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Australia's Prime Minister Anthony Albanese said on Saturday the removal of Chinese tariffs on Australian wine would be on the agenda when he meets China's Foreign Minister Wang Yi next week in Canberra.

The Federal Aviation Administration is investigating how a United Airlines Boeing 737-800 lost an external panel before landing safely in Oregon Friday.

Thodsapol Hongtong is enjoying a smoke with his friends at the "Green Party", a venue where recreational cannabis enthusiasts meet in the Thai capital Bangkok to chat and have a good time. But it's a pastime that may be coming to an end.

FXEmpire.com - Natural gas got hammered today with bearish price action following yesterday’s one-day bullish reversal. Following an outside day yesterday and strong close that tested resistance at the 20-Day MA, natural gas encountered resistance today near that line following t

Large speculators trimmed their net short position in Chicago Board of Trade corn futures in the week to March 12, regulatory data released on Friday showed.

In a bid to cope with a raw materials shortage and underperforming plants, top copper smelters in China collectively agreed to cut production in a Beijing meeting this week. Sources with personal knowledge of the matter said that the volume of cutbacks will rely on each smelter’s individual assessments, as no specific rates have been imposed. Following a statement from the smelters, copper futures trimmed their gains after surging 3.1 percent on Wednesday to cap 11-month high, as investors speculated on a decrease in global supply. Smelters in China, the world's leading refined copper producer and consumer, are facing a critical situation. The collapse of treatment and refining charges to single figures has prompted companies to convene discussions on how to manage production, considering their reliance on imported raw materials. Notably, there has been a rapid decline in treatment and refining charges this month, with copper concentrate trading at levels over 90 percent lower in the spot market compared to six months ago. This steep decline indicates significant pressure on margins or even losses for smelters, as they receive substantially lower compensation for their services. In addition, satellite data from London shows that China's smelters experienced an 8.3 percent decrease in activity this year compared to a 4.8 percent decline during the same period last year. David Wilson, a senior commodity strategist at BNP Paribas, emphasized that while the plunge in fees has been driven significantly by the rapid expansion of copper smelting capacity not only in China but also in India and Indonesia. “This has less to do with a lack of mine-supply growth, and more to do with an excess of smelting capacity,” explained Wilson in a statement to Bloomberg. “That overhang of smelting capacity isn’t something that’s going to be particularly helpful for the copper price.” Many experts believe copper has a strong long-term outlook, but global recession concerns have until recently tempered short-term forecasts. However, the late 2023 closure of the Cobre Panama mine, which was a significant producer, has impacted short-term projections, with some market watchers now predicting a potential copper deficit by late 2024. Copper is used largely for industrial purposes, but its role in the energy transition is beginning to add another layer of demand, particularly from sectors like power generation and electric vehicles. With ambitious climate goals driving renewable energy adoption, the need for copper in infrastructure development is expected to grow substantially.Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

In a bid to cope with a raw materials shortage and underperforming plants, top copper smelters in China collectively agreed to cut production in a Beijing meeting this week.Sources with personal knowledge of the matter told Reuters that the amount of cutbacks will rely on each smelter’s individual assessments, as no specific rates or volumes have been imposed.The news spurred copper prices upward, with the cash contract on the London Metal Exchange closing Friday (March 15) at US$8,790 per metric ton (MT) after beginning the week at the US$8,520 level. The increase of just over 3 percent took prices for the base metal to heights not seen since last April. China is the world's leading refined copper producer and consumer, and its smelters are facing a critical situation, with treatment and refining charges (TC/RCs) having reached single figures. TC/RCs are the fees miners pay smelters to convert copper concentrate to copper cathode, and they tend to fall when copper concentrate supply runs short. That's because smelters reduce TC/RCs to be more competitive when less material is available. However, lowering TC/RCs places margin pressure on smelters and can even leave them in the red as they receive lower compensation.David Wilson, senior commodity strategist at BNP Paribas (OTCQX:BNPQF,EPA:BNP), told Bloomberg the plunge in fees has been driven by the rapid expansion of copper-smelting capacity not only in China, but also in India and Indonesia. “This has less to do with a lack of mine-supply growth, and more to do with an excess of smelting capacity,” he said. “That overhang of smelting capacity isn’t something that’s going to be particularly helpful for the copper price.”Until recently, global recession concerns have tempered experts' short-term forecasts for copper. However, the late 2023 closure of First Quantum Minerals' (TSX:FM,OTC Pink:FQVLF) Cobre Panama mine, which was a significant producer, has impacted short-term projections, with some market watchers now predicting a potential copper deficit by late 2024.Copper is used largely for industrial purposes, but its role in the energy transition is beginning to add another layer of demand, particularly from sectors like power generation and electric vehicles. With ambitious climate goals driving renewable energy adoption, the need for copper in infrastructure development is expected to grow substantially.Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

ICE cocoa futures rose on Friday, as dealers worried about tightening supplies after Reuters earlier reported that major cocoa plants in top producers Ivory Coast and Ghana had stopped or cut processing because they could not afford to buy beans.

U.S. Vice President Kamala Harris on Friday said "nobody should have to go to jail for smoking weed," as she met to discuss the topic with rapper Fat Joe and others pardoned for marijuana convictions.

FXEmpire.com - Natural Gas Natural Gas 150324 Daily Chart Natural gas is losing ground as bulls did not find positive catalysts to continue the rebound.

United Sugar, Domino’s and other major producers were accused in a new Manhattan federal lawsuit of artificially inflating the price of granulated sugar, forcing buyers to pay more for the sweetener in a market valued at more than $13 billion.

The U.S. Federal Aviation Administration said on Friday it will convene a board of experts to review Boeing's planned guidance to 787 Dreamliner operators to check flight deck switches after a sudden mid-air dive by a LATAM Airlines 787 plane left more than 50 people injured.

FXEmpire.com - Gold Gold 150324 Daily Chart Gold is mostly flat as traders focus on stronger dollar and rising Treasury yields.

Canada holds a significant presence in the global resource sector, but a recent KPMG survey shows mining leaders agree more work needs to be done if the country wants to be an industry leader in critical minerals. While 91 percent of those polled are optimistic about the nation’s potential to become a key critical minerals player, a similarly overwhelming majority — or 98 percent of respondents — believe that much effort is needed to put Canada at the forefront. They'd like to see more investment and government commitment, as well as favorable tax policies. Canada's current Critical Minerals Strategy While the mining leaders surveyed by KPMG want to see more action from Canada when it comes to critical minerals, the country has been advancing its Critical Minerals Strategy since its implementation in December 2022. With substantial governmental backing worth nearly C$4 billion over eight years, notable milestones attained so far include the launch of the C$1.5 billion Critical Minerals Infrastructure Fund, which is aimed at fortifying clean energy and transportation infrastructure. Two critical minerals projects have also been allocated C$249 million. Outside critical minerals, Canada is the primary producer of potash worldwide, as well as a top five producer of commodities like diamonds, gemstones, gold, titanium concentrate and uranium. Canadian miners say decarbonization is a key challenge Despite those efforts, the KPMG survey shows mining leaders are looking for more support from Canada. The respondents described decarbonization as a paramount challenge confronting Canadian mining companies. They anticipate that due to heightened investor scrutiny, it will be key to focus on carbon-cutting initiatives moving forward.At this point, only 23 percent of the companies surveyed have committed formally to achieving all scope-related carbon emissions reductions by 2050 or earlier. While more companies are looking to engage in long-term commitments, the mining leaders KPMG surveyed said the lack of domestic refining capacity is making this goal harder to achieve.In addition, the reduction of Scope 3 emissions poses a more complex problem unless Canada invests more in local smelting and refining capacities. While Scope 1 and 2 emissions directly come from company-driven processes, Scope 3 emissions are unowned and indirect emissions that are produced across the company's value chain.Due to Canada's limited capacity for domestic smelting or refining critical minerals, baseline emissions become harder to monitor and reduce for companies. KPMG Partner and National Mining Leader Heather Cheeseman explained in the firm's press release how this deficiency poses a handicap for local companies."Because Canada has relatively little smelting or refining capacity for most critical minerals, the intermediary minerals Canada produces are shipped to smelters around the world. Until Canada has the capacity to smelt or refine what's mined here, the miners will be limited in what they can do,” she said. Tax credit concerns top of mind for Canadian miners KPMG also asked survey respondents about Canada's Critical Mineral Exploration Tax Credit (CMETC). Although it has facilitated financing for critical minerals exploration, the mining leaders said its complexity and limited applications have raised concerns regarding its actual benefits.For example, the CMETC applies only to 15 of the 31 critical minerals listed in Canada.KPMG also found that survey respondents have growing concerns about the potential non-renewal of the 15 percent federal Mineral Exploration Tax Credit in the 2024 budget. This credit incentivizes exploration targeting critical minerals excluded from the CMETC, as well as other non-critical minerals such as gold and silver. ​Investor takeaway Despite Canada's established position in the mining sector, there is untapped growth that awaits behind a wall of challenges. Mining leaders hope that through concerted efforts, Canada can realize its potential as a global leader within the critical minerals industry, and are looking for strong government support in several areas. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Chicago Board of Trade (CBOT) wheat and soybean futures fell on Friday as plentiful global supplies and weak demand anchored the market.

FXEmpire.com - Natural Gas Weekly Technical Analysis The natural gas weekly chart has shown a negative candle for the week as we continue to bounce around the bottom. At this point though, we are so low and at such a significant barrier that I do think longer term buy and hold ty

Boeing said Friday it told airlines operating 787 Dreamliners to check flight deck switches after a sudden mid-air dive by a LATAM Airlines 787 plane left more than 50 people injured.

The UK wheat area for this summer's harvest is expected to be its smallest since 2020 following heavy rainfall during autumn and winter, Britain's Agriculture and Horticulture Development Board said on Friday.

Peru's economy grew in January, the government's INEI statistics agency said on Friday, fueling hopes the Andean nation can emerge from a stubborn recession this year.

In trading on Friday, shares of Sandstorm Gold Ltd (Symbol: SAND) crossed above their 200 day moving average of $4.91, changing hands as high as $5.00 per share. Sandstorm Gold Ltd shares are currently trading up about 1.6% on the day. The chart below shows the one year perfor