The year-over-year comparison adds a further layer of nuance: this dollar benchmark remains up 1.68% versus a year ago, a modest gain that suggests the current monthly pullback is a correction within a longer, gently positive trend, rather than the start of a sustained …
The most significant single development is CATL's Jianxiawo mine clearing security permits to resume activity following a prolonged suspension. CATL is among the world's largest battery makers, and Jianxiawo is one of the largest lithium mines globally, so its return to production represents a …
Start with trade flows, which are moving in a direction that doesn't obviously support higher prices on its own. China's steel exports fell 5.6% year-on-year to 57.87 million tons in the first half of the year. June exports specifically came in at 10.32 million …
The bearish side of the story is macro. The escalating conflict between the US and Iran — with Washington launching multiple strikes against Iran this week and Tehran retaliating against US bases in neighboring countries — has pushed oil prices higher and kept inflationary …
The proximate driver is identical to gold's: escalating US-Iran tensions have pushed oil prices sharply higher, and higher energy costs are raising the risk that inflation, which had been cooling, reaccelerates. That risk is feeding directly into a more hawkish Federal Reserve outlook, which …
The conflict itself is intensifying by the day. Iran launched fresh strikes on US facilities across the Middle East, retaliation for a sixth consecutive night of US attacks on Iranian military targets that have continued to disrupt traffic through the Strait of Hormuz. That's …
Alcoa’s stronger earnings are doing little to lift its stock, as sliding aluminum prices drag down mining equities and raise questions about the sector’s near-term resilience. The company’s latest financial results reflect better operational performance, but investors remain cautious amid weakening demand signals from …
Gold prices edged higher on Friday, but the rally was not enough to erase mounting concerns over inflation and potential interest rate hikes, leaving the precious metal poised for its first weekly loss in six weeks. The shift reflects broader market unease as investors …
Gold is heading for its most pronounced weekly decline in six weeks as investors grapple with renewed inflation fears and the prospect of higher interest rates. While the Iran war has stoked concerns about supply disruptions and rising energy costs, the dominant narrative in …
Alcoa’s stronger earnings are doing little to lift its stock, as sliding aluminum prices drag down mining equities and raise questions about the sector’s near-term resilience. The company’s latest financial results reflect better operational performance, but investors remain cautious amid weakening demand signals from …