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ROI-Copper Study Group highlights impact of mine supply hits: Andy Home
By Andy Home LONDON, Oct 24 (Reuters) - Copper has a long history of mine supply disruption, but this year is proving to be a particularly troubled one for a sector that has been racing to keep up with smelter demand. Several of the world's largest copper mines have experienced unexpected pro...Reuters
Fri, Oct 24
Asia Distillates-Margins hover at 1 1/2-yr highs on robust market fundamentals
Asia's diesel market performance was robust through the week, supported by expectations of firm November supply-demand fundamentals, while refining margins GO10SGCKMc1 rose back to slightly more than 1 1/2-year highs of $23 a barrel.Reuters
Fri, Oct 24
GRAINS-Chicago soybeans set for best weekly gain in 10 on trade optimism
Chicago soybean futures retreated on Friday from a one-month high as crude oil prices dropped, but remained on track for their biggest weekly gain in 10 weeks on hopes of renewed trade talks with top buyer China.Reuters
Fri, Oct 24
Trilogy Metals says key permits re-issued for Alaska mining road
Oct 24 (Reuters) - Canadian miner Trilogy Metals TMQ.TO said on Friday key federal permits have been re-issued for a planned road in northwest Alaska that would support future mining projects.U.S.-listed shares of Trilogy Metals TMQ.N rose over 8% in premarket trade.The permits, granted by U.S. agen...Reuters
Fri, Oct 24
Usiminas Q3 net loss 3.5 billion reais
Oct 24 (Reuters) - Usinas Siderurgicas de Minas Gerais SA USIMINAS USIM5.SA:USIMINAS Q3 NET REVENUE 6.60 BILLION REAIS VERSUS IBES ESTIMATE 6.46 BILLION REAISUSIMINAS Q3 ADJUSTED EBITDA 434 MILLION REAIS VERSUS IBES ESTIMATE 458.7 MILLION REAISUSIMINAS Q3 NET LOSS 3.5 BILLION REAISReuters
Fri, Oct 24
HSBC Says New US Sanctions on Russia Could Impact Oil Supply
Oct 24 (Reuters) - HSBC:SAYS THE NEW US SANCTIONS ON ROSNEFT AND LUKOIL − COUPLED WITH THE EU'S 18TH AND 19TH SANCTIONS PACKAGES − COULD LEAD TO NET SUPPLY LOSSES FROM RUSSIA OF SEVERAL HUNDRED THOUSAND BPD, THOUGH IT IS TOO EARLY TO QUANTIFY THEM RETAINS $65 PER BARREL BRENT PRICE ASSUMPTION FR...Reuters
Fri, Oct 24
Canada's Carney visits Asia to forge new alliances and reduce US dependence
Carney's visit highlights Canada's shift from US-centric foreign policyCanada's trade diversification targets include the Philippines, Malaysia, South Korea, JapanCarney may meet Xi Jinping to reset Canada-China relationsBy Maria Cheng OTTAWA, Oct 24 (Reuters) - Canada's Prime Mi...Reuters
Fri, Oct 24
ConocoPhillips sees insignificant impact on oil and gas from Ekofisk platform outage
OSLO, Oct 24 (Reuters) - An outage at the ConocoPhillips COP.N 2/4 K platform in the North Sea has only an "insignificant impact" on the production of oil and gas in the greater Ekofisk area to which it belongs, the company said on Friday.ConocoPhillips said the platform, which injects water...Reuters
Fri, Oct 24
ConocoPhillips sees insignificant impact on oil and gas from Ekofisk platform outage
OSLO, Oct 24 (Reuters) - An outage at the ConocoPhillips COP.N 2/4 K platform in the North Sea has only an "insignificant impact" on the production of oil and gas in the greater Ekofisk area to which it belongs, the company said on Friday.Reuters
Fri, Oct 24
EXPLAINER-Why are corn and soybeans at the heart of India-U.S. trade talks?
By Mayank Bhardwaj NEW DELHI, Oct 24 (Reuters) - U.S. President Donald Trump said this week he spoke with Indian Prime Minister Narendra Modi mainly about trade, and that Modi had assured him India would limit its oil purchases from Russia.After the United States sanctioned Russia's top oil p...Reuters
Fri, Oct 24
Japan, US to ink tech MOU during Trump's Tokyo visit, Nikkei says
TOKYO, Oct 24 (Reuters) - Japan and the U.S. are set to sign an agreement to cooperate on advanced technologies, including AI and nuclear fusion, during President Donald Trump's Japan visit next week, the Nikkei newspaper reported on Friday.Tokyo and Washington will exchange a memorandum of unde...Reuters
Fri, Oct 24
PRECIOUS-Gold set to snap nine-week winning streak on profit-taking, trade optimism
US CPI data due at 1230 GMTGold heads for biggest weekly percentage fall since November 2024 Silver down 7.2% so far this weekBy Anmol Choubey Oct 24 (Reuters) - Gold prices dropped more than 1% on Friday and were poised to break a nine-week winning streak as investors booked profits and signs of...Reuters
Fri, Oct 24
Global energy layoffs deepen in 2025 as crude prices weaken, M&A deals surge
Sept 30 (Reuters) - Global energy majors and related companies plan to slash more jobs in 2025, after cutting thousands last year, as the industry navigates weaker crude oil prices and a rapid consolidation.Benchmark Brent crude LCOc1 futures are down 11.6% year-to-date, impacted by increased OPEC+ ...Reuters
Fri, Oct 24
Ukraine in race to outfox Russian defences with drone attacks, commander says
Ukrainian drone commander says Russia is a skilled opponentBoth sides quickly adapt as Kyiv ramps up refinery attacksCommander says quality of drones more important than quantityDrones are travelling up to 2,000 km to strike Russian targetsBy Vladyslav Smilianets and Valentyn Ogirenko Oct 24 (Reu...Reuters
Fri, Oct 24
TABLE-Japan aluminium buyers agree to pay Q4 premium of $86/T
TOKYO, Oct 24 (Reuters) - Japanese aluminium buyer have agreed to pay global producers a premium of $86 per metric ton over the benchmark price for October-December shipments, down 20% from the previous quarter, five sources directly involved in the pricing talks said.Following is a table of premium...Reuters
Fri, Oct 24
Japan Q4 aluminium premium set at $86 a ton, down 20% from Q3 -sources
Q4 marks 3rd straight quarterly declineProducers' initial offers were $98-$103 per tonDrop driven by weak domestic demand and high inventories By Yuka Obayashi TOKYO, Oct 24 (Reuters) - The premium for aluminium shipments to Japanese buyers for October to December was set at $86 per metric to...Reuters
Fri, Oct 24
ANALYSIS-Indonesia's rate cuts aren't working as banks hold line, firms baulk
Bank Indonesia seeks to improve policy transmissionWill grant incentives for banks committed to cutting ratesBusinesses hesitant due to policy uncertainties, weak salesLoan growth remains below BI's target range of 8-11%By Gayatri Suroyo and Stefanno Sulaiman JAKARTA, Oct 24 (Reuters) - Indon...Reuters
Fri, Oct 24
WTI Oil steadies above $61.00 as concerns about oversupply ease
Crude prices’ pullback from two-week highs at $62.00 witnessed on Thursday remains contained above $61.00 so far, with the commodity on track to its sharpest weekly rally in four months, as new sanctions on Russian Oil have eased market concerns about an Oil glut.
Fxstreet
Fri, Oct 24
