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Australia's S&P/ASX 200 closed down 92.70 points, or 1.03%, at 8,918.20 on Tuesday, Sept. 8.

2026-09-08

Australia's S&P/ASX 200 closed down 92.70 points, or 1.03%, at 8,918.20 on Tuesday, Sept. 8.

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2026-09-08

Kuwait's crude exports have risen to about 1.0 mln bpd as shipping through the Strait of Hormuz resumes, including ship-to-ship transshipments outside the strait, Kuwait Oil Co. International Marketing MD Sabah said. The company is delivering directl

Kuwait's crude exports have risen to about 1.0 mln bpd as shipping through the Strait of Hormuz resumes, including ship-to-ship transshipments outside the strait, Kuwait Oil Co. International Marketing MD Sabah said. The company is delivering directly to customers and is using owned and chartered tankers; as more tankers find routes through the strait, exports have recovered to roughly two-thirds of last year's daily average of 1.6 mln bpd after falling to multi-year lows following the outbreak of war between the US and Iran in late February.
2026-09-08

LME three-month copper prices broke through January's high and set a new record. Grid expansion, data centers, and electrification are indeed providing long-term demand support, with the IEA predicting copper demand will increase by approximately 7 m

LME three-month copper prices broke through January's high and set a new record. Grid expansion, data centers, and electrification are indeed providing long-term demand support, with the IEA predicting copper demand will increase by approximately 7 million tons by 2040. Supply is also under pressure: global mine production fell 1.1% in the first half of the year, and Chilean copper production in July decreased by 9.4% year-on-year to 403,400 tons. However, according to Reuters, this record high cannot be simply attributed to "global inventory depletion." Potential US tariffs on refined copper have attracted a large influx of metal into COMEX, leading to a decline in LME and other non-US market inventories; meanwhile, there was still a global surplus of approximately 131,000 tons of refined copper in the first half of the year.
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