News
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US copper imports soar to 500,000 tons amid tariff threats, says Bloomberg
March 24 (Reuters) - Mercuria estimates that about 500,000 tons of copper are heading to the U.S., against normal monthly imports of around 70,000 tons, triggered by the potential imposition of tariffs, Bloomberg said in a report on Monday.This massive amount of copper being transported to the U.S. ...Reuters
Mon, Mar 24
Kremlin says key parts of original Black Sea grain deal with Ukraine were never fulfilled
MOSCOW, March 24 (Reuters) - Russia and the United States will discuss resuming a deal to ensure the safety of merchant shipping in the Black Sea, the Kremlin said on Monday, noting that what Moscow saw as key parts of an earlier agreement on the subject were never implemented. Kremlin spok...Reuters
Mon, Mar 24
Fusion energy startup Focused signs agreement with RWE, German state
Fusion pushes light atoms together to release energyFocused aims to use lasers 30 times more efficient than US lab'sProject would cost up to 7 billion eurosFusion faces hurdles including laser supply chain By Timothy Gardner WASHINGTON, March 24 (Reuters) - U.S.-German startup Focused Energy,...Reuters
Mon, Mar 24
US turns to Brazil for eggs and considers other sources during bird flu outbreak
Egg prices soared after bird flu killed millions of laying hensUS expands imports as part of a $1 billion plan to lower pricesBroiler chicken producers ask FDA to ease refrigeration ruleStates reconsider animal welfare policies to address egg supplyBy Tom Polansek and Leah Douglas March 24 (Reute...Reuters
Mon, Mar 24
Kremlin says Russian moratorium on Ukrainian energy attacks remains in place despite Kyiv's actions
MOSCOW, March 24 (Reuters) - The Kremlin said on Monday that a Russian moratorium on striking energy infrastructure in Ukraine remained in place despite reports of continued Ukrainian attacks on Russian energy infrastructure targets. Kremlin spokesman Dmitry Peskov told reporters that Russia was mo...Reuters
Mon, Mar 24
China's Sinopec to prioritise risk control in Russian oil purchases, exec says
March 24 (Reuters) - Top Chinese refining major Sinopec Corp 0386.HK 600028.SS will prioritise "risk control" in purchasing Russian oil, which has similar quality for its value versus competing global supplies, a top company executive said on Monday.The remarks followed a recent move by Chin...Reuters
Mon, Mar 24
Russia reports attempted drone attack on CPC pumping station under repair
MOSCOW, March 24 (Reuters) - Ukraine attempted a drone attack on the Kropotkinskaya pumping station on the CPC pipeline in Russia's Krasnodar region on Monday, Russia's defence ministry said,According to the ministry, the drone was downed by Russian anti-aircraft units and crashed approximat...Reuters
Mon, Mar 24
Kremlin says Russia and US have common understanding on need for settlement in Ukraine
MOSCOW, March 24 (Reuters) - The Kremlin said on Monday that Russia and the United States had a common understanding on the need to move towards a settlement to end the war in Ukraine but that there are still many different aspects that need to be worked out.Negotiations in Saudi Arabia between Mosc...Reuters
Mon, Mar 24
Hedge fund Elliott looking at further action against LME for cancelled nickel trades
LONDON, March 24 (Reuters) - Elliott Associates is considering what further action it can take against the London Metal Exchange (LME) for cancelling nickel trades in March 2022, the U.S.-based hedge fund said on Monday.Elliott claimed damages of $456.4 million after the nickel price hit a record ab...Reuters
Mon, Mar 24
EUROPE GAS-Prices edge lower amid mild temperatures, Ukraine ceasefire talks
LONDON, March 24 (Reuters) - Dutch and British wholesale gas prices edged lower on Monday morning as temperatures remained mild and as U.S. and Russian officials began talks in Saudi Arabia to discuss a possible ceasefire in Ukraine.The Dutch front-month contract TRNLTTFMc1 was down by 1.13 euro to ...Reuters
Mon, Mar 24
Nippon Steel says shares view with Washington that U.S. Steel deal will boost U.S. industry
TOKYO, March 24 (Reuters) - Nippon Steel's 5401.T president said on Monday that the Japanese steelmaker and the U.S. government share a mutual understanding that its planned acquisition of U.S. Steel will strengthen the American steel industry and manufacturing sector. "In my opinion, t...Reuters
Mon, Mar 24
Indonesia minister says others won't follow U.S. exit from JETP energy transition funding
JAKARTA, March 24 (Reuters) - The United States' decision to pull out of the Just Energy Transition Partnership, an energy transition funding commitment by developed countries, will not impact the other partners' commitment to it, a senior Indonesian minister said on Monday. JETP, a finan...Reuters
Mon, Mar 24
Indonesia minister says U.S. exit from energy transition funding won't spillover to others
JAKARTA, March 24 (Reuters) - The United States' decision to pull out of the Just Energy Transition Partnership, an energy transition funding commitment by developed countries, will not impact the other partners' commitment to it, a senior Indonesian minister said on Monday.Earlier this mont...Reuters
Mon, Mar 24
Iranian oil tankers using forged Iraqi documents, Iraqi oil minister says
BAGHDAD, March 24 (Reuters) - Iraqi Oil Minister Hayan Abdel-Ghani has said that Iranian oil tankers seized by U.S. forces in the Gulf were using forged Iraqi documents.The U.S. administration has restored "maximum pressure" on Iran, reviving the policy used during President Donald Trump'...Reuters
Mon, Mar 24
REFILE-Nippon Steel chief says U.S. Steel takeover talks still ongoing with Washington
TOKYO, March 24 (Reuters) - Nippon Steel's 5401.T negotiations with the U.S. government regarding its planned acquisition of U.S. Steel X.N are still ongoing, President Tadashi Imai said on Monday.Imai said a mutual understanding is developing that the deal would bolster the U.S. steel industry....Reuters
Mon, Mar 24
METALS-London copper firms as dollar slips; looming US tariffs cap gains
NEW DELHI, March 24 (Reuters) - Copper prices in London rose on Monday, tracking some weakness in the dollar, although concerns over the looming U.S. tariffs checked gains.The benchmark three-month copper CMCU3 on the London Metals Exchange (LME) added 1.3% to $9,988 a metric ton as of 0715 GMT.The ...Reuters
Mon, Mar 24
