Market Pulse - Commodities
Nickel beats cobalt for long-term electric vehicle trends, says JPM
Examining the potential impact of the growing electric vehicle market on automotive, battery makers and mining companies, JPMorgan Cazenove tempered investor exuberance over lithium and cobalt, in favour of nickel and copper.
Dunedin Smaller Co's proposes merger with Standard Life UK trust
London-listed investment trust Dunedin Smaller Companies has agreed, in principle, to a merger with Standard Life UK Smaller Companies Trust after undertaking a strategic review of the company and its position in the UK smaller companies sector.
Fatality at Serabi Gold's Sao Chico project in Brazil
Exploration and production company Serabi Gold on Wednesday confirmed the death of an employee at its Sao Chico Mine in Brazil.
Shell to offload Norwegian assets to Okea
Royal Dutch Shell has reached an agreement with Norwegian oil company OKEA to sell its stakes in the Draugen and Gjøa oil field to the Scandinavian firm for NOK 4. 52bn.
EU retaliates for US tariffs on aluminium and steel
The European Commission has responded to the US administration's levies on aluminium and steel, formally approving 'rebalancing measures' on €2. 8bn-worth of US exports of agricultural and manufactured goods.
Herencia hunting for new board member after non-executive chairman resigns
Wednesday saw the resignation of Herencia Resources's non-executive chairman Peter Reeve, who will step down from his role with immediate effect.
MySquar acquires Myanmar-based payments business
AIM-quoted social media platform MySquar launched a fundraising on Wednesday, shortly after agreeing to acquire MyPay Myanmar for £2m in cash and shares.
Cryptocurrencies suffer fall after South Korean exchange reports $32m coins stolen
Cryptocurrencies dropped after South Korean exchange Bithumb was hacked and $32m in coins were stolen, including Ripple tokens.
Market buzz: Has gold lost its allure as a safe-haven?
1630:Close Equities paid more attention on Tuesday to the ratcheting-up of tensions between Beijing and Washington as trading kicked-off with a sharp move lower on the Shanghai bourse.
Urals Energy's shares storm despite weather disrupting Pacific project
Urals Energy saw its shares jump over 10% on Tuesday despite experiencing delays in the completion of its first well at the South Dagi programme.
White House readies $400bn-worth of possible tariffs on Chinese made goods
President Donald Trump instructed his country's Trade Representative to identify another $200bn-worth of goods on which to levy 10% tariffs.
Commodities: Brent bounces back on talk of smaller output hike from OPEC+
Commodities were little changed at the start of the week, with a rebound in Brent crude oil futures offsetting weakness in the agricultural space.
88 Energy begins fluid recovery at Icewine well
AIM-listed exploration company 88 Energy has begun nitrogen lift operations at its Icewine-2 well in Alaska, recovering fluids previously injected into the site through fracking.
Trump set to impose $50bn tariffs on Chinese goods
US President Donald Trump decided to impose $50bn tariffs on Chinese products despite warnings from some corners that it risked provoking a trade war.
ITM Power sees pipeline growth, but 'one-offs' to result in full-year cash loss
Energy storage and clean fuel firm ITM Power on Thursday released a pre-close trading update showing strong growth in its orders and tender opportunity pipelines, although higher-than-expected costs were expected to result in a cash loss.
Magnolia Petroleum to sell 31 wells to tackle lending facility
Oil and gas production firm Magnolia Petroleum on Thursday signed a non-binding agreement for the sale of its 31 wells in North Dakota for a total consideration of $1. 5m.
White House set to move ahead with tariffs on Chinese goods
The US may levy tariffs on tens of billions of dollars-worth of Chinese-made goods over the next week, perhaps as soon as Friday.
Commodities: WTI gains on weekly stockpile data, despite record US crude output
Commodity prices were mostly higher on Wednesday, as the US dollar eased lower and following the release of a bullish set of weekly crude oil inventory figures.
Market buzz: Summit for nowt? Withdrawal Bill debate in focus
1700:Close Stocks dipped and the pound edged higher after the first day of the Commons debate on the proposed amendments to the Withdrawal Bill.
Commodities: USDA cuts Russian wheat crop forecast, cotton near 52-week high
Tuesday appeared set to be a near mirror image of the previous session's price action, with agriculture futures bouncing back sharply alongside losses in energy futures.