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US coal exports to India expected to rise due to China tariffs

US coal exports to India expected to rise due to China tariffs

NEW DELHI, Feb 11 (Reuters) – The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., five industry officials said, potentially eroding Australia and Russia’s market shares in the Indian market. China’s Finance Ministry last week said it would impose levies of 15% on imports of […]

Gold set for sixth successive weekly gain; US payrolls report in focus

Gold set for sixth successive weekly gain; US payrolls report in focus

Feb 7 (Reuters) – Gold prices rose on Friday, hovering near record-high levels and set for a sixth successive weekly gain, as trade war concerns fuelled safe-haven buying ahead of the key U.S. payrolls report. Spot gold was up 0.3% at $2,864.11 per ounce, as of 0721 GMT, and has gained more than 2% this […]

Rio Tinto faces new iron ore shipping snarls due to cyclones

Rio Tinto faces new iron ore shipping snarls due to cyclones

Rio Tinto said on Tuesday it had begun clearing iron ore ships from two Western Australian ports as two tropical cyclones offshore swell seas and complicate its efforts to repair infrastructure damaged by a previous cyclone last month. “Safety is our priority. As is procedure, we began sending ships from Cape Lambert Port at the weekend […]

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