Oil rises on US crude stocks fall and possible delay to OPEC+ hike
LONDON, Sept 5 (Reuters): Oil firmed on Thursday, edging up from multi-month lows on a possible delay to output increases by OPEC+ producers and a decline in U.S. inventories, though the gains were capped by persistent demand concerns.Figures from the American Petroleum Institute (API) showed US crude oil inventories fell...
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West plugs defences as China cranks up aluminium output
LONDON, Sept 5 (Reuters): China's primary aluminium smelters are producing record amounts of metal and the domestic market surplus is spilling out of the country in the form of semi-manufactured products.This sudden acceleration in "semis" exports is rekindling the flames of a long-simmering trade conflict.Western countries have repeatedly accused China...
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Bets on bolder US rate-cutting cycle drive gold up nearly 1pc
LONDON, Sept 5 (Reuters): Gold rose on Thursday fuelled by expectations of a deeper U.S. Federal Reserve rate-cutting cycle, which is widely expected to start this month.Spot gold was up 0.9 per cent at $2,516.18 per ounce by 0926 GMT. The bullion hit a record high of $2,531.60 on Aug....
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Airbus, Rolls to break silence to airlines on Cathay Pacific A350 engine incident
PARIS, Sept 5 (Reuters): Airbus and Rolls-Royce are preparing to brief airlines on the fallout from an engine emergency that prompted Cathay Pacific to review its fleet of A350s as pressure from airlines mounts for clarity, two people familiar with the matter said.Barring fresh evidence as investigators examine the fuel...
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Harmony targets first copper from Australia mine by 2028
South Africa's Harmony Goldexpects to start producing copper from its Australian mining project by 2028, the company said on Thursday, as it diversifies into the key decarbonisation metal, reports Reuters.Harmony acquired the Eva Copper project in Queensland in 2022 to diversify away from gold and is in the process of...
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