Deutsche Bank warns of copper crunch, sees $10/lb needed
Deutsche Bank predicts a copper supply squeeze, targeting $10/lb by 2027, as inventories shrink and tariffs lock up metal.
Trump and Bessent discussed a diesel ban. Trump reported Iran talks lasted 3 hours and 'went very well,' with another planned. Witkoff said they feel good;…
A diesel export ban was the subject of talks between Trump and Bessent, with Bessent noting it had been examined and Trump saying he had advocated for it.
Trump reported that their conversation with Iran 'went very well' and lasted three hours, adding that another session was scheduled soon.
Oil saw negative ticks from the Iran discussion, while the diesel ban could create problems for allies.
Regarding the Iran meeting, US Envoy Witkoff said they 'feel very good right now'.
On Ukraine, Trump said: 'Zelensky and I are working to formulate a solution that will bring an end to the war.' He also said Putin wants to meet to end the war.
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Deutsche Bank predicts a copper supply squeeze, targeting $10/lb by 2027, as inventories shrink and tariffs lock up metal.
Oil prices dipped after a report that Trump backs easing Russia sanctions for political prisoners. Initiative still early.
Silver faces continued downside risk as US-Iran talks remain the key market focus.
Gold paused its slide as US-Iran dialogue revived deal expectations. Traders now await diplomatic outcomes for price catalysts.