News
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Global aluminium producers seek Q1 premiums of $190-$203/T from Japan buyers, sources say
TOKYO, Dec 10 (Reuters) - Global aluminium producers have offered Japanese buyers premiums of $190-$203 per metric ton for January-March primary metal shipments, up 121%-136% from the current quarter, two sources directly involved in quarterly pricing talks said. Japan is Asia's major importer o...Reuters
Wed, Dec 10
Australia's mining competitiveness at risk from excessive regulation, says Rinehart
Red tape is a burden to industry, says RinehartAustralia passed environmental reforms last monthReforms do not go far enough, says mining lobby group MELBOURNE, Dec 10 (Reuters) - Mining baroness Gina Rinehart said on Wednesday the burden of excessive regulation on the Australian mining industry ...Reuters
Wed, Dec 10
PRESS DIGEST-British Business - December 10
Dec 10 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Shareholders of Anglo American AAL.L and Teck Resources TECKb.TO approved a previously announced merger, the compa...Reuters
Wed, Dec 10
Oil steady as supply concerns cap gains, market eyes Ukraine peace talks
SINGAPORE, Dec 10 (Reuters) - Oil prices held steady on Wednesday after falling about 1% in the previous session, as concerns over supply outpacing demand capped gains and investors watched for progress in Russia-Ukraine peace talks.Brent crude futures LCOc1 were up 11 cents, or 0.2%, to $62.05 a ba...Reuters
Wed, Dec 10
Venture Global hits back at Shell's fraud claims in LNG arbitration battle
Venture Global denies Shell's fraud claims, cites lack of evidenceShell accused of breaching arbitration confidentialityShell seeks commercial resolution despite arbitration challenge, according to emailBy Stephanie Kelly, Marwa Rashad and Curtis Williams LONDON, Dec 10 (Reuters) - Venture Gl...Reuters
Wed, Dec 10
GE Vernova working with US government to boost stocks of rare earth yttrium
By Laila Kearney and Lewis Jackson NEW YORK, Dec 10 - Gas turbine maker GE Vernova GEV.N is working with the U.S. government to increase its stockpiles of the rare earth yttrium, CEO Scott Strazik said on Tuesday, as China's export controls of the vital element create shortages across energy,...Reuters
Wed, Dec 10
GRAINS-Soybeans fall further on concerns about pace of Chinese buying
CANBERRA, Dec 10 (Reuters) - Chicago soybean futures extended declines to a fourth straight session on Wednesday, hitting six-week lows, amid doubts that China will buy enough U.S. beans to prevent prices from losing ground in a well supplied market.Wheat futures continued its losing run to a fourth...Reuters
Wed, Dec 10
Argentina's Mendoza province approves first copper mining project in over two decades
BUENOS AIRES, Dec 9 (Reuters) - The Senate of Argentina's Mendoza province on Tuesday approved an environmental impact statement for the PSJ Cobre Mendocino copper project, marking the first large-scale metal development to receive legislative approval in the province in more than two decades.• ...Reuters
Wed, Dec 10
LIVESTOCK-Live cattle futures end firm after choppy session; hogs lower
CHICAGO, Dec 9 (Reuters) - Live cattle futures on the Chicago Mercantile Exchange (CME) edged higher on Tuesday after a choppy session as market players awaited direction from subdued cash cattle markets.Tight U.S. cattle supplies continued to underpin the market, while weather forecasts called for ...Reuters
Wed, Dec 10
Silver Price Forecast: XAG/USD refreshes record high, looks to build on move beyond $61.00
Silver (XAG/USD) enters a bullish consolidation phase during the Asian session and oscillates in a narrow range near the all-time peak, around the $61.00 neighborhood, touched this Wednesday.
Fxstreet
Wed, Dec 10
EU agrees on climate target to cut emissions 90% by 2040, with 5% carbon credits
The European Union agreed late on Tuesday on a legally binding climate target to reduce greenhouse gas emissions 90% by 2040, against 1990 levels, and buy foreign carbon credits to cover 5% of the emissions cuts, the European Parliament said in a statement early on Wednesday.Reuters
Wed, Dec 10
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Dec 10 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$61.73/$61.29res $62.18/$62.37/$62.70Palm oil (3rd month)4,119/4,134 ringgitsup 4,080/4,056 ringgitWTI(1st month)$58.02/$57.67res $58.58/$59.04/$59.49Spot gold$4,180/$4,15...Reuters
Wed, Dec 10
GE Vernova expects 80 gigawatts of gas turbine contracts by year's end
Dec 9 (Reuters) - GE Vernova GEV.N expects 80 gigawatts of signed combined-cycle gas turbine contracts by the end of the year as electricity demand from Big Tech's data centers ramps up, the manufacturer of power-generation equipment said on Tuesday. As U.S. power demand reaches record highs...Reuters
Tue, Dec 9
Oil settles down about 1% as traders focus on Ukraine peace talks, Fed policy decision
Prices likely to hover in near-term tight range, analysts say Russia-Ukraine peace talks still in progressInvestors price in high possibility of Fed rate cut on WednesdayBy Nicole Jao NEW YORK, Dec 9 (Reuters) - Oil prices edged lower on Tuesday after falling 2% in the previous session, with inve...Reuters
Tue, Dec 9
BHP strikes $2 billion funding deal with GIP for iron ore power network
By Melanie Burton MELBOURNE, Dec 9 (Reuters) - BHP Group BHP.AX said on Tuesday that BlackRock BLK.N-owned Global Infrastructure Partners (GIP) would invest $2 billion in Western Australia Iron Ore's (WAIO) inland power network for a minority stake.The two firms will form an entity in which B...Reuters
Tue, Dec 9
CANADA-CRUDE-Discount on Western Canada Select at widest point since March
Dec 9 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Tuesday to its broadest point since early March.WCS for January delivery in Hardisty, Alberta, settled at $13.55 a barrel below the U.S. benchmark WTI, according to bro...Reuters
Tue, Dec 9
