News
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METALS-Zinc hits 4-month peak as availability on LME declines
By Pratima Desai LONDON, July 21 (Reuters) - Zinc prices rose to four-month highs on Monday as worries about tightness on the London Metal Exchange surfaced after data showed more than half of stocks in its approved warehouses had been marked to leave the system.Benchmark zinc CMZN3 on the LME wa...Reuters
Mon, Jul 21
AVZ Minerals says Congo deal with KoBold breaches arbitration order
DAKAR, July 21 (Reuters) - Australia-based AVZ Minerals 3A2.H, which holds a majority stake in the contested Manono lithium project in the Democratic Republic of Congo, said on Monday a new deal between Kinshasa and U.S.-backed KoBold Metals to develop part of the project breaches an existing intern...Reuters
Mon, Jul 21
EU to ramp up retaliation plans as US tariff deal prospects dim
Agreement hopes hit by Trump 30% tariff threat, DC talksDiplomats say EU members considering anti-coercion powersSome EU states still baulk at using 'nuclear option'By Philip Blenkinsop BRUSSELS, July 21 (Reuters) - The European Union is exploring a broader set of possible counter-measure...Reuters
Mon, Jul 21
ANALYSIS-US sanctions could cause chaos on Latam farms run on Russian fertilizers
Russia fertilizer shipments to Brazil up 30% in first halfBrazil farm group: Russian fertilizer essential for corn, soyMexico imported more than $580 million of Russian fertilizer last yearMexico avocado growers say price of their product could soarBy Ana Mano and Cassandra Garrison SAO PAULO/MEX...Reuters
Mon, Jul 21
BP names outsider Albert Manifold as chairman as investors push for turnaround
CRH's Albert Manifold to succeed Helge Lund as BP chairman in OctoberLund re-elected with reduced support in AprilAppointment comes as BP navigates major strategy shiftBy Yamini Kalia and Yadarisa Shabong July 21 (Reuters) - BP BP.L named outsider Albert Manifold, the former boss of building ...Reuters
Mon, Jul 21
EUROPE GAS-Dutch prices dip on strong supply, higher wind output
LONDON, July 21 (Reuters) - Dutch wholesale gas prices retreated on Monday morning as supply from Norway rose and wind power output rebounded, curbing demand for gas from power stations.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 0.73 euro at 33.65 euros per megawatt...Reuters
Mon, Jul 21
WTI flattens around $66 even as EU approves sanctions on Russia
West Texas Intermediate (WTI), futures on NYMEX, trades flat around $66.00 during the European trading session on Monday. The Oil price struggles for direction while the European Union (EU) has imposed sanctions on energy exports from Russia, following its three-year long war with Ukraine.
Fxstreet
Mon, Jul 21
METALS-Shanghai metals rise after China vows to shore up industrial growth
By Hongmei Li SINGAPORE, July 21 (Reuters) - The most-traded metals contracts on the Shanghai Futures Exchange rose on Monday after China's industry ministry vowed to stabilise the machinery, autos and electrical equipment sectors.China will roll out action plans to stabilise growth in these ...Reuters
Mon, Jul 21
PRECIOUS-Gold gains on softer dollar as investors await US trade updates
ECB policy meeting due on July 24Japan's government loses upper house controlPalladium up more than 1%By Brijesh Patel July 21 (Reuters) - Gold prices climbed on Monday, supported by a weaker dollar as investors monitored developments in U.S. trade talks and awaited potential market-moving ca...Reuters
Mon, Jul 21
Alaska Airlines resumes operations after IT outage
Ground stop lifted at 11 p.m. Pacific on SundayAlaska expects residual impacts throughout the eveningCause of IT outage remains unclearBy Gursimran Mehar and Shivani Tanna July 20 (Reuters) - U.S. carrier Alaska Airlines ALK.N resumed operations late on Sunday after briefly grounding all of its ...Reuters
Mon, Jul 21
Tokio Marine GX names GCube's Galea and Van Reyk to lead North American growth
By Rebecca DelaneyJuly 21 - (The Insurer) - Newly launched Tokio Marine GX has continued its expansion with the appointments of Rosa Van Reyk and Michael Galea as heads of North America, the company said on Friday.Based in New York City, Galea will be responsible for the East Coast, while Van Reyk w...Reuters
Mon, Jul 21
Sibanye-Stillwater To Buy Metallix Refining For $82 Mln Cash
July 21 (Reuters) - Sibanye Stillwater Ltd SSWJ.J:JSE: SSW - SIBANYE-STILLWATER TO ACQUIRE US METALS RECYCLER METALLIXSIBANYE STILLWATER LTD - SIBANYE-STILLWATER TO BUY METALLIX FOR $82M CASHSIBANYE STILLWATER: PROPOSED DEAL FOR ENTERPRISE VALUE OF US$105 MILLIONSIBANYE STILLWATER: METALLIX DEAL EXP...Reuters
Mon, Jul 21
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $66.22 per barrel, up from Friday’s close at $65.98.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $68.58.Fxstreet
Mon, Jul 21
FACTBOX-Closures, disposals reshaping the global petrochemical sector
MILAN/HOUSTON/NEW DELHI, July 21 (Reuters) - A wave of closures and disposals is reshaping the global petrochemical sector as companies around the world rethink their exposure to markets as they adjust to capacity build-up in China and higher costs in Europe.The European Union is being hit the harde...Reuters
Mon, Jul 21
ANALYSIS-Europe's chemical industry seeks a lifeboat to stay in business
EU faces rising imports and dependency on foreign chemicalsAround 40% of EU's ethylene capacity at risk of closureNorth America and Middle East benefit from cheaper raw materials By Francesca Landini, Pietro Lombardi, Mohi Narayan and Arathy Somasekhar MILAN/NEW DELHI/HOUSTON, July 21 (Reuter...Reuters
Mon, Jul 21
COLUMN-Asia's LNG imports stay soft in July as Europe draws cargoes: Russell
By Clyde RussellLAUNCESTON, Australia, July 21 (Reuters) - Asia's run of subdued imports of liquefied natural gas (LNG) is set to extend for another month in July, with the top-importing region on track for a tiny increase from June.Asia's imports of the super-chilled fuel are estimated at 2...Reuters
Mon, Jul 21
