Commodity Market

Key Points Mali faces a severe heatwave, with temperatures reaching up to 48°C, leading to health crises and over 100 deaths. Power cuts worsen the situation, affecting daily life and causing significant price hikes for essentials like ice. Better preparedness and adaptation strategies are needed to handle future climatic extremes. As Mali confronts an unprecedented …

Record 48°C Heat in Mali: Deaths Surge, Essentials Costlier Read More »

Quick Overview Crude Oil Prices Rise: U.S. Benchmark crude oil for June delivery climbed $1.46, reaching $83.36 per barrel. Gold and Silver Fluctuate: Gold for June delivery dropped by $4.30 to $2,342.10 per ounce, while silver increased by $0.11 to $27.36 per ounce. Copper and Currency Exchange: Copper price fell by $0.05 to $4.43 per …

Crude Oil at $83.36; Ups and Downs of Commodity Markets Read More »

Quick Overview VanEck Expansion: CEO Jan van Eck announced plans for international expansion targeting commodities, signalling a strategic shift to capitalize on global economic growth China’s Economic Recovery: Positive March Manufacturing PMI indicates a significant recovery in China, enhancing its role in boosting global commodity demand U.S. Fiscal Policies: Aggressive U.S. spending measures propel the …

Navigating the 2024 Surge in Global Commodities Read More »

Quick Look: Aluminium Prices Surge: LME excludes Russian aluminium, causing prices to jump 9.4%; China’s Clean Tech Dominance: Over 80% of solar, batteries, and EV production; Oil Export Restrictions: Mexico cuts exports; OPEC+ keeps output low; Egg Prices Stable Amid Bird Flu: US bird flu outbreak affects markets, potential price hikes; Energy Stocks Rise: XLE …

Aluminum Surges 9.4% on Russian Sanctions Read More »

At a Glance West Texas Intermediate Crude Futures Soared Above $85, Reaching a Five-Month High. Wholesale Gasoline for May Delivery Remained Unchanged at $2.76 a Gallon. Gold for June Delivery Gleamed, Soaring $33.20 to $2,315 per Ounce. The Dollar to Yen Exchange Rate Subtly Rose to 151.68. Geopolitical Events and OPEC’s Production Plan Stir the …

Crude Oil Peaks at $85, Marks 5-Month High Read More »

Quick Look CFTC files enforcement against KuCoin for illegal operations. KuCoin accused of failing KYC procedures, risking US customer involvement. DOJ and CFTC demand disgorgement, penalties, and injunctions. The Commodity Futures Trading Commission (CFTC) has escalated its oversight of the cryptocurrency sector by launching a civil enforcement action against KuCoin, a prominent digital asset exchange. …

CFTC Targets KuCoin Over Alleged Regulatory Violations Read More »

Quick Look CFTC files a complaint against KuCoin for illegal commodity transactions and lack of registration. DOJ accuses KuCoin of violating anti-money laundering laws, alongside failure in implementing KYC procedures. Ethereum and Litecoin were classified as commodities in CFTC’s landmark complaint. KuCoin faces legal actions for transmitting over $4 billion in suspicious funds. Historical context …

KuCoin Faces CFTC Lawsuit Over Commodity Trades Read More »

Quick Look Oil markets rebound amid geopolitical tensions and attacks. Global steel output experiences significant growth; copper and zinc stocks fluctuate. Agricultural markets show mixed trends in speculative bets. Barrick Gold Corp. shines with robust operational performance and prospects. Oil States International Inc. stands out with its diverse energy and mineral exploration ventures. This week, …

Dynamics of Global Commodities: An Insightful Overview Read More »