Nasdaq Commodities

Zinc prices slid on Wednesday to hit their lowest in more than three weeks, as a firm dollar and weakening demand from the steel sector weighed on the market.

Malaysian palm oil futures fell for a second straight session on Wednesday, ahead of a market holiday, on weaker rival edible and crude oil prices, although a weaker ringgit limited losses.

Chicago wheat futures retreated on Wednesday towards 3-1/2-year lows as traders dismissed concerns that exports from top supplier Russia would be disrupted.

Chile's government on Tuesday named the country's Atacama and Maricunga salt flats as areas where the state will have majority control in public-private partnerships for lithium extraction.

Canada's main share index ended steady on Tuesday, as gains in healthcare stocks were offset by losses in energy stocks, while Canada Goose shares fell 7% after the company announced plans to cut 17% of its workforce to rein in costs.

Copper has become a hot topic due to its role in the green energy transition and its necessity for urbanization. However, the lack of incoming supply in the long-term has experts concerned.The term “peak copper” was coined because some experts believe that copper reserves may be diminishing; as a result, it’s prudent to know the top copper reserves by country when considering investing in the mining industry.The Copper Development Association pegs current known worldwide copper ore resources at nearly 5.8 trillion pounds, of which only about 0.7 trillion pounds, or 12 percent, have been mined throughout history. Plus, nearly all of that mined copper is still in circulation, as the red metal’s recycling rate is higher than that of any other engineering metal.With that in mind, what are the biggest copper reserves by country? According to the most recent data from the US Geological Survey, the countries with the largest copper coffers are Chile, Peru, Australia, Russia and the Democratic Republic of the Congo. Read on to learn more about these copper kingpins. 1. Chile Copper reserves: 190 million MTChile has the largest copper reserves of any country by far, with 190 million metric tons (MT) as of 2023. Chile’s reserves guarantee copper production for roughly the next 100 years at the current extraction rate.Chile is also the world’s largest copper producer, having produced some 5 million MT of copper from mines in 2023. BHP’s (ASX:BHP,LSE:BHP,NYSE:BHP) Escondida is the largest copper-producing mine in the world, and supply disruptions at the site — for example, due to wage negotiations — can also affect copper prices.Copper plays a significant role in the Chilean economy, with an estimated 20 percent of the nation’s gross domestic product attributed to copper production. While elevated prices in recent years were a boon for the country, economic and real estate troubles in China, a major importer of Chilean copper, has impacted the Latin American country. 2. Peru Copper reserves: 120 million MTPeru holds 120 million MT, or 12 percent, of the world’s copper reserves. In 2023, the country maintained its position as the second largest producer (tied with the Democratic Republic of Congo), with national copper output of 2.6 million MT. Peru’s largest copper reserves can be found at the Antamina, Toquepala, Cerro Verde, Cuajone and Tintaya mines. Antamina mine is Peru's largest copper mine, and it's operated by Antamina, a joint venture owned by BHP, Glencore (LSE:GLEN,OTC Pink:GLNCF), Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) and Mitsubishi (TSE:8058). Southern Copper (NYSE:SCCO) operates the Toquepala and Cuajone mines, Freeport-McMoRan (NYSE:FCX) operates Cerro Verde in Arequipa and Glencore operates the Tintaya mine. 3. Australia Copper reserves: 100 million MTAt 100 million MT, Australia has the third largest copper reserves, housing around 10 percent of global reserves. However, its output is much lower than the top two countries, with 810,000 MT mined in 2023. According to the Australian government’s copper fact sheet, the nation’s copper resources are largely concentrated at the Olympic Dam copper-uranium-gold deposit in South Australia and at the Mount Isa copper-lead-zinc deposit in Queensland. Other important copper resources in the country are at the Northparkes copper-gold, CSA copper-lead-zinc and Girilambone copper deposits in New South Wales; the Ernest Henry, Osborne and Mammoth copper and copper-gold deposits at Selwyn in Queensland; the copper-zinc deposits at Golden Grove; and the Nifty copper deposit in Western Australia. 4. Democratic Republic of Congo Copper reserves: 80 million MTThe Democratic Republic of Congo has seen its copper reserves increase dramatically in recent years to tie with Russia as of 2023. One major copper asset in the DRC is Ivanhoe Mines’ (TSX:IVN,OTCQX:IVPAF) Kamoa-Kakula project, a joint venture the company shares with partner Zijin Mining Group (OTC Pink:ZIJMY,SHA:601899).As more projects are developed, the DRC is on track to eclipse Peru for the number two spot in copper production. In 2023, production in the African country reached 2.5 million MT. 4. Russia Copper reserves: 80 million MTThough the country isn’t particularly known for its copper production, Russia’s status in terms of copper reserves makes it a top global competitor. Its reserves are docketed at 80 million MT, but 2024 production was low, coming in at just 910,000 MT. One of the biggest copper operations in Russia is the Udokan deposit in Siberia, which is currently owned by Udokan Copper, previously named Baikal Mining Company. The deposit made headlines a few years back when it was revealed that the company was looking to raise US$1.25 billion to develop a mining and metallurgical plant at the project. The company successfully launched copper concentrate production at the new plant in September 2023. Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

FXEmpire.com - A bullish reversal triggered today in natural gas as it got back above the 20-Day MA line (purple) and above the most recent interim swing high of 1.77. Further, a weekly bullish reversal was also triggered as last week’s high of 1.77 was exceeded to the upside. If

Over the last week, the US government has unveiled significant investments in clean energy and carbon-reduction initiatives that it believes will be pivotal steps toward a more sustainable future. Two key announcements, spearheaded by the Biden-Harris administration and facilitated by the Department of Energy (DOE), are poised to reshape both the industrial sector and mining communities across the nation.The first announcement, a commitment of up to US$6 billion, is set to cover 33 projects spanning over 20 states. This investment aims to decarbonize energy-intensive industries, including aluminum, cement, chemicals, iron and steel.“The industrial sector contributes nearly one-third of the nation’s overall greenhouse gas emissions,” a statement reads, emphasizing that the highest-emitting industries are being targeted. “This transformative federal investment is matched by the selected projects to leverage more than US$20 billion in total to demonstrate commercial-scale decarbonization solutions needed to move the industrial sector toward net-zero emissions.The funds will be sourced from the Inflation Reduction Act and the Bipartisan Infrastructure Law, which was introduced in 2021 to address gaps in urban and rural development frontiers. The investment is a testament to the administration's dedication to revitalizing manufacturing communities, creating high-quality jobs and combating climate change.The second announcement allocates up to US$475 million to move forward at five clean energy projects located in current and former mining communities in Arizona, Kentucky, Nevada, Pennsylvania and West Virginia.The technologies deployed will range from solar and micro-grids to pumped storage hydropower, fostering economic growth and environmental stewardship in traditionally underserved mining communities.“President Biden believes that the communities that have powered our nation for the past 100 years should power our nation for the next 100 years,” said US Secretary of Energy Jennifer M. Granholm. “Thanks to the President’s Investing in America agenda, DOE is helping deploy clean energy solutions on current and former mine land across the country—supporting jobs and economic development in the areas hit hardest by our evolving energy landscape.”The overarching goal of these investments is twofold: to slash greenhouse gas emissions, as well as strengthen domestic manufacturing while fostering equitable economic development. Together, these initiatives are poised to significantly reduce carbon emissions, targeting a reduction of over 14 million metric tons of carbon dioxide annually.Putting it into perspective, this is equivalent to the net emissions produced by 3 million gasoline-powered cars in a year. By prioritizing the decarbonization of high-emitting industries and promoting clean energy projects on mine lands, the administration is also seeking to create a more resilient and inclusive energy landscape.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.

Grain market analysts predict U.S. corn plantings will fall from last year’s decade high in favor of soybeans, which may present better profitability prospects for farmers.

Over the last week, the US government has unveiled significant investments in clean energy and carbon-reduction initiatives that it believes will be pivotal steps toward a more sustainable future. Two key announcements, spearheaded by the Biden-Harris administration and facilitated by the Department of Energy (DOE), are poised to reshape both the industrial sector and mining communities across the nation.The first announcement, a commitment of up to US$6 billion, is set to cover 33 projects spanning over 20 states. This investment aims to decarbonize energy-intensive industries, including aluminum, cement, chemicals, iron and steel.“The industrial sector contributes nearly one-third of the nation’s overall greenhouse gas emissions,” a statement reads, emphasizing that the highest-emitting industries are being targeted. “This transformative federal investment is matched by the selected projects to leverage more than US$20 billion in total to demonstrate commercial-scale decarbonization solutions needed to move the industrial sector toward net-zero emissions.The funds will be sourced from the Inflation Reduction Act and the Bipartisan Infrastructure Law, which was introduced in 2021 to address gaps in urban and rural development frontiers. The investment is a testament to the administration's dedication to revitalizing manufacturing communities, creating high-quality jobs and combating climate change.The second announcement allocates up to US$475 million to move forward at five clean energy projects located in current and former mining communities in Arizona, Kentucky, Nevada, Pennsylvania and West Virginia.The technologies deployed will range from solar and micro-grids to pumped storage hydropower, fostering economic growth and environmental stewardship in traditionally underserved mining communities.“President Biden believes that the communities that have powered our nation for the past 100 years should power our nation for the next 100 years,” said US Secretary of Energy Jennifer M. Granholm. “Thanks to the President’s Investing in America agenda, DOE is helping deploy clean energy solutions on current and former mine land across the country—supporting jobs and economic development in the areas hit hardest by our evolving energy landscape.”The overarching goal of these investments is twofold: to slash greenhouse gas emissions, as well as strengthen domestic manufacturing while fostering equitable economic development. Together, these initiatives are poised to significantly reduce carbon emissions, targeting a reduction of over 14 million metric tons of carbon dioxide annually.Putting it into perspective, this is equivalent to the net emissions produced by 3 million gasoline-powered cars in a year. By prioritizing the decarbonization of high-emitting industries and promoting clean energy projects on mine lands, the administration is also seeking to create a more resilient and inclusive energy landscape.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.

Cocoa futures in London and New York set record peaks on Tuesday as the market continued its relentless rise while coffee and sugar prices also settled higher.

Chicago Board of Trade (CBOT) wheat futures fell on Tuesday in technical trading, as large Russian supplies, a strong dollar and fading Chinese demand also weighed on the market, analysts said.

The shipping industry is under increasing pressure to decarbonize, but unclear regulatory guidelines, including around what sorts of cleaner fuels large vessels should run, is complicating that path to net zero, according to executives.

FXEmpire.com - Natural Gas Natural Gas 260324 Daily Chart Natural gas prices settled near the $1.80 level as traders switched from April contract to May contract.

Foreign sales of Argentina's famed steaks and other cuts of beef soared last month to reach their highest level in more than five decades, according to official data published on Tuesday, in a rare bright spot for the South American country's ailing economy.

Tod investor Tabor Asset Management has published an open letter calling for an increase in the price offered by L Catterton to buy 36% of the Italian luxury shoemaker, saying the price of 43 euros per share is unfair.

FXEmpire.com - Gold Gold 260324 Daily Chart Gold tested the $2200 level amid rising geopolitical tensions but lost momentum and pulled back.

Chicago Board of Trade (CBOT) wheat futures fell on Tuesday in technical trading, as large Russian supplies, a strong dollar and fading Chinese demand weighed on the market, analysts said.

Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 22.8 million metric tons by March 23, down 2% compared with 23.2 million a year earlier, data published by the European Commission showed on Tuesday.

ASR Group, the largest sugar company in the United States, has six to eight weeks of raw sugar stocks at its Baltimore sugar refinery which is supplied by vessels coming to the Port of Baltimore, the company said in a statement on Tuesday.