News
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Almonty Enters Into Binding Offtake Agreement To Supply Tungsten Oxide Solely For U.S. Defense Applications
May 7 (Reuters) - Almonty Industries Inc AII.TO:ALMONTY ENTERS INTO BINDING OFFTAKE AGREEMENT TO SUPPLY TUNGSTEN OXIDE SOLELY FOR U.S. DEFENSE APPLICATIONSALMONTY ENTERS INTO BINDING OFFTAKE AGREEMENT TO SUPPLY TUNGSTEN OXIDE SOLELY FOR U.S. DEFENSE APPLICATIONSALMONTY INDUSTRIES INC - TPW TO PURCHA...Reuters
Wed, May 7
Equinix Malaysia unit eyes alternative energy options amid expected electricity tariff hike
KUALA LUMPUR, May 7 (Reuters) - The Malaysian unit of data centre firm Equinix EQUIX.O said on Wednesday it is looking at various providers of alternative energy as it expects an impending increase in domestic electricity tariffs to raise its costs.Malaysia's government has previously announced ...Reuters
Wed, May 7
Barrick Mining's quarterly profit beats on gold price rally
May 7 (Reuters) - Barrick Mining ABX.TO reported a first-quarter profit on Wednesday that beat analysts' estimates, driven by a surge in gold prices.On an adjusted basis, the company, previously known as Barrick Gold, earned 35 cents per share in the quarter, compared with analysts' average ...Reuters
Wed, May 7
Mining convoy attacked in Mali on road to Allied Gold's Sadiola mine, sources say
By Portia Crowe May 7 (Reuters) - A convoy transporting heavy mining equipment from the Malian capital Bamako to Allied Gold's AAUC.TO Sadiola mine came under attack in the Kayes region over the weekend, two people familiar with the incident told Reuters late on Tuesday.The attack points to e...Reuters
Wed, May 7
Greece, Egypt set to sign deal to boost ties, says Sisi
ATHENS, May 7 - Greece and Egypt will sign a "strategic partnership" agreement on Wednesday as the two countries seek to step up political coordination to help safeguard stability in the Eastern Mediterranean, Egyptian President Abdel Fattah al-Sisi said."Our relations are traditional an...Reuters
Wed, May 7
Companies withdraw guidance amid Trump's tariffs
May 7 (Reuters) - The sweeping tariffs imposed by U.S. President Donald Trump since April 2 and the subsequent pauses on some of them have generated uncertainty for companies worldwide, causing some to withdraw or refrain from giving financial guidance.Here is a list of companies that have made such...Reuters
Wed, May 7
Exxon plans $1.5 billion investment in Nigerian oilfield
By Isaac AnyaoguLAGOS, May 7 (Reuters) - Energy giant ExxonMobil XOM.N is set to inject $1.5 billion into the development of its deepwater operations in Nigeria, the country's oil regulator said on Wednesday. The planned capital deployment, spanning from the second quarter of 2025 to 2027, will ...Reuters
Wed, May 7
EUROPE GAS-Prices rangebound after rising to one-week high
LONDON, May 7 (Reuters) - Dutch wholesale gas prices were trading in a narrow range on Wednesday morning after rising to their highest in a week the previous day.The benchmark Dutch front-month contract TRNLTTFMc1 inched down by 0.40 euro to 34.50 euros per megawatt hour (MWh) at 0719 GMT...Reuters
Wed, May 7
METALS-Most London metals down on caution ahead of US-China trade talks
SHANGHAI, May 7 (Reuters) - Prices of most metals in London were down on Wednesday as investors' caution about the outcome of an upcoming meeting between key U.S. and Chinese trade officials outweighed optimism about Beijing's economic stimulus efforts.Benchmark copper CMCU3 on the London Me...Reuters
Wed, May 7
Orsted cancels major UK wind project as economics worsen
COPENHAGEN, May 7 (Reuters) - Orsted ORSTED.CO will abandon a major offshore wind farm project in Britain, it said on Wednesday, citing a deteriorating global business environment for developing renewable energy.Orsted's market value has fallen by around 80% from its 2021 peak as costs have ris...Reuters
Wed, May 7
TABLE-UAE's Fujairah oil inventory data for week ended May 5
May 7 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended May 5, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from the...Reuters
Wed, May 7
New carbon credit scheme targets 60 plants by 2030 for coal phaseout
Formal guidelines issued for use of carbon finance to shut coal-fired power Plan could mobilise $110 billion in finance, Rockefeller Foundation says SLTEC plant in Philippines first in line to adopt carbon credit scheme By David StanwaySINGAPORE, May 7 (Reuters) - The Rockefeller Foundation aims to ...Reuters
Wed, May 7
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $973.20 a troy ounce, with the XPD/USD pair easing from its previous close at $978.15.Fxstreet
Wed, May 7
BMW expects 'notable' impact from tariffs in Q2, CFO says
FRANKFURT, May 7 (Reuters) - BMW BMWG.DE expects auto import tariffs that came into effect in early March to have a "notable" impact on second-quarter results, its finance chief Walter Mertl said, even as the premium carmaker confirmed its 2025 outlook."The geopolitical and macroeconomic...Reuters
Wed, May 7
