Commodities Archives - Page 75 of 260

2 minute read

Aluminum Producer Alcoa’s Cost-Cutting Measures – Plans To Curtail Production At One Western Australian Refinery

January 9, 8:37 AM

Alcoa Corporation (NYSE: AA) plans to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process

2 minute read

Asia Markets Up, Europe Falls, While Crude Oil And Gold Gain – Global Markets Today While US Was Sleeping

By Akanksha Bakshi

January 9, 7:22 AM

On Monday, January 8th, the U.S. stock markets closed higher, with Nasdaq Composite gaining +2%, spurred by falling Treasury yields boosting large-cap stocks.

ADIV

2 minute read

Freeport-McMoRan Upgraded; Barrick Gold Downgraded; Commercial Metals Reports Earnings; Ivanhoe Electric Advances Santa Cruz Copper Project

By Michael Cohen

January 8, 5:48 PM

Top Stories for Jan. 8, 2024: 1. Freeport-McMoRan Inc. (NYSE: FCX) was upgraded from Market Perform to Outperform, with its price target raised from $41 to $48.50 by an analyst at Bernstein.

CMC

2 minute read

Mining Milestone: Rio Tinto To Launch World’s Largest Project In Guinea’s Simandou Mountains

By Stjepan Kalinic

January 8, 4:54 PM

Exploring Rio Tinto's groundbreaking $6.2 billion Simandou project in Guinea, set to become the world's largest mining venture amidst decades of challenges.

RIO

3 minute read

Dow Surges Over 100 Points; Commercial Metals Posts Upbeat Q1 Results

By Avi Kapoor

January 8, 3:33 PM

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 100 points on Monday. The Dow traded up 0.35% to 37,596.43 while the NASDAQ rose 1.89% to 14,799.21. The S&P 500 also rose, gaining, 1.11% to 4,749.41.

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1 minute read

Nord Stream Sabotage Investigation: Polish Authorities’ Accused Of Lack of Transparency

By Vandana Singh

January 8, 2:16 PM

European investigators probing the Nord Stream natural gas pipeline sabotage say that the Polish officials have been slow to share information and have withheld key evidence related to the movements of alleged

BNO

3 minute read

Crude Oil Falls Sharply; Ambrx Biopharma Shares Spike Higher

By Avi Kapoor

January 8, 1:22 PM

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining more than 1% on Monday. The Dow traded down 0.19% to 37,396.28 while the NASDAQ rose 1.20% to 14,698.88. The S&P 500 also rose, gaining, 0.55% to 4,722.93.

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2 minute read

As Oversupply Deflates Lithium Bubble, IPO Market Keeps In High Spirits

By Stjepan Kalinic

January 8, 1:20 PM

Lithium market facing persistent turmoil as spot prices decline for more than a year. But asset management firm Janus Henderson sees a silver lining.

JHG

2 minute read

US Energy Stocks Dive On Crude, Natural Gas Price Slump: Contrarian Analyst Says ‘Own Commodities’ In 2024

By Piero Cingari

January 8, 11:54 AM

U.S. oil and gas sector stocks fell 3%-4% Monday, alongside a 5% drop in oil and 6% in natural gas prices, amid waning demand and increasing production.

BKR

3 minute read

US Stocks Mixed; Nasdaq Jumps Over 100 Points

By Avi Kapoor

January 8, 11:00 AM

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 100 points on Monday. Following the market opening Monday, the Dow traded down 0.45% to 37,296.85 while the NASDAQ rose 0.75% to 14,632.70. The S&P 500 also rose, gaining, 0.26% to 4,709.31.

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