News
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Argentina aims to boost lithium production by 75% in 2025, sees no risk from trade war
By Lucila SigalBUENOS AIRES, April 8 (Reuters) - Argentina, the world's fifth-largest lithium producer, expects to produce 130,800 tonnes of lithium carbonate equivalent (LCE) in 2025, a 75% increase from 2024, the Argentine Chamber of Mining Companies (CAEM) said Tuesday.The boost in production...Reuters
Tue, Apr 8
CBOT corn ends higher on weather risks, USDA report positioning
CHICAGO, April 8 (Reuters) - Chicago Board of Trade corn futures settled up Monday on positioning ahead of the U.S. Department of Agriculture's upcoming supply and demand report, due Thursday, and on wet weather affecting corn-growing areas of the central U.S., according to analysts. CBOT Ma...Reuters
Tue, Apr 8
Panama's attorney general opens investigation over possible damages by CK Hutchison's contract
PANAMA CITY, April 8 (Reuters) - Panama's attorney general's office has opened an investigation on possible damages caused by a contract granted to Hong Kong-based CK Hutchison 0001.HK for the operation of two ports in the Central American country, attorney general Luis Carlos Gomez said in ...Reuters
Tue, Apr 8
Chicago soybeans bounce back from fall on tariff news
CHICAGO, April 8 (Reuters) - Chicago Board of Trade soybean futures rebounded on technical trading on Tuesday, a day after falling to four-month lows on news of tariffs and tariff retaliation, analysts said.CBOT May soybeans SK25 rose 9-3/4 cents to end at $9.92-3/4 a bushel.CBOT May soymeal SMK25 s...Reuters
Tue, Apr 8
US wine sellers worry as Trump tariffs set to hit Wednesday
By Rich McKay NEW YORK, April 8 (Reuters) - Adam Williams, 57, owner of Ansley Wine Merchants in Atlanta, said he was bracing for the worst on Wednesday, as President Donald Trump's tariffs are set to kick in, which will spike costs of the imported wines and liquors he sells."That means e...Reuters
Tue, Apr 8
US traffic deaths fell 3.8% in 2024, lowest number since 2020
By David Shepardson WASHINGTON, April 8 (Reuters) - U.S. traffic deaths fell 3.8% in 2024 to 39,345, the lowest number since 2020, but fatalities on American roads remained above pre-COVID levels, the National Highway Traffic Safety Administration said on Tuesday.Last year marks the first time si...Reuters
Tue, Apr 8
SOFTS -Cocoa hits 5-month lows as recession fears haunt markets
NEW YORK, April 8 (Reuters) - Cocoa prices hit fresh five-month lows on Tuesday, while robusta coffee fell to the lowest in four months as investors remain rattled by recession risks in the wake of U.S. President Donald Trump's sweeping tariffs , though some hope that could be...Reuters
Tue, Apr 8
US natgas prices drop 5% on forecasts for lower demand
US gas production on track to decline in April from record high in MarchUS LNG export feedgas on track to hold at record high in AprilUS gas inventories on track for rare build in MarchBy Scott DiSavino April 8 (Reuters) - U.S. natural gas futures dropped about 5% to an eight-week low on Tuesday ...Reuters
Tue, Apr 8
US Cash Grains-Corn, soy basis mixed as futures rise
CHICAGO, April 8 (Reuters) - Spot basis bids for corn and soybeans were steady to lower in the U.S. Midwest on Tuesday as futures rose on technical trading, while dealers monitored weather in the U.S. corn belt.* The corn basis rose at a Nebraska processor and an Indiana ethanol plant. The basis fel...Reuters
Tue, Apr 8
PRECIOUS-Gold pares gains as bond yields climb, trade war fears lend support
US to impose additional tariffs on China from WednesdayFocus on Wednesday's Fed minutesPalladium falls more than 1%By Brijesh PatelApril 8 (Reuters) - Gold pared earlier gains on Tuesday as U.S. Treasury yields rose, although a weaker dollar and escalating trade tensions between the world's ...Reuters
Tue, Apr 8
LNG Canada starts cooldown of plant in final step before producing LNG
HOUSTON, April 8 (Reuters) - LNG Canada has started to cool down its liquefied natural gas plant in Kitimat, British Columbia, considered a final step before it begins to produce the superchilled gas, two people told Reuters.LNG Canada is the country's first LNG export facility and when complete...Reuters
Tue, Apr 8
US lawmakers spar over food aid program facing uncertainty
House budget plan could see $230 billion in SNAP cutsConflict over the cuts will likely feature in budget and farm bill negotiationsMore than 41 million Americans receive SNAP benefitsBy Leah Douglas April 8 (Reuters) - Lawmakers clashed over the future of the nation's largest food aid progra...Reuters
Tue, Apr 8
Canada says counter-tariffs against some US-made autos will start April 9
OTTAWA, April 8 (Reuters) - The 25% counter-tariffs Canada said last week it would impose on some U.S.-made vehicles will go into effect on April 9, the federal finance ministry said on Tuesday."These countermeasures will remain in place until the U.S. eliminates its tariffs against the Canadian...Reuters
Tue, Apr 8
Mexico reports first human death from H5N1 bird flu
MEXICO CITY, April 8 (Reuters) - Mexico on Tuesday logged its first human death from H5N1 avian influenza, a three-year-old girl in the northern state of Coahuila, according to the state's health minister.Coahuila Health Minister Eliud Aguirre said the girl died early in the morning, with the in...Reuters
Tue, Apr 8
China has to make a deal with the US, White House says
WASHINGTON, April 8 (Reuters) - U.S. President Donald Trump believes that China has to make a deal with the United States concerning additional tariffs that are set to go into effect on Wednesday, White House press secretary Karoline Leavitt told a news briefing."The Chinese want to make a deal....Reuters
Tue, Apr 8
EXCLUSIVE-US considers adjusting port fee plan for Chinese vessels after pushback, sources say
By Jonathan Saul and Renee Maltezou LONDON/ATHENS, April 8 (Reuters) - President Donald Trump's administration is considering softening its proposed fee on China-linked ships visiting U.S. ports after a flood of negative feedback from industries that said the idea could be economically devast...Reuters
Tue, Apr 8
METALS-Base metals fall as higher US import tariff for China, other countries loom
By Polina Devitt LONDON, April 8 (Reuters) - Copper and aluminium prices fell in London on Tuesday as hopes for speedy talks on tariffs between the United States and other countries faded after a White House official said the U.S. would impose a 104% tariff on China within hours.Benchmark three-m...Reuters
Tue, Apr 8
US oil, biofuel group recommends 5.25 billion gallons in biomass diesel mandates, sources say
By Stephanie Kelly and Jarrett Renshaw NEW YORK, April 8 (Reuters) - A U.S. and biofuel coalition recommended that the Environmental Protection Agency propose federal mandates for biomass diesel blending for 2026 at 5.25 billion gallons, which would be a significant increase from previous mandate...Reuters
Tue, Apr 8
Latest US tariffs on Canadian softwood lumber are unjustified, says Carney
OTTAWA, April 8 (Reuters) - The decision by the United States to impose higher tariffs on imports of Canadian softwood lumber is unjustified, unwarranted and fundamentally misguided, Prime Minister Mark Carney said on Tuesday."Canadian softwood lumber is integral to building homes across the Uni...Reuters
Tue, Apr 8
