STONK launched on September 6. Reported rewards above USD 25M need independent audit, while liquidity and volume dependence remain key risks.

A widening mismatch between global copper mining and smelting capacity is tightening mine supply and worsening inventory imbalances, the Indian Primary Copper Producers Association said. LME copper reached a record $14,737 per tonne in September 2026, up nearly 50% over the past year. Comex stocks climbed to a record 675,000 tonnes while LME warehouse inventories fell to critically low levels, underscoring a tight spot market, according to IPCPA.

The Indian rupee slipped 25 paise to 95.33 against the US dollar in early trade on Thursday after Brent crude moved above USD 100 a barrel, stoking worries over India’s import costs. India imports nearly 90 per cent of its crude, and every USD 10 rise in oil can add roughly USD 1215 billion to the annual import bill, putting pressure on the current account and the rupee. In the previous session, the rupee ended 34 paise lower at 95.08. Domestic equities edged up, while foreign investors were net sellers of shares.

Meta has rolled out Muse, a personal AI agent it says can book travel, send emails and make purchases for users. The service offers a free tier as well as monthly subscriptions priced at $20 or $100, depending on usage. After the announcement, Meta shares rose more than 6% on Wednesday. The company has stepped up investment in AI and expects capital spending to reach $145 billion this year, nearly double its 2025 outlay.

Apple introduced its first foldable phone, the iPhone Duo, priced at $1,999. The passport-style device opens into a 7.6inch display that can be used horizontally or vertically and includes a smaller outer screen when folded. The launch was led by new CEO John Ternus and is seen as Apple’s biggest iPhone redesign since the iPhone X in 2017. Analysts forecast strong demand and say Apple could take 40% of the foldable market by the end of next year, even as the stock fell 0.3% on the day of the announcement.

Apple has unveiled its foldable iPhone Duo, priced at $1,999—$500 below the $2,500 level the market had expected. The company is positioning the device as a premium play built around high-end design and tighter ecosystem integration, aiming to take on Samsung and Huawei. IDC data show global foldable shipments fell 15% year over year in the first half of 2026, while Huawei held 50% of units and 55% of value in the second quarter. IDC forecasts foldable value to grow at a 20.6% CAGR from 2026 to 2030, with Apple contributing 81% of net value growth and 71% of net unit growth over that period.

Spot gold hovered around $4,396.69 per ounce, while December gold futures fell 0.4% to $4,440.80. Investors are awaiting the U.S. producer price index and consumer inflation data to gauge the Federal Reserve’s interest-rate path. Most economists expect the Fed to keep rates unchanged at its September 1516 meeting and through the rest of the year, though the CME FedWatch Tool still shows markets pricing a 60% chance of a hike this month. Elsewhere, silver was flat, platinum edged up 0.1% and palladium rose 0.2%, with the European Central Bank set to announce its rate decision.

Currency markets were subdued as rising oil prices pushed global bond yields to their highest levels since last year, with benchmark 10-year U.S. Treasury yields at their highest since 2023. The euro and sterling edged lower, while the yen paused near a seven-month high ahead of U.S. inflation data and an expected Bank of Japan rate hike next week. Investors are also watching the European Central Bank for another rate increase and guidance on further tightening.