Commodities (Crude Oil & Copper) & Macro Outlook

According to a seminar held at South Korea's National Assembly on July 10, Carnegie Endowment researcher Mylo McBride warned that South Korea is at risk of losing its position as the world's second-largest battery producer. In non-China markets, China's share surged to 50% in 2025 from 41% in 2024,

According to Jin10 Futures, Shanghai Futures Exchange pulp warehouse inventory increased by 3,428 tons to 297,216 tons on July 10, compared with the previous trading day. Factory warehouse pulp inventory remained unchanged at 20,000 tons. Other energy and chemical futures contracts, including

According to Jin10, Brazil's executive management committee of the External Trade Board decided on July 9 to extend the 12% crude oil export tax for an additional 60 days, effective July 10. The tax was originally implemented in March as a temporary measure to mitigate the impact of international oi

According to Guru Club, live hog futures main contract prices rose 2% on July 10, trading at 12,445 yuan per ton.

POSCO Group announced that its subsidiary POSCO International signed a business agreement with Newcom, a leading Mongolian energy and infrastructure company, in Ulaanbaatar on the 9th for energy project cooperation. The partnership aims to support Mongolia's energy transition initiatives. Mongolia i

According to Yonhap Infomax, POSCO International signed a memorandum of understanding with Newcom, a leading Mongolian energy and infrastructure company, on July 9 in Ulaanbaatar to collaborate on energy transition projects. The partnership will focus on a staged implementation of

According to South Korea's Ministry of Climate and Energy, the ministry signed agreements with 9 energy companies on July 10 to launch a distribution network energy storage system (ESS) project aimed at resolving renewable energy curtailment and grid connection issues in Honam and Jeju regions.

South Korea's Ministry of Trade, Industry and Energy announced on the 10th that Minister Kim Jung-kwan met with Mongolia's Minister of Industry and Mineral Resources Gungur Damdinyam in Ulaanbaatar to discuss strengthening critical minerals cooperation. The meeting focused on expanding tungsten

According to official announcement, Huobi HTX will host a live stream today (July 10) at 19:00 UTC titled "Oil Price Volatility: Ceasefire Collapse and Iran Tensions—Trading Opportunities Behind the Surge." The event will feature discussions on Middle East escalation, crude oil price movements, and

On July 10, South Korea's Industry Minister Kim Jeong-gwan met with Mongolia's Industry and Mineral Resources Minister in Ulaanbaatar to strengthen critical mineral supply chain cooperation, according to the Ministry of Industry, Trade and Energy. Mongolia supplied 27 tons of tungsten concentrate to

According to The Block, North Carolina enacted legislation on July 7, 2026 when Governor Josh Stein signed Senate Bill 257 as part of the state's 2026 budget bill. The law explicitly recognizes the Commodity Futures Trading Commission's exclusive federal regulatory authority over prediction

According to China's National Energy Administration, the agency issued its Energy Efficiency and Carbon Reduction Action Plan for 2026-2028 on July 10. The plan mandates that the refining industry maintain capacity reduction through balanced replacement and ensure new refineries meet benchmark

According to Jin10, China's National Energy Administration released the Energy Sector Energy Conservation and Carbon Reduction Action Plan (2026-2028) on July 10. The plan targets a 1 percentage point annual increase in non-fossil energy consumption share by 2028 and aims to raise the proportion

According to Jin10, India's ONGC board approved expanding the nation's strategic crude oil reserves by 1.75 million tons on July 10. The expansion will be built at Mangalore in Karnataka state and managed by the Strategic Petroleum Reserves Limited. The project is considered of "national

WTI crude oil rose 1.00% during intraday trading on July 10, reaching $72.48 per barrel.

According to CCTV News, China's Yuanba Gas Field, the world's first ultra-deep high-sulfur bioclastic reef gas field, achieved cumulative natural gas production of 40 billion cubic meters on July 10. The output is delivered to six provinces and two municipalities along the Yangtze River through the

According to Guangda Futures, COMEX July gold futures rose 1.47% overnight, with Shanghai Futures Exchange gold gaining 1.31%. Oil prices fell sharply following reports that Iran rushed to export over 10 million barrels in 24 hours, cooling inflation expectations. U.S. dollar and Treasury yields

According to its pricing document, Qatar Energy set official crude oil selling prices for August at a $5 per barrel discount to Oman/Dubai crude for seaborne shipments and a $4.50 per barrel discount for pipeline-delivered crude.

According to Jin10, China's Yuanba Gas Field reached a cumulative natural gas production milestone of 400 billion cubic meters on July 10. The world's first ultra-deep high-sulfur bioclastic carbonate gas field supplies natural gas to approximately 200 million residents across 6 provinces and 2

According to Mysteel data cited by Guru Club, MMLC battery-grade lithium carbonate morning prices fell 2,250 yuan/ton today (July 10), with the mid-price reported at 155,350 yuan/ton.