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China warns Panama of 'heavy prices' to pay after CK Hutchison contract quashed
BEIJING, Feb 3 (Reuters) - China warned Panama on Tuesday there would be "heavy prices" to pay after a court ruling there annulled Hong Kong-based CK Hutchison's 0001.HK contract to operate two ports at the Panama Canal.China's Hong Kong and Macau Affairs Office called the ruling by ...Reuters
Tue, Feb 3
Sigma Lithium's waste piles offer no 'imminent risk' says Brazil's mining regulator
ANM's assessment does not overturn shutdown order from Brazil's Labor MinistryRegulator's view could support Sigma's lawsuit against governmentANM's visit included visual assessment and documentation analysisBy Fabio Teixeira RIO DE JANEIRO, Feb 3 (Reuters) - Sigma Lithium'...Reuters
Tue, Feb 3
Grain trader ADM's 2026 profit forecast lags expectations amid US biofuel policy uncertainty
Biofuel policy uncertainty and trade turmoil pressure ADM profitsADM reports weakest Q4 adjusted profit since 2019CEO Luciano sees improved operating environment in 2026By Karl Plume and Pooja Menon CHICAGO, Feb 3 (Reuters) - Archer-Daniels-Midland ADM.N on Tuesday forecast current-year adjusted...Reuters
Tue, Feb 3
Glencore Announces Proposed Acquisition By Orion CMC Of A Stake In Co's DRC Assets
Feb 3 (Reuters) - Glencore PLC GLEN.L:PROPOSED ACQUISITION BY US-BACKED ORION CRITICAL MINERAL CONSORTIUM OF A STRATEGIC STAKE IN GLENCORE'S DRC ASSETSGLENCORE: POTENTIAL ACQUISITION BY ORION CMC OF A 40% STAKE IN GLENCORE'S INTERESTS IN ITS DEMOCRATIC REPUBLIC OF CONGO ASSETSGLENCORE:TRANSA...Reuters
Tue, Feb 3
US House to approve moving forward Tuesday on ending government shutdown, speaker says
WASHINGTON, Feb 3 (Reuters) - The U.S. House of Representatives will approve moving forward with legislation on Tuesday to bring an end to the short government shutdown, House Speaker Mike Johnson said.Reuters
Tue, Feb 3
PRECIOUS-Gold set for biggest daily gain since 2008; silver also rebounds
Gold jumps over 5%, silver up over 9%Analyst sees gold resuming longer‑term riseNo US employment report on Friday due to partial government shutdownBy Anmol Choubey Feb 3 (Reuters) - Gold and silver prices rebounded sharply on Tuesday after a steep selloff over the previous two sessions and the b...Reuters
Tue, Feb 3
Germany buys minority stake in grid operator TenneT for $3.9 billion
Berlin takes strategic stake in TenneT Germany via state lenderInvestor consortium took stake already last yearDeal expected to close in third quarterBy Bart H. Meijer and Christoph Steitz AMSTERDAM/FRANKFURT, Feb 3 (Reuters) - Germany has agreed to buy 25.1% of Dutch grid operator TenneT's G...Reuters
Tue, Feb 3
US trade chief says India to maintain some agriculture protections in deal with Trump
WASHINGTON, Feb 3 (Reuters) - The Trump administration is working to put the details of its trade deal with India announced on Monday on paper, but it will reduce India's tariffs on American industrial goods to zero from 13.5% and eliminate duties but allow India to maintain some agricultural im...Reuters
Tue, Feb 3
REalloys signs deal to secure rare earth feedstock from Kazakhstan's AltynGroup
Feb 3 (Reuters) - REalloys has signed a series of deals with Kazakhstan-based AltynGroup to secure rare earth feedstock from the Central Asian country for its North American processing and refining facilities, it said on Tuesday.Under the agreement, the rare earth firm will receive initial offta...Reuters
Tue, Feb 3
ROI-Bullish, not breathless: analysts temper base-metals calls: Andy Home
By Andy Home LONDON, Feb 3 (Reuters) - It should come as no great surprise that copper is the analyst pick for best-performing base metal in 2026.Not only does the red metal play a starring role in both the energy transition and the artificial intelligence narratives, it is also a market facing s...Reuters
Tue, Feb 3
SLB wins $1.5 billion contract for Kuwait's Mutriba field development
Feb 3 (Reuters) - Oilfield services provider SLB SLB.N said on Tuesday it has been awarded a $1.5 billion contract over five years by Kuwait Oil Company for the development of the Mutriba field in the country. Oil producers in the Middle East, Africa and Asia are seeking to boost inventories, whi...Reuters
Tue, Feb 3
WTI Price Forecast: Bullish 21-day and 50-day SMA crossover keeps upside bias intact
West Texas Intermediate (WTI) Crude Oil stages a technical rebound on Tuesday, as buyers step in ahead of the $60 psychological level. At the time of writing, WTI is trading around $62.45 per barrel, up about 0.70% on the day after reversing its earlier intraday losses.
Fxstreet
Tue, Feb 3
CBOT Trends-Wheat up 1-2 cents, corn up 1-2, soy up 8-9
CHICAGO, Feb 3 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Tuesday: WHEAT - Up 1 to 2 cents per bushelCBOT wheat Wv1 rebounded after a selloff across grains and oilseeds on Monday...Reuters
Tue, Feb 3
US natural gas futures rise 2% on output decline, increased LNG flows
Volatility reaches record high, boosting trading volumeLSEG projects lower gas demand next week as weather warmsBy Scott DiSavinoNEW YORK, Feb 3 (Reuters) - U.S. natural gas futures climbed about 2% on Tuesday on a small decline in output, along with increases in gas flows to liquefied natural gas (...Reuters
Tue, Feb 3
US trade representative says still 'papering' India trade deal
WASHINGTON, Feb 3 (Reuters) - The Trump administration is working on memorializing the trade agreement announced on Monday with India, U.S. Trade Representative Jamieson Greer said in an interview on CNBC on Tuesday.""We'll finish papering it, but we know the specifics, we know the detai...Reuters
Tue, Feb 3
China calls Panama court ruling on CK Hutchison port contracts 'shameful, pathetic'
BEIJING, Feb 3 (Reuters) - China on Tuesday called a Panama court ruling annulling CK Hutchison's 0001.HK contracts to operate two Panama Canal ports "absurd", "shameful and pathetic", and vowed to defend Chinese firms interests.Panama's Supreme Court last week annulled key c...Reuters
Tue, Feb 3
REFILE-China to expand its copper strategic reserve, industry association says
Feb 3 (Reuters) - China will expand its copper strategic reserve, an official from the state-backed China Nonferrous Metals Industry Association said on Tuesday.The remarks were made by Duan Shaofu, the deputy secretary-general of the association, at a press conference, according to Shanghai Securit...Reuters
Tue, Feb 3
KCC pegs insured losses from winter storm at $6.7 billion
Feb 3 (Reuters) - Privately insured losses from the recent winter storm are estimated to be $6.7 billion, catastrophe risk modeling firm Karen Clark and Company said on Tuesday.A major winter storm swept across parts of the eastern and southern U.S. in January, bringing heavy snow, sleet and freezin...Reuters
Tue, Feb 3
