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Shanghai copper stock withdrawals slow, easing supply concerns
SHANGHAI, May 9 (Reuters) - Copper inventories on the Shanghai Futures Exchange (SHFE) decreased again on Friday although the rate of withdrawals slowed, easing concerns that an accelerating drawdown in stocks could cause prices to spike. Copper inventories on the SHFE decreased by 10% sinc...Reuters
Fri, May 9
EU changes to sustainability law risk company lawsuits, legal scholars say
Proposals remove obligation to enact emissions reduction plansCompanies say simpler rules needed to compete with US, ChinaLegal academics say plan may mean more companies are suedEU plan must be negotiated by EU countries and lawmakersBy Kate Abnett BRUSSELS, May 9 (Reuters) - The European Union&...Reuters
Fri, May 9
EUROPE GAS-Prices rangebound amid softer demand, warmer temperatures
LONDON, May 9 (Reuters) - Dutch and British wholesale gas prices continued to trade in a narrow range amid softer demand and higher temperatures.The benchmark Dutch front-month contract TRNLTTFMc1 inched up 0.17 euro to 35.30 euros per megawatt hour (MWh), or $11.27/mmBtu, at 0900 GMT, while the Jul...Reuters
Fri, May 9
REFILE-METALS-Base metals mixed ahead of US-China trade talks
SHANGHAI, May 9 (Reuters) - Prices of base metals were mixed on Friday as traders' focus shifted to U.S.-China trade talks this weekend, after a limited bilateral deal was announced between Washington and London.Benchmark copper CMCU3 on the London Metal Exchange (LME) fell 0.8% to $9,364 a metr...Reuters
Fri, May 9
Nippon Steel Vice Chairman: We Aim To Complete U.S. Steel Deal By June 5
May 9 (Reuters) - Nippon Steel Corp 5401.T:NIPPON STEEL PRESIDENT SAYS EXPECTING ITS CRUDE STEEL OUTPUT IN FY2025/26 TO FALL BY ABOUT 1 MILLION TONS FROM A YEAR EARLIERNIPPON STEEL PRESIDENT: OUR POSITION ON THE PLANNED ACQUISITION OF U.S. STEEL REMAINS UNCHANGEDNIPPON STEEL PRESIDENT: TAKING ALL ST...Reuters
Fri, May 9
RUBBER-Japan futures log weekly gain on US-China trade talk hopes
SINGAPORE, May 9 (Reuters) - Japanese rubber futures climbed for a seventh consecutive session on Friday and posted weekly gains on hopes of easing trade tensions, ahead of the U.S.-China trade talks, while higher oil prices also lent support.The Osaka Exchange (OSE) October rubber contract JRUc6,...Reuters
Fri, May 9
PRECIOUS-Gold rebounds on dip buying; US-China trade talks in focus
Trump says China tariffs will likely come down from 145%Trump, Starmer hail limited US-UK trade deal, but 10% US duties remainSeveral Fed officials scheduled to speak later in the dayBy Anushree Mukherjee May 9 (Reuters) - Gold firmed on Friday on dip-buying after prices dropped earlier in the se...Reuters
Fri, May 9
As trade talks begin, Chinese exporters prepare to get goods moving to US again
Chinese exporters prepare to resume shipping amid hopes for tariff reductionShipping agents buy container space for US-bound goods from mid-MayU.S. retailers face risk of empty shelves without Chinese goodsBy Casey Hall SHANGHAI, May 9 (Reuters) - China-based shipping agents have resumed buying c...Reuters
Fri, May 9
UK sanctions directors of oil trading group over Russian ties
LONDON, May 9 (Reuters) - Britain on Friday announced a package of sanctions aimed at Russia, including placing asset freezes on several directors of oil trading company Coral Energy Group, which is now known as 2Rivers Group.The wider package of sanctions targeted around 100 oil tankers from Russia...Reuters
Fri, May 9
Indonesia eyes cut in fuel imports from Singapore in favour of US as part of tariffs negotiations
JAKARTA, May 9 (Reuters) - Indonesia plans to change the source of some of its fuel imports from Singapore to the United States as part of negotiations over steep tariffs, its energy minister said on Friday. The United States has imposed a 32% tariff on Indonesian goods, but like other countries, i...Reuters
Fri, May 9
China's copper concentrate imports at record high as more smelters prepare to open
SHANGHAI, May 9 (Reuters) - China's copper concentrate imports reached a record high in April, spurred by an expansion of domestic copper smelting capacity that is due to come online later this year despite overcapacity in the sector.Copper concentrate imports hit 2.9 million metric tons in Apri...Reuters
Fri, May 9
Palladium price: Rare metals advance at the start of the European session
Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Friday, according to FXStreet data. Palladium (XPD) changes hands at $980.03 a troy ounce, with the XPD/USD pair advancing from its previous close at $976.60.Fxstreet
Fri, May 9
COLUMN-Indonesia coal exports post rare decline so far in 2025: Maguire
By Gavin MaguireLITTLETON, Colorado, May 9 (Reuters) - Indonesia's exports of thermal coal have dropped to their lowest in three years so far in 2025, dented by weak demand in China and India - the world's two largest coal consumers.The world's largest exporter of coal for power generati...Reuters
Fri, May 9
BASF's agriculture arm eyes seeds and Asia as it prepares for listing
By Patricia Weiss and Ludwig Burger May 9 (Reuters) - BASF's BASFn.DE agriculture unit is aiming to expand in Asia and global seed markets as it prepares for a stock market listing in about two years, a senior executive told Reuters.The German industrial chemicals giant has said that its Agri...Reuters
Fri, May 9
Indonesia plans to change some fuel import sources to US as part of tariffs negotiation, minister says
JAKARTA, May 9 (Reuters) - Indonesia's energy minister said on Friday the country planned to change the source of some of its fuel imports from Singapore to the United States as part of tariffs negotiations.Reuters
Fri, May 9
FOCUS-Walmart calls, but India's garment worker woes blunt tariff edge
American retailers ramp up queries to India apparel hub Heftier US tariffs on China, Bangladesh make India competitiveIndia's Tiruppur textile hub faces worker shortage, higher costsBangladesh still has advantage on labour rates, larger factories By Dhwani Pandya, Praveen Paramasivam, Ruma Paul ...Reuters
Fri, May 9
