Commodities (Crude Oil & Copper) & Macro Outlook

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.

U.S. stock futures retreated late Thursday night after benchmark indexes closed higher on July 9, reversing course as gains in chip stocks faded. Nasdaq 100 futures fell 0.36%, S&P 500 futures declined 0.14%, and Dow futures were down 0.04% by 9:10 PM EDT. The overnight decline came despite Thursda

Japanese Prime Minister Sanae Takaichi declared in February that Japan will become a country that never lacks rare earth elements, elevating the issue to national security priority. The statement follows a government-led

According to Fount Media on July 10, Japan's government and industry launched a comprehensive strategy to reduce critical dependence on Chinese rare earth supplies, with officials including Tokyo officials stating the country will become a nation that "never lacks rare earth elements." This

According to Fount Media, the Pentagon invested $400 million in MP Materials on July 10, 2026, acquiring a 15% stake and becoming the company's largest shareholder. Under the Defense Production Act, the Department of Defense guarantees a floor price of $110 per kilogram for praseodymium-neodymium

According to Daiwa Securities economist Suzuki Yutaro, Japan's corporate goods prices rose 7.1% year-over-year in June, as announced by the Bank of Japan on July 10. Suzuki forecasts that producer prices will exceed 5% year-over-year gains, with crude oil and petroleum product prices expected to

Bitcoin (BTC) lacks momentum for a rebound, currently around $63,160 as of July 10. The prediction market platform Polymarket is seeking US regulatory approval to offer margin trading, allowing users to participate with less upfront capital. According to CoinDesk, citing informed sources, the unified version of the US CLARITY Act may be announced as early as next week. Macro Events & Crypto Hotspots According to CoinDesk, sources reveal that the unified version of the US CLARITY Act may be annou

KB Kookmin Bank limited mortgage loans to 300 million won and Shinhan Bank suspended new MCG and MCI product enrollments from July 10, effectively reducing loan limits by 50 million won, following a June surge in household loans. In June, bank household loans increased by 7.6 trillion won,

Korean stocks experienced sharp volatility as the KOSPI fell nearly 20% from recent highs, with individual investors net selling 1.2673 trillion won in a single session. The selloff was driven by growing doubts about AI infrastructure investment sustainability and semiconductor earnings growth,

According to Guru Club, on July 10, Chinese commodity futures declined in early morning trading. SC crude oil dropped over 3%, coking coal fell nearly 3%, and pure benzene and coke declined over 2%. On the upside, Shanghai silver rose over 3%, wood pulp and Shanghai tin gained over 2%.

According to Taiwan's Ministry of Finance, Taiwan's exports rose 40.3% year-on-year to US$74.83 billion in June, extending export growth to 32 consecutive months. Information, communications, and audio-video products shipments surged 72.3% to US$33.92 billion, while electronic component exports,

According to Jin10 Futures citing Longzhong Info, China's organic silicon DMC industry reported a weekly average capacity utilization rate of 61.79% for the week ending July 9, unchanged from the previous week. Weekly output among 13 sample enterprises stood at 40,700 tons, remaining stable

Bitcoin (BTC) rebounded to $63,000 on July 10, but the bulls then showed weakness. US May PCE inflation came in at 4.1%, and the Kalshi prediction market puts the probability of rate hikes within the year at 54%. As tensions between the US and Iran escalate, the US military has attacked 90 targets inside Iran, and navigation through the Strait of Hormuz is again under threat. US-Iran Conflict Escalates: US Attacks 90 Targets, Iran Strikes Back Across the Four Countries in the Persian Gulf Accord