Commodities (Crude Oil & Copper) & Macro Outlook

CATL subsidiary Yichun Times New Energy Mining received land use pre-approval from Jiangxi Natural Resources Department on June 18 for the Jianxiawo lithium mine project, with the license effective June 17, 2026 and valid until June 17, 2029. The approval follows the mine's shutdown on

China's Ministry of Commerce announced on June 19 that Australian beef imports under its safeguard measures reached 100% of the specified quota on June 18. Effective from 00:00 on June 20, beef imported from Australia will be subject to an additional 55%

According to Gate data, Brent crude oil recovered above $80 per barrel today, posting a 1.24% daily gain.

According to Morgan Stanley, on June 19, the bank's strategists downgraded the European energy sector rating from overweight to neutral amid declining oil prices and normalizing shipping through the Strait of Hormuz. Led by Marina Zavaclock, the research team removed six energy stocks from the bank'

According to Axios, on June 18, U.S. President Trump said his negotiations to reach a memorandum of understanding with Iran were designed to prevent conflict from triggering a global economic recession. Trump warned that continuing airstrikes on Iranian targets would close the Strait of Hormuz,

The US Commodity Futures Trading Commission (CFTC) announced on Thursday a permanent ban against Celsius Network founder Alex Mashinsky, prohibiting him from trading commodities, futures, and derivatives in the United States and from registering with the regulator. According to the court-approved co

WTI crude oil rose over 1% during intraday trading today, reaching $76.18 per barrel.

According to CME data on June 18, energy and precious metals futures posted divergent trading activity. Precious metals showed trading volume pullback but increased open interest, with gold and silver both declining in volume while copper saw deeper volume contraction. Meanwhile, WTI crude oil,

According to overseas media, the first LNG tanker sailed through the Strait of Hormuz on June 19 following the recent escalation of regional tensions. The passage signals a tentative shift in energy supply dynamics amid ongoing military operations in the Middle East. Separately, Switzerland's

According to Guru Club, WTI crude futures broke through $76 per barrel on June 19, up 0.32% intraday.

According to Jin10 Futures, on Friday (June 19), LME three-month copper fell 0.54% amid expectations of sustained higher U.S. interest rates. Nearly half of Federal Reserve policymakers now believe the U.S. requires rate hikes this year, which could dampen demand for growth-dependent industrial

According to Reuters, on June 18, CME Group filed a lawsuit against the U.S. Commodity Futures Trading Commission (CFTC) and Chair Michael Selig, challenging the agency's approval of Bitcoin perpetual futures from Kalshi and Coinbase. CME argued that these products should be classified as swap

Abu Dhabi National Oil Company announced that crude oil can be supplied through a loading plan starting from April 27.

According to Investinglive analyst Eamonn Sheridan per Jin10, U.S.-Iran nuclear talks face an early setback on June 19, with the first negotiating meeting not yet scheduled despite the 60-day countdown in the memorandum of understanding already underway. The cancellation of Vance's planned visit

According to Bank of Japan Deputy Governor Ryozo Himino, producer prices in April rose at a faster pace than expected due to rising oil prices.

Bank of Japan Deputy Governor Ryozo Himino stated that the central bank intends to provide a more comprehensive analysis of oil's impact on inflation when updating its quarterly forecasts in July.

According to Bank of Japan Deputy Governor Ryozo Himeno, rising fuel costs could increase their impact on consumer prices this summer. The remarks highlight the central bank's monitoring of inflation pressures amid seasonal energy demand

According to Jin10 Futures, due to the U.S. Juneteenth holiday on June 19, CBOT agricultural futures, ICE sugar and cotton futures will be closed on June 20. CME precious metals, energy, forex, equity index, and U.S. Treasury futures contracts will end trading early at 01:00 Beijing time on June 20,

According to CME's filing in U.S. District Court for the District of Columbia on June 19, Chicago Mercantile Exchange Group has sued the U.S. Commodity Futures Trading Commission and its Chair Michael Selig over the regulator's approval of crypto perpetual futures. The lawsuit was triggered by

According to Jin10, on June 19, U.S. and Chinese stock markets close for the day due to the Dragon Boat Festival coinciding with Juneteenth. The CME (Chicago Mercantile Exchange) halted trading in precious metals, energy, forex, equity index, and U.S. Treasury futures contracts at 1:00 AM Beijing ti