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Freeport Indonesia targets 478,000 tons of copper cathode output in 2026
JAKARTA, Nov 24 (Reuters) - Freeport Indonesia plans to produce 478,000 metric tons of copper cathode and 26 tons of gold in 2026, lower than its initial plan due to an ongoing recovery process following a mud flow accident, chief executive Tony Wenas said on Monday.Copper and gold sales in 2025 are...Reuters
Mon, Nov 24
PRECIOUS-Gold dips as dollar firms, investors weigh US rate cut bets
US dollar holds near six-month highs hit on FridayNo major support for gold bulls - analystBy Ishaan Arora Nov 24 (Reuters) - Gold prices dipped for a third straight session on Monday as the dollar firmed near six-month highs and weighed on the yellow metal, while market participants await more c...Reuters
Mon, Nov 24
PRECIOUS-Gold dips as dollar firms on reduced rate-cut prospects
Nov 24 (Reuters) - Gold prices dipped on Monday, weighed down by a firm dollar near six-month highs and diminished prospects of a December interest rate cut by the U.S. Federal Reserve. FUNDAMENTALSSpot gold XAU= was down 0.3% at $4,051.48 per ounce, as of 0132 GMT. U.S. gold futures GC...Reuters
Mon, Nov 24
GRAINS-Soybeans sit below 17-month highs as traders mull Chinese demand
CANBERRA, Nov 24 (Reuters) - Chicago soybean futures were flat on Monday, sitting a little below last week's 17-month high as traders pondered whether China would buy enough U.S. beans to push prices higher. Wheat futures slipped for a fourth straight session amid abundant supply, while corn edg...Reuters
Mon, Nov 24
BREAKINGVIEWS-BHP’s new Anglo fail is dud swan song for CEO
By Karen Kwok and George Hay LONDON, Nov 24 (Reuters Breakingviews) - BHP BHP.AX has done it again. Eighteen months after quitting a set-piece M&A battle for Anglo American AAL.L with its tail between its legs, the $132 billion miner was on Sunday evening obliged to repeat the move in double...Reuters
Mon, Nov 24
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Nov 24 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$62.89/$63.42sup $61.73/$61.29Palm oil (3rd month)4,034/3,991 ringgitres 4,102/4,145 ringgitWTI(1st month)$58.18/$58.71/$59.23sup $57.53/$57.08/$56.47Spot gold$3,995/$3,93...Reuters
Mon, Nov 24
ROI-Limp COP30 deal matters little in renewables vs fossil battle: Russell
Reuters Open Interest (ROI) is your essential source for global financial commentary. By Clyde RussellLAUNCESTON, Australia, Nov 24 (Reuters) - The weak statement that omitted any mention of fossil fuels was probably the best outcome that could have been realistically expected of the COP30 climate s...Reuters
Mon, Nov 24
China's Premier pitches to German Chancellor closer collaboration in strategic industries
China's premier met German chancellor on G20 sidelinesWorld's second- and third-largest economies seek closer tiesLi Qiang proposed closer collaboration in strategic industriesUS President Trump's tariffs squeezing both economies BEIJING, Nov 24 (Reuters) - China's Premier Li Qian...Reuters
Mon, Nov 24
RPT-Pakistan says rooftop solar output to exceed grid demand in some hubs next year
Country's emissions and some power bills are downElectric utilities struggle with weak demand, high debtClimate ministry says Lahore could see negative power demandBy Sudarshan Varadhan BELEM, Brazil, Nov 22 (Reuters) - Pakistan's rooftop solar generation will for the first time exceed po...Reuters
Sun, Nov 23
BHP drops bid for Anglo American after early talks
Nov 23 (Reuters) - BHP Group BHP.AX said on Monday it is no longer pursuing a potential combination with Anglo American AAL.L after preliminary discussions with the rival miner's board. BHP had made a renewed takeover bid for Anglo American, a source familiar with the matter told Reuters on...Reuters
Sun, Nov 23
No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says
Bessent says inflation due to services economy, not tariffsTreasury secretary says Republicans should end filibuster in event of another shutdownBessent says administration working to lower prices where it canBy Andrea Shalal and David Lawder WASHINGTON, Nov 23 (Reuters) - Treasury Secretary Scot...Reuters
Sun, Nov 23
Bessent says he expects Ukraine-Russia peace process to advance, deadline unclear
WASHINGTON, Nov 23 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Sunday he expects the peace process between Russia and Ukraine to move forward, but that he had not discussed with President Donald Trump a Thanksgiving deadline for Ukraine to sign onto a U.S. peace plan that cedes more te...Reuters
Sun, Nov 23
Bessent says entire US economy not at risk of recession, NBC's 'Meet the Press' interview
WASHINGTON, Nov 23 (Reuters) - Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given easing interest rates and benefits from tax cuts.Bessent told NBC's ...Reuters
Sun, Nov 23
Israel did not notify US in advance about Beirut strike, senior official tells Axios
WASHINGTON, Nov 23 (Reuters) - A senior U.S. official said Israel did not notify the United States in advance about its strike targeting a Hezbollah militant in a Beirut suburb, an Axios reporter said on Sunday in a post on X. The official said the administration was informed immediately after the s...Reuters
Sun, Nov 23
Turkey's Erdogan says he will speak to Russia's Putin on Monday
ANKARA, Nov 23 (Reuters) - Turkish President Tayyip Erdogan said he would have a phone call with his Russian counterpart Vladimir Putin on Monday to discuss peace efforts in Ukraine, adding that he would also ask him to restart a deal for the safe passage of grains via the Black Sea.NATO member Turk...Reuters
Sun, Nov 23
