Commodities (Crude Oil & Copper) & Macro Outlook

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

According to Jin10, as of July 10, 8:30 AM UTC, spot silver and Brent crude oil were among the most volatile commodities in overnight trading, with international price swings expected to be reflected in domestic futures

US stock markets rose on July 9 (local time), with the Dow Jones Industrial Average gaining 0.27%, the S&P 500 rising 0.81%, and the Nasdaq Composite climbing 1.3%. Bargain buying emerged amid expectations that the US-Iran military engagement would be short-lived, while Micron Technology's

According to CITIC Securities and SMM data, rare earth production dropped 6% in June, with recycled praseodymium-neodymium oxide declining to 37% of total output from 44% in May. On the supply side, tightening waste availability and lower refinery utilization rates constrain near-term output

According to Jin10 Futures, on July 10, crude oil prices declined amid easing geopolitical tensions, weakening cost support for the PX market.

According to CFTC announcement reported by PANews on July 10, the U.S. Commodity Futures Trading Commission (CFTC) halted the Chicago Mercantile Exchange (CME) crude oil futures 24/7 trading contracts originally scheduled to launch as early as July 11. The CFTC stated it is exercising its

According to Jin10 Futures, on July 10, crude oil prices reversed from gains to decline overnight, with fuel oil market trading activity remaining cautious as downstream demand confidence weakened. Part of fuel oil products faced oversupply conditions, with refineries under pressure on shipments.

According to The Block on July 10, the White House sent a letter to Senate leadership rebuting Democratic criticism over the Trump administration's failure to appoint CFTC commissioners. The CFTC currently has only one commissioner in office—Republican chair Michael Selig—out of five authorized

Japan's domestic corporate goods price index rose 7.1% year-over-year in June, exceeding the expected 6.8% and up from 6.3% in the prior month.