Commodities and Trade Finance
More information about Commodities and Trade FinanceThyssenKrupp seeks big annual steel price rises
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Hot gold bullion, hottest global gold stocks
As dollar gold bullion flirts with near-record levels, we take a look at which stocks are getting investors all hot under the collar in our review of the 100 most in-demand gold stocks Why are some Tier 1 gold stocks relatively underperforming their more...
OPEC should seek $100 oil price: Libya
By Alex Lawler LONDON (Reuters) - OPEC needs a higher oil price of $100 a barrel because the rising costs of imports such as food have eroded OPEC members' income, Libya's top oil official told Reuters on Wednesday. Oil has traded largely between $70 and more...
African Gold Group, Inc. 92% Gold Recovery Using Gravity Separation Only on Oxide Ore From Kobada, Mali
(Marketwire via COMTEX News Network) -- African Gold Group, Inc., ("AGG" or the "Company") (TSX VENTURE:AGG) is pleased to report on metallurgical test work recently completed by SGS Lakefield (SGS) on a composite of oxide mineralization from AGG's more...
Graft trial of Ivory Coast cocoa officials starts
* Former top executives at BCC accused of fraud ABIDJAN, Sept 8 (Reuters) - A court in Ivory Coast opened the trial on Wednesday of 30 former senior cocoa officials charged with corruption and fraud, more than two years after they were arrested in an more...
Zimbabwe to conduct future diamond sales in secrecy
HARARE (Commodity Online) : World’s leading diamond seller, Zimbabwe said it will not announce the sale of the precious stones in future for security reasons and in line with international standards. According to country’s Mines and Mining more...
Kenya’s benchmark coffee price falls at auction
Kenya’s benchmark coffee grade fell 3.8 per cent at an auction yesterday as supplies increased, the Nairobi Coffee Auction said. The top AA grade sold for an average of $350.63 for a 50- kilogram (110-pound) bag, compared with $364.37 a week earlier, more...
Kuwait Plans Partial Shutdowns at Two Crude Oil Refineries in November
Kuwait is planning a partial shutdown at the Mina al Ahmadi refinery , its largest oil processing plant, for about one month starting in November to conduct work on a crude distillation unit, an official said. ... more...
Strengthening wheat market poses a problem for U.K.'s biofuel sector
Rising wheat prices have prompted questions about the U.K.'s wheat-based ethanol targets. The U.K.'s three wheat-based ethanol plants expected to go online by 2014 are projected to consume about one-fifth of the country's wheat output, according to the more...
Egypt's wheat bill up, but bread riots unlikely
Egypt, the world's biggest wheat importer, faces a higher bill for bread subsidies in the next year but has adequate financial resources and stocks to avoid any rerun of the violent protests of 2008. Egypt raced to redo orders after drought-hit Russia more...
BNP Paribas Reshuffles Global Equities,Commodities Derivatives Operations
PARIS -(Dow Jones)- French lender BNP Paribas S.A. (BNP.FR) Wednesday said it's reorganizing its Global Equities and Commodity Derivatives business. MAIN FACTS: - More autonomy is given to the regions in line with BNP Paribas CIB's regionalisation. more...
Metorex Predicts Strong Demand and High Copper Prices
South Africa's Metorex predicts a strong demand and higher prices for copper due to robust demand from India and China. Demand for copper has rebounded and boosted prices, encouraging producers to increase production. Metorex chief executive Terence more...
UBS lifts gold forecasts on haven buying, seasonality
The Swiss bank, a closely watched commentator on gold, also lifted its three-month gold price view to $1,300 from $1,200 previously. Spot gold prices are currently around $1,260 an ounce, just below June's record high of $1,264.90. UBS analyst Edel Tully more...
UK's Industrial sector expand, while Germany's trade surplus rises beyond expectations
Europe have presented better than expected performance during the second three months of this year, but todays data signaled slowing recovery in the second half of the year. Germanys Trade Surplus in July, came in better than expected, but overall, below more...
Zambia's Copper Mines Receive Global Recognition
See more news releases in: Mining, Mining & Metals, Precious Metals, New Products & Services LUSAKA, Zambia, September 8, 2010 /PRNewswire/ -- World-renowned business news service Dow Jones has applauded Zambia's copper mining successes in an article more...
Citadel buys out partners in Saudi Arabia copper/gold project
PERTH (miningweekly.com) – Emerging gold and base-metals producer Citadel Resources plans to take full ownership of the Jabal Sayid copper/gold project, in Saudi Arabia.Citadel would pay its joint-venture (JV) partners and Partners Maritime and more...
Copper falls on European banking, growth worries
* Equity markets slip, dollar index edged up * European banking worries weigh, traders look to China * COMING UP:U.S. weekly Redbook due at 1255 GMT (Recasts, adds comments/details, previous SINGAPORE) By Michael Taylor LONDON, Sept 8 (Reuters) - Copper more...
ArcelorMittal and ThyssenKrupp to raise HR steel price in October
Dow Jones reported that ArcelorMittal intends to raise its prices for hot rolled steel 5% to around EUR 620 a tonne in October 2010 due to the recent sharp rise in raw material costs. Earlier, the German business daily Handelsblatt reported the intended more...
Dubai Gold And Commodities Exchange Monthly Update - September 2010
Click here to download Dubai Gold and Commodities Exchange's monthly update for September 2010. Marketing/Business Development Contact: Hamish McArthur Fax: +44 (0)20 7404 1942 Mondo Visione, 1st Floor, Baird House, 15-17 St. Cross Street, London, EC1N more...
Egypt not to impose customs duties on Turkish steel imports
CAIRO- Arab Steel reported that International Conventions Sector of the Egyptian Ministry of Industry and Trade rejected demands from rebar producers to re impose 10% customs duties on imported rebar. The Sector sent a rejection note to the Industries more...
Iran says India considering sea route to buy gas
TEHRAN (Commodity Online) : Iran’s National Iranian Gas Company said Asian giant India has again expressed interest in buying natural gas from the country via sea route. According to NIGC managing director Javad Owji, whom is also Iran’s deputy oil more...
Arabica coffee, sugar rally; dollar hurts oil
NEW YORK - Arabica coffee hit 13-1/4 year highs and raw sugar a 6-month top on Tuesday, defying a stronger dollar and nervous US commodity markets reopening from a long weekend. But crude oil settled down and copper and wheat prices retreated from last more...
Iran aluminum output up 6%
TEHRAN, Sept. 8 (MNA) -- Some 127,683 tons of aluminum have been produced in the first five months of current Iranian calendar year (started March 20). The amount shows six percent increase in comparison to the same period in the previous year, the Mehr more...
SolarCar Nominated for the EUROPEAN ALUMINIUM AWARD 2010
/PRNewswire/ -- - Sophisticated Solar Power Roof for Vehicles Nominated by the Aluminum Industries SolarCar announced today their nomination for the prestigious European Aluminum Award 2010 Industrial Design & Engineering. The Aluminum Award is granted more...
Lula visit deepens shift in Kenya’s global trade
President Luiz Da Silva’s visit to Nairobi last week has added fresh impetus to the ongoing shift in Kenya’s choice of economic partners in favour of the world’s emerging powerhouses such as Brazil, China and India, economists said. The shift, more...
Commodity prices up on shilling loss
Cement prices rose in the past two weeks, and dealers attribute the trend to the shilling depreciation against the dollar. A BusinessWeek survey has established that the retail price of a 50-kilo bag of cement has increased by at least Sh500. 'With the more...
Tullow wants to sale Ugandan crude oil
A Norwegian firm and local company producing thermal electricity are in the final stages of negotiations to buy Ugandan crude from Tullow oil for purposes of producing electricity, industry sources said early this week. The deal will involve the more...
Declining demand lops off rice prices
Thursday, 25 March 2010 11:11 Slow demand has lopped $100 off Asian rice prices from last year's peak, returning them to levels last seen in 2008, but a further drop could revive the appetite of key buyers, including Africa and the Middle East. The more...
Sugar factory output up 23pc
The Tanganyika Planting Company (TPC) raised sugar production to 78,000 tonnes in the 2008/09 season from 60,000 tonnes in 2007/08. It produced 49,650 tonnes in 200/01, says chief executive officer Robert Baissac. The factory aims at increasing output more...
UK - Improving wheat quality
UK scientists have released draft sequences of the wheat genome, in what the NFU has called an ‘exciting development for the cereals sector’ with great significance for both British agriculture and global food security.  The Biotechnology and more...