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Copper Rally Continues Despite US Rejecting Iran Peace Proposal
Copper prices are pushing firmly higher again this week extending the bull run from last week where copper futures advanced more than 8%. Risk appetite remains strong this week, keeping commodities prices underpinned, despite no developments in the US/Iran peace process. Sentiment was strengthened last week by an easing of tensions and positive signals from both sides, leading to speculation that a dela could be on the way ahead of a scheduled meeting between Trump and Xi later this week. However, after Trump rejected the latest peace proposal from Iran, the standoff remains and with neither side willing to concede ... (full story)
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From theguardian.com|May 11, 2026|5 commentsCatherine West, the Labour MP who announced a challenge to Keir Starmer’s leadership, has changed course and said she instead wants the prime minister to set a timetable of ...
From barrick.com|May 11, 2026Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today reported first quarter operating and financial results for the period ended March 31, 2026. Barrick ...
From @Peston|May 11, 2026|54 commentsI understand Labour MP Catherine West will press ahead with her stalking-horse leadership challenge to the prime minister. She will email all Labour MPs about it later today. Keir Starmer’s closest supporters fear she will get the 81 nominations needed. That would trigger a… ITV journalist Robert Peston reports that British MP Catherine West is preparing to challenge Prime Minister Keir Starmer for leadership of the Labour Party. pic.twitter.com/kCmg7WRniX
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From gold.org|May 11, 2026While geopolitics continued to dominate headlines last week, markets focused on strong earnings and supportive economic data. In the US, stable labor markets and solid corporate ...
From @FirstSquawk|May 11, 2026|89 commentsSAUDI ARAMCO CEO NASSER: WE EXPECT DEMAND RATIONING TO CONTINUE AS LONG AS SUPPLY REMAINS DISRUPTED THROUGH THE STRAIT OF HORMUZ SAUDI ARAMCO CEO NASSER: THERE IS AN APPARENT DISCONNECT BETWEEN FUTURES AND PHYSICAL MARKETS, AS EVIDENCED BY STRONG REFINING MARGINS THAT REFLECT MARKET TIGHTNESS - WE EXPECT DEMAND RATIONING TO CONTINUE AS LONG AS SUPPLY REMAINS DISRUPTED THROUGH THE STRAIT OF HORMUZ #OOTT Aramco’s CEO Amin Nasser: If the disruption continues at this rate, the market will lose around 100 million barrels for every week the Strait of Hormuz remains closed. This loss will have to be covered by onshore inventories - the only buffer in the system today. #OOTT HORMUZ CLOSURE INTO JUNE WILL PROLONG RECOVERY TO 2027: ARAMCO SAUDI ARAMCO CEO NASSER: THE URGENCY TO ENSURE SECURITY OF SUPPLY WILL LEAD TO RAPID RESTOCKING AND REBUILDING OF STRATEGIC RESERVES AND COMMERCIAL INVENTORIES
From @NourHammoury|May 11, 2026|27 comments*IRAN SAYS DEPLOYED DEEP-ROAMING SUBMARINES IN STRAIT OF HORMUZ *IRAN'S SEMI-OFFICIAL TASNIM NEWS REPORTS ON SUBMARINES
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- May 11, 2026 6:36am Posted byTechnical Analysis93
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