Analysis: Commodities

Gold surges over 2% on waning dollar, Fed policy shift

Gold rebounded over 2% on Friday, a day after a steep sell-off, as the U.S. dollar weakened and the U.S. Federal Reserve signaled a prolonged low interest rate strategy.

India gold discounts hit five-month high as price dip fails to stir demand

Dealers in India offered the highest discounts on gold in five months this week as a dip in domestic prices failed to revive demand, while in top consumer China prices remained at a sharp discount to...

Coconut and palm oil industries at loggerheads over environmental impact

A report highlighting the harmful environmental impact of coconut oil production by a researcher with links to the palm oil industry has sparked a heated debate over coveted green credentials in the...

Gold dives 2% as dollar, yields gain after Fed comments

Gold slumped over 2% in volatile trading on Thursday as the U.S. dollar and Treasury yields rose after Federal Reserve Chair Jerome Powell shifted the central bank's inflation target in a widely...

Uganda's coffee exports surge 17% in July on output from new trees

Uganda's coffee exports rose 17.2% in July from the same month last year, boosted by output from maturing new coffee trees and easing coronavirus restrictions, the sector regulator said on Thursday.

Crude oil or cooking oil? For some U.S. refiners, it's now a choice

Refiners have always produced fuel using crude oil. Now some are using grease.

Gold gains on stimulus bets ahead of speech by Fed's Powell

Gold prices rose on Wednesday on the eve of a speech from Federal Reserve Chairman Jerome Powell, bouncing off a two-week low hit early in the session, as investors bet on further economic stimulus to...

Rusal plans to quit China aluminium JV, set up shop in Shanghai - sources

United Company Rusal has decided to pull out of an aluminium trading joint venture in southern China, partly due to concerns over the low volumes it has been selling, three sources with knowledge of...

Zambia's ZCCM-IH in talks with Glencore over Mopani Copper Mines stake

Glencore and Zambia's mining investment arm ZCCM-IH are in talks about ZCCM-IH acquiring additional shares in Glencore subsidiary Mopani Copper Mines, Glencore and Zambia's mines minister said on...

Zinc price outperforms, China steel demand a strong tailwind

A tailwind for zinc demand from booming Chinese steel production has pushed prices of the galvanizing metal to their highest in more than nine months and helped it outperform other metals.

Canada's Midland in nickel exploration funding deal with BHP

Midland Exploration Inc said on Monday it had struck a funding deal with a subsidiary of BHP Group Plc for nickel exploration in the Canadian province of Quebec.

Congo grants new export ban waivers for copper, cobalt, tin

Democratic Republic of Congo on Saturday gave mining companies an indefinite waiver to an export ban on cobalt hydroxide and carbonate, as well as tin, tungsten, and tantalum concentrates after...

Total and Mozambique sign security pact for $20 bln natural gas project

French oil major Total has signed a security pact with the Mozambique government to protect a $20 billion natural gas project being developed in the southern African country, the company said on...

Indonesia's biggest nickel smelter says output not disrupted by worker protest

Operations at Indonesia's largest nickel smelting facility were not disrupted by worker protests outside the plant on Saturday over shifts during the coronavirus pandemic, a spokesman for PT Indonesia...

Gold hits one-week low as positive U.S. data buoys dollar

Gold dropped to its lowest in over a week and was en route to its second straight weekly decline, as a strong rebound in the dollar and a resurgence in U.S. business activity dented bullion's allure.

Tech stocks defy downbeat data as dollar, global equities retreat

The dollar eased and global equity markets fell on Thursday, even as the tech-heavy NASDAQ index touched a record high and looked past the growing signs of prolonged economic weakness. Gold also rose...

Gold gains on higher U.S. jobless claims, economic recovery fears

Gold recovered on Thursday from an over 3% slide in the last session, after U.S. jobless claims unexpectedly topped one million again and the Federal Reserve minutes reiterated concerns over economic...

India rice prices rise as exporters grapple with floods, coronavirus

Rice export prices in top-hub India edged higher this week as floods and surging coronavirus cases hammered supply and export logistics.

S.Africa's Gold Fields profit jumps on surging bullion prices

South African miner Gold Fields reported a four-fold jump in half-year earnings on Thursday, benefiting from a surge in the price of the precious metal.