Copper nears record high as supply crunch outweighs recession fears

The surge in copper prices highlights the critical role of infrastructure and technology demands, potentially reshaping global economic dynamics. The post Copper prices surge to record $6.5 per pound amid tight supply and AI-fueled demand appeared first on Crypto Briefing.

The post Iran’s Kharg Island oil shipments halt for first time since war began appeared on BitcoinEthereumNews.com. Iran’s main oil export terminal, Kharg Island, has gone dark. For the first time since regional conflict escalated, seaborne crude shipments from the facility have ground to a prolonged halt, with satellite imagery showing no tankers loading for multiple consecutive days. The stoppage isn’t a technical glitch or a scheduling gap. It’s the result of an intensified US naval blockade that has now prevented Iran from successfully exporting crude oil by sea for 28 straight days. What Kharg Island means for Iran’s economy Here’s the thing about Kharg Island: it handles nearly 90% of Iran’s oil exports. It’s not just important infrastructure. It is the infrastructure, the single chokepoint through which almost all of Iran’s crude reaches the global market. Satellite images have confirmed what tracking data suggested: no oil tankers have been loading at the terminal for an extend

The post Copper: Tariff risk fuels rally – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Commodity Analyst Barbara Lambrecht highlights that Copper has surged to record levels on the London Metal Exchange, supported by structural demand from the energy transition and data centers. At the same time, the US is considering extending tariffs to refined Copper from 2027, encouraging pre-emptive stockpiling and tightening supply outside the US. Chinese production data due next week will be closely watched. Record prices and looming US tariffs “In the base metals markets, sentiment remains positive despite another significant rise in energy prices: The London Metal Exchange index even hit a new record high this week. A ton of copper cost more than USD 14,000.” “In addition to concerns about a shortage of copper ore, fears of an expansion of US tariffs on metal imports are likely also playing a role in the current copper price rally. The US Department of Commerce is expected t

The halt in Iran's oil exports could exacerbate global energy supply issues, impacting economic stability and influencing risk asset markets. The post Iran’s Kharg Island oil shipments halt for first time since war began appeared first on Crypto Briefing.

The copper gold ratio has broken above its 200-day moving average for the first meaningful time since September 2020. The copper gold ratio is a closely watched macro signal measuring the relative strength of copper, an industrial metal tied to…

The post The 2020 signal returns: Why the copper-to-gold breakout could point to bitcoin (BTC) breakout appeared on BitcoinEthereumNews.com. The copper-to-gold ratio has broken above its 200-day moving average for the first meaningful time since September 2020, a development that has historically coincided with the early stages of bitcoin BTC$80,949.32 bull markets. The ratio currently stands at 0.00142, with copper trading at $6.65 per pound and gold near $4,700 per ounce. Previous surges in the ratio during 2013, 2017, and 2021 aligned with major gains in bitcoin prices. The correlation coefficient between bitcoin and the copper-to-gold ratio currently sits at -0.11, though it has rebounded sharply from -1.00. This suggests the two assets are not yet positively correlated, but the relationship is beginning to strengthen. Historically, during bitcoin’s strongest bull runs, the correlation has moved toward or above 1.0. The current negative reading largely reflects the earlier divergen

The post Copper: Prices hold near records despite Iran risks – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Thu Lan Nguyen notes Copper prices are trading close to January’s intraday record despite renewed Iran–US tensions and higher Oil prices. Markets currently anticipate limited economic fallout as long as a Hormuz reopening deal is reached, but prolonged disruption could hurt growth. Additional support comes from slower Chinese Copper ore imports and potential supply constraints linked to sulfuric acid shortages. Tight ore supply and risk balance “However, the recovery seen in recent weeks across a wide range of financial markets (such as the stock market) has shown that the market currently fears only limited economic repercussions from the ongoing crisis in the Middle East.” “This is the case only if US and Iran leaders reach an agreement in the foreseeable future that allows for the opening of the Strait of Hormuz. The longer the blockade lasts, however, the mo

Prolonged high rates may tighten financial liquidity, impacting crypto markets and potentially strengthening the US dollar, affecting global demand. The post Goldman Sachs delays Fed rate cut outlook to December 2026 amid inflation pressures appeared first on Crypto Briefing.