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Proposed rail mergers, corporate shifts and large inventories are creating significant uncertainty in the crossties railroad market. Learn more.
Copper in concentrate production from Ivanhoe Mines’ Kamoa-Kakula complex in the Democratic Republic of Congo (DRC) fell to 61,906 tonnes in the first quarter, down by 54% from 133,120 tonnes a year earlier, with the company now evaluating local third-party concentrate purchases to advance the ramp-up of its on-site smelter, according to an April 13 production release as the market focused its attention on the impact of global sulfuric acid shortages during CESCO Week in Chile from April 13-17.
Malaysia’s palm oil exports totaled 580,018 tonnes during April 1-15, down by 324,724 tonnes or 35.89% from 904,742 tonnes shipped during the same period a month ago, according to data from cargo surveyor Intertek Testing Services (ITS).
Soyoil futures surged on the Chicago Mercantile Exchange on Thursday April 16, supported by soaring crude oil prices, tight domestic soybean markets and no biomass-based biodiesel imports reported for March, while crude palm oil (CPO) futures help broadly unchanged in Malaysia.
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