Category: Commodities

Canadian-based Namaska Lithium announced that it has terminated its multi-year supply agreement with Livent Corporation. According to the press release from Namaska Lithium, the Supply Agreement pertains to the provision of up to 8,000 tonnes per year (28,000 ...

Chemical maker FMC Corporation reported fourth quarter financial results as well as full year financial results recently. The company said it saw profits hit $32.4 million or 24 cents per share in fourth-quarter 2018. This is compared to $530.1 million...

Marathon Oil has set a $2.4 billion development capital budget for 2019 with 95% of the funds to be allocated 60-40 to the four US resource plays. These plays are Eagle Ford and Bakken, and Oklahoma and Northern Delaware, respectively....

Iron-ore miner Cleveland-Cliffs Inc. has announced a new chief financial officer. The company has landed the finance chief of metals service center Metals USA Holdings Corp., Keith Koci. Koci will be succeeding Timothy Flanagan, who is leaving the mining compa...

The world’s eighth largest producer of aluminum, Alcoa, reported fourth quarter and full year results recently. For the fourth quarter, Alcoa reported net income of $43 million, or $0.23 per share. This is compared to a net loss of $41...

Anglo–Swiss multinational commodity trading and mining company Glencore has announced that it intends to slash around 2,000 employees from the Congolese mine, the world’s most prolific producer of cobalt. According to sources close to the situation who...

Shares of Exxon Mobil Corp. were skyrocketing over 3% earlier this month ahead of the bell, when the oil giant reported fourth quarter financial results. For the quarter, Exxon Mobil reported a profit that came ahead of expectations, but revenue...

Houston-based Occidental Petroleum Corp. is planning to cut back $500 million on its spending this year. The company said it plans to spend $4.5 billion in 2019. “By maximizing efficiencies, we are reducing spending to adjust to a lower oil...