Category: Commodities
Exclusive-Europe aims to revive magnesium output by 2025 to cut China reliance
EU policymakers have launched a drive to restart domestic output of magnesium, used in aluminium and steel products, with at least three firms working [...]
Oil prices slide as investors take profit; supply fear still looms
Oil prices fell on Monday, paring early gains as investors took profit following a surge in the previous session, albeit in the shadow of supply fear [...]
Gold Down, but Pulls Up from Three-Month Low, as U.S. Yields Fall
Gold was down on Monday morning in Asia, climbing up from a more than three-month low hit in the previous session. Lower U.S. Treasury yields kept dem [...]
Oil rises but set for weekly drop as fears of weaker demand limit gains
Oil prices rose around 1.5% on Friday but were headed for their first weekly loss in three weeks as worries about inflation and China's COVID lockdown [...]
Ukraine forces thwart Russian armoured column crossing river
Ukrainian forces destroyed a pontoon bridge and parts of Russian armoured column as it tried to cross a river in the Donbas region, video footage rele [...]
Russian gas flows to Europe via Ukraine drop
Daily requests for Russian gas deliveries to Slovakia via Ukraine have fallen in line with lower deliveries through Ukraine, where one route remains s [...]
Gold recovers as dollar, yields dip; key U.S. data in focus
Gold prices clawed back from a three-month low on Wednesday as the dollar and Treasury yields weakened, ahead of key U.S. monthly inflation data that [...]
Oil falls on China demand worries, possible EU ban on Russia oil eyed
Oil prices slipped on Monday, along with stock markets in Asia, sparked by weak China data and fears a global recession could dampen oil demand, with [...]
Risk-aversion lifts US dollar in Asia
CME Group is talking to market participants about the idea of a cash-settled nickel contract for companies to hedge costs of the electric vehicle batt [...]
Russia’s Rosneft ramps up oil sales to Indian Oil in May – traders
Russia's Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp (IOC), the country's t [...]