Commodities News
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Mining companies and refineries are producing more nickel than at any time in history, expanding a glut that threatens to reverse this year’s rally.
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Oil fell from a nine-month high in New York as reports showed manufacturing activity slowed in Europe and China, signs fuel consumption may decline.
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Arabica-coffee futures fell the most in a week as stockpiles climbed and producers sought to increase sales in Brazil, the world’s top grower. Cocoa advanced, while sugar dropped.
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Spring lambing in the U.K., Europe’s biggest sheep-meat producer, has taken a deadly turn as a livestock virus, which causes stillbirths and deformed lambs that die soon after birth, spread to the country’s flocks.