News
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METALS-LME copper falls with muted risk appetite ahead of bumpy next week
By Polina Devitt LONDON, March 28 (Reuters) - Copper prices fell on Friday with risk appetite muted by next week's deadline for broad U.S. reciprocal tariffs and stimulus to deliver copper to the U.S. ahead of possible metal-specific tariffs easing.Benchmark three-month copper CMCU3 on the Lo...Reuters
Fri, Mar 28
US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says
By Scott DiSavinoMarch 28 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks energy, services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future outp...Reuters
Fri, Mar 28
EU wheat hits new lows as exports and weather weigh
PARIS, March 28 (Reuters) - Euronext wheat fell on Friday to fresh multi-month lows as a firmer euro added to export concerns and forecast rain in the U.S. and the Black Sea region eased crop worries.May wheat BL2K5 on Euronext was down 0.2% at 217.75 euros ($235.65) a metric ton by 1701 GMT.It tou...Reuters
Fri, Mar 28
US Cash Grains-Corn bids higher amid slow farmer selling
CHICAGO, March 28 (Reuters) - Spot basis bids for corn were higher on Friday, following a multiday pattern of increases while soy bids were mixed, dealers said. * Spot corn bids rose at an Iowa ethanol plant and an Ohio elevator. * Spot soy bids increased at an Iowa processor and fell at an Ohio ele...Reuters
Fri, Mar 28
US carbon removal hub funding may face Energy Department cuts, sources say
DOE reviews Biden-era carbon removal projects for potential funding cutsLouisiana and Texas projects face uncertainty over funding decisionsLouisiana officials lobby to secure DAC hub fundingBy Valerie VolcoviciWASHINGTON, March 28 (Reuters) - The U.S. Department of Energy is weighing cuts of hundre...Reuters
Fri, Mar 28
Chile's Codelco sending more copper to US after tariff threat
By Fabian Cambero SANTIAGO, March 28 (Reuters) - Chile's Codelco COBRE.UL, the world's largest copper producer, has been redirecting some of its spot sales to the United States, CEO Ruben Alvarado said on Friday. U.S. President Donald Trump in February ordered a probe into potential new t...Reuters
Fri, Mar 28
GRAINS-Grain futures slump to multi-month lows with US planting, exports in focus
Corn curbed by expected higher planting estimate in USDA reportWeak exports, rain relief pressure wheat pricesSoybeans ease after gains fuelled by soy oil rallyBy P.J. Huffstutter CHICAGO, March 28 (Reuters) - Chicago Board of Trade corn futures on Friday slumped to the lowest price seen in more ...Reuters
Fri, Mar 28
Trump says he had productive call with Canadian PM Carney
WASHINGTON, March 28 (Reuters) - U.S. President Donald Trump said he had a productive call on Friday with Canadian Prime Minister Mark Carney and that the two leaders would meet after Canada's election, which is scheduled for next month amid increased tensions between the neighboring allies. ...Reuters
Fri, Mar 28
FACTBOX-How Canada is retaliating against US tariffs
By Promit Mukherjee OTTAWA, March 28 (Reuters) - Canada plans additional retaliation for U.S. President Donald Trump's auto tariffs and reciprocal tariffs on U.S. trading partners scheduled for early April. Canadian Prime Minister Mark Carney said on Thursday he had not yet determined...Reuters
Fri, Mar 28
Tin prices jump after earthquake hits Myanmar
Mines of tin-rich Wa State are some 425 km from epicentreWa state suspended all work at mines in its areas in 2023 Talks to discuss mining resumption planned next weekBy Polina Devitt LONDON, March 28 (Reuters) - Tin prices hit two-week highs in London on Friday as speculators bet that an earthqu...Reuters
Fri, Mar 28
FACTBOX-Canada's retaliation against US tariffs
By Promit Mukherjee OTTAWA, March 28 (Reuters) - Canada plans additional retaliation for U.S. President Donald Trump's auto tariffs and reciprocal tariffs on U.S. trading partners scheduled for early April. Canadian Prime Minister Mark Carney said on Thursday he had not yet determined ...Reuters
Fri, Mar 28
Trump says he had productive call with Canadian PM Carney
WASHINGTON, March 28 (Reuters) - U.S. President Donald Trump said he had a productive call on Friday with Canadian Prime Minister Mark Carney and that the two leaders would meet after Canada's election. "It was an extremely productive call, we agree on many things, and will be meeting im...Reuters
Fri, Mar 28
COLUMN-Europe's future metals strategy hindered by current crisis: Andy Home
By Andy Home LONDON, March 28 (Reuters) - The European Commission has identified 47 strategic projects which it hopes will kick-start the region's critical minerals sector and reduce its dependence on imports, particularly from China. But even as European policy-makers work to build a future ...Reuters
Fri, Mar 28
China will resolutely respond to US reciprocal tariffs, state media says
BEIJING, March 28 (Reuters) - China will take resolute countermeasures if the United States harm the country's interests with its upcoming reciprocal tariffs, a social media account affiliated with Chinese state broadcaster CCTV said on Friday.If the U.S. wants to discuss cooperation with China,...Reuters
Fri, Mar 28
UK'S CMA Says Five Airlines Offer Commitments To Resolve Competition Issues On UK-US Routes
March 28 (Reuters) - American Airlines Group Inc AAL.O:UK'S CMA - 5 AIRLINES OFFERED COMMITMENTS TO RESOLVE COMPETITION CONCERNS OVER AGREEMENT TO COOPERATE ON PASSENGER ROUTES BETWEEN UK AND USUK'S CMA: AIRLINES INCLUDE BRITISH AIRWAYS, IBERIA, AER LINGUS, AMERICAN AIRLINES, FINNAIRUK'S...Reuters
Fri, Mar 28
Chile's Codelco swings to profit in 2024
SANTIAGO, March 28 (Reuters) - Chile's Codelco COBRE.UL, the world's largest copper producer, on Friday reported a swing into the black for its 2024 earnings, posting a pre-tax profit of $790 million compared to a loss of $757 million the previous year.The state-owned miner said output total...Reuters
Fri, Mar 28
GLOBAL LNG-Asian spot LNG prices at nearly 6-month low on muted Chinese demand
By Marwa Rashad LONDON, March 28 (Reuters) - Asian spot liquefied natural gas (LNG) prices were at their lowest level in nearly six months amid muted demand in China and Japan due to high stocks after a mild winter, but are expected to get support from stronger European demand. The average LNG...Reuters
Fri, Mar 28
US natgas prices steady as record LNG flows offset record output
US gas output on track to hit monthly record in March US LNG export feedgas set to hit monthly record in MarchUS gas inventories on track for rare build in MarchBy Scott DiSavinoMarch 28 (Reuters) - U.S. natural gas futures held steady on Friday as record flows to liquefied natural gas (LNG) export ...Reuters
Fri, Mar 28
