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FOCUS-Saudi's Ma'aden weighs foreign partner for minerals processing pact
Ma'aden aims to select at least one partner by JunePlans magnet facility inside the kingdomGoal to finish study on how to mine and process by DecemberBy Ernest Scheyder, Clara Denina, Pesha Magid April 8 (Reuters) - Saudi Arabia's flagship mining company Ma'aden 1211.SE is conside...Reuters
Tue, Apr 8
US tariffs threaten 35,000 citrus jobs in South Africa, farmers say
South Africa's annual citrus exports to the U.S exceed $100 mln New tariff adds $4.50 cost to each citrus carton, growers saySouth Africa's is world's number 2 citrus exporter after Spain April 8 (Reuters) - Tariffs announced by U.S. President Donald Trump will hurt South African citr...Reuters
Tue, Apr 8
Indonesia to buy more U.S. goods amid tariff negotiations, minister says
JAKARTA, April 8 (Reuters) - Indonesia plans to purchase liquefied petroleum gas, liquefied natural gas and soybeans from the United States as part of efforts to negotiate on recently announced U.S. tariffs, chief economic minister Airlangga Hartarto said on Tuesday.Reuters
Tue, Apr 8
METALS-Base metal prices in China stabilise after selloff
SHANGHAI, April 8 (Reuters) - Base metal prices in China stabilised on Tuesday after the previous day's selloff, as market participants adopted a wait-and-see stance amid the escalating global trade war that has fuelled recession fears.The most-traded copper contract on the Shanghai Futures Exch...Reuters
Tue, Apr 8
Goldman Sachs forecasts Brent, WTI prices under different scenarios
April 8 (Reuters) - Goldman Sachs forecast that Brent and WTI crude prices would be at $62 a barrel and $58 by December 2025 and at $55 and $51 by December 2026, respectively, under two assumptions.The bank, in a note dated April 7, said that the first assumption is the U.S. economy avoids a recessi...Reuters
Tue, Apr 8
Gold price moves away from multi-week low set on Monday; climbs to $3,000 mark
Gold price (XAU/USD) regains some positive traction during the Asian session on Tuesday and for now, seems to have snapped a three-day losing streak from a nearly four-week low, around the $2,957-2,956 area touched the previous day. US President Donald Trump's sweeping reciprocal tariffs...
Fxstreet
Tue, Apr 8
Japan's Sumitomo Metal forecasts larger global nickel supply surplus in 2025
TOKYO, April 8 (Reuters) - The global nickel market is expected to see a larger surplus this year due to continued production expansion in Indonesia, Japan's largest nickel smelter Sumitomo Metal Mining (SMM) 5713.T said on Tuesday.The surplus is projected at 215,000 metric tons in 2025, compare...Reuters
Tue, Apr 8
Mexico weighs increasing fracking to reduce reliance on US gas, FT reports
April 8 (Reuters) - Mexico has been speaking to private sector companies about increasing fracking to reduce its reliance on U.S. gas amid heightened trade tensions between the two countries, the Financial Times reported on Tuesday.Imports, which are almost entirely from the United States, meet 72% ...Reuters
Tue, Apr 8
COLUMN-Iron ore, coking coal hold up amid tariff chaos, but for how long?: Russell
By Clyde Russell LAUNCESTON, Australia, April 8 (Reuters) - Iron ore is probably the commodity most exposed to China and while the price of the steel raw material has eased, it has held up better than other major commodities like crude oil and copper in the wake of U.S. President Donald Trump'...Reuters
Tue, Apr 8
Chinese LNG buyers resell US cargoes as tariffs bite
Sinopec, CNOOC set to begin offtake from Venture Global, sources sayWeak domestic China demand adds incentive to divert LNG cargoes Latest tariffs come on top of February duties that shifted LNG flows By Chen Aizhu, Emily Chow and Marwa Rashad SINGAPORE/LONDON, April 8 (Reuters) - Chinese buyers ...Reuters
Tue, Apr 8
Goldman Sachs Forecasts Oil Prices Under Different Scenarios
April 8 (Reuters) - GOLDMAN SACHS:SEES THAT BRENT/WTI OIL PRICES EDGE DOWN TO $62/58 BY DEC25 AND TO $55/51 BY DEC26, UNDER TWO ASSUMPTIONS FIRST, THE U.S. ECONOMY AVOIDS A RECESSION GIVEN A LARGE REDUCTION IN TARIFFS, WHICH ARE SCHEDULED TO TAKE EFFECT ON APRIL 9. SECOND, OPEC8+ SUPPLY RISES MODERA...Reuters
Tue, Apr 8
Mexico weighs increasing fracking to reduce reliance on US gas, FT reports
April 8 (Reuters) - Mexico has been speaking to private sector companies about increasing fracking to reduce its reliance on U.S. gas amid heightened trade tensions between the two countries, the Financial Times reported on Tuesday.Reuters
Tue, Apr 8
PRESS DIGEST-British Business - April 8
April 8 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- British Prime Minister Keir Starmer on Monday announced that the time taken to set up clinical trials would ...Reuters
Tue, Apr 8
Dalian iron ore slumps to near 3-month low as Sino-US tariff tension weighs
By Michele Pek SINGAPORE, April 8 (Reuters) - Iron ore futures prices fell for a third consecutive session on Tuesday, pressured by escalating trade tensions between the U.S. and top consumer China, largely outweighing support from seasonal demand for the steelmaking ingredient.The most-traded Ma...Reuters
Tue, Apr 8
REFILE-GRAINS-Chicago soybeans firm on softer dollar; weather concerns buoy wheat, corn
By Ella Cao and Lewis Jackson BEIJING, April 8 (Reuters) - Chicago soybean futures firmed on Tuesday supported by a softer dollar, although escalating U.S.-China trade tensions kept prices near year-to-date lows. Market participants, however, are growing hopeful that the latest tariff threats may...Reuters
Tue, Apr 8
Aquila Group to open Middle East office in Abu Dhabi
By Yousef SabaDUBAI, April 8 (Reuters) - Hamburg-based investment firm Aquila Group is expanding its operations with a new office in Abu Dhabi in the United Arab Emirates as it targets growth opportunities in the Gulf and Middle East, it said on Tuesday.The new business, Aquila Capital Middle East, ...Reuters
Tue, Apr 8
PRESS DIGEST- Financial Times - April 8
April 8 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- BoE asks banks whether clients have funding problems after Trump-induced market rout- Diageo swaps Ciroc vodka for LeBron James-backed...Reuters
Tue, Apr 8
