News
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Germany's Aurubis to ramp up new US copper recycling facility
By Pratima DesaiSANTIAGO, April 8 (Reuters) - Aurubis NAFG.DE will be ramping up its copper recycling smelter in the U.S. this year, the German company's CEO Toralf Haag told Reuters on Wednesday, adding Aurubis sees more potential for investment in future years.Aurubus has invested $800 million...Reuters
Wed, Apr 9
CBOT declares force majeure for Ohio River wheat shipping stations
CHICAGO, April 9 (Reuters) - The CME Group, parent of the Chicago Board of Trade, declared force majeure for wheat shipping stations on the Ohio River due to flooding, the exchange said in a statement on Wednesday.High water and/or flooding made grain load-out impossible at delivery points for CBOT ...Reuters
Wed, Apr 9
Peru mining chamber sees 2025 copper production up 2-4%
SANTIAGO, April 9 (Reuters) - Peru's copper output is expected to grow between 2% and 4% this year, said the head of the country's mining chamber, Julia Torreblanca.That would put Peru's copper production between 2.79 million and 2.85 million metric tons, compared to 2.74 million tons la...Reuters
Wed, Apr 9
Occidental Petroleum Corp - Q1 Average Realized Oil Price Worldwide Was $71.07 Per Barrel - SEC Filing
Occidental Petroleum Corp OXY.N:OCCIDENTAL PETROLEUM CORP - Q1 AVERAGE REALIZED OIL PRICE WORLDWIDE WAS $71.07 PER BARREL - SEC FILINGOCCIDENTAL PETROLEUM: Q1 AVERAGE REALIZED PRICES FOR NGL TOTAL WORLDWIDE WAS $25.94/BBLOCCIDENTAL PETROLEUM CORP: Q1 AVERAGE REALIZED PRICES OF NATURAL GAS WORLDWIDE ...Reuters
Wed, Apr 9
NextDecade signs 20-year deal with Aramco to supply LNG from Rio Grande facility
April 8 (Reuters) - U.S. liquefied natural gas producer NextDecade NEXT.O said on Tuesday it had signed an agreement with a subsidiary of top oil producer Saudi Aramco 2222.SE to supply the superchilled gas from its Rio Grande facility for 20 years.The United States is already the world's larges...Reuters
Wed, Apr 9
Trump says he does not want to see US Steel go to Japan
WASHINGTON, April 9 (Reuters) - U.S. President Donald Trump said on Wednesday that he does not want U.S. Steel Corp X.N to go to Japan, suggesting he no longer supports Nippon Steel's 5401.T bid for the American steel producer.Shares of U.S. Steel fell 13% after the comment in trading after the ...Reuters
Wed, Apr 9
CBOT corn nears one-month top, climbing after Trump pauses most tariffs
CHICAGO, April 9 (Reuters) - Chicago Board of Trade corn futures ended firmer on Wednesday and the most-active May contract CK25 reached its highest in nearly a month after U.S. President Donald Trump announced a 90-day pause in many of the tariffs unveiled last week.CBOT May corn CK25 settled up 5 ...Reuters
Wed, Apr 9
SOFTS-Cocoa rises sharply, sugar down before US tariff reversal
NEW YORK, April 9 (Reuters) - Cocoa prices rose sharply on ICE on Wednesday, with dealers citing a technical recovery amid oversold signals after the market hit its lowest levels in five months earlier in the session.Coffee prices ended little changed after earlier hitting multi-month lows as well, ...Reuters
Wed, Apr 9
VW quarterly results plunge on US tariffs, EU carbon rules, restructuring
BERLIN, April 9 (Reuters) - Volkswagen VOWG.DE said the uncertainty caused by U.S. President Donald Trump's tariffs was among the factors leading its operating results to plunge to 2.8 billion euros ($3.07 billion) in the first quarter from 4.6 billion last year.Results at Europe's largest c...Reuters
Wed, Apr 9
CBOT wheat ends higher as tariff pause announced
April 9 (Reuters) - Chicago Board of Trade wheat futures closed up on Wednesday as President Donald Trump said the U.S. would put a 90-day pause on many of the sweeping tariffs announced last week. CBOT May soft red winter wheat WK25 settled up 2-1/4 cents at $5.42-1/4 per bushel. K.C. May hard red ...Reuters
Wed, Apr 9
Venezuela's oil flows again, after a week of panic
Tankers return to ports to finish loading a week after pause, delaysCrude cargoes set sail, destinations include India and ChinaCuba has benefited, to receive more cargoes this month April 9 (Reuters) - Many buyers of Venezuelan oil have resumed loading crude onto tankers after a week-long hiatus...Reuters
Wed, Apr 9
US Plains HRW Wheat-Basis bids flat amid slow selling
CHICAGO, April 9 (Reuters) - Spot basis bids for hard red winter wheat were unchanged in the U.S. Plains states on Wednesday as farmer selling was slow and industry players monitored dryness in the U.S. wheat belt, dealers said. * Wheat futures ticked higher on weather risks, a weakening dollar a...Reuters
Wed, Apr 9
GRAINS-Soy surges 2%; corn, wheat rally after Trump pauses most tariffs
By Renee Hickman and Julie Ingwersen CHICAGO, April 9 (Reuters) - U.S. soybean futures soared by 2% on Wednesday while corn and wheat closed higher, rallying along with crude oil CLc1 and equity markets after U.S. President Donald Trump said he would pause the tariff increases he anno...Reuters
Wed, Apr 9
CBOT soybeans rally on news of tariff pause
CHICAGO, April 9 (Reuters) - Chicago Board of Trade soybean futures traded near flat, then shot higher near the end of the session on Wednesday as U.S. President Donald Trump announced a 90-day pause on the tariff increases he announced last week for most countries, even as he raised them on China.C...Reuters
Wed, Apr 9
Oil jumps 4% after Trump pauses tariffs on many countries, raises China levy
Trump authorizes 90-day pause on tariffs for most countries, raises China tariff rate to 125% China imposes additional tariffs on US goodsUS crude oil stockpiles rose last week, EIA saysBy Nicole Jao NEW YORK, April 9 (Reuters) - Oil prices climbed more than 4% on Wednesday, bouncing back from fo...Reuters
Wed, Apr 9
World Bank investment arm commits $300 million loan to Pakistan's Reko Diq mining project
April 9 (Reuters) - The World Bank's private investment arm, International Finance Corporation, will provide $300 million in debt financing for Pakistan's Reko Diq copper-gold mining project, an IFC disclosure said on Wednesday.Reuters
Wed, Apr 9
ICE canola futures boosted by global tariffs suspension
WINNIPEG, Manitoba, April 9 (Reuters) - ICE canola futures edged higher on Wednesday, with a powerful upturn from soyoil after the White House announced a 90-day "pause" on many global tariffs.• The news broke after noon Wednesday, with an immediate surge in prices across many markets includ...Reuters
Wed, Apr 9
USDA to lose bird flu response employees, source says
USDA spokesperson said agency is reviewing upcoming staff departuresSource says departure of three workers likely to disrupt bird flu monitoringBird flu has sickened 70 people in U.S. and killed oneBy Leah Douglas April 9 (Reuters) - Several U.S. Department of Agriculture employees who worked on ...Reuters
Wed, Apr 9
