Commodities
LATEST NEWS FROM COMMODITIES
Commodities
Aluminium's years of plenty are drawing to a close
The global aluminium market has been in structural supply surplus for so long that it's hard to imagine a genuine shortage of the light metal.
Commodities
Commodities could be on the verge of a new super cycle
Commodities have had a rough decade, but a confluence of structural factors suggests that after years of underinvestment, the stage may be set for the next super cycle.
Commodities
Beijing urges top hog producers to cut output, state media says
China has called on its top hog producers to "take the lead" in cutting output, state-run Shanghai Securities News reported on Thursday, as the country battles a supply glut and sl...
Commodities
Oil market blind spots give traders a nasty headache
Growing blind spots in the oil market driven by geopolitics are making it harder to determine the true supply-demand balance in the world’s largest and most important commodity mar...
Commodities
China import surge drives seaborne thermal coal prices up
A rebound in China's imports of seaborne thermal coal has helped prices recover, but the boost is likely to prove temporary as recent strength in coal-fired electricity generation ...
Commodities
Shell adjusts retail staffing amid shortages at Indonesian petrol stations
Shell said it is adjusting operational hours and staffing levels at some of its gas stations in Indonesia as a result of supply shortages, as the government insisted they would not...
Commodities
Mercuria plans to take large amounts of aluminium from LME storage, sources say
Mercuria has indicated it plans to take almost 100,000 metric tons of aluminium from London Metal Exchange warehouses, three sources familiar with the matter told Reuters, a move t...
Commodities
Hungary bans foreign takeover of dairy company citing supply safety concerns
Hungary's government has banned the foreign takeover of dairy company Alfoldi Tej Kft, citing supply safety concerns and national interests, the Economy Ministry said on Tuesday.
Commodities
UK gas traders need to watch how the wind blows this winter
The outlook for wind speeds around the United Kingdom this autumn and winter will likely be decisive for the UK's gas market over the coming months, with potentially far-reaching c...
Commodities
Soft China steel output shrugged off by robust iron ore
The divergence between China's soft steel sector and its robust appetite for imported iron ore widened in August, highlighting the difference between reality and hope.
Commodities
Australia's Peak Rare Earths picks $130 mln Shenghe takeover; rejects higher U.S. bid
Australia's Peak Rare Earths said on Tuesday it approved a takeover by Chinese rare earths producer Shenghe Resources , choosing deal certainty with its top shareholder over a high...
Commodities
Canada PM told Anglo American to move HQ to Canada for Teck deal nod, Globe and Mail reports
Canadian Prime Minister Mark Carney told Anglo American to move its headquarters to Canada or its proposed acquisition of Teck Resources would not be allowed to proceed, the Globe ...
Commodities
BP's Brazil oil discovery signals receding fears of stranded assets
BP's recent discovery of a giant oilfield offshore Brazil has reignited investor enthusiasm, echoing the aggressive exploration era two decades ago when companies were thirsty for ...
Commodities
China keeps building crude oil stockpiles even as processing gains
China's surplus crude surged to just over 1 million barrels per day (bpd) in August as robust imports and domestic production trumped an increase in refinery processing.
Commodities
EU clears Malaysia's palm oil certification for new deforestation rule
The European Union has recognised the Malaysian Sustainable Palm Oil (MSPO) certification as a credible standard that can facilitate compliance with EU's new deforestation regulati...
Commodities
Zijin Gold to open Hong Kong IPO books next week, targeting over $30 billion valuation, sources say
Zijin Gold International, a wholly-owned unit of China's mining giant Zijin Mining , is planning to start bookbuilding for its Hong Kong initial public offering next week, targetin...
Commodities
EU will propose new way to curb steel imports, says EU chief
The European Commission will propose a new method to curb imports of steel from rivals to protect domestic producers, Commission President Ursula von der Leyen said on Wednesday.
Commodities
Europe’s next big challenge is closing its energy security divide
Nearly four years after Europe’s energy crisis erupted in late 2021, the continent has moved from emergency response to system redesign. But the European Union is not out of the wo...
Commodities