Commodities News and Headlines
Commodities News and Headlines
Commodities Pulse
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Every morning
Weekly
Tuesday recap
Gunnison Copper (TSX:GCU) lifted its preliminary economic assessment, pushing the project’s net present value to $1.95 billion and the post‑tax IRR to 23% while extending mine life to 21 years. Capital spending rose 18% to $1.54 billion, reflecting operational upgrades such as the addition of the high‑grade Strong & Harris satellite deposit and material‑sorting initiatives. The updated model forecasts 3.2 billion pounds of copper cathode over the life, averaging 174 million pounds annually for the first 15 years. Shares jumped 10% on the news before modestly retracing.
Silver has become a strategic material for the clean‑energy transition, with solar photovoltaics now accounting for roughly 17% of global silver demand. Primary ore grades are falling, pushing the industry toward higher‑grade, above‑ground sources such as retired solar panels that...
Burger King has been steadily boosting store‑level profitability, posting double‑digit earnings growth across its U.S. locations. However, a sharp rise in beef prices—up roughly 35% since early 2025—has begun to erode those gains. The chain responded with modest menu price...
SEB analysts warned that the oil market is jittery ahead of the weekend, with Brent crude hovering around $71 per barrel after trading in a $69.16‑$72.61 range. The report outlined four price scenarios, ranging from $55 to $150 per barrel,...
The China Nonferrous Metals Industry Association reported polysilicon operating rates fell to just 32% of capacity, extending an oversupply that pushed polysilicon prices lower and softened wafer prices across all grades. Wafer prices dropped 3‑8% after the Chinese New Year,...
Cheniere Marketing International, a subsidiary of Cheniere Energy, exercised its option to charter additional new‑build LNG carriers from Ocean Yield and NYK Line, potentially expanding its fleet to eight vessels. The optional ships will be built by Hyundai Heavy Industries...
The crude tanker market is experiencing a sharp surge, with VLCC spot hires topping $200,000 per day and one‑year time‑charter equivalents reaching $135,000. Baltic Exchange data show composite VLCC rates near $169,000 daily, while International Seaways (INSW) reported Q4 2025...
European policy tools such as the TRQ, CBAM and the draft Industrial Accelerator Act are reviving investment in low‑emission steel, exemplified by ArcelorMittal’s €1.3 billion Dunkirk electric‑arc‑furnace slated for 2029. While earlier green‑hydrogen DRI projects have been delayed or scaled back,...
The UK Treasury is weighing an early repeal of the Energy Profits Levy, a windfall tax that now sits at a 78% headline rate on North Sea oil and gas. Ministers have been meeting industry groups to assess the impact...
TotalEnergies has signed a letter of intent with Glenfarne to purchase up to 2 million tons of LNG per year from the Alaska LNG project for 20 years, pending a final investment decision. The project is being built in two phases: a...
Saudi Aramco has begun gas production at Jafurah, the Middle East’s largest unconventional gas field, marking the first step toward a 2 billion cubic feet per day (Bcfpd) sales capacity by 2030. The field holds an estimated 229 trillion cubic feet of...
South Korea's Hanwha Aerospace has signed a sales and purchase agreement to buy 1.5 million tonnes per year of liquefied natural gas from U.S. exporter Venture Global, with deliveries slated to start in 2030 and run for 20 years. The deal...
VanEck projects gold prices to stay above the $3,000 level reached in 2025 and potentially break $4,000 in the near term, with a longer‑term target of $5,000 by 2030. The rally is fueled by strong central‑bank buying in emerging markets,...
Fastmarkets announced that the publication timestamp for its palm oil mill effluent (POME) price assessments will shift to a weekly Thursday release at 6:00 pm Singapore time. The amendment applies to both crude POME FOB Malaysia (AG-PLM-0035) and refined POME FOB...
Natural Resource Partners L.P. reported $42 million of free cash flow in 2025 and $190 million over the trailing twelve months, while net income reached $31 million. The partnership retired nearly $130 million of debt, leaving $70 million outstanding, and maintained a 75‑cent per unit...
Alpha Metallurgical Resources reported Q4 2025 adjusted EBITDA of $28.5 million, a 32% decline from the prior quarter, driven by lower tonnage and reduced coal inventory values. Total shipments fell to 3.8 million tons, while metallurgical coal realizations modestly improved to a...
BP is reviving its U.S. shale operations through BPX Energy, targeting an 8% production rise to 500,000 barrels per day this year and 650,000 barrels per day by 2030, which would represent roughly 20% of the company’s total output. The...
Natural gas cash prices slipped on Thursday as the front‑month April NYMEX contract lost ground. Spot gas for Friday‑Saturday delivery fell 30.5 cents to $2.040 per MMBtu, reflecting unseasonably mild weather forecasts. The price decline was amplified by a razor‑thin storage...
Wesfarmers reported that its Covalent Lithium joint‑venture refinery in Kwinana is producing high‑quality lithium hydroxide, but the commercial ramp‑up has been delayed by intermittent odor issues. The plant’s gradual scale‑up mirrors broader challenges at ex‑China hydroxide assets, including Albemarle’s Kemerton...
Gold’s 2025 rally pushed bullion over 40% higher, its strongest annual gain since 1979, and sent the VanEck Gold Miners ETF soaring 155%. The surge propelled the world’s largest gold miners into record valuations, with Newmont and Agnico Eagle topping...
MP Materials announced a $1.25 billion investment to build a 120‑acre rare‑earth magnet campus in Northlake, Texas, under its “10X” program and a public‑private partnership with the U.S. Department of War. The facility will add roughly 10,000 metric tons of NdFeB magnet...
Core Lithium has entered a binding agreement to sell its remaining 5,100 dry metric tonnes of spodumene concentrate from the Finniss Lithium Project to Glencore International. The price is fixed to the Fastmarkets SC6 CIF China rate of $2,023 per...
Chile’s mining ministry is set to file five new lithium contracts in March, just days before President Gabriel Boric departs office, as part of a push to accelerate the 2023 national lithium strategy. The contracts target the Salar de Ascotán,...
Ukraine’s agriculture and steel sectors remain economic pillars despite war‑driven disruptions, contributing roughly 7‑8% and 5.7‑7.2% of GDP respectively. Grain exports have fallen to their lowest level since the invasion, while sunflower crushing is 9% below last year and 26%...
China’s lithium carbonate futures surged after Zimbabwe suspended all raw mineral and lithium concentrate exports. The Guangzhou Futures Exchange contract jumped 6.07% to 178,020 yuan, having peaked above 9% earlier in the session. Zimbabwe, the continent’s top lithium producer, shipped...
Fastmarkets released five iron‑ore Value‑In‑Use (VIU) indices on February 26, a day later than scheduled. The indices include 61% Fe and 65% Fe fines, as well as fines measured for silicon, alumina and phosphorus, all quoted cfr Qingdao in dollars per dry...
Wood Mackenzie warns that the world’s 30 largest oil and gas firms must add roughly 22 million barrels of oil‑equivalent per day by 2040 to preserve their share of global demand. Current output of about 50 mbd is projected to fall nearly...
President Félix Tshisekedi announced a comprehensive reform of the Democratic Republic of the Congo's gold sector, targeting the massive revenue loss from smuggling and informal trade. The plan, presented at a Council of Ministers meeting on 20 February 2026, seeks...
China’s decades‑long dominance of rare‑earth processing is being challenged as the United States and allies pour over $8.5 billion into reshaping the supply chain. REAlloys Inc. has become the only North‑American company that can convert rare‑earth concentrates into metals and alloys,...
India is expected to experience one of its warmest Marches on record, with temperatures projected up to 7 °C above normal in Punjab, Haryana, Rajasthan, Uttar Pradesh and parts of Madhya Pradesh. These states produce more than 80 % of the nation’s...
Golden Agri-Resources reported a record FY 2025 revenue of US$12.95 billion, up 19% year‑on‑year, and EBITDA of US$1.26 billion, a 14% increase, maintaining a 9.7% margin. Net profit rose 10% to US$400 million despite a sharp drop in foreign‑exchange gains. The Board proposed...
The 2026 Year of the Fire Horse marks the 60th anniversary of the world’s first VLCC, Idemitsu Maru, and has sparked a surge in supertanker charter rates, with spot prices topping $200,000 per day and rumors of a one‑year deal...
Thai private‑sector importer Gulf Energy announced a new tender for two additional April LNG cargoes, targeting delivery windows of 22‑23 April and 25‑26 April. The offers are to be priced against the northeast Asian spot LNG index, with the tender closing on...
Venture capitalist Lucas Birdsall highlights how surging demand for copper and silver—driven by electric vehicles, renewable energy and electronics—is outpacing production capacity. S&P Global projects copper consumption could rise to 42 million metric tons by 2040, while silver’s photovoltaic share sits...
South Africa’s Competition Commission has raided four scrap‑metal firms amid a price‑fixing investigation, prompting the Metals Recyclers Association (MRA) to call for a full, independent inquiry into the sector’s policy framework. The MRA argues that the Price Preference System, export...
Hephae Energy Technology has appointed industry veteran Andy Bruce as president to drive the commercialization of its ultra‑high‑temperature geothermal drilling and robotics solutions. Bruce brings more than three decades of leadership in downhole drilling, energy services, and M&A across companies...
Geopolitical tensions between the United States and Iran have added a sizable risk premium to oil, pushing Brent into the low‑70s and sparking forecasts of $100 per barrel if conflict escalates. The surge has lifted the STOXX Europe 600 Oil...
Tecnoglass Inc. trimmed its 2025 revenue midpoint guidance by $20 million after commercial construction invoicing slowed, with roughly half of the shortfall expected to roll into 2026. The company faces sharply higher aluminum input costs—LME prices up 15% and U.S. premiums...
The Northern Territory recorded a $1.7 billion gold output in 2024/25, aiming for a $2 billion target. Mining Minister Gerard Maley stressed that the region remains under‑explored and called for intensified prospecting to sustain future projects. The government also seeks to broaden...
Soybeans and corn rallied on short covering and a weaker U.S. dollar, lifting both grain complexes despite mixed weather signals. Brazil’s soybean harvest is progressing, but export forecasts were trimmed to 10.69 million tons, while Argentina’s rain benefits later‑planted beans. Traders...
U.S. Department of Agriculture’s Foreign Agricultural Service projects Canadian wheat ending stocks at 5.82 million tonnes for 2025‑26, notably lower than Agriculture and Agri‑Food Canada’s 7.35 million‑tonne estimate. Both agencies still forecast a record 39.96 million tonnes of total wheat production, up 23 %...
Lundin Gold is investing $100 million in 2026 to deepen exploration at Ecuador’s Fruta del Norte mine, aiming to extend its life amid robust gold prices. The Canadian miner has partnered with Australian firm Fleet Space Technologies, using the ExoSphere platform...
The WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has surged roughly 42% since the start of 2026, reflecting a broader rally in gold prices. The World Gold Council attributes the rally to heightened geopolitical risk and the prospect of rising...
U.S. ethanol production held steady at 1.113 million barrels per day, slipping 5,000 barrels from the prior week but climbing 32,000 barrels year‑over‑year as plants chase demand. Iowa State University’s Center for Agricultural and Rural Development reported improved operating margins...
Saskatchewan Premier Scott Moe is leading a week‑long trade mission to India, concentrating on agriculture, potash and uranium. The trip coincides with the Raisina Dialogue and runs alongside Prime Minister Mark Carney’s meetings with Prime Minister Narendra Modi. Moe aims...
The USDA Economic Research Service forecasts a 2.5% rise in overall grocery prices for 2026, slightly below the 20‑year average of 2.6%. Seven of the 15 food‑at‑home categories, including beef, fish, sugar and non‑alcoholic beverages, are expected to outpace the...
North Sea crude spreads fell to a two‑month low after Vitol and TotalEnergies halted a heavy buying spree, pushing the WTI Midland spread to just $1.70 above Brent. Derivative indicators turned bearish as weekly Brent CFDs entered contango and the...
Fastmarkets announced that the contract price for spodumene min 6% Li2O CIF China was published 2 hours 36 minutes later than scheduled. The price is part of Fastmarkets' industrial minerals package and serves as a benchmark for global lithium‑ion supply...
Fastmarkets announced a consultation to revise its black‑mass pricing methodology after China lifted its import ban and imposed stricter metal‑content rules. The new specifications require nickel‑cobalt‑manganese (NCM) black mass to contain 20‑25% nickel, 3‑10% cobalt and 3‑4.5% lithium, with total...
The United States imposed a new 10% tariff on imports of benzene, toluene and mixed xylenes (BTX), effectively closing paper arbitrage opportunities despite sizable price premiums over South Korean supplies. With freight costs around $72 per tonne, the tariff neutralises...
