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German electronics firms worried about rare earths shortages, lobby group says
FRANKFURT, June 4 (Reuters) - Shortages in rare earths are posing ever-greater challenges for companies in Germany's electronics and digital sector, the ZVEI lobby group said on Wednesday, after China restricted exports of rare earths and other minerals."We can see that concern is growing. M...Reuters
Wed, Jun 4
Sable Offshore - Court Grants Temporary Restraining Orders Against Co, Regarding Las Flores Pipeline System
June 4 (Reuters) - Sable Offshore Corp SOC.N:SABLE OFFSHORE - COURT GRANTS TEMPORARY RESTRAINING ORDERS AGAINST CO, REGARDING LAS FLORES PIPELINE SYSTEMSABLE OFFSHORE: TEMPORARY RESTRAINING ORDER PROHIBIT CO FROM RESTARTING TRANSPORTATION OF OIL THROUGH LAS FLORES PIPELINE SYSTEMSABLE OFFSHORE CORP...Reuters
Wed, Jun 4
Discovery of wartime bombs prompts large-scale evacuation in Cologne, Germany
By Rachel MoreBERLIN, June 4 (Reuters) - Thousands of people were evacuated from central Cologne in western Germany on Wednesday following the discovery of three wartime bombs, in what the city authority called the largest such operation since the end of World War Two.An evacuation zone with a radiu...Reuters
Wed, Jun 4
Autoliv sees no production stops despite China rare earth curbs
COPENHAGEN, June 4 (Reuters) - The CEO of Swedish Autoliv ALV.N, ALIVsdb.ST, the world's biggest maker of airbags and seatbelts, said on Wednesday that the company did not currently have any production halts due to Chinese restrictions on rare earth magnets.Reuters
Wed, Jun 4
Remy Cointreau scraps 2030 goals amid tariffs, slow US
2024/25 organic operating profit -30.5% vs forecast -31.7%Joins rivals in scrapping longer term targets Shares rise on hopes steep sales, profit declines are overBy Dominique Vidalon and Emma Rumney PARIS/LONDON, June 4 (Reuters) - Remy Cointreau RCOP.PA on Wednesday abandoned its 2030 sales grow...Reuters
Wed, Jun 4
Ukraine corn exports seen falling sharply in June, producers union says
KYIV, June 4 (Reuters) - Ukrainian corn exports are set to fall to 1 million metric tons in June from 2 million tons in May, as Ukraine-origin corn is uncompetitive compared to its American equivalent, producers' union UAC said on Wednesday.Ukraine is a traditional corn grower and exporter and e...Reuters
Wed, Jun 4
Iran's Khamenei dismisses US nuclear proposal, vows to keep enriching uranium
Khamenei calls US 'rude and arrogant'Iran's leaders grappling with multiple crisesFive rounds of nuclear talks have not bridged gapsBy Parisa Hafezi, Elwely Elwelly and Jana Choukeir DUBAI, June 4 (Reuters) - Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday that aba...Reuters
Wed, Jun 4
UAE firm IRH agrees to buy controlling stake in Congo tin miner Alphamin
DAKAR, June 4 (Reuters) - International Resources Holding (IRH) said on Wednesday it will acquire a controlling stake in major tin producer Alphamin Resources Corp AFM.V for C$503 million ($367 million), a significant expansion into critical minerals for the Abu Dhabi-based mining company.IRH will p...Reuters
Wed, Jun 4
OPEC output grows in May – ING
ICE Brent hit its highest level since mid-May yesterday, with the front-month contract trading just shy of US$66/bbl. Wildfires in Alberta, Canada, provided a boost to prices. This, at a time when the market is digesting the announced OPEC+ July supply hike.
Fxstreet
Wed, Jun 4
METALS-London copper little changed, US tariff concerns persist
By Hongmei Li SINGAPORE, June 4 (Reuters) - London copper was largely unchanged on Wednesday, with uncertainty over U.S. tariffs on the metal limiting the upside in prices. Three-month copper on the London Metal Exchange CMCU3 fell $2.5 per metric ton to $9,631.5 by 0701 GMT. The most-traded ...Reuters
Wed, Jun 4
TABLE-UAE's Fujairah oil inventory data for week ended June 2
June 4 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended June 2, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from t...Reuters
Wed, Jun 4
EUROPE GAS-Prices edge lower amid strong wind output
LONDON, June 4 (Reuters) - Dutch and British wholesale gas prices edged lower on Wednesday, after rising the day before, as stronger wind generation offset lower solar output and supply was stable.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 inched down by 0.20 euro at 35.80 e...Reuters
Wed, Jun 4
FACTBOX-Snapshot of China's critical mineral export controls
By Ashitha Shivaprasad, Amy Lv and Lewis Jackson June 4 (Reuters) - Global automakers are sounding the alarm on an impending shortage of rare earth magnets as China's restrictions on the material vital for the automotive, defence and clean energy industries threaten production del...Reuters
Wed, Jun 4
CORRECTED-FACTBOX-Snapshot of China’s mineral export controls after trade war truce
By Ashitha Shivaprasad, Amy Lv and Lewis Jackson BENGALURU/BEIJING, May 13 (Reuters) - China on Monday agreed to remove recent non-tariff countermeasures against the U.S. as part of its trade war truce with Washington, raising the prospect that its export restrictions on rare earths could soon be...Reuters
Wed, Jun 4
Tullow Oil Signs MOU To Extend Ghana Production Licences
June 4 (Reuters) - Tullow Oil PLC TLW.L:TULLOW OIL PLC - MOU SIGNED TO EXTEND GHANA PRODUCTION LICENCESTULLOW OIL PLC - GHANA, TULLOW, KOSMOS SIGN MOU TO EXTEND PRODUCTION LICENCES TO 2040TULLOW OIL PLC - MOU INCLUDES INVESTMENT OF UP TO $2 BILLION IN GHANAReuters
Wed, Jun 4
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $62.59 per barrel, down from Tuesday’s close at $62.84.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.20 after its previous daily close at $65.43.Fxstreet
Wed, Jun 4
COLUMN-Five charts on key US electricity and power generation trends: Maguire
By Gavin MaguireLITTLETON, Colorado, June 4 (Reuters) - U.S. power producers have lifted output from both fossil fuels and clean energy sources to new highs so far in 2025, on the back of steadily rising energy demand from data centers, businesses and households. Average retail electricity prices ha...Reuters
Wed, Jun 4
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