Commodities
Pan American Silver’s $1.9bn project to deliver silver by 2032
Development of La Colorada Skarn Project in Mexico begins in 2026, with first meaningful output not expected until 2032. Project economics assume $45/oz silver despite current price of $68.80.
Gold breaks above $4,798 after rally to $4,755, targets $4,895
Technical analysis points to further upside after gold’s decisive breakout, with $4,895 as the next major resistance. Support levels and cycle analysis outlined as market eyes U.S. inflation data and Fed commentary.
Nordic Aqua posts record salmon harvest, eyes China expansion
Q2 2026 harvest surged 80% year-over-year to 1,362 tonnes as land-based producer scales up in China. Revenue rose 84% but net loss widened on fair-value adjustments.
Euro yields fall as oil slides despite ECB hawkish signals
German two-year and 10-year Bund yields dropped after Brent crude dropped over 2.5% to near $86 a barrel, offsetting ECB warnings on inflation risks.
European bond yields fall as oil drop offsets ECB hawkish signals
German 10-year Bund yield slips below 3.2% as Brent crude falls over 2.5% on Middle East ceasefire hopes, despite ECB warnings of further rate hikes.
SalMar raises 2026 salmon volume outlook on record harvest
Norwegian salmon producer posts Q2 profit surge as higher harvest volumes offset weaker prices. Full-year volume guidance raised to 350,000 tons.
Putin grants state power to seize critical infrastructure amid drone attacks
Russian president authorizes temporary control of fuel, energy and logistics assets deemed vulnerable to Ukrainian drone strikes. Measures target retail and storage facilities, including Wildberries and Ozon sites.
Gold surges to three-month high after U.S. Treasury buyback expansion
Prices jump 14% in August as expanded Treasury buybacks and potential use of the $950 billion General Account reshape monetary policy expectations.
South32 triples Sierra Gorda ore reserves with 61% rise to 1.1 bln tonnes
Mineral reserve upgrade at Chile’s Sierra Gorda mine extends mine life to 2045 and supports planned processing expansion. South32 holds a 45% stake in the joint venture with KGHM Polska Miedź.
80 Mile unit in Italy secures sustainability certifications for biodiesel plant
Greenswitch's Ferrandina facility gains INS and ISCC certifications, qualifying for Italy's double-counting regime. Commercial production remains on track following final maintenance.
Gold hits three-month high as Treasury intervention, trade risks lift demand
Bullion rises 0.2% as U.S. debt surge and geopolitical tensions underpin safe-haven flows. Brent crude falls 5% on ceasefire report.
European diesel margins fall over 7% as gasoil premium narrows
European diesel cracks dropped sharply as the gasoil-to-Brent spread declined by $5.52 to $70.79 per barrel. Perm refinery closure and U.S. import surge add pressure.
Gold, silver hit multi-month highs; profit-taking risk rises
Precious metals surge to psychologically key levels as U.S. yields fall and dollar softens. Analyst warns of short-term correction risk amid stretched valuations.
Saudi Aramco signs $3.7bn worth of deals with French firms
Saudi Aramco secures procurement contracts for drilling equipment and oil tubular goods, alongside an MoU to explore industrial AI technologies. Total value exceeds $3.7 billion.
Global bond markets steady as U.S. prepares Iran sanctions
Yields on core eurozone and Japanese debt held flat on Monday as Washington readies sweeping financial penalties against Tehran. Brent crude fell 1.5% ahead of the announcement.
Mexico ramps up sterile-fly releases as U.S. reopens cattle trade
Phased resumption of Mexican cattle imports begins with 700 head daily, as authorities boost pest-control measures. New Mexico and Arizona ports to expand in coming months.
Global bond markets stall as U.S. signals new sanctions on Iran
Sovereign debt desks paused trading Monday as Washington prepared fresh economic measures against Tehran. Brent crude fell 1.5% on geopolitical risks.
Natural gas consolidates in $2.76-$2.88 range as traders eye key levels
Technical indicators show muted volatility with price action trapped between the 50- and 200-day moving averages. Traders weigh entry points and risk-reward ratios amid narrow trading bands.
BW Offshore slashes 2026 EBITDA guidance on BW Opal delays
Second-quarter EBITDA rose to $63 million but full-year guidance cut to $250–280 million from $310–340 million after BW Opal schedule shift. Shares fell 11% in premarket trading.
Silver retreats from $70 after testing Fibonacci resistance
Technical indicators show silver facing rejection near key resistance, with momentum cooling after a double-top signal. Traders eye support levels below $69.
Greenland Mines reports rare earth resource at Sarfartoq project
Indicated resource totals 6.9 million tonnes at 1.60% total rare earth oxides. Greenland Mines advances acquisition of Neo North Star Resources to secure project.
TotalEnergies says Strait of Hormuz oil shipments remain profitable despite risks
French energy giant transports crude through the Gulf chokepoint at a premium to Brent prices, offsetting higher shipping costs. Refined product flows remain unviable.
European gas prices surge as reserves decline amid Middle East tensions
TTF month-ahead contract hits near eight-month high as geopolitical risks and falling storage levels tighten Europe's energy outlook.
Oil prices steady as Iran plan fails to sway markets
Bessent's proposed 'D-Day' strategy for Iran fails to trigger volatility in oil markets, with prices holding near recent ranges despite geopolitical risks.