Commodities

Rio Tinto signs power plan deal for Mongolian copper mine
Rio Tinto, Turquoise Hill Resources and the Mongolian government have agreed on a domestic power plan for Oyu Tolgoi that prepares the ground for the government to fund and build a state-owned power plant at the giant copper mine.

Credit Suisse ups price target on Anglo American shares
Anglo American shares will rise further because investors have not spotted the extent of the miner's potential to recover from the Covid-19 crisis, Credit Suisse said as it increased its price target on Anglo American shares.

China agrees to step up US farm goods buying - report
China plans to step up purchases of US farm goods to comply with the phase one trade deal between the two countries after talks in Hawaii, according to a report.

Growth in US oil stockpiles slowed last week, DoE says
Oil stockpiles in the US rose during the preceding week despite a sharp fall in domestic output, linked to tropical storm Cristobal, and a reduction in net imports.

Tesla to use Glencore cobalt in new Gigafactories
Electric carmaker Tesla will be expanding its relationship with mining company Glencore and will use its cobalt in the new Gigafactories.

Ferrexpo declares dividend based on strong sales
Ferrexpo announced an interim dividend based on the iron ore pellet producer's higher sales in the first five months of 2020.

Opec+ extends production curbs for third month
The Organisation of Petroleum Exporting Countries and its allies have extended their historic production curbs for another month, following a meeting over the weekend.

Downside risks building in oil prices - Morgan Stanley
Downside risks are building in the oil market after the price surge of recent weeks, Morgan Stanley analysts said.

Hummingbird joins World Gold Council
Hummingbird Resources has joined the World Gold Council and will adopt the council's principles on responsible mining.