Commodities
US House appropriations bill includes reinstatement of NASS reports
(Posted on 14/06/24)A House appropriations subcommittee in the USA has approved its Fiscal Year 2025 bill that includes language directing the National Agricultural Statistics Service (NASS) to reinstate all County Estimates for Crops, the July Cattle report and the Cotton Objective Yield Survey.Citing budget constraints, the U.S. Department of Agriculture...
Rio Tinto to acquire Mitsubishi’s stake in Boyne aluminium smelter
(Posted on 14/06/24)Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia.On completion of this transaction, and the recent agreement to acquire Sumitomo Chemical Company’s 2.46% interest in BSL, Rio Tinto&rsquo...
Richards Bay Minerals’ renewable energy agreement
(Posted on 07/06/24)Richards Bay Minerals (RBM) has signed a renewable power purchase agreement (PPA) with Khangela Emoyeni Wind Farm (Pty) Ltd to secure 140MW of wind energy from a new wind farm situated in the Western and Northern Cape Province in South Africa. The project is expected to reduce RBM’s annual carbon emissions by 20%.RBM is a...
Trafigura half year result show core business strength
(Posted on 07/06/24)Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released its 2024 Half Year results for the period ended 31 March 2024."The strength of our business was evident with robust performances from our core divisions," said Jeremy Weir, Trafigura’s Executive Chairman and Chief Executive Officer. &...
New Zealand aluminium smelter’s future secured with power deals
(Posted on 01/06/24)New Zealand Aluminium Smelters (NZAS) has signed 20-year electricity arrangements that secure the future of the Tiwai Point aluminium smelter to continue competitively producing high-purity, low-carbon metal, backed by a diversified mix of renewable electricity from New Zealand’s South Island.NZAS, which owns and operates...
NGFA statement on farm bill advanced by House Ag Committee
(Posted on 31/05/24)The House Agriculture Committee in the USA have advanced a farm bill that includes several important provisions for the grain, feed and processing industry.National Grain and Feed Association (NGFA) President and CEO Mike Seyfert issued the following statement:“NGFA members know that you can’t begin working towards the...
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