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Glencore’s Ambitious Emission Reduction Goals Glencore’s Ambitious Emission Reduction Goals

Glencore, in a move mirroring its earlier climate strategy but now imbued with a definitive target, has announced a bold plan to slash emissions by 25% by 2030. This decision, as per CEO Gary Nagle, arises from a diverse array of influences, including...

The Golden Surge: Market Leans Towards June Rate Cut as Gold Hits New Highs

Market Sentiment and Analyst Forecasts Gold prices are on the rise, with experts like Ryan McKay from TD Securities and Phillip Streible from Blue Line Futures predicting further increases. McKay notes that historical patterns suggest room for growth, while Streible echoes the sentiment, stating...

The Allure of Gold: Sparkling at Two-Month High Amidst Fed Rate Cut Speculations

Manufacturing Conundrum: Uphill Battle for US Economy Recent data unveiled a troubling trend in US factory activity for February, with shrinking orders, production, and employment painting a bleak picture of the sector's struggle for momentum. Consumer Sentiment Wanes: A Nail in the Economic Coffin? Adding to...

Sibanye-Stillwater Implements Job Cuts Amid Market Turbulence

Strategic Decisions Shape Layoffs Sibanye-Stillwater recently announced plans to reduce its workforce by 2,600 jobs in South Africa. The company attributed this downsizing to strategic decisions made in collaboration with various stakeholders. These decisions involved the closure of the Simunye shaft and the continued...

Teck and Oldendorff Lead the Charge with Climate-Friendly Shipping

Ever heard the saying, β€œtwo heads are better than one”? Well, that’s exactly the magic that’s happening here between Teck and Oldendorff. Let me tell you, these two companies mean business when it comes to fighting carbon emissions. Since 2021, they’ve been on...

Codelco Faces Potential Rating Cut by Moody’s amid Mounting Challenges

Moody's has indicated that Codelco, the Chilean state-owned copper mining company, may experience a downgrade in its credit rating. The review for downgrade is based on the expectation that Codelco's production volumes will not see significant improvement in the near future and will...