News
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UK seeks clarification on EU steel quotas as industry warns of crisis
EU market accounts for 78% of UK steel exportsUK industry warns of crisis without exemptionsUK PM says discussing issue with the EU By Alistair Smout LONDON/MUMBAI, Oct 8 (Reuters) - Britain said it was seeking urgent clarification on steel import quotas announced by the European Commission, as t...Reuters
Wed, Oct 8
METALS-Copper ekes out gains as supply worries counter stronger dollar
By Brijesh Patel Oct 8 (Reuters) - Copper prices traded slightly higher after early losses on Wednesday, as concerns over supply disruptions offset the pressure from a rising U.S. dollar.Three-month copper on the London Metal Exchange CMCU3 was up 0.1% at $10,768 per metric ton by 0713 GMT. The d...Reuters
Wed, Oct 8
Teck Resources cuts copper production guidance at flagship Chilean mine QB
Oct 8 (Reuters) - Canadian miner Teck Resources Limited TECKb.TO on Wednesday cut its copper production forecast at its flagship Quebrada Blanca (QB) mine in Chile through 2028, following a company-wide operations review and its merger with Anglo American AAL.L. Its 2026 copper out...Reuters
Wed, Oct 8
PRECIOUS-Gold smashes $4,000 milestone for first time in record run
Gold up 53% so far this yearTraders price in 25 bp Fed rate-cut this monthSilver, platinum up over 1% each; palladium rises over 3%By Brijesh Patel and Anushree Mukherjee Oct 8 (Reuters) - Gold extended its historic rally to break above $4,000 an ounce for the first time on Wednesday, as investor...Reuters
Wed, Oct 8
Australia's Lynas partners with Noveon for rare earth magnets supply to US
Oct 8 (Reuters) - Australia's Lynas Rare Earths LYC.AX has partnered with U.S.-based manufacturer Noveon Magnetics to supply rare earth permanent magnets to defence and commercial sectors in the U.S., the two companies said on Wednesday.The deal includes provision of both light and heavy rare ea...Reuters
Wed, Oct 8
TABLE-UAE's Fujairah oil inventory data for week ended October 6
Oct 8 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended October 6, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from...Reuters
Wed, Oct 8
Gold's rush to record heights propelled by global anxieties
Gold hits major psychological mark of $4,000/ozInvestors seek protection from a mix of asset risks Gold, other precious metals benefit from thisGold rally seen extending into 2026By Polina Devitt LONDON, Oct 8 (Reuters) - Anxieties over global geopolitical and economic risks are the biggest drive...Reuters
Wed, Oct 8
TABLE-North Sea gas maintenance schedule: Revises Bacton outage
Oct 8 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAGE...Reuters
Wed, Oct 8
Lynas Partners With Noveon Magnetics To Advance U.S. Rare Earth Magnet Supply Chain
Oct 8 (Reuters) - Lynas Rare Earths Ltd LYC.AX:NOVEON MAGNETICS AND LYNAS RARE EARTHS PARTNER TO ADVANCE U.S. RARE EARTH MAGNET SUPPLY CHAINCOMPANIES WILL COLLABORATE TO DEVELOP A RARE EARTH VALUE CHAIN IN U.S.SCOPE OF AGREEMENT INCLUDES PROVISION OF BOTH LIGHT RARE EARTH AND HEAVY RARE EARTH MATERI...Reuters
Wed, Oct 8
WTI extends upside to near $62.00 as OPEC+ signals cautious production hike
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.95 during the early European trading hours on Wednesday. The WTI extends the rally after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) opt for a modest production increase.
Fxstreet
Wed, Oct 8
Australia's Lynas partners with Noveon to supply rare-earth magnets to the US
Oct 8 (Reuters) - Australia's Lynas Rare Earths LYC.AX has partnered with U.S.-based manufacturer Noveon Magnetics to supply rare-earth permanent magnets to defense and commercial sectors in the U.S., the two companies said on Wednesday.Reuters
Wed, Oct 8
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $61.95 per barrel, up from Tuesday’s close at $61.74.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.56 price posted on Tuesday, and trading at $65.77.Fxstreet
Wed, Oct 8
ANALYSIS-Turkey's gas shift threatens Russia and Iran's last big European market
Production, LNG imports to cover half of needs by 2028Turkey is Russia's last big remaining European gas marketU.S. pushing allies to cut energy ties to Moscow, TehranTurkey increasingly shunning long-duration pipeline contractsBy Can Sezer ISTANBUL, Oct 8 (Reuters) - Turkey could meet more t...Reuters
Wed, Oct 8
ANALYSIS-Rising tungsten prices worsen oil drillers' inflation worries
China imposed export controls on five critical metals in FebruaryChina supplies 83% of global tungsten, USGS saysRising tungsten costs could add $3,000–$25,000 to oilfield drillbit prices, expert saysBy Anushree Mukherjee and Shariq Khan Oct 8 (Reuters) - U.S. shale drillers are facing higher pri...Reuters
Wed, Oct 8
Poland - Factors to Watch October 8
WARSAW, Oct 8 (Reuters) - The following are significant news stories, press reports and events on Wednesday. ALL TIMES GMT (Poland: GMT + 2 hours):INTEREST RATESThe Polish Monetary Policy Council will announce its decision on interest rates on Wednesday. Most analysts polled by Reuters expect intere...Reuters
Wed, Oct 8
PRESS DIGEST -Wall Street Journal - October 8
Oct 8 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- New York Stock Exchange owner Intercontinental Exchange ICE.N said it would invest up to $2 billion in Polymarket in a deal that values the p...Reuters
Wed, Oct 8
Anglo American Says Teck's Review Outcome Consistent With Co's Analysis
Oct 8 (Reuters) - Anglo American PLC AAL.L:NOTES STATEMENT ISSUED BY TECK RELATING TO COMPLETION OF ITS COMPREHENSIVE OPERATIONAL REVIEW AND UPDATED OUTLOOKOUTCOME PRESENTED BY TECK BROADLY CONSISTENT WITH CO'S INDEPENDENT DUE DILIGENCE AND ANALYSIS - WEBSITEFULLY SUPPORTIVE OF TECK’S MEASURED A...Reuters
Wed, Oct 8
PRESS DIGEST- New York Times business news - October 8
Oct 8 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Tesla TSLA.O on Tuesday unveiled new versions of its two most popular models, Model Y and Model 3, to sell for $40,000 and $37,000 ...Reuters
Wed, Oct 8
PRECIOUS-Gold crosses $4,000 for first time, building on historic rally
Gold up 53% so far this yearTraders price in 25 bp Fed rate-cut this monthPlatinum, palladium up over 2% each; silver rises over 1%By Brijesh Patel and Anushree Mukherjee Oct 8 (Reuters) - Gold pushed through $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mo...Reuters
Wed, Oct 8
