Commodities
Blue Moon Metals secures Nevada tungsten permits, eyes 2027 startup
Nevada Division of Environmental Protection transfers key permits to Blue Moon Metals for the Springer tungsten project, allowing construction to begin as the company targets late 2027 production.
Swiss nuclear plant costs estimated at $14-43 bln in new study
A report by Swiss Academies of Sciences estimates construction costs for a new nuclear reactor between 14 billion and 43 billion francs, factoring in delays and financing risks. State support likely required.
Northern Star posts 22% EBITDA jump in FY26 as gold output slips
Underlying earnings rose to A$4.3 billion as higher gold prices offset a 6% drop in sales volume. Expansion at KCGM mill and Hemi project FID targeted for FY27.
Parex Resources targets 90,000 boe/d output by year-end after Frontera deal
Canadian oil producer Parex Resources outlined production growth to over 90,000 boe/d by December, debt reduction targets and a 6% dividend yield at EnerCom Denver. Colombia-focused assets drive expansion.
Deutsche Bank flags mixed impact of U.S.-Canada tariff cut on aluminum sector
Analysts see Canadian producers gaining from lower tariffs while U.S. smelters and European premiums face pressure, with Midwest premiums projected to fall to 80-90 cents.
Gold steadies near two-month peak as Treasury buybacks weigh on yields
Gold futures edge higher after U.S. Treasury expands long-dated debt repurchases, pushing 30-year yields down 9 bps. Brent crude climbs 2% to $93.54/bbl.
Oil steadies as U.S. tightens Iran sanctions amid Hormuz tensions
Brent crude holds near $93, WTI climbs 2.2% after Trump vows new economic penalties on Iran. Strait of Hormuz disruptions remain a key supply risk.
Gold steadies ahead of third straight weekly gain
Gold prices held firm on Friday, consolidating gains that could mark a third consecutive weekly increase.
ASP Isotopes outlines commercialization roadmap at Emerging Growth Conference
CEO Paul Mann details multi-phase expansion plans for helium, LNG, and medical isotopes, targeting $300 million EBITDA by 2031. Stock has fallen 73% from 52-week high.
U.S. Treasury Secretary to address Iran sanctions amid oil price surge
Scott Bessent to hold press conference Monday as oil hits three-week highs amid escalating U.S. pressure on Iran. Comments follow Trump’s warning to allies over lifelines to Tehran.
U.S. natural gas prices stay below $3 as supply glut persists
Henry Hub futures remain trapped below $3 per MMBtu amid record production and weak demand, with EIA trimming its third-quarter outlook by 50 cents.
US Treasury yields rise after Wednesday’s rally as supply concerns persist
Ten-year Treasury yields climbed to 4.65% after the market’s brief rebound on supply signals faded. The U.S. debt load exceeds $40 trillion as fiscal pressures mount.
Fortescue reports 3% rise in annual profit on record iron ore shipments
Underlying net profit after tax reached $3.5 billion for FY26, supported by 201.3 million tons of iron ore shipments and a 7% increase in realized prices. FY27 guidance points to higher costs and capital expenditure.
Oil market in backwardation as WTI hovers near $84, cracks surge; Hormuz risk remains key
Front-month WTI crude trades near $84 as backwardation deepens, diesel crack spreads hit record highs and geopolitical risks around the Strait of Hormuz keep the market on edge. The weekly EIA report adds mixed signals.
Yancoal posts 42% rise in first-half profit on record coal output
Thermal and metallurgical coal sales surge 22% and 9% respectively as Yancoal Australia reports record attributable production of 19.8 million tonnes for 1H 2026.
IsoEnergy forms DISA Uranium with $105M financing, $33M investment
New uranium venture combines IsoEnergy’s Utah mines with DISA’s remediation tech. DISA Uranium secures $105M private placement, with IsoEnergy taking a 33% stake.
Big Sky Industrial pivots to helium, CO2 in Montana play
Micro-cap firm shifts from oil output to helium and carbon management, targeting $15 million annual EBITDA from Phase 1 assets with 1.3 bcf helium reserve.
Austevoll Q2 2026 results miss estimates as Peru disruption hits
Norwegian seafood group Austevoll Seafood reported a 14% revenue decline in Q2 2026, missing estimates as Peru’s anchoveta fishery collapse and El Niño disrupted operations. Whitefish segment outperformed amid rising cod and haddock prices.
U.S. Treasury yields surge in 2026 as bond ETFs face steep losses
Long-dated Treasury yields hit multi-year highs in August 2026 amid fiscal deterioration and inflation persistence, pressuring bond ETFs like TLT and AGG into deep oversold territory.
China rare earth exports to U.S. hit second-highest levels since 2025 curbs
Yttrium oxide and rare earth magnets shipped to the U.S. in July reached the second-largest volumes since Beijing imposed export restrictions in April 2025, underscoring strategic supply chain resilience amid geopolitical tensions.
China ramps up yttrium exports to U.S. ahead of Xi trade talks
July shipments of yttrium oxide to the U.S. hit the second-highest level since Beijing imposed rare earth controls in April 2025, easing pressure on aerospace supply chains.
Northwest Europe gasoline margins jump to $39.78 on supply tightness
Refining margins surged 53 cents to $39.78 per barrel Wednesday as regional supply tightened amid Ukrainian refinery attacks and Russian fuel diversion to Asia.
U.S. Rare‑Earth Funding in Africa: A Token Gesture or Real Supply‑Chain Shift?
The Development Finance Corporation’s $62.8 million pledge to African rare‑earth projects sounds like a strategic win, but private‑sector hesitation suggests the road to a diversified market is still steep.
Oil shipping slows at Strait of Hormuz after vessel attack
Commodity vessel transits fall to six on Tuesday as operators avoid the chokepoint amid escalating regional tensions and conflicting claims over control.