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Silver retreats from multi-year peak as Fed pause and profit-taking cool rally
The Silver (XAG/USD) edges lower for the second consecutive day on Thursday, retreating from a fresh multi-year high of $37.32 touched on Wednesday, as traders lock in profits following the Federal Reserve’s (Fed) cautious policy pause.
Fxstreet
Thu, Jun 19
Russian steel factories could shut due to low export profitability, says Severstal
ST PETERSBURG, Russia, June 19 (Reuters) - Russian steel factories could be forced to close due to low domestic demand and as the strong rouble reduces export profitability, Alexander Shevelev, head of major Russian steelmaker Severstal, said on Thursday. Russia's high key rate, at 21% for seve...Reuters
Thu, Jun 19
Russia's Novak says OPEC+ should continue oil output increases
By Vladimir Soldatkin and Olesya Astakhova ST PETERSBURG, Russia, June 19 (Reuters) - Russia's top oil official said on Thursday that OPEC+ oil producers should proceed with plans to increase output, noting rising summer demand. "To ensure and balance it, we need to return to the market p...Reuters
Thu, Jun 19
Greenland gives EU-backed critical metals project permit to mine
COPENHAGEN, June 19 (Reuters) - Greenland on Thursday handed a 30-year permit to a European Union-backed project that aims to mine molybdenum, a critical metal used in aerospace, energy and defence and on which China has imposed export controls.The resource-rich Arctic island has seen rising activit...Reuters
Thu, Jun 19
Iran adapts to maintain oil exports during conflict, trackers say
Iran's crude exports averaging 2.2 million bpd this week, Kpler saysTankers are loading one-by-one at Kharg IslandFloating storage is moving close to China to shield buyers from potential disruptionsBy Robert Harvey LONDON, June 19 (Reuters) - Iran is maintaining crude oil supply by loading t...Reuters
Thu, Jun 19
PRECIOUS-Gold little changed, platinum retreats from 10-year high
U.S. markets closed for Juneteenth holiday Fed keeps rates steady, but pencils in two cuts by end of 2025Israel hits nuclear sites, Iran strikes hospital Platinum down over 3% By Anushree Mukherjee June 19 (Reuters) - Gold prices were little changed on Thursday as heightened geopolitical tens...Reuters
Thu, Jun 19
PRESS DIGEST-Canada - June 19
June 19 (Reuters) - The following are the top stories from a selected Canadian newspaper. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- Canada's Liberal government pushed through a bill on Thursday, allowing cabinet to fast-track federal approva...Reuters
Thu, Jun 19
SpaceX Starship rocket explodes in setback to Musk's Mars mission
June 19 (Reuters) - SpaceX's massive Starship spacecraft exploded into a dramatic fireball during testing in Texas late on Wednesday, the latest in a series of setbacks for billionaire Elon Musk’s Mars rocket program.The explosion occurred around 11 p.m. local time while Starship was on a test s...Reuters
Thu, Jun 19
Rare earth access is the European Union's priority at China summit
China dominates rare earth productionSummit takes place two weeks after US deadline for tariff dealsSources say EU mission to China solely focused on rare earths ahead of talksBy Philip Blenkinsop and Laurie Chen BRUSSELS/BEIJING, June 19 (Reuters) - European Union leaders will use a summit with ...Reuters
Thu, Jun 19
US CPC Says ENSO-Neutral Is Likely To Persist Through September With Near 70% Chance
June 19 (Reuters) - U.S. NATIONAL WEATHER SERVICE'S CLIMATE PREDICTION CENTER (CPC):SAYS ENSO-NEUTRAL CONDITIONS CONTINUE WITH SEA SURFACE TEMPERATURES NEAR AVERAGE OVER MOST OF THE EQUATORIAL PACIFIC OCEANSAYS ENSO-NEUTRAL IS LIKELY TO PERSIST THROUGH SEPTEMBER WITH NEAR 70% CHANCESAYS BY LATE ...Reuters
Thu, Jun 19
Constellium bets on lighter, recycled aluminium for future planes
PARIS, June 19 (Reuters) - Constellium CSTM.N is testing lighter alloys and more comprehensive recycling as the aluminium processor positions itself for future single-aisle jets, where competition from composite materials is set to intensify.Having lost share to composites in larger planes like Airb...Reuters
Thu, Jun 19
Iran's options against foreign aggression include closing Strait of Hormuz, lawmaker says
DUBAI, June 19 (Reuters) - Iran could shut the Strait of Hormuz as a way of hitting back against its enemies, a senior lawmaker said on Thursday, though a second member of parliament said this would only happen if Tehran's vital interests were endangered.Iran has in the past threatened to cl...Reuters
Thu, Jun 19
INSIGHT-'Amber waves of grain' recede in America's heartland as wheat farmers struggle
Windmills, corn and soybeans spring up in former wheat fieldsHistorically, wheat was the best crop from Texas through MontanaDrought-hit yields or low prices make bumper crops unprofitableBy Emily SchmallCOLBY, Kansas, June 19 (Reuters) - On a foggy morning in May, Dennis Schoenhals drove a carload...Reuters
Thu, Jun 19
EU increasingly resigned to 10% baseline tariff in US trade talks, European sources say
EU and U.S. are seeking a trade deal by July 9Trump says EU has not yet offered a fair dealUS sees 10% baseline rate for reciprocal tariffs Baseline 10% rate is 'sticky', senior EU official saysBy Julia Payne and Jan Strupczewski BRUSSELS, June 19 (Reuters) - European officials are increa...Reuters
Thu, Jun 19
Russia warns strike on Iran's Bushehr nuclear plant could cause 'Chernobyl-style catastrophe'
Bushehr is Iran's only working nuclear plant Russia built it and is constructing more reactorsHundreds of Russian workers are in BushehrMoscow urges Israel not to strike plant By Vladimir Soldatkin, Andrew Osborn and Dmitry Antonov ST PETERSBURG, June 19 (Reuters) - The head of Russia&...Reuters
Thu, Jun 19
Putin meets Indonesia's Prabowo in Russia in bid to deepen ties
ST PETERSBURG, Russia, June 19 (Reuters) - Indonesian President Prabowo Subianto held talks with President Vladimir Putin in the northern Russian city of St Petersburg on Thursday as they explore ways to deepen what some officials have called a burgeoning strategic partnership . Putin no...Reuters
Thu, Jun 19
Israeli official says 'it was a mistake' to say Bushehr was hit
By Jana Choukeir, Pesha Magid and Steven ScheerDUBAI/JERUSALEM, June 19 (Reuters) - An Israeli military official said on Thursday that "it was a mistake" for a military spokesperson to have said earlier in the day that Israel had struck the Bushehr nuclear site in Iran.The official would on...Reuters
Thu, Jun 19
