Analysis: Commodities

Silver Lake appoints Egon Durban, Greg Mondre as first co-CEOs

Private equity firm Silver Lake on Monday named company veterans Egon Durban and Greg Mondre to the newly formed roles of co-chief executive officers.

Vietnam signs crude oil supply deal for 2020 with SOCAR

Vietnam's state-run Binh Son Refining and Petrochemical Co has inked an agreement with Azeri state energy company SOCAR to buy five million barrels of crude in 2020, BSR said late on Friday....

China soy, palm oil markets surge on swine fever spillover

Investors have stampeded into China's edible oil markets, drawn by the volatility caused by the nation-wide outbreak of African swine fever that curbed oilseed crushing, slashed pork output and forced...

LME Copper Cash : Canada's First Quantum may team-up with Rio Tinto to develop Peru copper mine

Canadian miner First Quantum Minerals Ltd is looking for strategic partners to develop new copper projects and a joint venture with Rio Tinto in Peru could be on the cards, First Quantum's chief...

Manchester City owner scores $4.8 billion price tag with stake sale

Manchester City's Abu Dhabi-controlled owner has agreed to sell a $500 million stake to U.S. private equity firm Silver Lake, making it the world's most valuable soccer group with a $4.8 billion price...

Uganda's coffee exports rise 8% in October from a year ago

Uganda's coffee exports rose 7.8 percent in October compared to the same month a year earlier, helped by higher yields from Robusta trees, the regulator UCDA said in a report seen by Reuters on...

Kirkland shares fall after Canadian miner offers $3 billion for Detour Gold

Canadian miner Kirkland Lake Gold Ltd's shares fell as much as 16% in Toronto on Monday after investors reacted negatively to the hefty premium it agreed to pay to buy smaller rival Detour Gold Corp...

Europe says Brazil's move to end soy moratorium threatens $5-billion market

Brazilian farmers risk losing part of the European market for soy products estimated at $5 billion per year if they scrap a so-called soy moratorium barring grain traders from buying oilseed from...

Indonesia's Bulog wants $1.42 billion government funding for rice procurement

Indonesia's state food procurement agency needs government funding of 20 trillion rupiah in 2020 to finance purchases of rice needed as a buffer stock, its chief executive said on Thursday....

Global palm oil stocks to fall as output growth slows - analyst Fry

Growth in palm oil production will slow in the next few years, helping reduce stockpiles and boost prices, leading industry analyst James Fry said on Thursday.

Trade commission finds Chinese aluminium wire, cable export harms U.S. industry

The U.S. International Trade Commission on Wednesday said it had determined that U.S. industry was materially injured by below-cost imports of aluminium wire and cable from China, locking in U.S....

Ivory Coast 2019/20 cotton output expected to hit record 510,000 T

Ivory Coast's cotton output for the 2019/2020 season is forecast to hit a record 510,000 tonnes, up from about 468,000 tonnes in the previous season, the cotton ginners' association said on Wednesday.

Sycamore Mining signs deal with Guinea to redevelop Kiniero gold mine

Cyprus-based investment firm Sycamore Mining on Tuesday signed a pact with Guinea’s government to redevelop the Kiniero gold mine in the country's east, the minerals minister said.

Palm oil producers to set up fund to fight critics

Palm oil producers will set up a joint fund to counter critics of the industry, a Malaysian government official said on Tuesday, amid growing scrutiny of a commodity which is accused of causing...

Palm oil : Malaysian palm oil to meet new EU food safety levels by 2021 - minister

Malaysia, the second-biggest producer and exporter of palm oil after Indonesia, will enforce regulations to ensure that by 2021 its palm oil meets new food safety standards under consideration by the...

Indonesia hopes for environmental nod soon for battery-grade nickel plants

Indonesia's coordinating minister who oversees mining said on Monday he hoped environmental impact studies for factories to produce battery-grade nickel chemicals would be completed by the end of the...

Southeast Asia stocks: Malaysia falls as new palm oil rules set to kick in; others edge lower

Most Southeast Asian stock markets fell on Tuesday as lack of significant progress in U.S.-China trade talks kept investors on the edge, while Malaysia slipped after the government announced new food...

Barrick seeks to eclipse $1.5 billion asset sales target, eyes more copper

Canadian miner Barrick Gold Corp is keen to top its $1.5 billion target for asset sales after shedding its half of the Super Pit gold mine in Western Australia, Chief Executive Officer Mark Bristow...

Indonesia's competition watchdog looks into nickel sector after cartel complaint

Indonesia's anti-monopoly agency has begun a preliminary study of the country's nickel smelting sector, an agency official said on Monday, after a miners' association accused big nickel smelters of...