A cheap drone can destroy a million-dollar target. But it still needs the right materials to fly. Modern warfare has discovered an uncomfortable economic truth. A drone costing a few hundred or a few thousand dollars can destroy equipment worth
Chevron is making a long-term bet on Venezuelan oil Chevron is preparing one of its biggest expansions in Venezuela in decades. The company plans to invest more than $7 billion through its Venezuelan joint ventures and increase production to roughly
The oil market is adapting faster than expected The Strait of Hormuz was supposed to be the pressure point that kept crude prices elevated as the Iran conflict dragged on. Instead, more oil is getting through. Goldman Sachs estimates that
AI’s power problem is creating some unexpected opportunities A few years ago, connecting aluminum scrap with artificial intelligence would have sounded like a stretch. Today, it deserves a closer look. California startup Voya Energy has raised $35 million to develop
Washington isn’t just making another critical-minerals list The U.S. government has spent years talking about how dependent the country is on foreign critical minerals. Now it is asking companies to show it what they can build. The Defense Industrial Base
Precious metals are back in the spotlight Gold and silver have come back to life in August, and this rally looks different from a simple bounce off the lows. Gold traded near $4,466 an ounce at the time of the
Copper is getting very close to record territory again. Three-month copper futures on the London Metal Exchange recently traded as high as $14,396 per metric ton, putting them within reach of the $14,500-plus peak reached earlier this year. But the
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
A cheap drone can destroy a million-dollar target. But it still needs the right materials
Chevron is making a long-term bet on Venezuelan oil Chevron is preparing one of its
The oil market is adapting faster than expected The Strait of Hormuz was supposed to
AI’s power problem is creating some unexpected opportunities A few years ago, connecting aluminum scrap
Washington isn’t just making another critical-minerals list The U.S. government has spent years talking about
Precious metals are back in the spotlight Gold and silver have come back to life
Copper is getting very close to record territory again. Three-month copper futures on the London
A niche copper trade is now tracking White House policy The price gap between US
Gold’s rebound just hit an important technical level Gold’s monthlong rally has brought prices back
Iran puts conditions on reopening Hormuz Oil prices moved higher Tuesday after a senior Iranian
