base-metals

    To predict silver price performance in a recession, look to copper – StoneX’s Rhona O’Connell teaser image
    Silver

    To predict silver price performance in a recession, look to copper – StoneX’s Rhona O’Connell

    Silver’s performance in a recession is more closely tied to copper than gold, says analyst Rhona O'Connell, as industrial demand drives the gray metal's value.
    Gold

    Gold market could see further ETF redemptions as prices turn negative on the year - Standard Chartered’s Cooper

    (Kitco News) - The gold market continues to test its lower bounds, with one analyst seeing further fragility in the marketplace.
    Gold

    Gold, silver slide as rate risk overwhelms haven demand - Kitco PM Report

    (Kitco NewsWire) - Spot gold and silver prices are sharply lower after the close Tuesday, as rate-hike expectations and a bearish technical break outweighed weaker crude oil and residual safe-haven demand tied to the Strait of Hormuz.
    Mining

    China’s May rare earth exports climb to four-month high

    China’s exports of rare earths rose 3.4% from the prior month to a four-month high, thanks to more overseas restocking ahead of a traditional summer lull.The world’s largest rare earth producer shipped out 5,490 metric tons of the group of 17 minerals essential to electric vehicles, wind turbines and defense technology, the highest since January, data from the General Administration of Customs showed on Tuesday.That was up from 5,309 tons in April but down from 5,864 tons in May 2025.
    China’s aluminum exports surged in May as Iran war keeps supply tight teaser image
    Mining

    China’s aluminum exports surged in May as Iran war keeps supply tight

    China’s aluminum exports surged in May, according to official customs data released on Tuesday, as disruptions to shipment and production in the Gulf region due to the Iran war kept global supply tight.China’s unwrought aluminum and product exports climbed 5.68% in May to 632,000 metric tons.And in the first five months of 2026, unwrought aluminum and product exports surged 10.4% to 2.69 million tons, customs data showed.May exports outstripped April’s already strong levels — the highest in at least a year — and extended gains since the war began.
    Oil inventories headed toward multi-decade lows, US EIA warns teaser image

    Oil inventories headed toward multi-decade lows, US EIA warns

    NEW YORK, June 9 (Reuters) - Oil stockpiles in the world's largest economies are headed toward the lowest levels since at least 2003 as inventories are drawn down at a record pace due to the lost output from the Iran war, the U.S. Energy Information Administration said ​on Tuesday.
    India’s gold tariff hike fuels smuggling revival, squeezes banks and refiners teaser image
    Mining

    India’s gold tariff hike fuels smuggling revival, squeezes banks and refiners

    India’s sharp increase in gold import tariffs is fuelling a resurgence in smuggling that could exceed 100 metric tons this year, as soaring grey market margins allow smugglers to undercut banks and refiners of the precious metal, industry officials and bullion dealers said.India, the world’s biggest gold market after China, more than doubled import tariffs to 15% in May to curb demand, cut the trade deficit and ease pressure on the rupee. But the move has created an opportunity for smugglers who are able to offer prices legitimate importers cannot match, they said.
    Rising fuel prices hit US farms as Iran war drags on teaser image

    Rising fuel prices hit US farms as Iran war drags on

    NEW YORK/CHICAGO, June 9 (Reuters) - High energy costs are squeezing grain and soybean growers across the U.S. farm belt, as the Iran war ​chokes fuel supplies through the Strait of Hormuz and pushes diesel prices to record highs in key agricultural states.Many farmers were already under pressure before the conflict and ‌facing a fourth straight year of shrinking margins, battered by a resurgent drought, high input costs and fallout from U.S. President Donald Trump's trade policies, which have weighed on crop prices.
    South Africa proposes extending auto incentives to battery materials teaser image
    Mining

    South Africa proposes extending auto incentives to battery materials

    South Africa plans to add to its automotive incentive program minerals used in the manufacturing of electric vehicle batteries to boost local EV production and support related supply chains.The government is reviewing its automotive policy to address the global shift toward electric and hybrid vehicles, tightening emissions rules and rising competition from low-cost imports, particularly from China and India.