News
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Glencore cuts next year's copper goal, targets 1.6 million tons by 2035
By Clara Denina and Pratima Desai LONDON, Dec 3 (Reuters) - Glencore GLEN.L cut its 2026 copper production guidance on Wednesday, but said it aims to reach 1.6 million metric tons by 2035 through new and restarted mines and streamlined operations."We're going to spend quite a bit of time ...Reuters
Wed, Dec 3
Spain plans wild boar cull amid swine fever outbreak that hit exports
Catalan leader says 'too many' wild boar in the regionHunting associations asked for support China, Britain have agreed to continue taking some pork exportsBARCELONA/MADRID, Dec 3 (Reuters) - Spain's Catalonia region has pledged to curb its wild boar population, including by ramping up c...Reuters
Wed, Dec 3
Britain lifts blanket ban on Spanish pork imports, adopts regional controls
LONDON, Dec 3 (Reuters) - Britain said on Wednesday it would allow pork imports from parts of Spain unaffected by African swine fever (ASF), reversing a blanket ban imposed last week after the country reported its first cases of the disease in more than three decades.The move aligns Britain with the...Reuters
Wed, Dec 3
SOFTS-Robusta coffee prices ease, focus on Vietnam harvest
LONDON, Dec 3 (Reuters) - Robusta coffee futures eased on Wednesday as the focus remained on whether recent storms and flooding in top producer Vietnam have dented the harvest outlook. COFFEERobusta coffee LRCc1 lost 0.3% to $4,337 a metric ton by 1623 GMT. Dealers said storms had delayed th...Reuters
Wed, Dec 3
Turkey says attacks on vessels in Black Sea 'very scary', impact safety and commerce
ANKARA, Dec 3 (Reuters) - Turkey's foreign minister said on Wednesday that recent attacks on Russia-linked tankers within Turkey's exclusive econmic zone in the Black Sea were "very scary" and impacted navigational safety and commerce in the region.Foreign Minister Hakan Fidan, who d...Reuters
Wed, Dec 3
Ivanhoe Mines forecasts Kamoa-Kakula copper output of up to 420,000 tons in 2026
LONDON, Dec 3 (Reuters) - Ivanhoe Mines IVN.TO said on Wednesday that it expects copper output at its Kamoa-Kakula complex in the Democratic Republic of Congo to reach 380,000–420,000 metric tons in 2026 and 500,000–540,000 tons in 2027 as its recovery plan advances.Reuters
Wed, Dec 3
Namibia says onshore Kavango West 1X exploration well yields promising results
WINDHOEK, Dec 3 (Reuters) - Namibia's national oil company Namcor said on Wednesday that the onshore Kavango West 1X exploration well had yielded promising results.A string of high-profile discoveries by oil companies including TotalEnergies, Shell and Galp has turned the small Southern African ...Reuters
Wed, Dec 3
US EIA weekly petroleum status report failed to publish at expected time
NEW YORK, Dec 3 (Reuters) - The U.S. Energy Information Administration did not publish its weekly petroleum status report at 10:30 a.m. ET (1530 GMT) as expected.The agency faced technical difficulties publishing the report on time, EIA officials said.The EIA said it was looking into the issue but d...Reuters
Wed, Dec 3
Terra Brasil draws US, UK, Chinese interest in $1 billion rare earths project
Terra Brasil seeks $1 billion investment in rare earths project18 firms from US, UK, Australia, China accessed data roomExperts say financing holding back Brazil rare earths miningBy Marta Nogueira RIO DE JANEIRO, Dec 2 (Reuters) - Terra Brasil Minerals is drawing global interest in a $1 billion ...Reuters
Wed, Dec 3
US EIA weekly petroleum status report failed to publish at expected time
NEW YORK, Dec 3 (Reuters) - The U.S. Energy Information Administration did not publish its weekly petroleum status report at 10:30 a.m. ET as expected.Officials at the EIA were not immediately available for comment.Reuters
Wed, Dec 3
EU tech rules are costing them big time, U.S. commerce secretary says
WASHINGTON, Dec 3 (Reuters) - U.S. Commerce Secretary Howard Lutnick said on Wednesday the European Union's rules for technology companies are hurting the economic bloc. "I think their technology rules are costing them big time," Lutnick said in an interview with CNBC. Lutnick said last ...Reuters
Wed, Dec 3
Israel publishes draft law seeking to boost state revenues from Dead Sea minerals
By Steven Scheer JERUSALEM, Dec 3 (Reuters) - Israel on Wednesday published a draft law that aims to boost state revenues from a concession for extracting minerals from the Dead Sea as well as tackling its environmental consequences.The Finance Ministry said the proposed law intends to redefine t...Reuters
Wed, Dec 3
REUTERS NEXT-Multilateralism works even as US and fossil fuel industry oppose climate action, UN chief says
By Valerie Volcovici New YORK, Dec 3 (Reuters) - The final outcome of the COP30 climate summit in Brazil last month was "disappointing," but showed multilateralism still works in the absence of the United States' participation and amid growing geopolitical tensions, UN Secretary-Gener...Reuters
Wed, Dec 3
US natgas futures climb 2% to 35-month high on record LNG flows, colder weather forecasts
Colder weather expected to increase gas demand for heatingRecord LNG flows boost US natural gas demandCash gas prices rise to highest levels since last winter on extreme coldGlobal gas prices lower amid Russia-Ukraine peace talksRecord output, ample storage limit price gainsBy Scott DiSavino NEW ...Reuters
Wed, Dec 3
Goldman Sachs lifts average H1 2026 LME copper price forecast to $10,710/t
Dec 3 (Reuters) - Goldman Sachs on Wednesday lifted its average LME copper price forecast for the first half of 2026 to $10,710 per metric ton, up from $10,415/t earlier."Copper is our 'favourite' industrial metal as constrained mine supply growth and structural demand growth from grid &...Reuters
Wed, Dec 3
Brazil's 2025 chicken exports to rise despite bird flu trade bans
By Ana ManoSAO PAULO, Dec 3 (Reuters) - Brazilian chicken exports are expected to rise up to 0.5% this year to 5.32 million metric tons, meat lobby ABPA said on Wednesday, after exporters avoided trade bans triggered by a bird flu outbreak in May, including from key buyers China, Japan and the Europ...Reuters
Wed, Dec 3
Multilateralism still works even as US and oil industry abandon climate action, UN chief says
Dec 3 (Reuters) - The final outcome of the COP30 climate summit in Brazil last month was "disappointing," but showed that multilateralism still works in the absence of the United States and strained geopolitical tensions, UN Secretary General Antonio Guterres told the Reuters Next conference...Reuters
Wed, Dec 3
UBS Expects Brent Crude Oil To Trade Around $65/bbl At mid-2026
Dec 3 (Reuters) - UBS:EXPECTS CRUDE OIL PRICES TO START RECOVERING IN THE SECOND QUARTER OF 2026SAYS BASE CASE IS FOR BRENT TO TRADE AT AROUND $65/BBL AT MID-2026 AND $67/BBL AT THE END OF 2026 FORECASTS WEST TEXAS INTERMEDIATE (WTI) AT A $3/BBL DISCOUNT TO BRENTReuters
Wed, Dec 3
