Latest Commodity News

Guldbrev Holding, a Swedish gold trading platform, debuted on the Nasdaq First North exchange at 20.5 Swedish crowns ($2.15) per share, slightly above its IPO price of 20 crowns. The IPO was heavily oversubscribed, highlighting strong investor interest in the company as gold prices surge.

The price of gold hit a record $4,000 an ounce in early October, as geopolitical uncertainties have driven investors towards the precious metal. This surge has positively impacted shares of gold companies, including Guldbrev, which plans to distribute a significant portion of its annual net profits to shareholders.

Guldbrev primarily operates digitally in the Nordic region, focusing on purchasing and recycling gold jewelry from consumers. The platform allows customers to send their gold items for evaluation, with payments made through bank transfers or instant payments. The company aims to expand into continental Europe after successfully doubling its revenue from 2022 to 2024, without major investment needs in its core operations.

Chinese rare earth magnet manufacturers are currently experiencing increased scrutiny during the export license application process. Since September, the approvals for licenses have become more complicated, resulting in longer wait times for companies trying to ship magnets. This shift appears to contradict China's earlier commitments to expedite exports amid a trade truce with the U.S. last May, raising concerns among manufacturers about the potential throttling of magnet shipments.

Sources indicate that as applications for export licenses are frequently returned with requests for additional information, the review process is mirroring the prolonged scrutiny seen during the peak of the U.S.-China trade war in April. Even though approvals are still being processed within a 45-business-day deadline, the added scrutiny has led to delays, creating worries about potential shortages, particularly in automotive manufacturing.

Statistics reveal that China's rare earth exports fell by 31% in September, although it is unclear how much of this decline relates specifically to magnet products. The tightening of export controls by China has raised alarms in the U.S., prompting discussions of new tariffs and retaliatory measures. Amid these developments, foreign clients are rushing to place orders before the new rules come into effect on November 8, indicating a heightened urgency in the rare earth market.

Shell and Sunlink Energies and Resources Ltd have made a final investment decision for the HI gas project located offshore Nigeria. This decision indicates a significant commitment to the energy sector in this region.

Once the project is completed, it is projected to supply 350 million standard cubic feet of gas per day at peak production. This gas will be delivered to Nigeria LNG, a company engaged in the production and exportation of liquefied natural gas to global markets.

The start of production from the HI gas project is expected before the end of the decade, further enhancing Nigeria's role in the global energy market.

Novatek, a Russian company, is loading a new liquefied natural gas (LNG) cargo from its Arctic LNG 2 facility, which is notable as it is under significant sanctions. This marks the tenth cargo shipment since June, signaling resilience in the face of punitive measures imposed by the Biden administration and the European Union aimed at stifling Russia's energy sector.

Despite these sanctions hindering access to Western funding and shipping insurance, Novatek has adapted by finding alternative ways to continue LNG exports. Following a halt in shipments due to weather and low buyer demand, exports resumed in 2024, primarily to China, coinciding with China's reduced gas imports from the U.S. due to escalating trade tensions.

The Arctic LNG 2 facility has been designed to produce 19.8 million tons of LNG annually, although sanctions have hampered the delivery of additional carriers, limiting export flexibility. Located in the Gydan Peninsula, this facility plays a crucial role in Russia's strategy to increase its share in the global LNG market significantly by 2030-2035, even as international sanctions pose challenges to those ambitions.

India's wholesale price inflation showed a slowdown in September, dropping to 0.13% year-on-year from the previous month's 0.52%. This easing of inflation was attributed to a notable decrease in food and fuel prices, as reported by government data. Economists had anticipated a rise in the wholesale price index, expecting a growth of 0.5% for September.

In detail, wholesale food prices experienced a significant decline of 1.99%, contrasting with a slight increase of 0.21% in the previous month. Vegetable prices particularly saw a notable drop of 24.41%, a sharp change from the 14.18% decline observed in August. This indicates a strong price correction within the food segment.

While food prices fell, the manufactured products sector showed a different trend, with prices rising by 2.33% compared to a larger increase of 2.55% the month before. Additionally, fuel and power prices decreased by 2.58% year-on-year, although this was less than the 3.17% drop experienced in August. Overall, these figures reflect significant shifts in India’s wholesale price dynamics amidst changing market conditions.

BP expects its upstream oil production to exceed the previous quarter's performance according to a recent trading update. The company plans to announce its results on November 4. In the second quarter, BP produced roughly 2.3 million barrels of oil equivalent per day, and it had anticipated a slight decrease for the next quarter.

Brent crude oil prices saw an increase in the third quarter, averaging $69.13 per barrel compared to $67.88 in the second quarter. However, BP noted that it would face a significant reduction, estimated at $100 million, in revenue from its gas and low carbon segment compared to earlier figures. U.S. gas prices also dropped in this period, averaging $3.07 per million British thermal units, down from $3.44.

BP's refining indicator margin improved significantly, climbing to $15.8 per barrel, up from $11.9 in the previous quarter. This increase in refining margins is expected to produce an additional $300 million to $400 million in revenue, although this will be tempered by costs related to compliance and an unplanned outage at its U.S. Whiting refinery due to flooding. BP's net debt remains stable at around $26 billion.

Investors are increasingly turning to gold as a safeguard against market bubbles, driven by excessive tech stock valuations, rising national debt, and heightened inflation fears. The significant 56% increase in gold prices this year has coincided with a surge in global stock markets, raising questions about whether the increasing demand for gold might itself represent a bubble.

Various factors have contributed to the rising gold prices, including expansive fiscal and monetary policies that have fueled inflation concerns. Despite a reduction in economic uncertainty, gold prices have continued to climb, fueled by demand for gold as a safe haven asset. The unclear valuation of gold complicates the assessment of whether its price escalation has reached unsustainable levels.

Soaring demand from central banks and institutional investors is one driver behind the gold price surge, yet private investors appear to have lower exposure to gold in their portfolios. Recent market analysis reveals that many investors still maintain bullish expectations for gold, despite various indicators suggesting a potential price adjustment on the horizon. This combination of high demand, fluctuating geopolitical uncertainties, and economic policies could lead to significant changes in gold's valuation in the coming months.

Financial analysts have flagged the potential risks if the U.S. Federal Reserve were to increase interest rates or if geopolitical tensions ease significantly, which could put pressure on gold prices. As analysts note the behavioral patterns and aggressive price increases surrounding gold, a cautious outlook prevails among investors regarding when and how much the price may eventually retract.

During the Global Women’s Summit 2025 held in Beijing, Iceland’s President Halla Tomasdottir gave a notable speech, underscoring the significance of international cooperation. The summit took place on October 13, 2025, at the China National Convention Center.

Following a meeting between President Halla Tomasdottir and Chinese President Xi Jinping, both nations announced plans to strengthen their collaboration in geothermal and green energy. This joint effort aims to facilitate intergovernmental cooperation as well as foster partnerships at the industry level.

The joint statement emphasizes a mutual goal to reduce greenhouse gas emissions and promote energy transition. It also aims to stimulate the creation of green jobs and business opportunities, reflecting a shared commitment to tackling climate change.

India's Oil and Natural Gas Corporation (ONGC) anticipates that crude oil prices will stabilize within the range of $60 to $65 per barrel under current circumstances. Company executives have expressed confidence in maintaining profitability despite these price levels and have confirmed that there are no plans for job cuts, unlike some other major oil firms facing significant layoffs.

As the leading energy producer in India, ONGC is responsible for approximately 70% of the country's crude oil and 84% of its natural gas production. However, the company has experienced a decline in both oil and gas outputs, attributed to natural resource depletion. To counteract this trend and enhance self-sufficiency in hydrocarbon production, ONGC has launched an initiative to expand output.

Statistics indicate a decrease in ONGC’s crude oil production from 22.533 million metric tons in 2020 to 20.892 million metric tons in 2025, while natural gas production has also fallen. In response, ONGC is focusing on optimizing existing wells and expediting production from recent discoveries. Executives revealed a plan to finance this expansion through internal resources, avoiding reliance on government assistance or external funding for their growth ambitions.

On October 12, 2025, presidential candidate Issa Tchiroma Bakary, representing the Cameroon National Salvation Front, spoke to the media after casting his vote in Garoua, Cameroon. Following the election, Tchiroma claimed victory and urged the long-serving President Paul Biya to accept defeat and respect the results of the ballot box. Tchiroma emphasized that the choice of the people must be honored, expressing confidence in the legitimacy of the election.

Tchiroma, a 76-year-old former government spokesperson, gained traction in his campaign by breaking away from Biya's administration and garnering support from various opposition parties and civic groups. Analysts had anticipated Biya's longstanding grip on power would afford him an advantage in the elections amidst rising public discontent over economic issues and insecurity. Despite this, Tchiroma thanked the voters for their determination and resilience at the polls.

In his statements, Tchiroma warned the current regime that accepting the election's results gracefully is essential to prevent turmoil in the nation. The government has not yet reacted officially to his claims. However, a government minister cautioned that any unilateral revelation of election results would be deemed as treason, underscoring the importance of waiting for the Constitutional Council's official announcement by October 26, 2025, the deadline for final results. Tchiroma plans to provide a detailed regional breakdown of the voting results soon, reaffirming that this victory symbolizes the collective will of the Cameroonian people.