London cocoa futures on ICE consolidated near record highs on Friday following disappointing data on demand in North America, while robusta coffee hit 3-1/2-week peaks as dealers await beans from Vietnam's harvest.
Businesses ranging from airlines to auto parts makers are starting to feel the heat from the month-long strike by hourly workers at the Detroit Three automakers, with analysts warning that the financial hit could increase if the walkout does not end soon.
China's strategic reserve organization is expected to buy 3,100 metric tons of cobalt, two people briefed on the matter said, as Beijing builds up stockpiles of the strategic material used in batteries and aerospace.
China's strategic reserve organisation is expected to buy 3,100 metric tons of cobalt, two people briefed on the matter said, as Beijing builds up stockpiles of the strategic material used in batteries and aerospace.
Copper prices probed lower on Friday, weighed down by worries about high interest rates, sluggish global growth and lack of additional stimulus in top metals consumer China.
London cocoa futures on ICE consolidated near record highs on Friday following disappointing data on demand in north America, while robusta coffee hit 3-1/2 week peaks as dealers await beans from Vietnam's harvest.
Chicago soybeans edged lower on Friday but the market was on track for a second weekly gain as a drought in Brazil, the world's No. 1 exporter, supported prices despite ample supplies from newly harvested U.S. crop entering the market.
Cargo surveyor Societe Generale de Surveillance (SGS) estimates exports of Malaysian palm oil products for October 1-20 at 934,014 metric tons, according to LSEG.
Global primary aluminium output in September rose 2.7% year on year to 5.871 million tonnes, data from the International Aluminium Institute (IAI) showed on Friday.
The European Union and the United States could reach a deal on critical minerals over the coming weeks or months despite their failure to agree an accord on steel and aluminium, French Trade Minister Olivier Becht said on Friday.
Japan's Hokuriku Electric Power aims to restart the No.2 reactor of its Shika nuclear power station in early 2026 to ensure a stable supply of electricity and improve its financial health, its president said on Friday.
Swiss agrichemicals and seeds group Syngenta on Friday named a company insider as its new chief executive to replace Erik Fyrwald, who is retiring after nearly eight years in charge.
Swedish mining and smelting group Boliden reported on Friday a slightly bigger than expected fall in third-quarter operating profit as metal prices and sales volumes fell amid weak economic activity.
Recent rains across key Australian wheat growing areas are likely to increase yields, adding several million tons to a crop that had been hit by dry weather and boosting the global supply outlook, analysts said.
Reuters
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