Oil surrendered gains after rising in early trading as investors weighed whether an unprecedented deal by the world’s biggest producers to cut output would would be enough to steady a market pummeled by the coronavirus.
Futures in London were down 0.4…
Oil little changed after historic Opec+ deal to cut production Read More »
Oil surrendered gains after rising in early trading as investors weighed whether an unprecedented deal by the world’s biggest producers to cut output would would be enough to steady a market pummeled by the coronavirus.
Futures in London were down 0.4…
Oil little changed after historic Opec+ deal to cut production Read More »
Canadian lawmakers approved a bill to subsidize wages by 75% in a bid to stabilize the economy as Prime Minister Justin Trudeau called the coronavirus his generation’s greatest challenge yet.
The flagship C$73-billion programME — more than one-quarte…
Canada passes historic wage bill to stem wave of job losses Read More »
China’s coal prices have sunk to levels that threaten State intervention, but this time policy makers may refrain from doing so as they continue efforts to buttress the economy hurt by the coronavirus pandemic.
The government will try to keep power pr…
China’s ‘green zone’ coal price tested as virus fight continues Read More »
Alrosa, Russia’s largest diamond producer, ended some long-term deals with customers as sales in March collapsed to half the level of a year ago because of the coronavirus pandemic.
“We would like to thank those of our customers who stick to our long-…
Alrosa ends some long-term deals as March diamond sales plunge Read More »
Gold reached a seven-year high as massive US filings for jobless benefits and sweeping steps by the Federal Reserve to shore up the economy bolstered demand for the metal as a haven.
Futures advanced as much as 4.2% after the Fed announced as much as …
Gold jumps to seven-year high as Fed unleashes new emergency aid Read More »
When South Africa shut down its mining industry to contain the coronavirus, more than 450 000 workers were sent home in 24 hours. Getting them back will take much longer for the nation’s gold and platinum miners. Ramping up production at the world’s de…
World’s deepest mines to take weeks to reopen after virus shutdown Read More »
The cost of insuring against potential debt default by mining companies has risen to the highest in five years on mounting fears of recession, demand destruction and shutdowns to contain the spread of the coronavirus.
Commodity group Glencore’s five-y…
Bets on potential mining defaults surge on worsening sector outlook Read More »
From oil to copper to coal, China’s gigantic commodities industry is signaling that the first economy to be flattened by the coronavirus is getting closer to a return to normality.
Bloomberg Economics estimates that most of China was 90% to 95% back t…
The state of Chinese commodities shows recovery taking hold Read More »
The supply shortages in the gold market will likely ease in the coming weeks as Swiss refineries start running again.
Three major plants in the Swiss canton of Ticino, Europe’s biggest gold-refining hub, have said they’ve received permission from loca…
Gold’s supply squeeze should ease as Swiss refineries reopen Read More »
