Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Why Copper Is Surging While Oil Tanks on Iran Truce
Episode 80 of The Commodities Economy digs into the stark divergence between oil and copper in late June 2026. While crude tumbled below $70 on a sudden U.S.-Iran ceasefire, copper jumped 4.6% in five days, defying the broader commodities sell-off. Lucas and Luna explore what's driving the red metal: Chinese stimulus, AI data-center demand, and the energy transition's steel-and-copper backbone. They also unpack why oil's geopolitical risk premium evaporated overnight, and what the 10-year breakeven inflation rate falling to 2.20% means for commodity investors. A focused look at…
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