Basic Materials Roundup: Market Talk

Updated Nov. 10, 2023 5:23 pm ET The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1405 ET – Wheaton Precious Metals missed on adjusted earnings, but only due to timing of sales. National Bank of Canada’s Shane Nagle says in a report … Read more

The Electric-Car Era Needs a Lot of Really Big Trees

Demand for utility poles is high due to infrastructure spending and grid upgrades.

U.K. Hits Russian Gold, Oil Sectors With New Sanctions Package

The U.K. government has sanctioned 29 entities and individuals operating in and supporting Russia’s gold and oil sectors, in an effort to cut off revenue streams funding its war in Ukraine. Entities sanctioned Wednesday include Nord Gold and Highland Gold Mining, two of the largest producers of Russian gold, and Paloma Precious DMCC, a United … Read more

Basic Materials Roundup: Market Talk

The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0937 ET – Antofagasta’s outlook looks improved on a combination of external events, including risks to 2024 copper balances, resilient demand from China and the pausing of the Federal Reserve’s interest rate hikes, RBC … Read more

IFF to Sell Cosmetics Ingredients Unit to Clariant for $810 Million

Updated Oct. 30, 2023 2:02 am ET Swiss chemicals company Clariant AG will buy a cosmetic ingredients unit of International Flavors & Fragrances Inc. for $810 million. New York-based IFF said Monday that it would use proceeds from the deal to reduce debt, consistent with previously announced plans to strengthen its capital structure. Copyright ©2023 … Read more

Basic Materials Roundup: Market Talk

Rio Tinto, Suncor and more in the latest Market Talks covering Basic Materials.

The Rare Indicator That's Still Optimistic About China's Property Market

Iron ore’s price has risen more than 20% since late May, outperforming metals such as copper and gold. Source link

Rio Tinto Backs Pilbara Outlook

Rio Tinto kept its guidance to cost and shipments for Pilbara unchanged for 2023 and targeted shipments of 323-338 million tons for next year. Source link

Basic Materials Roundup: Market Talk

Anglo American, Ferrexpo and more in the latest Market Talks covering Basic Materials. Source link

Shell Production Volumes to Meet Targets

Shell expects to report production of 880,000-920,000 oil-equivalent barrels a day of integrated gas for the third quarter, and said it expected earnings to be boosted by stronger gas and chemical trading. Source link