The post Aluminium: Short supply supports prices despite Gulf outages – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Barbara Lambrecht says Aluminium’s recent correction has likely run its course, with prices rebounding as Chinese and LME inventories fall sharply and Gulf smelter outages persist. The Australian Ministry expects primary Aluminium to be significantly undersupplied this year and next, though longer term it sees strong non-Chinese capacity growth, especially in Indonesia, tempering the structural outlook. Tight market now, capacity boom later “Stocks could fall below 900 Tsd. tons this month. Aluminium stocks registered on the LME have also been falling significantly since the end of October and have dropped below 300 Tsd. tons for the first time since October 2022.” “Also, in its latest market outlook, the Australian Department of Resources and Energy considers price levels in the market to be well supported. Whilst China has partially offset production
The post Germany: Factory recovery prospects – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Dr. Ralph Solveen notes that German industrial output rose 0.9% in May versus April, leaving April–May production slightly above the first-quarter average. With manufacturing sales outperforming output and energy prices having spiked only temporarily, he argues there is a growing likelihood that the German economy avoided contraction in spring and could resume recovery later in 2026 as Oil prices fall. German industry shows tentative improvement “Industrial output rose by 0.9% in May compared with the previous month. As a result, output in April and May was slightly above the Q1 average. Since sales have performed even slightly better, there is a growing likelihood that the German economy did not contract in the spring, despite the massive temporary spike in energy prices.” “Once again, German industry has reported quite encouraging figures: Following yesterday’s report of a si
The post Oil: Gulf supply recovery challenges oversupply narrative – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Carsten Fritsch highlights a rapid recovery in Gulf oil production and exports following the US–Iran agreement, with Brent moving into contango and Saudi Arabia slashing its OSP for Asian buyers. Despite sharply higher observed flows, Fritsch argues that mine clearance, restricted tanker traffic and stock replenishment needs mean the Oil market is unlikely to face a genuine oversupply in the short term. Gulf output rebounds but risks linger “Price signals also suggest that oil supplies have risen more sharply than the official data indicate. This is because the front end of the Brent forward curve is in contango. Initially, only the first two futures contracts were affected.” “Last week, however, the contango structure extended to the first four contracts. Another indication could be Saudi Arabia’s sharp cut in the official selling prices (OSP) for August.
The post Gold: Price dip seen limited as PBoC buying continues – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Carsten Fritsch notes Gold fell to USD 4,120 per ounce after fresh Iranian attacks lifted TTF gas and Oil prices, but Fed rate expectations remain unchanged. He argues downside is limited, as the People’s Bank of China has bought Gold for 20 straight months, recently accelerating purchases and adding 33 tons over the last three months on the lower price environment. Chinese demand cushions recent weakness “The price of gold fell to USD 4,120 per troy ounce this morning following Iranian attacks on two cargo ships and an LNG tanker in the Strait of Hormuz. As a result, the TTF natural gas price rose significantly, and oil prices also edged up slightly, fueling inflation concerns.” “However, there was no change in Fed rate hike expectations. The market continues to anticipate interest rate hikes by the Fed of around 30 basis points by the end of the year. As a r
The UAE's increased oil output and China's demand surge may reshape global oil dynamics, influencing future price trends and market strategies.
The post UAE crude output nears record high post-OPEC exit amid Chinese buying surge appeared first on Crypto Briefing.
Chinese tech giant Alibaba has ordered staff to stop using Anthropic's Claude Code, after it was found to be flagging users connecting from China. But Anthropic is already trying its best to stop Chinese firms from using Claude at all, and accuses Alibaba of running large "distillation" campaigns against it, saying it deployed around 25,000 fake accounts to train its own models on Claude.
The drills underscore rising military readiness and strategic competition, impacting regional stability and influencing market perceptions of conflict.
The post US and Japan lead Valiant Shield 2026 amid Chinese, Russian naval patrols appeared first on Crypto Briefing.
Anthropic's tightened security measures highlight the growing need for robust legal frameworks to protect AI innovations from unauthorized exploitation.
The post Anthropic closes loopholes to prevent Chinese access to Claude appeared first on Crypto Briefing.
