Commodities
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U.S. steel prices have surged to a four-year high, buoyed by restrictions on foreign supply due to Donald Trump's tariffs. This has boosted domestic producers but increased costs for manufacturers.
U.S. steel prices have surged to a four-year high, buoyed by restrictions on foreign supply due to Donald Trump's tariffs. This has boosted domestic producers but increased costs for manufacturers.
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China to restrict exports of some solar technologies to maintain tech edge amid US, India manufacturing push
China to restrict exports of some solar technologies to maintain tech edge amid US, India manufacturing push
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China resumed purchases of US soybeans this week, its first since the two countries’ leaders met in September.
China resumed purchases of US soybeans this week, its first since the two countries’ leaders met in September.
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According to Lebanon's National News Agency, Israeli military aircraft attacked the town of Al-Mansouri in the Tyre district of southern Lebanon.
According to Lebanon's National News Agency, Israeli military aircraft attacked the town of Al-Mansouri in the Tyre district of southern Lebanon.
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Bloomberg reported that global coffee supplies have finally increased after years of shortages, but it remains uncertain how much of this will enter exchange warehouses, which support industry prices.
Bloomberg reported that global coffee supplies have finally increased after years of shortages, but it remains uncertain how much of this will enter exchange warehouses, which support industry prices.
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U.S. Secretary of State Marco Rubio to visit Indian billionaire Ambani's Reliance refinery in Gujarat from Oct. 17-22 as U.S. diesel prices surge
U.S. Secretary of State Marco Rubio is scheduled to visit the world's largest oil refinery in Jamnagar, India, owned by Mukesh Ambani's Reliance Industries, between October 17 and 22. The visit comes
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Iranian Army Commander Hatami: Strait of Hormuz traffic "very limited," strait to remain closed
Iran's Army Chief Commander, Amir Hatami, stated that the Strait of Hormuz is "completely under the supervision of the army and the Islamic Revolutionary Guard Corps" and will remain closed until "ene
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Trump is weighing military options against Iran, including the use of MOAB, despite ruling out pre-election strikes, nuclear weapons, or ground troops.
Trump is weighing military options against Iran, including the use of MOAB, despite ruling out pre-election strikes, nuclear weapons, or ground troops.
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Analyst: China Has Stockpiled Enough Natural Gas to Meet Winter Demand, Hedging Against Iran War-Driven Price Hikes
Analysts say China has stockpiled enough natural gas to meet winter demand, with importers acting preemptively to hedge against the risk of price spikes that could result from a war in Iran.
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Vitol: Ship-Fuel Squeeze Persists Despite More Hormuz Crude
A top Vitol Group executive stated that accelerating crude exports through the Strait of Hormuz are not translating into higher production of dirty shipping fuel, leading to tightening supplies and so
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Record number of attacks on ships in the Strait of Hormuz, oil exports slow to 12.6 million bpd
According to BBC Verify's analysis of UK maritime agency data, 12 vessels were attacked in the Strait of Hormuz and surrounding areas between October 5 and 11, marking the highest weekly total since t
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Metals rebound in London as sentiment improves after US inflation shock
Metals — including copper, aluminum and zinc — rebounded in London after a shaky few days of trading fueled by fears of more aggressive tightening by the Federal Reserve.
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Singapore-flagged ship sank in Strait of Hormuz, but experts say vessels will continue transiting
One Singapore-flagged container ship, GFS Pride, sank and another, GFS Giselle, was damaged after being attacked in the Strait of Hormuz this week. Maritime experts say Singapore vessels will continue
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Australian lithium miner PLS has approved an expansion plan, investing $1.32 billion to double its production capacity.
Australian lithium miner PLS announced on Thursday that it has approved an expansion plan to double the capacity of its Pilgangoora lithium mine with an investment of $1.32 billion. Despite the recent
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Pakistan Firm Partners With Chinese Counterpart to Assemble Lithium Batteries Locally
According to Nikkei Asia, the demand for lithium-ion batteries has surged in Pakistan due to a massive influx of Chinese solar panels. Despite falling global prices and overcapacity in China leading t
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Yemen's Houthi forces claim to have shot down a Saudi Wing Loong II armed reconnaissance drone over Marib
Yemen's Houthi forces claim to have shot down a Saudi Wing Loong II armed reconnaissance drone over Marib, stating it was carrying out "hostile activities" in the province's airspace.
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India Hikes Petrol Export Levy, Slashes Diesel Duty for Next Fortnight
India revised export levies on petrol and diesel for the next fortnight while keeping the duty on aviation turbine fuel unchanged, as the government continues to adjust the charges in line with intern
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China's treasury bond futures rebounded across the board, and most domestic commodity futures rose.
China's treasury bond futures rebounded across the board in early trading on October 16. As of press time, the main contracts for 30-year, 10-year, 5-year, and 2-year treasury bonds all rose. Most dom
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International oil prices edged lower in early Friday trading, with Brent crude down 0.39% to $105.51 per barrel and WTI crude down 0.55% to $97.43 per barrel.
International oil prices edged lower in early Friday trading as investors weighed escalating Middle East tensions against potential US easing of restrictions on "shadow fleet" tankers. This follows th
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Syria: Two Pipelines Damaged. The Baniyas-Homs oil pipeline experienced a leak linked to an attempted fuel theft, and the Jbessa gas pipeline was damaged by an explosion.
Syrian state media reported that two of the country's natural gas and oil product pipelines were damaged in two separate incidents, the latest in a series of suspected sabotage attacks on Syria's ener
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UKMTO Warns of "Severe" Threat to Shipping in Strait of Hormuz, Attacks "Highly Likely"
The UK Maritime Trade Operations (UKMTO) center stated that the threat to commercial shipping in the Strait of Hormuz remains "severe" and warned that further attacks are highly likely given ongoing I
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Canada warns citizens to avoid Saudi airports due to attacks
Canada has advised its citizens to avoid all travel to King Khalid International Airport in Riyadh and non-essential travel to other Saudi airports, following a series of missile and drone attacks. Th
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Israel Halts Commercial Goods Entry to Gaza, Hamas Denies Tax Accusations
Israel announced on Wednesday the suspension of commercial goods, including essential items like fruits and winter clothing, from entering Gaza, citing a tax dispute between local merchants and Hamas,
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Saudi Arabia calls Houthi attacks 'full-fledged war crimes', vows 'all legitimate measures' to defend territory
Saudi Deputy Foreign Minister Waleed Elkhereiji stated that Houthi missile and drone attacks on civilian, economic, and airport facilities, including Islam's holiest cities Mecca and Medina, constitut
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International crude oil prices plummet, with Brent crude falling below $95 to mark its largest weekly drop since the pandemic
International crude oil prices plummeted, with Brent crude breaking below $95 to record its largest weekly drop since the pandemic. Driven by easing concerns over Middle East conflict following the De
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UK Maritime Trade Operations: Oil tanker attacked by two unknown projectiles off the northern coast of Qatar
The United Kingdom Maritime Trade Operations (UKMTO) reported that an oil tanker was struck by two unidentified projectiles 50 nautical miles north of Madinat ash Shamal, Qatar. The condition of the c
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Emirates Half-Year Profit Plunges 66%, Dragged Down by Iran War and High Oil Prices
Emirates Half-Year Profit Plunges 66%, Dragged Down by Iran War and High Oil Prices
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Ørsted completes offshore wind farm construction off US Northeast coast, previously hindered by Trump administration
Ørsted completes offshore wind farm construction off US Northeast coast, previously hindered by Trump administration
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ArcelorMittal third-quarter profit beats expectations, boosted by stricter EU steel curbs
ArcelorMittal third-quarter profit beats expectations, boosted by stricter EU steel curbs
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LG Energy Solution and Samsung SDI Saw Their Combined North American Energy Storage Market Share Rise to 20.9% in the First Three Quarters
In the first three quarters, South Korean battery manufacturers LG Energy Solution and Samsung SDI saw their combined North American energy storage market share rise to 20.9%, according to data from m
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Posco and Korea University Develop New Manufacturing Method to Reduce Voltage Decay in Lithium Battery Cathodes
Posco Holdings has developed a new manufacturing method with Korea University to reduce voltage decay in lithium battery cathodes. The research was jointly conducted by a team led by Professor Park Hy
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Russia deepened Iran support with missile launcher deal despite Ukraine war strains
Russia deepened Iran support with missile launcher deal despite Ukraine war strains
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Wheat prices rose, driven by weaker Russian export prospects and the situation in the Black Sea.
Wheat prices rose, driven by weaker Russian export prospects and the situation in the Black Sea.
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The Islamic Revolutionary Guard Corps (IRGC) stated that two oil tankers and a tugboat caught fire in the Strait of Hormuz, and that two U.S. military drones were seized.
The Islamic Revolutionary Guard Corps (IRGC) stated that two oil tankers and a tugboat caught fire while attempting to pass through "unauthorized routes" in the Strait of Hormuz. One large oil tanker
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International oil prices fell for the fourth consecutive day as the outcome of the US midterm elections eased concerns over war.
International oil prices fell for the fourth consecutive day as the U.S. midterm election results eased concerns over war. Brent crude futures dropped 97 cents (or 1.03%) to $93.65 a barrel, while WTI
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China's spot copper supply continues to tighten, with spot premiums surging and buyers scrambling for physical copper
China's spot copper supply continues to tighten, with spot premiums surging and buyers scrambling for physical copper
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Saudi and Syrian defense authorities sign cooperation agreement in Riyadh
The defense departments of Saudi Arabia and Syria signed a cooperation agreement in Riyadh; prior to this, Saudi Crown Prince Mohammed bin Salman met with Syrian President Ahmed al-Sharaa in Riyadh on
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China's export controls on critical metals have tightened the supply of tungsten drill bits, rippling through the AI chip supply chain.
China's export controls on critical metals have tightened the supply of tungsten drill bits, rippling through the AI chip supply chain.
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The U.S. Department of State announced sanctions against two individuals and one entity assisting Iran in acquiring air defense systems.
The U.S. Department of State has announced sanctions against two individuals and one entity for assisting Iran in acquiring man-portable air-defense systems (MANPADS). The targets include Mohammed Ali
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Hanwha Aerospace breaks ground on Chunmoo rocket plant in Poland
Hanwha Aerospace breaks ground on Chunmoo rocket plant in Poland
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Driven by the El Niño phenomenon, benchmark Asian rice prices have risen to a near two-year high.
Driven by the El Niño phenomenon, benchmark Asian rice prices have risen to a near two-year high.
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Lookonchain monitoring: Whale begins cutting $147 million in crude oil long positions, recording a total loss of $15.3 million
Lookonchain monitoring: A whale has begun cutting $147 million in crude oil long positions, realizing a total loss of $15.3 million. The whale closed 587,250 CL longs (worth approximately $51.87 milli
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Australia’s Heavy October Rainfall Sparks Grain Quality Concerns
Australia’s Heavy October Rainfall Sparks Grain Quality Concerns
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Crude oil prices stabilized after plunging by about 8% in the previous session, as investors bet that a landslide victory for the Democrats in the U.S. midterm elections would accelerate efforts to end the war in Iran.
Crude oil prices stabilized after plunging by about 8% in the previous session, as investors bet that a landslide victory for the Democrats in the U.S. midterm elections would accelerate efforts to en
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Analysts say Trump's midterm election defeat increases pressure to end Iran war, but risk of further military escalation remains
Analysts note that a midterm election defeat for Donald Trump increases pressure to end the war with Iran, though the risk of further military escalation remains. According to Al Jazeera, Negar Mortaz
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U.S. stocks rallied strongly following the Democrats' landslide victory in the midterm elections, while crude oil plummeted over 8%, with both benchmarks falling below $100.
U.S. stocks rallied strongly following the Democrats' landslide victory in the midterm elections, while crude oil plummeted over 8%, with both benchmarks falling below $100.
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Crude oil prices fell below $90 per barrel as US Vice President Vance blamed the midterm election losses on the war with Iran
Crude oil prices fell below $90 a barrel as U.S. Vice President Vance blamed the midterm election losses on the war with Iran. U.S. West Texas Intermediate crude dropped 8.3% intraday to $88.12 a barr
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US Treasury Department announces new round of Iran-related sanctions, with Treasury Secretary Scott Bessent warning "either you are with us, or you are against us"
The U.S. Department of the Treasury has announced a new round of Iran-related sanctions, with Treasury Secretary Scott Bessent warning that countries and entities are "either with us or against us." B
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EGX Token Analysis: Enegra and EagleX Project Status and Potential Considerations
EGX tokens primarily refer to Enegra (EGX), a tokenized security issued on the Polygon blockchain, representing equity in Enegra Group Ltd., a company specializing in commodity trading. Enegra Group possesses audited net asset value of physical commodity off-take exceeding $33 billion. As a security token, its trading and holding are subject to KYC/AML restrictions. Additionally, there is another token with the same ticker, EagleX (EGX), in the market, but it currently has zero trading volume and extremely low market activity. This article will discuss the current status and characteristics of these two EGX tokens separately.
Commodities
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Eurozone October CPI rises to 4% year-on-year, hitting a three-year high
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