Analysis: Commodities

Stocks succumb to shutdown fears but China charges on

By Herbert Lash and Marc Jones Equity markets slid on Thursday after U.S. data raised worries about the economy's recovery and doused enthusiasm that drove a Chinese stock rally for an...

Zambia copper production rises to 342,734 tonnes in first five months of 2020 - govt

Zambia's copper production increased to 342,734 tonnes in the first five months of this year, from 330,024 tonnes in the same period of 2019, the ministry of mines said on Thursday. ...

Gold : storms past $1,800 towards new record high

By Peter Hobson Gold pushed above $1,800 an ounce on Wednesday for the first time since 2011, with analysts expecting further gains as investors stock up on an asset they expect to hold...

TSX edges higher as gold prices rise, virus concerns cap gains

Canada's main stock index edged higher on Wednesday as shares of precious metal miners were boosted by higher gold prices, but concerns about rising coronavirus cases around the world capped gains. ...

Exclusive: Chile putting mine workers' health over copper production, minister says

By Fabian Cambero and Aislinn Laing Chile's mines minister said on Tuesday there were no silver bullets to help the industry weather the coronavirus pandemic, but insisted the world's...

Singapore's Concord Energy hires crude oil trader from ZenRock

Concord Energy Pte Ltd has hired Jason Lai to take charge of its crude oil trading business, the Singapore-based company's Chairman and owner Julien La Chon told Reuters in an email. ...

Luckin Coffee chairman ousted by shareholders: Bloomberg, citing report

Luckin Coffee Inc Chairman Charles Zhengyao Lu has been ousted by shareholders from the embattled coffee chain, just days after a proposal to remove him failed to get board approval, Bloomberg News...

Zimbabwe's Landela agrees to buy state-owned gold mines, seeks more assets

Zimbabwe's Landela Mining Venture has reached agreements to take over and revive four idle state-owned gold mines and is in talks to buy more assets from a privately-owned bullion producer, its chief...

Luckin Coffee's Lu holds on to chairman role

Luckin Coffee Inc said on Thursday co-founder Charles Zhengyao Lu will stay on as chairman of the embattled coffee chain after a proposal to oust him, stemming from an internal fraud investigation,...

Malaysia to file WTO legal action against EU over restrictions on palm biofuel

By Mei Mei Chu Malaysia, the world's second largest palm oil producer, will take legal action against the European Union's restrictions on palm oil-based biofuels with the World Trade...

Coffee : Luckin Coffee winds up internal probe ahead of vote on chairman removal

Luckin Coffee Inc said on Wednesday it was winding up an internal probe on fake annual sales of about $300 million as it prepares to vote on a proposal to remove Founder-Chairman Charles Zhengyao Lu...

Johannesburg exchange fines Tongaat over non-compliance

Johannesburg Stock Exchange on Wednesday issued a public censure and a maximum fine of 7.5 million rand on sugar producer Tongaat Hulett Ltd due to non-compliance with its listing requirements. ...

India gold prices hit all-time high as virus spike lifts safe-haven demand

Gold prices in India hit an all-time high on Wednesday, tracking a global rally, as surging coronavirus cases in many countries raised the metal's safe-haven appeal. Local gold futures...

Greenland gold miner AEX Gold eyes London listing

AEX Gold, a gold exploration and mining company focused on Greenland, said on Tuesday it plans an initial public offering in London next month. AEX said it would seek admission to the...

Egypt discovers gold deposit in southeast -ministry

Egypt has discovered a gold deposit in the southeast of the country containing more than 1 million ounces, the petroleum ministry said on Tuesday. The deposit lies in the concession area...

China's May gold exports via Hong Kong outpace imports for second month

China's net gold imports via Hong Kong in May fell below its exports for a second straight month, but were still 85% higher than April, as domestic supply remained abundant in the top consumer amid a...

Kenyan central banker sees silver lining in economic gloom

By Duncan Miriri Kenya's economy could fare better than expected in the face of the coronavirus crisis, thanks to growing farm exports and a recovery in remittances, the central bank...

Commodities Overview: Gold and Oil

Let's have a look at OPEC+, along with gold and its harmonious relationship with the real interest rates on US Treasury bills.

Demand plunge will spoil gold rally, says Metals Focus

By Peter Hobson Demand for gold will weaken this year as a surge in purchases by investors will not offset a dramatic fall in consumption by jewellers, industry and central banks, an...