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Indonesia says 22 plants in industrial zone near Jakarta contaminated by caesium 137
JAKARTA, Oct 8 (Reuters) - Indonesia's special task force on radioactive contamination has found traces of Caesium 137 at 22 production facilities in an industrial zone near Jakarta, officials said on Wednesday.The contamination was first detected in a batch of shrimp shipped to the United State...Reuters
Wed, Oct 8
HSBC raises 2025 average silver price forecast to $38.56 per ounce
Oct 8 (Reuters) - HSBC on Wednesday raised its average silver price forecasts for 2025 to $38.56 per ounce from $35.14 citing expectations for high gold prices, renewed investor demand, and anticipated volatile trading.The bank also raised its forecast for 2026 to $44.50 from $33.96 earlier and $40 ...Reuters
Wed, Oct 8
RPT-COLUMN-Texas wind speeds in focus as rare fossil fuel output cut in reach: Maguire
By Gavin MaguireLITTLETON, Colorado, Oct 8 (Reuters) - Texas's main power generation system is on track for a rare contraction in fossil fuel-fired generation in 2025, as long as output from the state's massive wind farms rises sharply as expected during the final quarter of the year. During...Reuters
Wed, Oct 8
RPT-COLUMN-Russian strikes on Ukraine’s gas will reverberate across Europe: Bousso
Russian strikes cause critical damage to Ukrainian gas productionUkraine will need to import gas from Europe to fill production gapAmple LNG supplies will mitigate any European gas price increasesBy Ron Bousso LONDON, Oct 8 (Reuters) - Russia's heavy bombardment of Ukraine's natural gas i...Reuters
Wed, Oct 8
GRAINS-Wheat near 5-year low as global supply weighs
PARIS/CANBERRA, Oct 8 (Reuters) - Chicago wheat futures edged down for a third session on Wednesday to approach a five-year low as a stronger dollar and expectations of rising global supply curbed prices.Corn ticked down and soybeans edged higher as traders assessed U.S. harvest progress while await...Reuters
Wed, Oct 8
Gold Price Forecast: XAU/USD rallies further to near $4,050, ignores upbeat US Dollar
Gold price (XAU/USD) extends its rally to near $4,050.00 during the European trading session on Wednesday. The precious metal continues to move higher as deepening political crisis in France and the United States (US) government shutdown have increased the demand of safe-haven assets, such as Gold.
Fxstreet
Wed, Oct 8
Gold Hits Historic High Above $4,000 as Political Turmoil and Policy Uncertainty Fuel Haven Demand
TradingKey - On October 8, spot gold prices broke through $4,000 per ounce for the first time in history, briefly hitting a record high of $4,040. December-delivery New York gold futures also set a new all-time high at $4,063.TradingKey
Wed, Oct 8
Russia moves to withdraw from plutonium agreement with the United States
By Guy Faulconbridge and Anastasia TeterevlevaMOSCOW, Oct 8 (Reuters) - Russia's lower house of parliament on Wednesday approved a move to withdraw from a landmark agreement with the United States aimed at reducing vast stockpiles of weapons-grade plutonium left over from thousands of Cold War n...Reuters
Wed, Oct 8
Nestle quits global alliance on reducing dairy methane emissions
By Alexander Marrow LONDON, Oct 8 (Reuters) - Food group Nestle NESN.S said on Wednesday it had withdrawn from a global alliance for cutting methane emissions that aims to reduce the impact of dairy farming on global warming. The Dairy Methane Action Alliance was launched in December 2023, with m...Reuters
Wed, Oct 8
Middle East Crude-Benchmarks rise; Oman, Murban reach one-week highs
SINGAPORE, Oct 8 (Reuters) - Middle East crude benchmarks increased on Wednesday, with spot premiums of Oman and Murban reaching their highest in about one week, supported by a less-than-expected output hike by OPEC+.Markets plunged this month due to fears of an accelerated hike for November, but se...Reuters
Wed, Oct 8
USD extends gains as Gold surges past $4,000 – BBH
US Dollar (USD) is extending its advanced against most currencies, eyeing the upper bound of its range dating back to June. Treasuries are pushing higher, US equity futures are up, and gold prices soared above $4000 per ounce for the first time ever, BBH FX analysts report.Fxstreet
Wed, Oct 8
Weight-loss drugs and MAHA are hammering US sugar beet farmers
Sugar beet prices are down more than 30% as US consumption declinesInflation, the popularity of GLP-1 weightloss drugs, and the MAGA movement hit consumptionFarmers of sugar beets, usually a safe crop, are relying on farm aid to make ends meetBy Karl PlumeCHICAGO, Oct 8 (Reuters) - For years, sugar ...Reuters
Wed, Oct 8
Anglo CEO still sees future in Africa despite shrinking footprint
Oct 8 (Reuters) - Anglo American AAL.L still considers Africa to be part of its future due to its critical mineral resources, despite the mining company's recent restructuring and disposal of assets there, CEO Duncan Wanblad said on Wednesday.Anglo American has exited its coal and platinum opera...Reuters
Wed, Oct 8
Iraq, Exxon to sign Majnoon oil field agreement Wednesday, sources say
BAGHDAD, Oct 8 (Reuters) - Iraq and Exxon Mobil XOM.N will sign an agreement on Wednesday to manage, develop, and operate Majnoon oil field in southern Iraq, three Iraqi official sources with knowledge of the matter told Reuters.The agreement will also include upgrading Iraqi oil export infrastructu...Reuters
Wed, Oct 8
UK seeks clarification on EU steel quotas as industry warns of crisis
EU market accounts for 78% of UK steel exportsUK industry warns of crisis without exemptionsUK PM says discussing issue with the EU By Alistair Smout LONDON/MUMBAI, Oct 8 (Reuters) - Britain said it was seeking urgent clarification on steel import quotas announced by the European Commission, as t...Reuters
Wed, Oct 8
METALS-Copper ekes out gains as supply worries counter stronger dollar
By Brijesh Patel Oct 8 (Reuters) - Copper prices traded slightly higher after early losses on Wednesday, as concerns over supply disruptions offset the pressure from a rising U.S. dollar.Three-month copper on the London Metal Exchange CMCU3 was up 0.1% at $10,768 per metric ton by 0713 GMT. The d...Reuters
Wed, Oct 8
