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Commodities News Page 1

Sour taste for producers as sugar prices slide

Over-supply and a hostile climate in the west send sugar prices reeling. Sugar is now changing hands at less than 12 cents a pound, the lowest level since 2015.

Dan Atkinson
Gold dips as dollar strength continues

Gold prices dipped on Friday, with the yellow metal heading for its biggest weekly decline in around 2-1/2 months as the dollar resumed its recent upward trend.

James Hester
Gold edges higher as dollar rally loses steam

Gold traded slightly higher on Thursday, helped by a modest pullback in the US dollar.

James Hester
Wilmar reports jump in earnings on strong grains margins

Wilmar International, the Singapore-based agricultural commodity trader reported a 25% rise in quarterly earnings on Thursday.

James Hester
Vitol eyes further falls in global crude inventories

Oil trading group Vitol predicts strong demand for crude oil during 2018, enabling a further drawdown in global inventories as the year progresses.

James Hester
Apple store
Apple buys cobalt to secure long-term battery supplies

Apple is in talks to buy stocks of cobalt to ensure long-term battery supplies for its iPhones and iPads.

Richard Reed

Oil rig
Oil to remain crucial part of energy mix until 2040

Oil is likely to remain a critical component of the world’s energy mix for at least the next two decades, according to a new report from BP.

Richard Reed
Silver ingot and gold bullion
Commodities to benefit as inflation returns, says JP Morgan

The bank sees precious metals, along with copper, zinc and nickel, enjoying the best gains over the next year.

Graham Buck
Crude oil prices fall as dollar continues recovery

Crude oil prices fell on Wednesday as the dollar continued its recovery from a four-year low struck last week

Neil Dennis
Glencore CEO Ivan Glasenberg
Glencore has appetite for further acquisitions

The Swiss miner and commodity trader said it has the financial power to pursue more deals as it reported strong results.

Graham Buck
Gold slumps as dollar rebounds

Gold prices slumped on Tuesday as the dollar continued to rebound from three-year lows.

James Hester
Brent falls and WTI rises as domestic factors play out on oil markets

Oil prices refused to move in tandem on Tuesday, as the two main futures contracts Brent Crude and Nymex West Texas Intermediate moved in different directions

Neil Dennis
Miners club together to fight DRC legislation

Miners including Glencore and Randgold have teamed together to fight new legislation in the Democratic Republic of Congo (DRC) that looks set to raise mining costs.

James Hester
Rolls of coiled steel
Japan’s steel industry urges Trump to tread carefully

Japan's steel industry on Monday urged President Donald Trump to make an appropriate decision following the Department of Commerce's recent report outlining heavy tariffs on imports to protect the US steel and aluminium industry.

Claire Hunte
Close up a huge yellow offshore oil rig drilling platform with a red supply boat.
Oil prices climb to near two-week high

Asian shares recovery and simmering tensions in the Middle East helped oil prices to add further gains.

Claire Hunte

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Economic calendar
24 February, 2019
21:45 NZD
New Zealand
High Retail Sales 0