News | Latest Breaking News Stories & Headlines

Cocoa nearly tripled in price over 2024, far outpacing gains in other commodities

Cocoa tops global commodities rally for second year

Cocoa and coffee are poised to close 2024 as the biggest gainers among commodities for a second year on a global supply deficit, while steel-making coal will end as the worst performer, hit by slow growth in China.

Business • 31 Dec 24

Glencore posts first annual loss in four years

Glencore has today reported its first annual net loss since 2015 after writing down $2.8 billion in coal, oil and copper assets.

Business • 18 Feb 20

Alcoa's results were hit by a 40% drop in alumna prices and a 26% decline in aluminium prices

Alcoa cuts jobs as earnings fall

US aluminium giant Alcoa reported a steep drop in first-quarter earnings on tumbling aluminium prices last night as it announced it was cutting as many as 2,000 jobs.

Business • 12 Apr 16

Global miner BPH Billiton reports its first loss in more than 16 years

BHP Billiton posts $5.67 billion net loss

Top global miner BHP Billiton cut its interim dividend by 75%, abandoning a long-held policy of steady or higher payouts as it braces for a longer-than-expected commodities downturn.

Business • 23 Feb 16

Chinese imports slump almost 18% in September

China imports slump on weak commodities prices

Chinese imports slumped nearly 18% last month, official figures showed today.

Business • 13 Oct 15

Glencore said last week it would slash its zinc output by a third

Glencore may sell some Australia, Chile assets

Glencore said it would announce the proposed sale of some assets in Australia and Chile, in the latest move to slash its debt pile.

Business • 12 Oct 15

WTO is now forecasting trade growth this year of 2.8%, down from an earlier forecast of 3.3%

WTO cuts global trade growth forecasts

The World Trade Organisation today cut its forecast for growth in global trade due to emerging markets slowing.

Business • 30 Sep 15

Glencore shares are down almost 60% this week

Glencore to cut debt amid commodity market slump

Mining and trading company Glencore today acknowledged the severity of the global commodity market slump as it suspended dividends.

Business • 07 Sep 15

Reserve Bank of Australia keeps rates at 2.25%

Australia central bank leaves rates at 2.25%

Australia's central bank left interest rates unchanged at 2.25% today, but gave a clear signal that further easing was on the cards to help drive down the dollar and spur the economy.

Business • 03 Mar 15

Bank of England aware of the impact of the Ukraine crisis on global commodity prices

BoE warns of Ukraine impact on commodities

The Bank of England has warned about the impact of the Ukraine crisis on global commodity prices, minutes of their last policy meeting showed today.

Business • 19 Mar 14

Traders cautiously return to buying certain key commodities after big sell-offs last week

Oil rises as traders move back into commodities

The price of oil rose modestly above $88 a barrel today as traders returned to commodities after big sell-offs last week.

Business • 22 Apr 13

Glencore reports solid growth as prices fall

Glencore International said its metals, coal and agricultural production have risen as prices for many of the world's most valuable commodities continue to fall.

Business • 01 Nov 12

Commodities