A niche copper trade is now tracking White House policy The price gap between US copper futures and London prices is turning into a real-time measure of tariff expectations. The COMEX-LME spread has traditionally been used by traders, producers and

Gold’s rebound just hit an important technical level Gold’s monthlong rally has brought prices back to one of the most closely watched levels on the chart. The metal closed Wednesday at $4,363 per ounce, below its 200-day moving average of

Iran puts conditions on reopening Hormuz Oil prices moved higher Tuesday after a senior Iranian security official said the Strait of Hormuz will not fully reopen until Washington meets Tehran’s conditions. West Texas Intermediate crude rose 1.4% to $83.25 per

The US oil reserve just crossed a four-decade low Crude oil held in the US Strategic Petroleum Reserve fell below 300 million barrels last week, reaching its lowest level since January 1983. The reserve dropped by 6.1 million barrels to

China controls the copper bottleneck China has built a commanding position in global copper processing, and veteran metallurgist Phillip Mackey says the West could take decades to catch up. China now smelts about 60% of the world’s copper and refines

Lockheed is looking for domestic mineral supply Lockheed Martin is in talks to secure US-linked supplies of scandium and germanium, two critical minerals used in defense systems ranging from aircraft components to infrared sensors. The company is negotiating with NioCorp

Copper is being pulled into the US at record speed Copper is pouring into the United States as traders wait for a decision on possible tariffs on refined copper imports. About 200,000 metric tons of copper arrived in the US

Oil majors just showed what higher crude can do ExxonMobil and Chevron reported sharply higher second-quarter profits as the Iran war pushed oil prices higher and tightened global energy markets. Chevron’s net income rose to $12 billion, up nearly 400%

Copper is trading like a market with little slack Copper climbed Thursday as tightening physical supply and relief from the Federal Reserve’s decision to hold interest rates steady outweighed disappointment over China’s lack of fresh stimulus. The most active Comex

Oil snapped back as war risk returned Oil prices jumped Wednesday after the US president said Washington would hit Iran hard in response to an attempted attack on American forces in the Middle East. Brent crude rose 7.2% to $90.12