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Commodity Markets
Everything Briefed has filed against Commodity Markets, most recent first.
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Oil holds near recent range as traders watch OPEC+ supply signalsBrent is drifting sideways again this morning with no fresh catalyst, leaving traders parked between soft demand data and OPEC+ discipline. Nobody's forcing a breakout either way today.Washington just bankrolled the world's first primary scandium mineSunrise Energy Metals shares jumped as much as 29% after the US Department of War's Office of Strategic Capital offered up to $400 million in conditional debt financing for the Syerston project in …Rain saves Australia's wheat crop from the worst forecastsABARES now expects 26.7 million tonnes of wheat for 2026-27, down 26% year on year but well above the roughly 21.3 million tonne figure some private forecasters were pricing in earlier this season.…China's central bank starts stockpiling gold in Hong KongThe People's Bank of China has begun adding gold reserves specifically in Hong Kong, a deliberate move to build up the city as a bullion trading hub rather than routing everything through Shanghai …Indonesia's export plan splits the government that wrote itA commodity export overhaul is only radical if the people implementing it agree on what it is for, and Prabowo's government clearly does not. The plan aims to force more domestic processing of nick…Jefferies uncovers fresh evidence of fake invoices at troubled fundNew documentation strengthens the fraud case against the fund, raising the odds Jefferies pursues litigation rather than a quiet write-down.Rolling strikes at BHP's Australian port threaten iron ore supplyStrike action at a key export port used by BHP puts pressure on the world's largest iron ore producer at a moment when Chinese steel demand has been the wildcard determining prices all year. Even a…Consumer names quietly had a very good quarterWhile the AI trade wobbles, the unglamorous end of the market is delivering. Mondelez, Sherwin-Williams, Bloom Energy, and Centene all raised full-year guidance this week, and Rio Tinto lifted its …India's silver imports collapse under new licensing rules, and gold is the quiet winnerNew licensing requirements have slammed the brakes on India's silver imports, one of the world's largest physical silver markets, at the same time gold is holding its gains as investors hedge again…Kalshi wants to let traders bet on gold and silver foreverKalshi is seeking regulatory approval for perpetual contracts on precious metals, a structure that never expires and would let retail traders take leveraged directional bets on gold and silver with…Andrew Forrest just bet on tungsten, and defence supply chains explain whyThe Fortescue billionaire's stake in a tungsten miner sent the stock jumping, and the logic is straightforward: tungsten is a critical input for munitions and hard alloys, China controls roughly 80…BHP's first Port Hedland strike since 2000 lands right as it flags a copper slowdownIron ore workers walking out at Port Hedland for the first time in a quarter century is a labour signal, not a supply shock, since BHP posted solid full-year output numbers alongside the strike new…Alcoa's Australian gallium project is a China-dependency hedgeGetting international approval for gallium production in Australia matters because China controls roughly 90% of global gallium supply and has already used export curbs on the metal as leverage in …De Beers halting a mine tells you more about diamonds than any sale reportStopping production is the move a miner makes when it has already concluded the price recovery isn't coming this cycle, not next quarter. De Beers has halted output at a South African diamond mine …Alcoa pays up to $5.6bn for South32's aluminium assets. The tariff bet is explicit.Alcoa is acquiring South32's alumina and bauxite portfolio in a deal worth up to $5.6bn, a major consolidation play in a sector where US tariffs have dramatically altered the economics of domestic …US egg producers settle benchmark price manipulation claimsMajor US egg producers have reached a settlement over allegations they colluded to manipulate benchmark prices, a case that has wound through the courts for years. The settlement figure has not bee…Oil heads for a quarterly loss and Morgan Stanley's glut warning has teethBrent crude is on course for a quarterly decline, with Morgan Stanley citing OPEC+ production increases, weaker Chinese industrial demand, and a US economy consuming less energy per unit of output …Indonesia readies state control over $65bn commodity exportsIndonesia is finalizing a centralized export framework for crude palm oil, coal, and ferroalloys through its Danantara sovereign wealth fund vehicle, potentially affecting $65 billion in annual com…Indonesia tightens palm oil export gripIndonesian palm oil stocks tumbled after the government introduced export allocation requirements for used cooking oil and palm residues to support its B40 biodiesel program. UCO and palm residue e…Jefferies raids Standard Chartered for metals chiefJefferies hired Gideon Volschenk from Standard Chartered to lead its metals and mining investment banking in EMEA, signaling aggressive expansion in energy transition deals. The move comes as globa…Tianqi Lithium bets on electric ships and trucksChina's Tianqi Lithium argues consensus battery demand forecasts are too conservative because they underestimate electric heavy trucks and ships, which could drive the next leg of lithium growth be…Rare earth minerals expected central to Trump-Xi summit talksCritical material supply chains likely on the negotiating table alongside trade and technology.China's platinum grab threatens South African supplyChinese refiners are pulling unprecedented volumes of platinum through the new Guangzhou futures contracts, with one major processor reporting triple the normal demand since November's launch. The …Hong Kong metal warehouses swell as Middle East war drives hedgingLME-certified warehouses in Hong Kong accepted over 8,000 tons of metals since April with CEO Matthew Chamberlain seeing stocks potentially reach hundreds of thousands of tons. A 10,000 square-foot…Copper drops as Iran tensions shift safe haven flowsCopper fell 3.2 percent from its two-month high as Iran-US tensions triggered a flight to traditional safe havens rather than industrial metals. The selloff breaks copper's six-week rally and signa…Antofagasta eyes Argentina's copper rushThe Chilean copper giant is signalling interest in Argentina's mining opportunities as global demand for the metal intensifies.