Analysis: Commodities

Surging gold prices propel earnings at miners Newmont, Kirkland

Surging gold prices propelled miners Newmont Corp and Kirkland Lake Gold Ltd to beat estimates for quarterly profit on Thursday as industry consolidation began to bear fruit for long-suffering...

BRENT CRUDE OIL SPOT: Oil: Increased uncertainty around demand due to Covid-19

Times are tough in the oil markets, especially in the face of fears about the spread of coronavirus in China. The decline in prices since the beginning of the year, which has been in the order of 13%,...

Adverse weather to hit Ghana cocoa output more than expected - traders

Adverse weather in West Africa could see cocoa output in Ghana, the world's second largest producer, fall short of consensus for a second year running, local traders and exporters told Reuters.

Freeport Indonesia aims for August kick-off of construction on new copper smelter

Freeport Indonesia, operator of Grasberg, the world's second-biggest copper mine, expects to start construction of a new smelter in August, its chief executive said on Wednesday.

Canada's British Columbia budget to hike taxes on wealthy, sugar drinks

The government of Canada's British Columbia province on Tuesday promised in its budget on Tuesday to raise taxes on high earners and on sugary drinks, while projecting a surplus this year and next.

Anglo American Platinum CEO Griffith to step down, earnings soar

Chief Executive Chris Griffith said on Monday he will step down in April from the helm of Anglo American Platinum , which on Monday reported a doubling in annual earnings, driven by higher metals...

Carney sees silver lining after Brexit hit to UK economy

For years, Bank of England boss Mark Carney warned of the economic risks of Britain leaving the European Union. Now that it has happened, he says there could be a silver lining in Prime Minister Boris...

Malaysia says still open to filing WTO suit against EU on palm oil

Malaysia has not abandoned an option to file a World Trade Organization suit against European Union restrictions on palm oil-based biofuel, the minister in charge of palm oil said on Friday....

Agnico cuts 2020 production forecast on slower Nunavut ramp up

Gold miner Agnico Eagle Mines Ltd lowered its full-year 2020 production outlook, citing slower-than-expected ramp up of production at its Nunavut operations in Canada.

Miner First Quantum posts surprise profit on higher copper sales, output

Canada's First Quantum Minerals Ltd posted a surprise profit on Thursday, helped by higher sales and production, driven by a ramp up of its Cobre Panama copper mine.

Gold Fields full-year profits rise, to raise funds

Gold Fields on Wednesday reported a jump in 2019 profit as the South African miner benefited from increased gold production and a higher gold price.

Gold : Canadian miner Banro looking to sell Congo gold mine at discount -CEO

Canadian miner Banro is looking to sell its Namoya gold mine in eastern Congo at a significant discount, its chairman told Reuters on Friday, blaming the government's failure to improve security in...

Asian palm oil producers label new EU safety limits as 'trade barrier'

Indonesia and Malaysia, the world's top palm oil producers, accused the European Union on Friday of unfairly targeting palm oil under a plan to impose new limits on levels of contaminants considered...

Barrick CEO Bristow eyes Freeport's flagship Grasberg mine

Barrick Gold Corp does not want to buy copper mining giant Freeport McMoRan Inc, although it is interested in its rival's flagship Grasberg mine in Indonesia, Chief Executive Mark Bristow said on...

Malaysia delays largest palm oil conference to June - sources

Malaysia has postponed its biggest palm oil conference that typically draws thousands of industry players from more than 50 countries, according to sources.

Virus outbreak delays India's cotton exports to China-trade

Shipments of around 250,000 bales of Indian cotton to China have been delayed by nearly two weeks as a virus outbreak and factory closures dampens demand from the world's biggest consumer of the...

Malaysia January palm oil stockpiles seen falling to lowest in over two years

Malaysian palm oil inventories likely tumbled to its lowest since June 2017, as dry weather and lower fertiliser usage in the second largest palm producer early last year suppressed output to near...

Copper : Glencore's 2019 cobalt up, copper down; share price rises

Glencore said its 2019 copper output fell 6% and battery mineral cobalt rose 10% as it boosted production at its Katanga mine in the Democratic Republic of Congo, offsetting the impact of the early...

Glencore : 2019 cobalt up, copper down; share price rises

Glencore said its 2019 copper output fell 6% and battery mineral cobalt rose 10% as it boosted production at its Katanga mine in the Democratic Republic of Congo, offsetting the impact of the early...