Commodities (Crude Oil & Copper) & Macro Outlook

Abu Dhabi National Oil Company (ADNOC) aims to restore 80% of its production capacity by the end of 2026, with full recovery expected in 2027.

Japan's Economy Minister Akasawa Ryo and U.S. Treasury Secretary Bessent discussed energy and critical mineral issues on Tuesday.

The China Containerized Freight Index (Europe Route) main contract rose over 2.00% intraday today, reaching 2,495.0 points.

According to U.S. Customs and Border Protection, the first batch of illegal tariff refunds will begin distribution on May 12, with some American enterprises receiving reimbursements. The refunds cover tariffs previously collected but later ruled unlawful by the U.S. Supreme Court. Over 330,000

According to Shanghai Metals Market, MMLC battery-grade lithium carbonate (morning session) was quoted at 195,650 yuan/ton on May 12, up 250 yuan/ton from the previous day's 16:30 price.

LPG futures contracts jumped 6.00% intraday on May 12, reaching 6,074 yuan per ton.

According to Jinshi Futures, at 09:30 Beijing time on May 12, WTI crude oil futures rose 0.74%, while U.S. natural gas futures rose 0.24%.