Category: Commodities

Nemaska Lithium Terminates Multi-Year Supply Agreement with Livent Corporation
March 11, 2019 No Responses

Nemaska Lithium Terminates Multi-Year Supply Agreement with Livent Corporation

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 tonnes in...
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FMC Corporation Reports Full Year 2018 and Fourth Quarter Financial Results
March 11, 2019 No Responses

FMC Corporation Reports Full Year 2018 and Fourth Quarter Financial Results

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...
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Marathon Oil Has Set a $2.4-billion Capital Budget for This Year
March 11, 2019 No Responses

Marathon Oil Has Set a $2.4-billion Capital Budget for This Year

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....
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Cleveland-Cliffs Inc. Appoints New Chief Financial Officer
March 11, 2019 No Responses

Cleveland-Cliffs Inc. Appoints New Chief Financial Officer

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...
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Alcoa Reports Fourth Quarter and Full Year Financial Results
March 11, 2019 No Responses

Alcoa Reports Fourth Quarter and Full Year Financial Results

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...
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Glencore is Cutting Production at Major Copper Cobalt Mine in the Congo
March 11, 2019 No Responses

Glencore is Cutting Production at Major Copper Cobalt Mine in the Congo

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...
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ExxonMobil Shares Explode on Strong Earnings Report
March 11, 2019 No Responses

ExxonMobil Shares Explode on Strong Earnings Report

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...
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Occidental Petroleum Corp. To Spend $4.5 Billion This Year
March 8, 2019 No Responses

Occidental Petroleum Corp. To Spend $4.5 Billion This Year

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...
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Bitcoin Exchange Coinbase Acquires Blockchain Intelligence Startup Neutrino
March 8, 2019 No Responses

Bitcoin Exchange Coinbase Acquires Blockchain Intelligence Startup Neutrino

U.S.-based digital asset platform Coinbase has acquired Neutrino, a blockchain intelligence startup that is a rival to Chainalysis. There were no details about the cost of the acquisition, but the move was in Coinbase’s effort to enhance its compliance e...
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