ASIAN MORNING BRIEF 24/10: LME base metals prices mixed
(MB) Base metal prices on the London Metal Exchange were mixed at the close of trading on Tuesday October 23, with tin’s strong performance leading gains across half of the complex despite a strong US dollar index and broadly risk-averse investors. Comex copper prices were dragged lower by a downturn in equity markets in morning trading, after beginning the […]
Alcoa to close two Spanish aluminium plants
Reuters reported that Alcoa would close two of its three aluminium plants in Spain with a combined annual production of 180 000 metric tonnes, resulting in the lay off of almost 700 workers. The Aviles and La Coruna plants were two of the least productive due to intrinsic structural problems such as inefficient technology and […]
Copper under pressure on worries over weaker China demand
MANILA, Oct 24 (Reuters) – Copper prices were flat to lower on Wednesday, reflecting concerns over slower demand in top consumer China for the rest of this year as Beijing’s plans to reinvigorate the world’s second-largest economy may only kick in by 2019. China said earlier this week that it will roll out more policies […]
Indonesia’s PT Well Harvest Winning alumina hits 2 million tonne production mark
Asia Business News reported that Indonesia’s only smelter-grade alumina (SGA) refinery PT Well Harvest Winning (WHW) churned out over 2 million metric tons of the aluminium precursor since commencing operations in June 2016. So said a corporate representative in an interview with domestic media last week. Well Harvest Winning public relations executive Hen Roliya told […]
Kupfer verliert, Aluminium behauptet – Investoren zunehmend vorsichtig
(shareribs.com) London 23.10.2018 – Die Schwäche an den Aktienmärkten wirkt sich wieder auf die Rohstoffmärkte aus. Das relativ starke Marktfundament verhindert derweil eine schärfere Korrektur. Die Aktienmärkte korrigieren am Dienstag teils heftig. Der Dow Jones Index ist unter die Marke von 25.000 Punkte gefallen. Zuvor ging es bereits in Asien deutlich nach unten. Damit sind die […]
Copper prices tripped up by political tensions and slow growth
LONDON, Oct 23 (Reuters) – Copper tracked equity markets lower on Tuesday on concerns of slowing demand in China and as geopolitical tensions escalated over the killing of a prominent Saudi journalist. Benchmark copper was down 1.1 percent at $6,173 a tonne in official trading rings. It touched a one-week high in the previous session […]
Gold klettert auf Dreimonatshoch
London (GodmodeTrader.de) – Gold ist am Dienstag angesichts des Ausverkaufs an den internationalen Aktienmärkten als „sicherer Hafen“ gefragt und hat mit bislang 1.236,68 US-Dollar je Feinunze ein frisches Dreimonatshoch erreicht. Unterstützung bekommen die Goldnotierungen dabei von den anhaltenden globalen politischen Unruheherden. Dies sind in Europa die Brexit-Verhandlungen und die umstrittenen Haushaltspläne der Italiener, die heute […]
Kupfer steigt auf Wochenhoch
London (GodmodeTrader.de) – Kupfer gibt am Dienstag seine gestrigen Gewinne auf ein Wochenhoch bei 6.332,00 US-Dollar je Tonne komplett wieder ab und notierte bislang bei 6.176,00 US-Dollar pro Tonne im Tief. Beflügelt hat die Notierungen die Aussicht auf eine stärke Nachfrage, nachdem China Maßnahmen zur Stärkung von Wachstum und Liquidität angekündigt hatte. Der chinesische Zentralbankgouverneur […]
BASF and Nornickel join hands to supply battery materials market
BASF has selected Harjavalta, Finland, as the first location for battery materials production serving the European automotive market. The plant will be constructed adjacent to the nickel and cobalt refinery owned by Norilsk Nickel.This investment is part of BASF’s EUR 400 million multi-step investment plan announced last year and builds upon initial battery materials production […]
China Sept alumina exports surge to highest level this year
BEIJING, Oct 23 (Reuters) – China’s alumina exports in September surged more than fivefold from August to 165,839 tonnes, according to customs data released on Tuesday, the highest monthly volume this year. Last month’s exports rose from 29,722 tonnes in August and were up more than 3,400 percent from a year earlier, the General Administration […]
