News
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China proposes further export curbs on battery, critical minerals tech
BEIJING, Jan 2 (Reuters) - China's commerce ministry is proposing export restrictions on some technology used to make battery components and process critical minerals lithium and gallium, according to a document issued on Thursday.The ministry is seeking comments on these adjustments to its "Catalog...Reuters
Thu, Jan 2
UPDATE 1-U.S. nuclear power plant outages
Adds outages tableJan 2 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW ...Reuters
Thu, Jan 2
METALS-Copper holds near five-month low as weak demand outlook dominates
Updates with official pricesBy Pratima Desai LONDON, Jan 2 (Reuters) - Copper prices hovered around five-month lows as expectations of a deteriorating demand outlook were reinforced by weak manufacturing activity around the world.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0....Reuters
Thu, Jan 2
UPDATE 1-Equinor secures $3 bln financing for U.S. Empire Wind 1 project
Adds detail on financing, farm down from paragraph 2COPENHAGEN, Jan 2 (Reuters) - Norway's Equinor EQNR.OL said on Thursday it had secured a financing package of more than $3 billion for its Empire Wind 1 offshore wind power project in the United States.The company expects the total capital investme...Reuters
Thu, Jan 2
Equinor secures $3 bln financing for U.S. Empire Wind 1 project
COPENHAGEN, Jan 2 (Reuters) - Norway's Equinor EQNR.OL said on Thursday it had secured a financing package of more than $3 billion for its Empire Wind 1 project in the United States. (Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik) ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;)...Reuters
Thu, Jan 2
Morgan Stanley to leave sector climate coalition
LONDON, Jan 2 (Reuters) - Investment bank Morgan Stanley MS.N said on Thursday it had decided to leave the Net-Zero Banking Alliance, becoming the latest U.S. lender to quit the sector's top global climate coalition.While the bank gave no reason for its decision, top banks have been under pressure f...Reuters
Thu, Jan 2
Cobalt miner Jervois in rescue deal after struggle to compete with China
By Eric Onstad LONDON, Jan 2 (Reuters) - A collapse in the price of battery metal cobalt has forced fledging producer Jervois Global Ltd JRV.AX to delist and reorganise, the firm said on Thursday, after struggling for years to compete with Chinese rivals.The move highlights a glut in cobalt, a k...Reuters
Thu, Jan 2
BRIEF-Morgan Stanley Has Decided To Leave The Net-Zero Banking Alliance - Bloomberg News
Jan 2 (Reuters) - MORGAN STANLEY HAS DECIDED TO LEAVE THE NET-ZERO BANKING ALLIANCE - BLOOMBERG NEWSSource text: https://tinyurl.com/23sft8pxFurther company coverage: MS.N ((Reuters.Briefs@thomsonreuters.com;))Reuters
Thu, Jan 2
Fire extinguished at Valero's Three Rivers refinery on Jan 1, local media reports
Jan 2 (Reuters) - A large fire was extinguished at Valero's 89,000 barrel per day Three Rivers refinery in Texas on Wednesday evening, local media reported.No injuries were reported and details on how the fire started and the extent of any damage remains unknown, the reports said.A Valero representa...Reuters
Thu, Jan 2
UPDATE 4-Oil prices rise on China optimism as investors return after holiday
Weaker than expected Chinese data raises hopes of further stimulusVolumes remain thin on first trading day of the yearInvestors await US manufacturing data and oil inventoriesUpdates pricesBy Anna Hirtenstein LONDON, Jan 2 (Reuters) - Oil prices rose on Thursday as investors returned for the firs...Reuters
Thu, Jan 2
UPDATE 3-In Norway, nearly all new cars sold in 2024 were fully electric
EVs accounted for 89% of new car sales in 2024 vs 82% in 2023Strong take-up made possible by mix of incentives and taxesPolicy consistent over timeNo automotive lobby in Norway to oppose extra taxesAdds Chinese EV sales in paragraph 3By Nerijus Adomaitis OSLO, Jan 2 (Reuters) - Nine out of ten ne...Reuters
Thu, Jan 2
REFILE-UPDATE 1-US dockworkers, employer group to restart talks next week, Bloomberg News reports
Corrects syntax in paragraph 2 Jan 2 (Reuters) - The International Longshoremen's Association and the United States Maritime Alliance (USMX) are set to resume contract talks on Jan. 7, Bloomberg news reported on Thursday, citing a person familiar with the matter.Talks between the ILA, which repre...Reuters
Thu, Jan 2
METALS-Copper holds near five-month low as weak demand outlook dominates
Recasts, adds comment and changes dateline from ShanghaiBy Pratima Desai LONDON, Jan 2 (Reuters) - Copper prices hovered around five-month lows as expectations of a deteriorating demand outlook were reinforced by weak manufacturing activity around the world, offsetting support from a weaker dolla...Reuters
Thu, Jan 2
UPDATE 2-In Norway, nearly all new cars sold in 2024 were fully electric
EVs made up 89% of new car sales in 2024 vs 82% in 2023Made possible by mix of incentives and taxesPolicy consistent over timeNo automotive lobby in Norway to oppose extra taxesAdds quotes from auto importer, EV association, driver, fuel retailer, data in paragraphs 4-20; adds bullet points, graphic...Reuters
Thu, Jan 2
In Norway, nearly all new cars sold in 2024 were fully electric
OSLO, Jan 2 (Reuters) - Nine out of ten new cars sold in Norway last year were powered by battery only, registration data showed on Thursday, placing the country within reach of its target of only adding cars that are electric on the road by 2025.EVs could overtake petrol cars in Norway by end-2024 ...Reuters
Thu, Jan 2
PRECIOUS-Gold gains as market considers Trump impact on Fed outlook
Bullion rose more than 27% in 2024Gold could register another year of gains in 2025, analyst saysTrump trade policies could stoke inflationUpdates pricesBy Anjana Anil Jan 2 (Reuters) - Gold prices rose on Thursday, extending gains from 2024 as investors weighed potential shifts in the U.S. Feder...Reuters
Thu, Jan 2
US dockworkers, port employers set to restart talks on Jan 7, Bloomberg News reports
Jan 2 (Reuters) - Leaders from U.S. dockworkers' union the International Longshoremen’s Association and the group that represents their employers are set to resume contract talks on Jan. 7 as the threat of a strike looms, the Bloomberg News reported on Thursday, citing a person familiar with the mat...Reuters
Thu, Jan 2
Singapore fuel oil stockpiles dip but hold above 20 mln barrels
By Jeslyn LerhSINGAPORE, Jan 2 (Reuters) - Singapore onshore fuel oil storage volumes dropped slightly from the previous week but remained well above 20 million barrels amid strong inflows from Russia and the United Arab Emirates, official data showed on Thursday. Residue inventories STKRS-SIN were ...Reuters
Thu, Jan 2
PRECIOUS-Gold extends gains into New Year as traders brace for Trump policies
Bullion rose over 27% in 2024Gold likely to remain bullish in 2025 - analystTraders expect Fed to proceed cautiously with rate cuts in 2025Updates with mid-session tradingBy Daksh Grover Jan 2 (Reuters) - Gold prices rose on Thursday, keeping up the momentum from a positive end to record-breaking...Reuters
Thu, Jan 2
METALS-Base metals start 2025 on a mixed note as dollar wobbles
Update pricesBy Violet Li and Mei Mei Chu SHANGHAI, Jan 2 (Reuters) - Most base metals were mixed on Thursday, the first trading day of 2025, buoyed by a wobbling U.S. dollar, which made it cheaper for holders of other currencies to buy greenback-priced commodities.The U.S. dollar, after a strong...Reuters
Thu, Jan 2
