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Commodities
Copper price forecast: will the bullish trend continue?
July 11, 2025 07:25 AM AEST| By InvezzCopper price remained range-bound for the second session on Thursday after a corrective pullback from the 17% surge that has COMEX futures hit a fresh record high on Tuesday. This follows Trump’s surprise announcement to impose higher-than-expected t...
Jane Birkin’s bag sells for $10 million: what makes it the most expensive handbag ever sold
July 11, 2025 04:05 AM AEST| By InvezzJane Birkin’s famous Hermès bag became the first handbag to be sold above $10 million after it was auctioned at Sotheby’s in Paris. The auction marks a new milestone in the world of fashion as it becomes the most expensive handbag ever sold. Collecto...
Asian heatwaves drive spot LNG demand, reshaping global flows
July 10, 2025 11:26 PM AEST| By InvezzHeatwaves are fueling increased spot LNG purchases in Asia, according to Rystad Energy. Arbitrage opportunities for US-origin liquefied natural gas (LNG) for September delivery to Asia were short-lived, opening on July 4 and 7, but closing again on J...
UBS raises global oil refining margins outlook amid delays and closures
July 10, 2025 09:00 PM AEST| By InvezzUBS announced a revised outlook on the global oil refining industry, anticipating a significant tightening of supply balances in the coming years. This adjustment is primarily attributed to two critical factors: widespread project delays in new...
Russia’s wheat landscape transforms as Stavropol harvest seen exceeding Rostov
July 10, 2025 08:55 PM AEST| By InvezzRostov, one of Russia’s primary wheat-producing regions, is experiencing its second consecutive year of drought. In contrast, Stavropol, another key wheat-growing area, anticipates a record harvest due to favorable weather conditions. For...
Freeport-McMoRan shares rise on Trump’s 50% copper tariffs: why is it a ‘top pick’
July 10, 2025 08:33 PM AEST| By InvezzShares of US-based copper giant Freeport-McMoRan climbed 3.75% to $47.30 in premarket trading on Wednesday, as investors reacted to a new 50% tariff on imported copper announced by former President Donald Trump. The tariff, set to take effect from Au...
OPEC+ output hikes not causing inventory builds, signaling firm demand
July 10, 2025 01:26 AM AEST| By InvezzMinisters and executives from OPEC nations, along with bosses of Western oil majors, stated on Wednesday that increased output from the oil producer group OPEC+ is not resulting in higher inventories, according to a Reuters report. This indicat...
US copper tariffs unlikely to boost domestic production, says ING
July 10, 2025 12:31 AM AEST| By InvezzCopper production in the US is unlikely to get a significant boost from the recently announced US tariffs, according to the ING Group. On Tuesday, US copper futures reached an unprecedented high, surging by a record 17% in a single day. This ca...
Analysis: OPEC+ production hikes could drive oil towards $60/barrel
July 09, 2025 11:32 PM AEST| By InvezzOil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts. Supply in the oil market has been on the upside since the Organization of the Petroleum Exporting Countries and allies started to...
Vedanta shares slide upto 8% after US-based short seller labels Group a ‘Ponzi Scheme’
July 09, 2025 06:40 PM AEST| By InvezzShares of Vedanta Ltd plunged as much as 8% intraday on July 9, before paring some losses, after US-based short seller Viceroy Research issued a scathing report on its parent Vedanta Resources. The note called the group “financially unsustainab...
European heatwave kills 2,300 as climate change drives extreme temperatures
July 09, 2025 04:05 PM AEST| By InvezzAround 2,300 individuals succumbed to heat-related illnesses across 12 European cities during the intense heatwave that concluded last week, according to a study conducted by scientists at Imperial College London and the London School of Hygiene and...
Russian wheat exports poised to rise on bumper harvest, price edge
July 09, 2025 03:12 PM AEST| By InvezzSovEcon, a prominent agricultural consultancy, has significantly increased its projection for Russian wheat exports for the 2025-26 marketing season. The revised forecast now stands at an impressive 42.9 million metric tons (mmt), representing...
Copper prices surges to all-time high after Trump’s 50% import tariff
July 09, 2025 04:34 AM AEST| By InvezzCopper prices in the US have shot up more than 10%, breaking past $12,330 per metric ton, an all-time high following President Donald Trump’s announcement of a steep 50% tariff on copper imports. The announcement came during a White House cabin...
BP, Shell return to Libya for hydrocarbon exploration at three locations
July 08, 2025 08:06 PM AEST| By InvezzLibya’s National Oil Corp (NOC) announced on Monday that agreements have been reached with oil majors BP and Shell. These agreements involve conducting studies for hydrocarbon exploration and development across three Libyan oilfields. Since Mua...
Coffee prices plummet as market shaken by increased supply, shifting demand
July 05, 2025 10:00 PM AEST| By InvezzCoffee prices have significantly decreased since reaching multi-year highs in the spring. The global coffee market experienced a significant downturn this week as the price of Arabica coffee plummeted to 280 US cents per pound. This marks the l...
SovEcon sees weaker early grain yields in southern Russia, but Stavropol offers hope
July 04, 2025 05:42 PM AEST| By InvezzHarvesting of early grains has commenced across the southern regions of Russia, as reported by SovEcon in its latest weekly agricultural assessment. This marks the beginning of the crucial harvest season, with initial yields and quality indicators be...
Platinum price stuck in a range as risk appetite surges to extreme greed
July 04, 2025 07:31 AM AEST| By InvezzPlatinum price rallied to a fresh 11-year high of $1,433 on Wednesday before pulling back on Thursday. At the time of press, the precious metal was trading at $1,372. On the one hand, the easing of geopolitical tensions in the Middle East has h...
Gold Reserve unit wins Citgo parent auction with $7.38 billion bid
July 04, 2025 02:08 AM AEST| By InvezzDalinar Energy Corporation, a unit of Toronto-listed miner Gold Reserve, has been declared the provisional winner of a high-profile auction of PDV Holding, the US parent of Venezuela’s Citgo Petroleum, with an offer of $7.38 billion. According...
French firm Tereos plans tenfold expansion of power client base in Brazil
July 04, 2025 01:00 AM AEST| By InvezzTereos, a French agribusiness group, plans to expand its base of corporate power customers in Brazil from roughly 100 to more than 1,000 during the next two years, as per a report by Reuters. The firm, Brazil’s second-largest sugar producer, se...
South Africa chrome export tax sparks debate as miners warn of negative impact
July 03, 2025 08:20 PM AEST| By InvezzThe Minerals Council of South Africa has stated that the proposed chrome ore export tax will negatively impact the profitability of miners and result in job losses throughout the sector, according to a Reuters report. South Africa stands out as Afric...
