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METALS-Copper starts New Year on a firm note after record-setting 2025 rally
SINGAPORE, Jan 2 (Reuters) - London copper rose 0.8% on Friday, starting the New Year on a positive note after a stellar 2025 in which prices surged more than 40% to record highs, driven by booming demand and supply disruptions.Three-month copper on the London Metal Exchange CMCU3 added 0.8% to $12,...Reuters
Fri, Jan 2
Oil edges higher following biggest annual loss since 2020
By Florence Tan SINGAPORE, Jan 2 (Reuters) - Oil prices edged up on the first day of trade in 2026 after last year posting their biggest annual loss since 2020, as Ukrainian drones targeted Russian oil facilities and a U.S. blockade pressured Venezuela's exports. Brent crude futures LCOc1 cli...Reuters
Fri, Jan 2
Capstone Copper faces strike at Mantoverde mine in Chile
Jan 1 (Reuters) - Canada-based Capstone Copper CS.TO said on Thursday that a union representing about half the workers at its Mantoverde copper and gold mine in Chile and roughly 22% of the company's total workforce will launch a strike on January 2.The copper miner said it had sought to reach a...Reuters
Fri, Jan 2
Gold Price Forecast: XAU/USD climbs to near $4,350 on Fed rate cut bets, geopolitical risks
Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. Gold finished 2025 with a significant rally, achieving an annual gain of around 65%, its biggest annual gain since 1979.
Fxstreet
Fri, Jan 2
WRAPUP 2-Russia and Ukraine trade allegations of civilian attacks on New Year's Day
Russia and Ukraine accuse each other of targeting civiliansRussia says 24 killed in hotel in Russian-occupied territoryUkraine says one killed, one injured in broad Russian air attack KYIV, Jan 1 (Reuters) - Russia and Ukraine accused each other of targeting civilians over the New Year, with Mosc...Reuters
Thu, Jan 1
Italy says US has sharply cut proposed pasta duties after a review
U.S. slashes proposed pasta duties after reviewLa Molisana cut to 2.26%, Garofalo to 13.98%Final anti-dumping rates expected by March 12By Crispian BalmerROME, Jan 1 (Reuters) - The United States sharply lowered proposed new duties on several Italian pasta makers following a preliminary review of th...Reuters
Thu, Jan 1
Russia asks US to stop pursuit of fleeing oil tanker, NY Times reports
Jan 1 (Reuters) - Russia has asked the U.S. to stop its pursuit of an oil tanker that was heading to Venezuela and is now fleeing the U.S. Coast Guard in the Atlantic Ocean, the New York Times reported on Thursday, citing two people with knowledge of the matter.American forces have been pursuing the...Reuters
Thu, Jan 1
Yemen’s Aden airport shuts as Saudi-UAE rift deepens
Flights halted due to Saudi-UAE tensions over YemenSaudi Arabia denies involvement in flight restrictionsSaudi source claims Yemen's government imposed flight restrictionsPassengers face uncertainty amid Aden airport shutdown DUBAI, Jan 1 (Reuters) - Flights at Yemen’s Aden international airp...Reuters
Thu, Jan 1
Ukrainian drones hit targets in three Russian regions, local officials say
MOSCOW, Jan 1 (Reuters) - Ukrainian drones struck energy and industrial targets across the Russian regions of Krasnodar, Tatarstan and Kaluga overnight, local officials said on Thursday, and the Ukrainian military confirmed it had carried out two of the three attacks. In the southern region of Krasn...Reuters
Thu, Jan 1
Ukraine condemns Russian new year drone attack on power infrastructure
Jan 1 (Reuters) - A Russian drone attack damaged power infrastructure in several Ukrainian regions overnight, President Volodymyr Zelenskiy said on Thursday, while Moscow accused Ukraine of carrying out a deadly new year attack in a Russian-controlled part of Ukraine."On New Year, Russia deliber...Reuters
Thu, Jan 1
Ukraine's military says it hit Russia's Ilsky refinery
KYIV, Jan 1 (Reuters) - Ukraine's military said on Thursday it had hit Russia's Ilsky oil refinery in Russia's Krasnodar region overnight, adding that the results of the attack were still being confirmed.In a statement on Telegram, the military also said it hit the Almetevskaya oil prepa...Reuters
Thu, Jan 1
Ukraine says overnight Russian drone attack damaged power infrastructure
Jan 1 (Reuters) - A Russian drone attack damaged power infrastructure in several Ukrainian regions overnight, Ukraine's energy ministry said on Thursday.The ministry said a "significant number" of households in the Volyn and Odesa regions - in northwestern and southwestern Ukraine, respe...Reuters
Thu, Jan 1
Ukrainian drones strike energy storage facility in Russia's Tatarstan, local governor says
MOSCOW, Jan 1 (Reuters) - Ukrainian drones on Thursday struck an energy storage facility in the Russian city of Almetyevsk, causing a fire that has since been extinguished, Russian media cited the press service of the local governor as saying.Kyiv has been intensifying strikes against Russian energy...Reuters
Thu, Jan 1
Oil refinery in southern Russia struck by Ukrainian drone, local authorities say
MOSCOW, Jan 1 (Reuters) - The Ilskiy oil refinery in Russia's southern Krasnodar region was hit by debris from a Ukrainian drone, causing a fire which had been put out overnight, local authorities said on Thursday. Kyiv has since August stepped up drone attacks on Russia's energy infrastr...Reuters
Thu, Jan 1
Serbia's NIS gets US approval to resume production in its refinery
BELGRADE, Jan 1 (Reuters) - The U.S. has granted Serbia's majority-Russian refiner NIS NIIS.BEL an operating licence until January 23, enabling it to resume production after a 36-day break, the energy minister said on Wednesday. The U.S. Treasury Department's Office of Foreign Assets Control...Reuters
Thu, Jan 1
China imposes curbs on beef imports to protect domestic industry
China sets 2026 import quota at 2.7 million tons for key countriesMeasure takes effect on January 1 for three yearsTariffs aim to protect domestic industryNew quotas for Brazil, Australia below 2025 shipment levelsAnalysts say China's beef farming lacks competitivenessBy Daphne Zhang, Ella Cao a...Reuters
Thu, Jan 1
Trump delays tariff hike for upholstered furniture, kitchen cabinets by one year
Dec 31 (Reuters) - U.S. President Donald Trump signed a proclamation on Wednesday to delay increases in tariffs for upholstered furniture, kitchen cabinets and vanities for another year, the White House said.Reuters
Thu, Jan 1
USDA details $12 billion farm aid package favoring rice, cotton; soy farmers warn of strain
Soybean farmers face financial challenges despite aidSpecialty crop and sugar farmers await details on $1 billion aidPayments expected by February 28, USDA Secretary Rollins statesBy P.J. Huffstutter and Julie Ingwersen CHICAGO, Dec 31 (Reuters) - The U.S. Department of Agriculture released detai...Reuters
Wed, Dec 31
LIVESTOCK-CME cattle futures rise on expectations of tight supplies
CHICAGO, Dec 31 (Reuters) - Chicago Mercantile Exchange cattle futures climbed on Wednesday as market players anticipated tighter cattle supplies in the first quarter of the new year, and there was some technical buying, according to analysts. CME February live cattle LCG26 settled 1.125 cents highe...Reuters
Wed, Dec 31
