Analysis: Commodities

Indian gold dealers bank on festivals to bring back customers

Gold jewelers in India pinned hopes on an upcoming festival season, with dealers offering discounts for a fifth straight week to lure customers back to shops, as activity remained muted in Asian...

Apparel group says broad ban on China's Xinjiang cotton impossible to enforce

The head of a major apparel industry group told lawmakers on Thursday that blanket U.S. import bans on cotton or other products from China's Xinjiang region over forced labor concerns would wreak...

German startup sennder acquires Uber's European freight business

German freight startup sennder said on Wednesday it had acquired Uber's European freight business in an all-stock deal that will see the U.S. ride hailing company become a minority shareholder.

Slowing investor demand looms over gold prices

The rapid accumulation of gold by investors as the coronavirus crisis erupted earlier this year has slowed, threatening the record-breaking rally in prices of the precious metal.

China August aluminium output hits new high on decent prices, firm demand

China's aluminium production in August rose 2.3% from a month earlier, setting a record high for a second month, fuelled by increasing output at smelters and robust demand outlook.

Ghana set to follow Ivory Coast with farm gate cocoa price rise -sources

Ghana plans to increase the guaranteed farm gate cocoa price paid to farmers by at least 21% to 10,000 cedi per tonne for the next cocoa season starting on Oct. 1, two sources told Reuters on Monday....

World?s gold miners wary of production ramp-up despite price surge

The world's top gold miners are retrenching after COVID-19 related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritizing investor returns over production...

Uganda, Tanzania sign agreement for construction of crude oil pipeline

Tanzania and Uganda signed an agreement on Sunday paving the way for the construction of a crude oil pipeline running from Ugandan oilfields to the Tanzanian port of Tanga, a Tanzanian government...

Gold eases, but eyes weekly gain on economic recovery worries

Gold edged lower on Friday on a lack of any further stimulus from the European Central Bank and the U.S. government, but the safe-haven commodity was set to end the week higher on concerns over an...

China maintains strong demand for U.S. corn, soy - USDA

Chinese demand for U.S. corn and soybeans remained robust in the latest week, U.S. Agriculture Department data showed, and traders expect the recent surge of deals will cause the U.S. government to...

Still no takers as Indian gold dealers offer discounts for fourth week

Physical gold dealers in India were forced to offer discounts for a fourth straight week as bullion remained unattractive for most retail consumers.

Exclusive: Tesla in talks to buy low carbon nickel from Canada - sources

Tesla is in discussions with Canadian miner Giga Metals about helping to develop a large mine that would give the electric carmaker access to low carbon nickel for its batteries, three sources...

India's August palm oil imports drop 14% as virus hits demand - trade body

India's palm oil imports in August dropped 13.9% from a year earlier to 734,351 tonnes, a leading trade body said on Friday, due to a sluggish recovery in demand from hotels and restaurants as local...

China metal recycling body sees 2020 copper scrap imports down 50%

China's copper scrap imports are expected to drop around 50% this year, an official from the China Nonferrous Metals Industry Association's CMRA recycling branch said on Friday. China,...

Oil prices slide near 2% after surprise U.S. crude stock build

Oil prices slid nearly 2% on Thursday after U.S. data showed a surprise build in crude stockpiles last week related in part to ongoing reductions at refineries along the Gulf of Mexico following...

India plans to restrict copper, aluminium imports with an eye on China - sources

India is planning to raise surveillance of copper and aluminium imports while developing policies to curb shipments from China and other Asian nations to protect domestic producers, said two...

Malaysian palm oil August end-stocks rise less than expected

Malaysia's palm oil stocks at the end of August rose marginally, but missed market expectations as imports slumped and domestic consumption picked up, official data showed on Thursday.

Thai central bank says to allow gold trading in dollars

Thailand's central bank will allow gold trading in U.S. dollars, an assistant governor said on Thursday, as it tries to curb the impact of the precious metal on a stubbornly strong baht ....

Gold edges up on economic woes, firm dollar caps gains

Gold firmed on Wednesday on lingering uncertainties stemming from the coronavirus pandemic, but gains were limited as the dollar too gained from safe-haven inflows driven by worries about a delay in...