Market Pulse - Commodities
Savannah Resources moves to secure 100% ownership of flagship project
Savannah Resources confirmed on Monday that it will move to secure 100% ownership of its flagship asset, the Mina do Barroso Lithium Project in Portugal, which is Europe's most significant spodumene lithium deposit.
Highland Gold Mining profits climb despite dip in production
Highland Gold Mining on Friday reported a rise in profit before tax as a reduction in costs offset lower revenues following a slight drop in production.
China and US agree on trade enforcement mechanism, says Mnuchin
US Treasury secretary Steven Mnuchin said on Wednesday evening that China and the US have agreed to set up trade enforcement offices in both countries in order to monitor compliance with any trade deal, suggesting that an end to their trade war is close.
Starbucks to launch £1m fund to boost paper cup recycling
Starbucks and environmental charity Hubbub have launched on Thursday a £1m fund to help improve paper cup recycling facilities across the UK.
Good weather helps Camellia's annual profits shine
Camellia reported on Thursday that its annual profits and revenues increased following an improved performance from its agricultural division as good weather benefited crop growth.
Vast Resources awaiting term sheets for Baita Plai financing
Mining outfit Vast Resources said it is now waiting for term sheets from two financial institutions for loan finance to bring its Baita Plai project into production, alongside progress in its discussions to bring on board a cornerstone equity investor.
China inflation jumps in March, but only as expected
Chinese consumer prices picked up in March as food inflation bounced back following a big Lunar New Year induced slowdown during the previous month.
Commodities: Energy futures volatile after DoE inventory data, forecasts for snow in US
The heaviest price action was in the energy patch on Wednesday, following the release of figures showing big declines in US oil product stockpiles and amid forecasts for potentially record-breaking snowfalls across America's Great Plains region.
WTI futures higher even after DoE reports jump in US crude oil stockpiles
US oil inventories surged last week, but the increase was almost completely offset by drops in product stockpiles.
China considers ban on bitcoin mining
China's economic planning agency added “virtual currency mining activities” to the list of industries that face a ban in the country.
Bushveld subsidiary secures loan facility for Imaloto power station project
Bushveld Minerals has arranged a loan facility with the Development Bank of Southern Africa for its Lemur Holdings subsidiary.
Steppe Cement sales improve as group increases market share
Kazakhstan-focussed construction materials producer Steppe Cement saw sales tonnage soar in the first quarter of its trading year.
Differences between China and EU mount ahead of annual summit
Chinese Premier Li Keqiang and European Union institution leaders are set to meet in Brussels on Tuesday at the annual EU-China summit but could face differences over trade and investment.
IMF slashes 2019 global GDP forecast
The world's economic watchdog took an axe to its near-term forecasts for global growth for the third time in six months, warning that the outlook for a projected recovery in growth was "precarious".
Commodities: WTI pushes to five-month high on geopolitics
Energy futures paced gains at the start of the week, with reports at the weekend of increased fighting in Libya helping to prop up crude oil futures.
Reabold Resources lands farm-in agreement for Romania project
Oil and gas project investor Reabold Resources on Monday confirmed that its 33% owned investee company Danube Petroleum is planning a $1. 5m seismic programme on the Parta licence in Romania.
Volga Gas' profits leap after sales volumes improve
Volga Gas' shares climbed after the company said the construction of a new unit and higher annual sales volumes drove revenues and profits higher.
US non-farm payrolls rise by 196,000 in March, earnings fall short
US job growth returned to trend last month as some of the erratic factors that depressed the previous month's reading washed out of the data, but the latest wage data fell short of forecasts.
Starvest receives £123,800 from sale of Kuwait Energy
Starvest on Friday announced that its investee company Kuwait Energy has been acquired by Hong Kong listed United Energy Group Limited in an all-cash transaction.
Commodities: Prices little changed despite reports of 'progress' in US-China trade talks
Commodity prices were broadly flat as investors waited on the release of the key monthly non-farm payrolls report due out in the States on the following day and amid reports that trade talks between Washington and Beijing appeared to be in their final stages.