News
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Canada's Teck Resources approves Highland Valley copper mine life extension through 2046
July 24 (Reuters) - Canadian miner Teck Resources TECKb.TO said on Thursday it had approved the construction of a life extension project at its Highland Valley Copper mine in British Columbia, which will keep Canada's largest copper mine operating through 2046.The Highland Valley Copper Mine Lif...Reuters
Thu, Jul 24
Chinese buyers ink second bulk soymeal deal with Argentina, sources say
By Ella Cao and Naveen Thukral BEIJING/SINGAPORE, July 24 (Reuters) - A Chinese buyer has signed a deal this week to import 30,000 metric tons of Argentine soymeal, as animal feed producers ramp up purchases to take advantage of softer prices in the South American market, three trade sources told...Reuters
Thu, Jul 24
GRAINS-Wheat recoups some losses but ample supply caps gains
CANBERRA, July 24 (Reuters) - Chicago wheat futures on Thursday clawed back some of their losses from a day before, but expectations of plentiful global supply limited the recovery and held prices near recent lows. Corn futures rose slightly, but forecasts for crop-friendly rain in U.S. grain belts ...Reuters
Thu, Jul 24
Three people trapped underground at Red Chris mine in Canada, Newmont says
OTTAWA, July 23 (Reuters) - Three workers are trapped underground at a western Canadian mine operated by Newmont Corporation NEM.N, the company and a senior elected official said on Wednesday, adding a rescue operation was underway.Newmont has temporarily suspended operations at the Red Chris gold a...Reuters
Thu, Jul 24
Fortescue shares up on iron ore beat; scraps US, Aussie green hydrogen projects
Fortescue shares up 5% as it ships record iron oreMiner cuts two green energy projects, linked spendingMiner likely able to meet dividend payout ratio, analyst says By Melanie Burton and Roshan ThomasMELBOURNE, July 24 (Reuters) - Shares in Australia's Fortescue FMG.AX rose on Thursday after the...Reuters
Thu, Jul 24
METALS-Copper edges up, awaiting trade talks and US import tariff details
By Hongmei Li SINGAPORE, July 24 (Reuters) - Copper prices on the London Metal Exchange and the Shanghai Futures Exchange edged up on Thursday, and traders closely monitored the progress of the U.S. trade talks with trade partners and details about the U.S. 50% copper import tariff. Three-month c...Reuters
Thu, Jul 24
Oil prices climb on US trade optimism, drop in crude stockpiles
By Yuka Obayashi TOKYO, July 24 (Reuters) - Oil prices rose on Thursday, buoyed by optimism over U.S. trade negotiations that would ease pressure on the global economy and a sharper-than-expected decline in U.S. crude inventories.Brent crude futures LCOc1 gained 24 cents, or 0.4%, to $68.75 a bar...Reuters
Thu, Jul 24
PRECIOUS-Gold flat as easing trade tensions offset boost from soft dollar
July 24 (Reuters) - Gold prices held steady on Thursday after a sharp drop in the previous session, as easing trade tensions dented demand for safe-haven assets, overshadowing support from a weaker dollar. FUNDAMENTALS* Spot gold XAU= was flat at $3,388.49 per ounce, as of 0029 GMT, after dropping 1...Reuters
Thu, Jul 24
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 24 (Reuters) - Contract Target Support/Resistance Brent oil $68.07res $68.83/$69.29/$69.86Palm oil (3rd month)4,258 ringgitres 4,325/4,354/4,382 ringgitWTI* $64.72/$64.10res $65.73/$66.35Spot gold$3,401/$3,407/$3,414sup $3,380/$3,366LME ...Reuters
Thu, Jul 24
ANALYSIS-Rwandan rebels' fate clouds Trump's vision for mineral-rich Congo
Hutu rebels' future complicates US-brokered peace in CongoRwanda cites group as major threat, analysts downplay riskRebel leader appeals to Trump to avoid offensiveTrump eyes major minerals investments in war-hit regionBy Sonia Rolley July 23 (Reuters) - Moves to end fighting in eastern Congo...Reuters
Wed, Jul 23
CSX Says On July 10, SEC Indicated It Concluded Investigation Into Accounting Restatement - SEC Filing
July 23 (Reuters) - SEC Filing:CSX: ON JULY 10, SEC INDICATED IT CONCLUDED INVESTIGATION INTO ACCOUNTING RESTATEMENT, DOES NOT INTEND TO RECOMMEND ENFORCEMENT ACTION - SEC FILINGCSX: EXPECTS IMPACT OF APPLYING PROVISION RELATED TO OBBBA TO RESULT IN FAVORABLE CASH TAX IMPACTS OF ABOUT $250 MILLION F...Reuters
Wed, Jul 23
First LPG tanker docks at Enterprise Products Neches River terminal in Texas
By Arathy SomasekharHOUSTON, July 23 (Reuters) - A liquefied petroleum gas tanker moored at the Enterprise Products Partners EPD.N terminal along the Neches river in Texas, ship tracking data showed on Wednesday, the first vessel to arrive for loading at the facility.Energy research firm Vortexa sai...Reuters
Wed, Jul 23
CIF/FOB Gulf Grain-Soy barge bids slip, traders assess potential Chinese demand
CHICAGO, July 23 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals eased on Wednesday, traders said as they sought to assess potential demand from China.China's agriculture ministry said the government would continue to promote the reduction and substitution of ...Reuters
Wed, Jul 23
Packaging Corp forecasts profit below estimates on export, freight pressures
July 23 (Reuters) - Packaging Corp of America PKG.N forecast third-quarter profit below Wall Street estimates on Wednesday, hurt by rising freight costs and weak export containerboard sales amid global trade uncertainty.The Lake Forest, Illinois-based company specializes in delivering paper and pack...Reuters
Wed, Jul 23
LIVESTOCK-CME cattle futures hit new contract highs as supplies tighten
By P.J. Huffstutter CHICAGO, July 23 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures rallied to fresh contract highs on Wednesday, as tight supplies and strong cash market prices continued to send future contracts surging, market analysts said.Meanwhile, CME hog futures reb...Reuters
Wed, Jul 23
Pest control firm Rollins tops quarterly sales estimates on robust demand for services
July 23 (Reuters) - Rollins ROL.N reported second-quarter revenue above estimates on Wednesday, on steady demand for its pest control services amid an unusually warm and dry weather in the United States. WHY IT'S IMPORTANTA warmer-than-usual climate across much of the United States, which...Reuters
Wed, Jul 23
First Quantum expects rise in Cobre Panama maintenance costs
July 23 (Reuters) - Canadian miner First Quantum Minerals FM.TO said on Wednesday it expects costs associated with the maintenance plan for its closed copper mine in Panama will increase to roughly $17 million to $18 million per month.In May, Panama approved the company's preservation and safe m...Reuters
Wed, Jul 23
