Analysis: Commodities

Zambia partners with Array Metals to process gold

Zambia's state mining investment company ZCCM Investments Holdings has entered into a joint venture with mining services firm Array Metals to process production from a gold deposit, the company said...

Venezuela files claim to force Bank of England to hand over gold

Venezuela's central bank has made a legal claim to try to force the Bank of England to hand over EUR930 million of gold so President Nicolas Maduro's government can fund its coronavirus response,...

Exclusive: India resumes purchases of Malaysian palm oil - traders

By Rajendra Jadhav and Naveen Thukral Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in...

Oil jumps to two-month high on easing lockdowns, positive vaccine results

By Scott DiSavino Oil prices on Monday jumped to their highest in over two months on positive early results on a potential coronavirus vaccine, optimism about a resumption in economic...

Nestle S A : Coffee company JDE Peet's to launch up top 2 bln euro IPO this week -sources

By Toby Sterling and Abhinav Ramnarayan Coffee company JDE Peet's will announce as early as Tuesday its intention to float on the Euronext stock exchange in Amsterdam in a deal that...

Nigerian mid-crop cocoa output seen weak as coronavirus disrupts exports

By Chijioke Ohuocha Nigeria's cocoa mid-crop output is expected to be weak as measures to curb the spread of the coronavirus hindered farmers and exporters, creating a backlog of...

Copper : China's Jiangxi rolls out fiscal support for coronavirus-hit copper industry

By Tom Daly China's Jiangxi province on Thursday unveiled measures including tax breaks and preferential loan terms to help copper producers after the coronavirus outbreak hit demand and...

Disruptions to copper operations from coronavirus outbreak

The following are disruptions and subsequent restarts of copper operations and projects due to the coronavirus outbreak. Analysts at Refinitiv have cut their forecast for global copper...

Oil surges more than 13% on hopes of output deal

By Jessica Resnick-Ault Crude futures surged for a second day on Friday, with both U.S. and Brent contracts posting their largest weekly percentage gains on record due to hopes that a...

Ivory Coast 2019/20 cocoa port arrivals seen at 1.784 mln T by May 10 - exporters

Cocoa arrivals at ports in top grower Ivory Coast reached 1.784 million tonnes between Oct. 1 and May 10, exporters estimated on Monday, down 5.7% from 1.891 mln tonnes over the same period last...

BAML sees platinum, palladium deficit this year as South Africa production losses bite

There is likely to be a deficit of platinum and palladium this year after a COVID-19 lockdown in South Africa, the world's biggest platinum producer, forced mines to shut, analysts at Bank of America...

Shanghai energy exchange adds crude oil warehouse storage to Sinochem unit

Shanghai International Energy Exchange said on Friday it had added 100,000 cubic metres of storage as delivery tanks for crude oil futures for a unit of state-run oil and chemicals group Sinochem. ...

Asia Rice - India prices gain, expensive Thai offers lose out

By Nakul Iyer Rice export prices from India held near a nine-month high this week on strong demand from buyers in both Asia and Africa, with Thailand losing out to cheaper grain from the...

Nutrien lowers 2020 forecast as corn demand, potash prices hit

Canadian fertilizer maker Nutrien Ltd said on Wednesday it has seen limited impact from the coronavirus outbreak, but cut its annual forecast as oil downturn hit corn demand and potash prices are...

Gold price boosts Barrick profit as miner eyes copper deals

By Arundhati Sarkar, Zandi Shabalala and Helen Reid Barrick Gold Corp reported a nearly 55% rise in quarterly profit on Wednesday as gold prices surged, bolstering its ability to snap up...

Harmony plans to issue $200 mln worth of shares for AngloGold deal

Harmony Gold Mining Company Ltd said on Wednesday it planned to raise up to $200 million via a share issue to fund part of its purchase of AngloGold Ashanti's last remaining assets in South Africa. ...

Aluminium : China aluminium dances to its own beat as LME price stumbles

By Mai Nguyen A robust recovery in aluminium demand in China has boosted prices in the world's top consumer and producer of the metal by more than 10% in a month, but traders say weak...

Philippines first-quarter agricultural output contracts as rice harvest drops

Philippine agricultural output fell at an annual pace of 1.2% in the first quarter of 2020 as crops and fisheries production declined, the country's statistics agency said on Wednesday. ...

Palm oil demand may have bottomed out ? Malaysian industry body

By Mei Mei Chu Global demand for palm oil, the world's most widely-used vegetable oil, may have bottomed out after being hammered by the coronavirus pandemic and is now set for a slow...