Smelter charges collapse as zinc mine supply falters:  Andy Home

Smelter charges collapse as zinc mine supply falters: Andy Home

Benchmark zinc smelter treatment charges have fallen sharply this year, attesting to a tightening of the mine supply chain. Canadian miner Teck Resources has agreed to pay Korea Zinc...
April 09, 2024 at 07:02 am EDT
Oil funds turn bullish as Mideast conflict intensifies:  Kemp

Oil funds turn bullish as Mideast conflict intensifies: Kemp

Portfolio investors are increasingly bullish about oil as Saudi Arabia and its OPEC allies restrict production in the face of rising demand and the shadow war between Israel and Iran spills into the...
April 08, 2024 at 09:01 pm EDT
Gold bulls eye more record highs despite lightning gains

Gold bulls eye more record highs despite lightning gains

An upgraded gold price forecast for 2024 from Nicky Shiels, head of metals strategy at Swiss gold refinery MKS PAMP, drew an unexpected follow-up question this week from market participants. The...
April 05, 2024 at 07:02 am EDT
U.S. manufacturers emerge from slump, set to boost fuel use:  Kemp

U.S. manufacturers emerge from slump, set to boost fuel use: Kemp

U.S. manufacturers have finally pulled out of the long, shallow slump that started in the middle of 2022, which will support petroleum consumption especially for diesel and other middle distillates in...
April 04, 2024 at 12:26 pm EDT
Wider bird flu spread raises concern for humans, animal health body says

Wider bird flu spread raises concern for humans, animal health body says

The spread of bird flu to an increasing number of species and its widening geographic reach have raised the risks of humans being infected by the virus, the head of the World Organisation for...
April 04, 2024 at 09:53 am EDT
Tropical forest loss eased in 2023 but threats remain, analysis shows

Tropical forest loss eased in 2023 but threats remain, analysis shows

Tropical forest loss declined last year, but other indicators show that the world's woodlands remain under tremendous pressure, according to an analysis released on Thursday by the Global Forest...
April 04, 2024 at 12:09 am EDT
OPEC+ gets oil price to its sweet spot, the trick is keeping it there:  Russell

OPEC+ gets oil price to its sweet spot, the trick is keeping it there: Russell

There was no surprise that a top meeting of OPEC+ ministers opted to keep output policy unchanged since the global crude oil market is almost exactly where the exporter group wants it. ...
April 03, 2024 at 08:00 pm EDT
ICE Weekly :  More Room to Upside for Canola

ICE Weekly : More Room to Upside for Canola

WINNIPEG, Manitoba--It was a tale of two halves for canola during the week ended Wednesday. After the May contract on the Intercontinental Exchange fell to its lowest level in two and a half...
April 03, 2024 at 04:18 pm EDT
BofA hikes 2024 oil forecasts on tighter supply, geopolitical risks

BofA hikes 2024 oil forecasts on tighter supply, geopolitical risks

Bank of America Global Research has raised its 2024 Brent and WTI oil price forecasts, citing escalating geopolitical tensions and the OPEC+ producer group maintaining supply curbs. The...
April 03, 2024 at 06:48 am EDT
China PMI boosts sentiment, but commodity imports may have front-run:  Russell

China PMI boosts sentiment, but commodity imports may have front-run: Russell

The return of China's key manufacturing index to positive territory for the first time in six months has sparked optimism that commodity demand from the world's biggest buyer of natural resources...
April 03, 2024 at 12:27 am EDT
Distillate futures see big outflow of speculative money:  Kemp

Distillate futures see big outflow of speculative money: Kemp

Portfolio investors have continued to realise profits on formerly bullish diesel positions and begun to turn bearish as supplies adjust to the disruption of trade through the Red Sea and a mixed...
April 02, 2024 at 09:00 pm EDT
Wet April outlook offers mixed benefits for US winter wheat, corn -Braun

Wet April outlook offers mixed benefits for US winter wheat, corn -Braun

U.S. winter wheat crop conditions have finally returned to more normal levels following two seasons marred with significant drought, boding well for harvest prospects. At the same time,...
April 02, 2024 at 03:14 pm EDT
Road oil demand to peak by 2032 as EVs become more popular, Goldman forecasts

Road oil demand to peak by 2032 as EVs become more popular, Goldman forecasts

Global road oil demand will rise 5% to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to...
April 02, 2024 at 02:47 am EDT
US March LNG exports flat as Freeport plant woes continue

US March LNG exports flat as Freeport plant woes continue

U.S. exports of liquefied natural gas fell slightly in March to 7.61 million metric tons from 7.73 MT in February as production of the superchilled gas from the country's second largest...
April 01, 2024 at 02:20 pm EDT
Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers

Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers

Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using systematic strategies outperform their peers in the first quarter, according to industry players...
March 25, 2024 at 02:00 am EDT
Funds chip away at CBOT grain, oilseed shorts ahead of key US data -Braun

Funds chip away at CBOT grain, oilseed shorts ahead of key US data -Braun

Speculators last week covered short positions in Chicago-traded grains and oilseeds for a second consecutive week as futures continued climbing off recent multi-year lows. The collective...
March 24, 2024 at 05:00 pm EDT
Brazil heading to rare sequence of rising coffee crops

Brazil heading to rare sequence of rising coffee crops

Brazil is expected to post its third annual increase in coffee production this year, a rare sequence seen only seven times in 144 years of coffee history in the world's largest grower and exporter of...
March 21, 2024 at 06:00 am EDT
Australian will export more live cattle and beef in 2024, USDA says

Australian will export more live cattle and beef in 2024, USDA says

Australia's exports of live cattle are likely to rise by more than one-third this year, and beef shipments should increase by 9% as the end of a herd rebuild boosts supply, the U.S. Department of...
March 20, 2024 at 11:11 pm EDT
Platinum metals face structural hit to demand from electric vehicle revolution

Platinum metals face structural hit to demand from electric vehicle revolution

In the usual way of things, platinum and palladium should be turning higher after a slide from recent peaks drove supply deficits, job cuts and looming mine closures in top producer South Africa. That...
March 20, 2024 at 11:47 am EDT
WTI :  Russia, China's leading oil supplier

WTI : Russia, China's leading oil supplier

Russia remained China's main oil supplier in the first two months of the year, according to data released on Wednesday, as Saudi supply cuts continue. Chinese imports from Russia , rose by 13% on the...
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