Andrew Janes

Singapore

Editing and occasionally writing stories on oil, energy, agriculture and metals at Bloomberg News in Singapore . Also interested in climate/green issues.

Articles

Copper Extends Losses After Trump Threatens Tariffs on Metals

Jan 27, 2025 | msn.com | Andrew Janes

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Copper Extends Losses After Trump Threatens Tariffs on Metals

Jan 27, 2025 | bloomberg.com | Andrew Janes

Copper declined after US President Donald Trump said he planned to impose import tariffs on the metal, as well as aluminum and steel, raising fears of trade wars and spurring further gains in the dollar. Trump made the pledge in a speech in which he also threatened levies on computer chips, semiconductors and pharmaceuticals, in an attempt to boost domestic manufacturing.
Anglo American to Sell Stake in Australian Coal Miner Jellinbah

Nov 3, 2024 | bloomberg.com | Andrew Janes

Anglo American Plc has agreed to sell its 33.3% minority stake in Australian coal miner Jellinbah Group to Zashvin Pty Ltd., it said in a filing. Zashvin, already owns a third of Jellinbah, alongside Anglo American and Marubeni Corp. The deal is expected to be completed in the second quarter of 2025, Anglo said.
Korea Zinc Chairman, Bain Get Over 11% of Company in Buyback (1)

Oct 27, 2024 | news.bloombergtax.com | Andrew Janes

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Korea Zinc Chairman and Bain Get About 11% of Company in Buyback

Oct 27, 2024 | bloomberg.com | Andrew Janes

A buyback of Korea Zinc Co. shares has given Chairman Choi Yun-beom and Bain Capital an additional 11% of the company’s shares, according to a regulatory filing. Choi, with the support of Bain, had been attempting to fend off a takeover attempt for the world’s biggest zinc producer from Young Poong Corp. the company’s biggest shareholder, and private equity firm MBK Partners.
Minério de ferro sobe pelo terceiro dia com expectativa por medidas na China

Aug 21, 2024 | bloomberglinea.com.br | Andrew Janes

A potencial medida viria após vários pacotes de resgate não terem conseguido impulsionar o mercado imobiliário, uma importante fonte de demanda para a commodity21 de Agosto, 2024 | 10:14 AMBloomberg — O minério de ferro subiu pelo terceiro dia – acelerando sua recuperação em relação à queda de 9% na semana passada – com sinais de que autoridades da China tomarão mais medidas para tentar reativar o mercado imobiliário em crise do país.
Продолжува растот на цената на железната руда

Aug 20, 2024 | mk.bloombergadria.com | Andrew Janes

Суровини 21 август 2024, 10:00 Цената на железната руда расте трет ден по ред – закрепнувајќи дополнително по минатонеделниот пад од девет отсто – по сигналите на кинеските власти дека ќе преземат дополнителни чекори во обид да го оживеат пазарот на недвижности во земјата кој е во фаза на изумирање.
Iron Ore Rises for Third Day on China Policy Support Optimism

Aug 20, 2024 | bloomberg.com | Andrew Janes

Iron ore rose for a third day — recovering more of its 9% plunge last week — on signs Chinese authorities will take more steps to try and revive the country’s moribund property market. The steelmaking staple climbed as much as 3.5% in Singapore following a report late on Tuesday that Beijing is considering allowing local governments to buy unsold homes by issuing so-called special bonds.
Fortescue Cuts 700 Jobs and Appoints New Chief Financial Officer

Jul 16, 2024 | bloomberg.com | Andrew Janes

Fortescue Ltd. will cut 700 jobs across its global operations and simplify its business structure, the Australian miner and clean energy company said in a statement on Wednesday. Andrew Forrest, the company’s founder and executive chairman has been attempting to transform the iron ore miner by investing heavily in hydrogen and other green technologies. However, the company has been hit by a slew of senior departures over the last year or so.
Gold (XAUUSD) Steadies After Swinging Dramatically on Fed Rate-Cut Bets

Dec 4, 2023 | bloomberg.com | Andrew Janes

Gold edged higher in Asia after a dramatic session that saw it surge to a record on US rate-cut speculation before reversing those gains to close down more than 2%. The precious metal traded near $2,040 an ounce after being up as much as 3.1% early on Monday. The jump was triggered by comments from Federal Reserve Chair Jerome Powell on Friday that traders interpreted as signaling a pivot to rate cuts was nearing.