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Clash over Trump tariffs heats up with barrage of WTO litigation

By: Reuters     19th October 2018 Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. The agenda for an Oct. 29 meeting of the WTO's dispute settlement body on Friday confirmed the legal moves,... 

China aluminium exports to surge on trade war - CRU

By: Reuters     9th October 2018 Chinese aluminium exports are expected to surge in coming months and next year after Beijing boosted tax rebates as part of a package to soften the impact of a trade war with the United States, according to industry consultancy CRU. High Chinese exports of metals such as aluminium and steel in... 

Chile eyes new copper markets to shield economy from trade war

By: Reuters     9th October 2018 Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a US.China trade war, the mining minister of the world's biggest copper producer said on Monday. Baldo Prokurica also told Reuters the South American nation was considering further... 

Africa needs to invest in fuel cell technology

By: Donald Makhafola     21st September 2018 Countries are recognising the value and future impact that fuel cells and hydrogen technologies will provide. Now is the time for Africa to join this global movement and invest in the fuel cell future, says Washington-based global advocacy organisation Fuel Cell and Hydrogen Energy Association... 

Nickel price to benefit from short supply, strong steel demand through 2019

By: Reuters     12th September 2018 Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit its lowest since December, could climb as high as $16 000... 

Gold slips amid US-China trade war concerns

By: Reuters     12th September 2018 Gold fell on Wednesday, but remained stuck in a narrow trading range as investors worry about a simmering trade war between the United States and China. Spot gold was down 0.3% to $1 193.61 an ounce at 1200 GMT, after hitting its lowest since Aug. 24 at $1 187.21 on Tuesday. US gold futures eased... 

Polyus on track to boost gold output in 2019

By: Reuters     12th September 2018 Polyus, Russia's largest gold producer, is on track to boost production to 2.8-million troy ounces and to reduce its capital expenditure in 2019, its CEO Pavel Grachev told Reuters. Its 2018 production is on track to reach the upper end of its forecast range of 2.375-million to 2.425-million... 

Rusal's August aluminium exports up 7% from July - Ifax

By: Reuters     6th September 2018 Russian aluminium producer Rusal, under US sanctions since April, increased its aluminium exports by 7% in August compared to the previous month, Interfax news agency said. Rusal, the world's second-largest aluminium producer, saw its exports and supply chain crippled after Washington put the... 

India-US dialogue to set outline for Indian crude oil imports from Iran

By: Ajoy K Das     5th September 2018 The Indian government will not totally halt crude oil imports from Iran, but will likely show flexibility on volumes of inward shipment as a nuanced stance at the US-India bilateral engagements starting Wednesday. The Indian government reckons that this willingness to reduce crude volume imports... 

US–China trade tensions to shackle copper prices

By: Reuters     29th August 2018 Copper prices have recovered from a recent rout, but the possibility of the trade dispute between the Washington and Beijing escalating and its potential to crimp demand in China, the world's top consumer, is expected to cap gains. Benchmark copper on the London Metal Exchange at $6 100 has... 

Mexico's next leader says NAFTA deal preserves energy 'sovereignty'

By: Reuters     28th August 2018 Mexican president-elect Andres Manuel Lopez Obrador welcomed a deal between Mexico and the United States to overhaul the North American Free Trade Agreement (NAFTA) that he said preserved Mexican "sovereignty" in the energy sector. The U.S.-Mexico deal was announced by US President Donald Trump... 

Trump proposes unwinding Obama's coal-plant pollution curbs

By: Bloomberg     21st August 2018 President Donald Trump’s administration on Tuesday unveiled its plan to dramatically weaken carbon dioxide limits on coal-fired power plants by shifting most of the regulatory burden to states in a further assault on the Obama climate legacy. The Environmental Protection Agency’s "Affordable... 

Kizeltepe benefiting from weaker lira, higher grades

By: Mariaan Webb     16th August 2018 The Kiziltepe mine, which Aim-listed Ariana Resources owns in a joint venture (JV) with Turkey's Proccea Construction, is benefitting from the recent movements in the value of the lira, with operational costs incurred in the local currency decreasing. Ariana MD Kerim Sener said on Thursday that... 

Russian miners explore payment schemes eschewing dollar

By: Reuters     15th August 2018 Two of Russia's biggest mining companies said on Wednesday they were investigating rouble-based payments schemes, amid calls from Moscow to reduce the role of the US dollar in Russian trade and so limit the impact of US sanctions. The Kremlin said on Monday that Russia favoured bilateral trade... 

Threat of contagion in emerging markets deepens commodity risk

By: Bloomberg     13th August 2018 When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The... 

Russia's shield against sanctions draws praise from Moody's

By: Bloomberg     7th August 2018 Russia is ready to absorb the blow from any new sanctions the US throws its way, according to Moody’s Investors Service. Measures to cut down holdings of Treasuries and reduce exposure to the dollar have made the economy less vulnerable to the threat of deeper penalties, Moody’s analyst Kristin... 

Russia's Rusal shuts down Nadvoitsky plant due to US sanctions

By: Reuters     7th August 2018 ussia's Rusal, the world's largest aluminium producer outside China, has started shutting down production at one of its smaller plants as a result of US sanctions on the company, Rusal representatives said on Monday. Operations at the Nadvoitsky aluminium smelter in Russia's Karelia region... 

Alcoa asks US government for tariff exemption on Canadian aluminum

By: Reuters     7th August 2018 Alcoa Corp on Monday asked the US.Commerce Department to exempt from tariffs its purchases of 40 000 metric tons of Canadian aluminum used to make beverage cans, adding to thousands of requests for such relief. According to documents posted to its website, Alcoa said no US aluminum producer can... 

Canada to soften carbon tax as firms fret about US competition

By: Reuters     2nd August 2018 Canada will soften the impact of a planned carbon tax on major emitters of greenhouse gases after businesses complained it would make them less competitive with the United States, officials said on Wednesday. The move underlines the challenges facing Canada as it tries to deal with Washington... 

Gold pinned near one-year lows on dollar strength

By: Reuters     1st August 2018 Gold was stable near one-year lows on Wednesday on a stronger dollar, as the market waited for signals on the direction of US monetary policy from a Federal Reserve meeting later in the day. Spot gold edged down 0.1% to $1 223.08 per ounce by 1045 GMT, close to a one-year low of $1 211.08 reached... 

Rare blue diamonds may be Earth's deepest secret

By: Reuters     1st August 2018 The Hope Diamond, a rare blue diamond that is one of the world's most famous jewels, has had a complicated history, passing through the hands of monarchs and bankers and heiresses and thieves before landing for all to see at a Washington museum. The geological history of blue diamonds is even... 

WTO chief sees trade war ending in political talks

By: Reuters     26th July 2018 The nascent global trade war will have to be ended by a political agreement between world leaders, because continuing down the current path will only damage the global economy, the head of the World Trade Organization said on Wednesday. WTO Director General Roberto Azevedo said that world leaders... 

Gold edges up as US dollar trades below 1-year highs

By: Reuters     20th July 2018 Gold prices edged up in volatile trade on Friday, after hitting a one-year low in the previous session, as the US dollar eased from its highest in a year. Spot gold was trading at $1 224.55 an ounce at 0811 GMT. In the previous session, it fell to its weakest since July last year at $1 211.08 an... 

Uranium tariffs threaten nuclear plants Trump is trying to save

By: Bloomberg     20th July 2018 The Trump administration’s decision to consider tariffs on uranium imports may raise the cost of fuel for nuclear reactors and undermine a separate initiative to shore up struggling electricity generators. The Commerce Department said Wednesday it will probe whether uranium imports “threaten to... 

EU mulls coal, pharma, chemicals tariffs if US hits cars – Wiwo

By: Reuters     19th July 2018 The European Union (EU) will consider introducing tariffs on coal, pharmaceuticals and chemical products from the United States if President Donald Trump imposes restrictions on European cars, Germany's Wirtschaftswoche magazine reported on Thursday. "Depending on progress made during the visit... 

US plans uranium import probe that may lead to tariffs

By: Bloomberg     18th July 2018 The Trump administration plans to open an investigation into whether uranium imports are harming national security, a move that could lead to tariffs on foreign shipments of the metal, said three people familiar with the matter. US uranium producers Energy Fuels and Ur-Energy filed a petition in... 

Copper heads for fifth weekly loss, aluminium awaits Trump-Putin summit

By: Reuters     13th July 2018 Copper headed for a fifth weekly loss on Friday as trade tensions between the United States and China rumbled on, while aluminium hit a three-month low ahead of a summit between US President Donald Trump and Russian President Vladimir Putin. Trump and Putin are due to meet in Helsinki on Monday... 

Buzzkill for US coal may come from weak yuan, not tariffs

By: Bloomberg     11th July 2018 Washington’s trade war with Beijing doesn’t pose much of a direct threat to US coal miners, since just a tiny percent of their sales go to China. But Appalachia may feel some heat from the sinking value of the Chinese yuan. A weaker Chinese currency makes it more expensive for the Asian giant to... 

Russia raises duties on US goods in response to trade restrictions

By: Reuters     6th July 2018 Russian Prime Minister Dmitry Medvedev has signed a decision imposing extra duties of 25% to 40% on some imports from the US in response to Washington's tariff move, the Russian economy ministry said on Friday. The extra duties will apply to imports of fiber optics, equipment for road... 

Former coal lobbyist takes over EPA from embattled chief Pruitt

By: Bloomberg     6th July 2018 The new head of the EPA is a former Senate staffer who has worked behind the scenes to quash climate change legislation and promote coal. Andrew Wheeler, 53, now the Environmental Protection Agency’s No. 2 official, will take over Monday as acting administrator following the resignation of Scott... 

Goldman says buy commodities as clock ticks toward trade war

By: Bloomberg     5th July 2018 Commodity bull Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the US and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly impacted, and after recent declines now’s the time to buy. The Wall Street... 

US probe darkens Glencore's horizons from Africa to Americas

By: Bloomberg     4th July 2018 The US corruption and money-laundering probe into Glencore Plc represents the sum of all fears for the world’s largest commodity trader and its billionaire CEO Ivan Glasenberg. The possibility that the Justice Department would add to the dizzying array of regulatory and legal headaches the Swiss... 

China kindling hope of accelerated use of platinum fuel cells to clean world’s air

By: Martin Creamer     22nd June 2018 The corridors of mining power are abuzz with reports of quick steps being taken by China to introduce platinum-catalysed hydrogen fuel cells at scale. Heavy fuel cell vehicles are being rapidly produced and the necessary hydrogen filling-station infrastructure provided, stimulated by 100%... 

Trump vows to open Minnesota's Superior National Forest to mines

By: Bloomberg     21st June 2018 President Donald Trump vowed to open large swaths of lands in Minnesota’s remote Superior National Forest to mining, a move that could benefit a copper-nickel mine being pursued by Antofagasta subsidiary Twin Metals Minnesota. Speaking at a rally in Duluth, Minnesota, on Wednesday, Trump said... 

Copper mine planned for Utah National Monument shrunk by Trump

By: Bloomberg     21st June 2018 The red sandstone vistas in Utah’s Grand Staircase-Escalante National Monument may soon be criss-crossed with dump trucks after a Canadian mining company announced plans to begin operations on land cut from federal protection by President Donald Trump. Vancouver-based Glacier Lake Resources... 

EU to impose duties on US imports Friday after Trump tariffs

By: Reuters     20th June 2018 The European Union will begin charging import duties of 25% on a range of US products on Friday, in response to US tariffs imposed on EU steel and aluminium early this month, the European Commission said on Wednesday. The move confirms a tit-for-tat dispute that could escalate into a full trade... 

China's taxing America's coal just as it was looking to buy more

By: Bloomberg     16th June 2018 Forgive US coal miners for feeling a bit of whiplash over China’s trade policies. Just two weeks ago, the Chinese government was said to be considering buying more American coal as part of an effort to narrow its trade deficit with the US. Now, in retaliation for President Donald Trump’s duties... 

Trump's coal gambit may yield political points, not mining jobs

By: Bloomberg     14th June 2018 The Trump administration’s plan for reviving coal power plants is unlikely to resurrect mining jobs but may boost the president’s support among crucial Rust Belt voters before the midterm elections that will determine which party controls Congress. President Donald Trump has asked Energy... 

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