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November 30, 2021

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Stellantis inks deal with Vulcan for CO2-free lithium supply in Europe

Reuters
A view shows the logo of Stellantis at the entrance of the company’s factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol/File Photo Register now for FREE unlimited access to reuters.com Register Vulcan to supply up to 99,000 tons of lithium Supplies to Stellantis will start in 2026 Stellantis will......

Gold steady as Omicron fears offset strength in dollar

Reuters
Gold could trade between $1,780/oz and $1,830/oz- analyst Fed Governor Bostic open to accelerating stimulus tapering Nov 29 (Reuters) – Gold prices steadied on Monday as concerns over the impact of the Omicron coronavirus variant offset a stronger dollar, with investors assessing whether the emergence of the variant could change......

Gold ticks higher as Omicron virus variant woes boost appeal

Reuters
Nov 29 (Reuters) – Gold prices edged higher on Monday, as concerns over the impact of the possibly vaccine-resistant Omicron coronavirus variant supported the precious metal’s safe-haven appeal. FUNDAMENTALS * Spot gold rose 0.1% to $1,793.72 per ounce by 0201 GMT. U.S. gold futures advanced 0.4% to $1,793.2. Register now......

Industrial metals slide on new coronavirus variant jitters

Reuters
LONDON, Nov 26 (Reuters) – Copper prices and other industrial metals were on the back foot on Friday over fears that a new and possibly vaccine-resistant coronavirus variant could derail global economic growth and sap demand. Benchmark copper on the London Metal Exchange (LME) shed 3.3% to $9,474 per tonne......

Malaysia’s ATA takes ‘serious view’ of forced labour allegations, whistleblower claims

Reuters
A Dyson employee shows a Dyson 360 Eye robot vacuum cleaner without its cover during the IFA Electronics show in Berlin September 4, 2014. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to reuters.com Register ATA says hired consultants, lawyers to review claims Whistleblower allegations ‘may be unjustified’ –......

After shaking up nickel, China’s Tsingshan sets sights on lithium

Reuters
An electric car is charged at a roadside EV charge point, London, October 19, 2021. REUTERS/Toby Melville/File Photo/File Photo Register now for FREE unlimited access to reuters.com Register Nov 26 (Reuters) – Tsingshan Holding Group, the Chinese firm that shook the nickel world by rapidly boosting output in Indonesia, is......

Japan’s Mitsubishi Materials to sell aluminium business to U.S. fund

Reuters
TOKYO, Nov 25 (Reuters) – Japan’s Mitsubishi Materials Corp (5711.T) said on Thursday it will sell its aluminium business, used for beverage cans and automotive parts, to U.S. investment fund Apollo Global Management for an undisclosed sum. Although the aluminium market is expected to grow globally, Mitsubishi Materials has decided......

Low stocks, China support for property sector buoy copper prices

Reuters
Nov 25 (Reuters) – London copper rose to a one-month high on Thursday, helped by China’s efforts to bolster its cash-strapped property sector and on concerns over tight global supply, while a weaker dollar made greenback-priced metals cheaper for holders of other currencies. Three-month copper on the London Metal Exchange......

EXCLUSIVE Dyson dumps Malaysian supplier ATA over labour concerns

Reuters
A Dyson logo is seen on 5th Ave in New York, New York, U.S., March 19, 2019. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to reuters.com Register Workplace audit, whistleblower allegations led to termination ATA already under U.S. investigation over labour practices Shares in ATA plunge 30% KUALA......

Gold rush draws hundreds of dredging rafts to Amazon tributary

Reuters
AUTAZES, Brazil, Nov 24 (Reuters) – Hundreds of dredging rafts operated by illegal miners have gathered in a gold rush on the Madeira River, a major tributary of the Amazon, floating hundreds of miles as state and federal authorities dispute who is responsible for stopping them. The flotilla of rafts......

EXCLUSIVE Indigenous group seeks stake in Woodside’s $12 bln Scarborough, Pluto LNG project

Reuters
The Woodside gas plant is seen at sunset in Burrup at the Pilbara region in Western Australia April 18, 2011. REUTERS/Daniel Munoz/File Photo Register now for FREE unlimited access to reuters.com Register Huge gas project to be built near ancient rock art site Indigenous group seeks to benefit from gas......

Shell halves Singapore refining capacity, to change chemical feedstock

Reuters
A general view of Shell’s Pulau Bukom petrochemical complex in Singapore July 15, 2019. REUTERS/Edgar Su/File Photo Register now for FREE unlimited access to reuters.com Register Pulau Bukom refinery capacity cut by half Shell tests pyrolysis oil, bionaphtha feedstock Company considers carbon capture, biofuels SINGAPORE, Nov 23 (Reuters) – Royal......

China iron ore futures surge on hopes of resuming steel production

Reuters
BEIJING, Nov 23 (Reuters) – China’s benchmark iron ore futures surged on Tuesday, hitting their 10% daily trading limit in morning session, as steelmakers are set to resume production after rigorous controls in the past few months following government orders. “The supply-side of iron ore has not changed much recently,......

Gold hits 2-week low as firm dollar, Fed taper timeline loom

Reuters
Gold nears medium-term fundamentals positive – analyst Fed vice-chair says debate on faster tapering likely in Dec Nov 22 (Reuters) – Gold prices were near their lowest level in two weeks on Monday, constrained by a stronger dollar and expectations the U.S. Federal Reserve would accelerate the pace of stimulus......

Congo president demands audit of mining registry to fight fraud

Reuters
KINSHASA, Nov 20 (Reuters) – Democratic Republic of Congo President Felix Tshisekedi has demanded a ban on issuing and trading mining permits until the country’s mining registry has been audited, a measure aimed at combating fraud within the sector. Tshisekedi told ministers he wanted to end the squandering of mining......

Why Canada’s floods could make your Christmas tree cost more

Reuters
OTTAWA, Nov 18 (Reuters) – Finding the perfect real Christmas tree will be harder and more expensive this year. Canada, the world’s top exporter of natural Christmas trees, is grappling with a shortage that will likely be exacerbated by historic flooding in British Columbia, where some tree farms are underwater.......

Thyssenkrupp plans more listings as turnaround benefits seen

Reuters
Adj EBIT seen at 1.5 bln-1.8 bln euros in 2021/22 Sees IPO of hydrogen division as preferred option Studies conditions needed for steel unit spin-off Shares rise as much as 7.4% ESSEN, Germany, Nov 18 (Reuters) – Thyssenkrupp (TKAG.DE) mapped out plans to break off further parts of its sprawling......

UPDATE In Ivory Coast, a battle to save cocoa-ravaged forests

Reuters
DJIGBADJI, Ivory Coast, Nov 17 (Reuters) – This cocoa-growing settlement was all but destroyed last year by Ivorian forest agents, leaving farmers to rake through their beans amid broken concrete and other remnants. “They set the whole village on fire,” said Alexis Kouassi Akpoue, describing the day in January 2020......

Coal stocks lose ground after Glasgow climate deal

Reuters
Smoke billows from a chimney at a coking factory in Hefei, Anhui province October 2, 2010. REUTERS/Stringer/File Photo Coal miners down in Asia Selling crimps long rally amid energy squeeze Oil, gas steady; China coal futures sink amid output surge SYDNEY, Nov 15 (Reuters) – An international agreement to reduce......

Militant attack kills 20 in Burkina Faso, security minister says

Reuters
OUAGADOUGOU, Nov 14 (Reuters) – An attack by insurgents killed 19 Burkina Faso military police and a civilian on Sunday in the tri-border northern region where the West African nation is battling Islamist militants, Security Minister Maxime Kone said. Kone said the toll was provisional. “This morning a detachment of......

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