The Australian sharemarket has slipped from its record high as war in Iran and rising oil prices raise fears of an world economic slowdown. Oil prices have surged 13% due to the closure of the Strait of Hormuz, a key shipping route. This increase in oil prices will lead to higher petrol prices in Australia, weighing on markets and economic growth. The Australian government has been criticized for rushing to back the strikes on Iran, with some politicians accusing them of being reckless about the consequences. The situation is expected to have a significant impact on the global economy.

Politics live: Hanson to face censure motion over Muslim comments; Australian markets fall as oil price surges

Copper prices have dropped 9% in two days due to weak demand and rising stockpiles. Analysts say the market was overvalued and prices should be below $11,000 a ton to reflect fundamentals. The macro picture also undermines the case for copper bulls, with Trump's tariffs and trade wars pressuring manufacturing activity. Production ramp-ups at mines in Zambia and Mongolia are likely to mean higher supplies this year. The market is expected to be in a deeper deficit, but fundamentals do not support copper at current levels.

Copper’s slide from record reflects reality of weak demand, rising stocks, analysts say - The Globe and Mail

India and EU seal major trade agreement

Copper prices have been affected by a mix of factors, including a slowing Chinese economy, inflation pressures, and supply disruptions. Despite this, the market has shown resilience and strength, driven by ongoing supply disruptions and expectations for long-term industrial demand. Investors are positioning for future recovery phases, keeping the market trending upward. The current range between 35.3 and 37.3 is being closely monitored, with key levels at 37.5 and 34.5. A break above 37.5 could lead to a revisit of all-time highs near 40.44, while a failure to break above 37.5 could result in prices rotating back down toward 34.5.

HG: Copper in Focus - Dr. Copper’s Pulse on the Global Economy and Market Outlook

Shutdown looms as ICE shootings spawn partisan fight over DHS funding in US Congress

Top Traders Begin Venezuela Oil Sales with U.S. Blessing

A CIBC economist warns that the Canadian economy may not follow the traditional 'K-shaped' recovery, where high-income earners drive growth while lower-income households struggle. This could lead to muted growth and delayed interest rate hikes. The economist notes that Canadian spending is balanced across income brackets, but this stability masks underlying fragilities in the labor market and household savings.

Why the absence of a ’K-shaped’ economy worries CIBC economist Grantham

Silver prices have reached a new record high, surpassing gold's rise, while oil prices increase following a CME outage. This news may impact the demand for silver and oil, potentially driving prices up.

Commodity wrap: silver hits new record high, dwarfing gold's rise; oil prices up post CME outage chaos - Invezz

Heat batteries are a simple, scalable, and cost-effective solution for energy storage, converting surplus renewable electricity into stored heat. This technology can store energy cheaply and use it where it matters most, as heat, making it an attractive alternative to traditional energy storage methods. Heat batteries are already being implemented in various industries, including households and industrial processes, and have the potential to drive the deepest transformations in the energy transition.

The Overlooked Power of Heat Batteries in the Energy Transition

Trump Orders Review That Could Reopen Offshore Oil Leasing Off California

Inflation May Not Be Tamed. How Commodities Can Protect Your Portfolio. - Barron's

The Securities and Exchange Board of India (SEBI) is launching an investigation into commodity market trades, which may impact the prices of gold, silver, and crude oil. This news may lead to increased volatility in these markets.

SEBI Eyes Commodity Markets: Are Your Gold, Silver, Crude Oil Trades Next? Regulator Launches Major P&L Probe! - Whalesbook

This article reports on oil prices in 2008, with no relevance to current market conditions.

Oil Tops Inflation-Adjusted Record Set in 1980 (Published 2008) - The New York Times

The article discusses Collective Mining, a company with gold, silver, and copper projects in Colombia. The company has options to acquire 100% interests in two projects within an established mining camp. The flagship project, Guayabales, hosts the Apollo system, which has a large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten deposit. However, the article does not provide any specific market impact or predictions. It is a neutral news about an exploration company with no clear implications for the market.

Commodity Spot Price Charts - Gold, Silver, Copper, Platinum, Palladium, Zinc, Uranium, Nickel, Cobalt and Lead - Junior Mining Network

This article is a promotional piece with no relevant information about copper prices or market trends. It does not provide any analysis or insights about the copper market, and its purpose is to encourage readers to invest in copper. The article does not mention any specific data or statistics about copper prices or production, and it does not provide any context about the current market conditions.

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