Analysis: Commodities

Gold jumps 1% on dollar weakness, economic uncertainty

Gold gained 1% on Wednesday, rebounding from a sharp decline in the previous session, as the dollar weakened and uncertainties surrounding the U.S. election and global economic recovery boosted the...

Container shortage delays shipments of Brazil's record coffee crop

Coffee traders are struggling to ship cargos out of Brazilian ports because of a shortage of available containers or space in vessels to hold them, according to traders and analysts....

Gold steady as stimulus hopes offset stronger dollar

Gold steadied on Tuesday, buoyed by optimism a U.S. stimulus package would eventually be passed, bolstering the metal's appeal as an inflation hedge although gains were capped by a firmer dollar....

Congo extends copper concentrate export ban waiver to April 2021

Democratic Republic of Congo has issued a six-month waiver to an export ban on copper concentrate, the mining minister said in a letter seen by Reuters on Tuesday....

Mountain Valley says natural gas pipeline timing depends on litigation, U.S. approvals

Equitrans Midstream Corp said on Monday it will evaluate the cost and timing of the completion of the Mountain Valley natural gas pipeline based on ongoing litigation and upcoming federal approvals....

Freeport does a balancing act as world's biggest gold mine grapples with COVID-19

When miners at Indonesia's giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal...

Brazil president to meet soy farmers amid oilseeds price inflation

Brazilian President Jair Bolsonaro said on Saturday that he plans to meet with local soy farmers next week to discuss a rise in prices of the nation's most prized export commodity. ...

Wall Street closes higher on U.S. stimulus hopes, gold spikes and dollar drops

International stocks rose on Friday, with all three major Wall Street indexes posting weekly gains as investors grew more hopeful the U.S. government would provide additional economic stimulus....

Trafigura plans to restart Congo copper mine, prime minister says

Trafigura intends to restart its copper mine in Democratic Republic of Congo, the prime minister's office said following a meeting with the commodity trader on Thursday. ...

Keeping it clean: U.S. ethanol producers invest in sanitizer for long haul

Red River Biorefinery in Grand Forks, North Dakota, came online in April, arguably the worst time for an ethanol facility to begin operating as the coronavirus pandemic sank fuel demand....

Central banks sold gold in August as price rally stalled

The world's central banks sold more gold in August than they bought, the World Gold Council said on Wednesday, ending a year and a half-long run of monthly gold accumulation and helping stall a rapid...

France eases ban on bee-threatening pesticide to help sugar sector

French lawmakers on Tuesday approved a draft bill allowing sugar beet growers to use pesticides that are banned to protect honeybees, a move welcomed by farmers hit by crop disease but condemned by...

Ghana suspends gold royalty fund's London listing -finance ministry letter

Ghana has suspended the $500 million listing of its gold royalty fund Agyapa Royalties in London following concerns raised by the main opposition party about transparency and governance, a finance...

India's September gold imports fall 59% to four-month low - government source

India's gold imports in September fell 59% from a year earlier to the lowest level in four months, a government source said on Tuesday, as a drop in prices from a record high failed to lure buyers,...

Ghana suspends gold royalty fund listing pending risk assessment, says finance ministry

Ghana has suspended the $500 million listing of its gold royalty fund Agyapa Royalties in London pending results of a corruption risk assessment by the special prosecutor, the finance ministry said in...

UK court overturns Venezuela judgment in $1 billion gold tug-of-war

A tug-of-war over $1 billion worth of Venezuelan gold stored at the Bank of England took a new turn on Monday as the English Court of Appeal overturned an earlier High Court ruling on who the UK...

Gold edges up as weaker dollar offsets news on Trump's progress

Gold inched up on Monday as the dollar weakened, although gains were limited as news that U.S. President Donald Trump, receiving treatment for COVID-19, could be released from hospital boosted risk...

Mali 2019 gold exports up 6.5%, says statistics agency

Mali's gold exports rose 6.5% to 65.6 tonnes in 2019 compared with the previous year due to a rise in production, external trade data from the country's statistics agency showed on Saturday.

Uber Freight raises $500 million, valuation rises to $3.3 billion

Uber Technologies Inc said on Friday New York-based private equity firm Greenbriar Equity Group would invest $500 million in its logistics arm, Uber Freight, valuing the unit at $3.3 billion on a...