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

Aluminum is trading as if the Gulf shock can be managed Aluminum has been hit by one of the largest supply disruptions in years, but the benchmark price is no longer acting like it. London Metal Exchange three-month aluminum surged

Japan’s seabed rare earth push is becoming more serious Japan has taken another step toward building a domestic rare earths supply chain after government-backed testing found that medium and heavy rare earth elements made up about 54% of the rare

Gold’s safe-haven bid ran into the rate trade Gold and silver fell sharply Thursday as a new escalation in the Middle East pushed oil prices toward $100 a barrel and strengthened expectations that the Federal Reserve may resume raising interest