in January. The vessel, part of what analysts call a "shadow fleet" used to evade sanctions, will now be scrapped. The Bella 1 had

According to ENEOS, a 128,000-barrel-per-day crude distillation unit at the Marifu oil refinery was unexpectedly shut down on August 7.

According to More Perfect US, the U.S. Strategic Petroleum Reserve has fallen below 300 million barrels for the first time since its establishment.

According to Prime Minister Takayibana Sanae, Canadian crude oil arrived in Japan today (Aug 12), marking the first shipment since the Middle East situation deteriorated.

Japan Research Institute's Emerging Strategy Center producer Momiyama Takashi recently proposed strengthening lithium battery recycling from used vehicles to build a rare earth supply network less dependent on China. The proposal responds to China's recent tightening of rare earth export controls, w

According to China General Nuclear Power Group (CGN New Energy), in July 2026, the group completed 1,635.6GWh of electricity generation, down 5.5% year-on-year on a consolidated basis. Wind power output in China declined 11.3%, solar projects fell 1.2%, gas-fired projects decreased 36.3%,

U.S. crude oil prices jumped above $84 per barrel today (August 12), rising $1.09 to settle at $84.29/bbl.

According to U.S. Central Command, American forces disabled the steering gear of Panama-flagged M/V Vela Nova on Aug. 11 after the cargo vessel attempted to breach the U.S. blockade of Iranian ports. A U.S. Navy helicopter subsequently fired two Hellfire missiles into the ship's engine room

According to Kpler (a shipping data firm), Russia received its first shipment of gasoline from India on August 5, marking an unprecedented supply route for the country. The shipment arrived following Ukrainian strikes on Russian refineries that have caused significant domestic fuel shortages. Kpler

According to Barron's, U.S. 10-year Treasury yields surged to 4.73% on Tuesday, approaching 18-month highs, while 30-year yields climbed to 5.275%, near pre-2008 crisis levels. Brent crude oil broke above $90 per barrel, marking its highest level since end-July, driven by heightened tensions in