News
Important Only
Congo bans cobalt exports for four months to curb oversupply
Updates February 24 story to add cobalt futures price and CMOC share movement in China on Tuesday, in paragraphs 6, 7, and 11By Ange Kasongo and Sonia Rolley KINSHASA, Feb 24 (Reuters) - The Democratic Republic of Congo, the world's top producer of cobalt, said on Monday it has temporarily ha...Reuters
Tue, Feb 25
RUBBER-Japan futures dip on US tariff worries
SINGAPORE, Feb 25 (Reuters) - Japanese rubber futures edged lower on Tuesday, weighed down by concerns over U.S. President Donald Trump's tariff plans, although losses were limited by prospects of tighter supply from top producer Thailand. The Osaka Exchange (OSE) rubber contract for August de...Reuters
Tue, Feb 25
GRAINS-Corn steadies after fund sell-off
CANBERRA, Feb 25 (Reuters) - U.S. corn futures steadied on Tuesday after improving crop weather in South America and expectations of increased planting by U.S. farmers triggered a speculative sell-off that drove prices from 18-month highs.Wheat and soybean futures rose slightly, having been dragged ...Reuters
Tue, Feb 25
METALS-London copper eases on firmer dollar, tariff risks
NEW DELHI, Feb 25 (Reuters) - London copper prices edged lower on Tuesday, pressured by a stronger dollar and concerns over metal demand following U.S. President Donald Trump's tariff plans.Three-month copper on the London Metal Exchange (LME) CMCU3 was down 0.3% at $9,464 a metric ton, as of 02...Reuters
Tue, Feb 25
Oil prices gain for a second day as US sanctions on Iran raise supply concerns
By Colleen Howe BEIJING, Feb 25 (Reuters) - Oil prices rose for a second day on Tuesday as the U.S. imposed fresh sanctions on Middle Eastern producer Iran that increased concerns supply might tighten. Brent crude futures LCOc1 rose 38 cents, or 0.51%, to $75.16 a barrel by 0217 GMT. U.S. West Te...Reuters
Tue, Feb 25
BRIEF-Goldman Sachs Forecasts Copper Price To Rise Above $10,500/T In Q12026
Feb 25 (Reuters) - GOLDMAN SACHS:BELIEVES COPPER MARKET IS POISED FOR ANOTHER SUSTAINABLE STEP-UP IN ITS PRICE RANGE, TO $10,500-$11,500/TEXPECTS DEFICITS OF 180KT AND 250KT IN 2025 AND 2026 FOR COPPERFORECASTS COPPER PRICE TO RISE ABOVE $10,500/T IN Q12026, BUT BE CAPPED AT $11,500/TReuters
Tue, Feb 25
BRIEF-Goldman Sachs Says China's Aluminium Production Set To Peak In 2026
Feb 24 (Reuters) - GOLDMAN SACHS:SAYS CHINA'S ALUMINIUM PRODUCTION IS SET TO PEAK IN 2026, REQUIRING PRICES TO RISE TO $3,100/T BY Q42026SAYS THIS PRICE HIGH WILL BE TEMPORARY, AS IT WILL DELIVER ENOUGH CAPACITY TO RETURN THE MARKET TO BALANCE BY 2029Reuters
Tue, Feb 25
Trump says he wants Keystone XL pipeline to be built
WASHINGTON, Feb 24 (Reuters) - Republican U.S. President Donald Trump said on Monday he wanted the Keystone XL pipeline, which was opposed for years by activists fighting against climate change, to be built. The pipeline was proposed in 2008 to bring oil from Canada's Western tar sands to U....Reuters
Tue, Feb 25
PRECIOUS-Gold steadies near all-time high on Trump tariff concerns
Feb 25 (Reuters) - Gold prices hovered near a record high on Tuesday, supported by safe-haven demand amid concerns over U.S. President Donald Trump's tariff plans which could fuel inflation and escalate a global trade war.
Reuters
Tue, Feb 25
LIVESTOCK-CME cattle futures climb on bullish beef prices, feedlot data
By Julie Ingwersen CHICAGO, Feb 24 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures closed higher on Monday, for a second consecutive session, driven by firm beef prices and supportive monthly U.S. government feedlot data, according to traders.CME April live cattle fu...Reuters
Tue, Feb 25
RPT-COLUMN-China's grip on global nickel supply tightens with Anglo sale: Andy Home
Repeats February 24 column without changeBy Andy Home LONDON, Feb 24 (Reuters) - Anglo American's AAL.L sale of its Brazilian nickel business to China's MMG Ltd 1208.HK is a corporate win-win. Anglo gets to deliver on its promise to shareholders to simplify its portfolio and pockets up to...Reuters
Tue, Feb 25
Senators seek answers on EPA effort to claw back $20 billion in climate funds
By Valerie Volcovici WASHINGTON, Feb 24 (Reuters) - U.S. Senate Democrats on Monday asked Environmental Protection Agency Administrator Lee Zeldin to end his campaign to claw back funds previously granted for greenhouse gas reduction projects, saying that effort is illegal.The senators, who sit o...Reuters
Mon, Feb 24
Russia's Putin outlines potential aluminium, rare earth deals with the US
Putin extends joint exploration offer to U.S. companiesRussia has more rare earth resources than Ukraine, Putin saysRussia has world's fifth-largest rare earth metals reservesRussian president proposes joint hydropower, aluminum production Adds background on Russia's rare earth metals reserv...Reuters
Mon, Feb 24
CIF/FOB Gulf Grain-Soy barge basis bids steady to slightly weaker
CHICAGO, Feb 24 (Reuters) - Spot basis bids for soybeans delivered by barge to the U.S. Gulf Coast were slightly lower or steady on Monday, traders said.* Corn bids were flat.* Traders monitored global demand amid competition for export sales from Brazil ahead of the start of U.S. plantings in the s...Reuters
Mon, Feb 24
Coterra Energy beats quarterly profit estimates on higher production, raises dividend
Adds details on results in paragraphs 5-9 Feb 24 (Reuters) - Coterra Energy CTRA.N beat Wall Street estimates for fourth-quarter profit on Monday and announced a 5% dividend increase, as the oil and gas company benefited from higher oil and natural gas liquids (NGLs) production. The U.S. Energy I...Reuters
Mon, Feb 24
GRAINS-Corn slips from multi-month top on profit-taking; soy, wheat follow
Updates with closing U.S. pricesBy Julie Ingwersen CHICAGO, Feb 24 (Reuters) - U.S. corn futures fell 1.6% on Monday, retreating from multi-month highs set last week, pressured by profit-taking and improving weather forecasts for South America, analysts said.Wheat and soybean futures followed cor...Reuters
Mon, Feb 24
US Cash Crude-Grades slip on second full day of cash roll trading period
Feb 24 (Reuters) - Grades fell on Monday, the second full day of the roll trade that traders use to manage their positions, dealers said.Traders use the three-day roll period following the expiry of the WTI contract to square positions and manage exposure, resulting in more volatile trading.Prices t...Reuters
Mon, Feb 24
ONEOK fourth-quarter profit rises on higher demand, expects higher 2025 earnings
Feb 24 (Reuters) - Pipeline operator ONEOK OKE.N forecast annual income growth of about 11% and reported a 34.2% rise in fourth-quarter profit on Monday, helped by higher demand and accretive contributions from the EnLink acquisition.In November, the company said it would buy the remaining shares of...Reuters
Mon, Feb 24
