Israeli Strikes Across Lebanon Killed at Least 22

The Copper Chart Causing Alarm Copper futures in London continue to move higher, once again approaching record highs, as US buyers purchase record volumes from the seaborne market, with imports reaching 200,000 tons in July. A phased US tariff would keep that buying in motion for longer, further tightening the ex-US market and limiting any near-term price correction in London trading. Rafael Barcellos, head of Latin American Metals & Mining and Pulp & Paper Equity Research at Bradesco BBI, wrote in a note last week that global mine supply is deteriorating....

Israel continued its offensives in southern Lebanon over the weekend, including operations around Beaufort Castle, which they presently occupy. The IDF reported that those operations involved an attack on Hezbollah fighters at Ali Taher Ridge. “The soldiers struck the terrorists and eliminated them in order to remove the threat,” was the official statement on the matter. […]

Court Rejects DOE Order To Delay Michigan Coal Plant Retirement By Ethan Howland of UtilityDive A federal appeals court on Friday vacated the Department of Energy’s emergency order requiring the owners of a coal-fired power plant in Michigan to delay its planned retirement, saying the move usurped state authority over generating resources. “The federal government has, until now, issued stopgap generation orders in response only to transitory emergencies caused by war, extreme weather events, market manipulation, or unplanned, short-term unavailability of specific generation units,” the U.S. Appeals Court for the District of...