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January 27, 2022

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Tesla sees Cybertruck production delayed to 2023

Reuters
Tesla’s Cybertruck is displayed at Manhattan’s Meatpacking District in New York City, U.S., May 8, 2021. REUTERS/Jeenah Moon Register now for FREE unlimited access to Reuters.com Register Jan 26 (Reuters) – Tesla Inc (TSLA.O) will delay production of its much-awaited Cybertruck, aiming to start in 2023, the company said on......

Gold scales over 2-month peak as Ukraine worries dent risk appetite

Reuters
Dollar hits two-week highs Risk appetite hurt by Russia-Ukraine worries Jan 26 (Reuters) – Gold hit a more than two-month high on Tuesday as geopolitical concerns over Ukraine pushed investors toward safe havens including bullion, ahead of the U.S. Federal Reserve’s meet that could offer cues on its monetary policy......

U.S. FDA limits use of Regeneron, Lilly COVID-19 antibody treatments

Reuters
Jan 24 (Reuters) – The U.S. health regulator revised on Monday the emergency use authorizations for COVID-19 antibody treatments from Regeneron (REGN.O) and Eli Lilly (LLY.N) to limit their use, as the drugs are unlikely to work against the Omicron coronavirus variant. The Food and Drug Administration (FDA) said the......

Rio Tinto CEO concerned about Serbian PM’s comments on lithium project

Reuters
A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 25 (Reuters) – Rio Tinto’s (RIO.AX), (RIO.L) chief executive said on Tuesday he was concerned about the......

Burkina Faso President Kabore detained at military camp, security sources say

Reuters
Heavy gunfire overnight around president’s residence President’s exact location unknown, no word from army Burkina Faso struggling to quell Islamist insurgency Protesters have denounced high toll on security forces OUAGADOUGOU, Jan 24 (Reuters) – Burkina Faso President Roch Kabore has been detained at a military camp by mutinying soldiers, four......

South32 warns of labour issues from pandemic as quarterly coking coal output falls

Reuters
The logo of Australian miner South32 can be seen at the venue of a media conference in Perth, Western Australia, November 18, 2015. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register Jan 24 (Reuters) – Australia’s South32 Ltd (S32.AX) on Monday warned of potential impact from workforce......

Fortescue to buy Williams Advanced Engineering for $222 million

Reuters
The logo of Australia’s Fortescue Metals Group (FMG) can be seen on a bulk carrier as it is loaded with iron ore at the coastal town of Port Hedland in Western Australia, November 29, 2018. REUTERS/Melanie Burton Register now for FREE unlimited access to Reuters.com Register Jan 24 (Reuters) –......

Teck Resources announces new contract with union at British Columbia mine

Reuters
Teck Resources sign is on display during the company’s annual general meeting in Vancouver, British Columbia, Canada, April 22, 2010. REUTERS/Lyle Stafford Jan 22 (Reuters) – Canadian miner Teck Resources Ltd (TECKb.TO) said on Saturday that members of a union representing 1,048 workers at its British Columbia mine have ratified......

Yellen rebrands Biden economic agenda as ‘modern supply-side economics’

Reuters
U.S. Treasury Secretary Janet Yellen addresses the U.S. Conference of Mayors winter meeting in Washington, U.S. January 19, 2022. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Jan 21 (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday rebranded the Biden administration’s economic agenda as “modern supply-side......

Gold on track to post second straight weekly gain on inflation risks

Reuters
Silver on track for best week in one year, up over 6% Palladium set for best week in nearly two years, up over 12% Platinum set for its best week since June Jan 21 (Reuters) – Gold was set to rise for a second consecutive week on Friday as inflation......

Rio Tinto shares slump as Serbia pulls plug on its $2.4 bln lithium project

Reuters
Serbia revokes Rio’s lithium exploration licences Share prices drop as cancellation seen as major setback Cancellation will mean greater shortage of lithium – analyst MELBOURNE, Jan 21 (Reuters) – Shares in Rio Tinto tumbled on Friday after Serbia revoked its lithium exploration licences over environmental concerns, hurting the Anglo-Australian miner’s......

LME copper slips on Fed hike jitters; Shanghai nickel leaps to record

Reuters
Jan 21 (Reuters) – London copper prices slipped on Friday as risk sentiment soured with markets expecting the U.S. Federal Reserve to aggressively raise interest rates this year, although hopes of further policy support from China kept the metal on track for a weekly gain. Dwindling inventories and optimism about......

A divided nation: Western Australia stays shut as COVID deaths mount in east

Reuters
The words “OMICRON SARS-COV-2” are seen reflected in a drop from a syringe needle in this illustration taken December 11, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register SYDNEY, Jan 21 (Reuters) – Australia will remain a divided nation with the vast mining state of Western......

‘This is an end’: Serbia revokes Rio Tinto’s lithium project licences

Reuters
A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register BELGRADE, Jan 20 (Reuters) – Serbia revoked Rio Tinto’s (RIO.L) lithium exploration licences on Thursday, bowing to protesters who......

Swedish engineer Sandvik’s orders and profit beat forecasts

Reuters
STOCKHOLM, Jan 20 (Reuters) – Sweden’s Sandvik (SAND.ST) reported quarterly earnings and order intake above market expectations on Thursday, boosted by continued strong demand for mining equipment. Sandvik, which competes with the likes of Epiroc (EPIRa.ST) and Kennametal , said like-for-like order bookings grew 23% to 30.90 billion crowns ($3.40......

Gold holds around 2-month peaks as firmer U.S. yields weigh

Reuters
Jan 20 (Reuters) – Gold prices on Thursday steadied near a two-month high hit in the previous session, with higher U.S. Treasury yields preventing any gains amid caution building around developments at the U.S. Federal Reserve’s meeting due next week. FUNDAMENTALS * Spot gold was flat at $1,839.36 per ounce......

Gold off one-week lows, U.S. rate hike bets reign in gains

Reuters
Global auto recovery to drive a pick-up palladium prices- Citi Markets eye Fed’s Jan. 25-26 meeting Gold stuck in a range- analyst Jan 19 (Reuters) – Gold edged up on Wednesday, but moves were fairly contained as the market looked to U.S. Federal Reserve’s next policy meeting where it is......

Australia’s Lynas posts record revenue on strong demand for rare earths

Reuters
A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 19 (Reuters) – Australia’s Lynas Rare Earths Ltd (LYC.AX) posted record second-quarter revenue......

Gold slips as U.S. yields firm; traders await Fed rate hike clues

Reuters
U.S. Federal Reserve to meet on Jan. 25-26 Bank of Japan raises price forecast, keeps policy steady 10-year U.S. Treasury yields hit two-year high Jan 18 (Reuters) – Gold prices eased on Tuesday, pressured by higher U.S. Treasury yields, as investors looked for clues about the Federal Reserve’s interest rate......

London copper gains on dollar weakness but capped by higher inventories

Reuters
Jan 18 (Reuters) – London copper prices edged higher on Tuesday as a weaker dollar made the greenback-priced metal attractive for holders of other currencies, while rise in inventories in London Metal Exchange-registered warehouses capped further gains. Three-month copper on the London Metal Exchange rose 0.4% to $9,769 a tonne......

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