Market Pulse - Commodities
Citi reiterates 'buy' on Kaz Minerals, points out exposure to EV demand
Analysts at Citi reiterated their 'buy' recommendation and 1040p target price for shares of Kaz Minerals on Monday, welcoming Non Ferrous China's decision to take a 19. 4% stake in the Koksay project, telling clients it would help to share the risks and capital expenditure arising from that next stage growth option.
Chinese producer prices beat forecasts in May
Consumer price inflation in China was stable last month, even as factory gate prices accelerated on the back of higher commodity prices.
Sunday newspaper round-up: Brexit, Russia, inflation, Rolls-Royce, Sainsbury's
The hidden scale of Kremlin links to the biggest donor to the Brexit campaign are revealed today. Arron Banks, the millionaire businessman who helped fund Brexit, was offered a business deal involving six Russian goldmines. He also had undisclosed meetings with the Russian ambassador to Britain — set up by a suspected Russian spy — and paid a previously unknown visit to Moscow at the height of the campaign. - Sunday Times.
Spain-focused Berkeley Energia lists on Main Board
Spain-focused Berkeley Energia graduated to the London Stock Exchange's Main Board and updated investors on its plans to list on Spain's four major bourses on Wednesday.
Crusader shares tumble despite 'significant results' at Jurueana gold project
AIM-quoted minerals exploration and development company Crusader Resources provided investors with an update on its Jurueana gold project on Friday following a recent drilling campaign at three previously un-drilled prospects within the license.
Patagonia Gold sales hit 10,662 ounces of gold in first quarter
AIM-quoted mining company Patagonia Gold provided investors with a first-quarter update for its Cap Oeste project in Argentina on Friday as efforts to optimise production continued.
IKEA commits to total ban on single-use plastic products by 2020
IKEA is planning to eliminate all single-use plastic products from its catalogue by 2020 in a bid to help solve the growing global environmental crisis resulting from their use.
Nick Clegg: The UK will be the first country to introduce trade barriers in Europe since WWII
That Nick Clegg, former British deputy prime minister, is a fervent opponent of Brexit is no secret.
Bids value BHP's US shale assets at $9bn
Multinational mining, metals and petroleum firm BHP Billiton has received the first round of bids for its US shale portfolio, valuing the unit at between $7bn and $9bn, according to sources who spoke to Bloomberg.
Sterling Energy appoints former DEO Petroleum boss as chief executive
Oil and gas exploration firm Sterling Energy announced on Wednesday that David Marshall has been appointed chief executive with immediate effect.
UK hit by biggest petrol price rise in almost two decades
UK petrol and diesel prices went up every day since April 22, adding 8p a litre to prices paid by motorists at the petrol pump, making it the longest sustained price increase since March 2015.
US asks OPEC to up oil production by 1.0m barrels per day
The US government is understood to have asked Saudi Arabia and some other OPEC producers to increase oil production by about 1m barrels a day.
Metminco launches Colombian drilling campaign
AIM-quoted gold production firm Metminco has kicked off diamond exploration drilling on its Tesorito gold prospect in the Quinchia district of Colombia.
Sound Energy receives ministerial approval for Sidi Moktar license
Moroccan focused upstream gas company Sound Energy has seen "significant inbound third party interest" after the firm received Ministerial approval for the Sidi Moktar Onshore Petroleum Agreement awarded to the firm back in February.
Arc Minerals ups stake in Zamsort copper-cobalt project
AIM-listed exploration and mine development company Arc Minerals has increased its ownership of copper and cobalt miner Zamsort to 55% following the acquisition of a further 6% from Terra Metals.
88 Energy continues work on second well at Project Icewine
Pressure build-up analysis from AIM-quoted exploration group 88 Energy's Alaskan drilling operations has revealed no deterioration in fracture half-length since the long Alaskan winter forced the project to be shut down.
UK to formally propose time-limited extension of current customs union this week
Westminster will propose to Brussels a time-limited extension of the current tarriff arrangement with the European Union this week, Bloomberg reported citing two persons familiar with the government's plans.
China warns 'all trade deals are off' if US raises tariffs
China has threatened to withdraw from its previously agreed commitments with Washington to cut its bilateral trade deficit on goods with the US if President Donald Trump moves ahead with tariffs on $50bn-worth of Chinese products.
Commodities: WTI drops amid rising US dollar, American crude exports
Commodities were slightly weaker at the end of the week, with traders pushing West Texas Intermediate crude oil futures lower on the back of a stronger US dollar and rising US oil output.
Market buzz: US jobs reports beats forecasts, Spain dumps PM
1555: Housebuilder Barratt Developments was boosted by an upgrade form JP Morgan to 'overweight' from 'neutral', while reversing that call and downgrading rival Taylor Wimpey to 'neutral'. Persimmon was reiterated at 'overweight'.