China seen sustaining recovery in global mining M&A
TIANJIN, China Oct 18 (Reuters) – A rebound in mining mergers and acquisitions is set to continue into 2019, led by companies from top metals consumer China, as a dearth of exploration spending leaves the industry in need of fresh investment, delegates told a conference on Thursday. Sector M&A in mining powerhouse Canada had its […]
Nickel hits one-month low on China growth worries
LONDON, Oct 18 (Reuters) – Nickel hit a one-month low on Thursday, while copper and lead prices were also in the red, as investors worried about Chinese growth and higher U.S. interest rates. Tin gained, however, as some of the metal was suspended from trading in top exporter Indonesia. Macroeconomic concerns continued to bedevil the […]
Canada drops U.S.-made aluminum-can tariff amid beer can shortage
TORONTO, Oct 18 (Reuters) – Canada’s move to drop a 10 percent duty on U.S.-made aluminum cans is good news for Canadian beer makers battling a shortage of tall cans, according to brewing industry executives. The aluminum products excluded from tariffs last week include cans that brewers have been struggling to keep in stock, said […]
Ölpreise geben etwas nach
FRANKFURT/SINGAPUR (dpa-AFX) – Die Ölpreise sind am Mittwoch leicht gesunken. Ein Barrel (159 Liter) der Nordseesorte Brent zur Lieferung im Dezember kostete am Morgen 81,33 US-Dollar. Das waren acht Cent weniger als am Vortag. Der Preis für amerikanisches Rohöl der Sorte West Texas Intermediate (WTI) zur November-Lieferung fiel um sieben Cent auf 71,85 Dollar. Damit […]
Devisen: Eurokurs gibt nach
FRANKFURT (dpa-AFX) – Der Kurs des Euro ist am Mittwoch gesunken. Am Morgen wurde die Gemeinschaftswährung bei 1,1551 US-Dollar gehandelt. In der vergangenen Nacht hatte der Kurs noch bei 1,1581 Dollar gestanden. Die Europäische Zentralbank (EZB) hatte den Referenzkurs zuletzt am Dienstagnachmittag auf 1,1587 Dollar festgesetzt. Marktbeobachter sprachen von einer breit angelegten Dollarstärke. Der Dollar […]
Shanghai copper slips for 2nd day on lukewarm trade
BEIJING, Oct 17 (Reuters) – Shanghai copper extended losses into a second session on Wednesday, curbed by tepid spot trading amid increasing stockpiles at the futures exchange. Stocks of cash-settled copper futures warrants in China increased for a fourth straight session on Tuesday, adding 2,887 tonnes to 58,230 tonnes, according data from the Shanghai Futures […]
EUROPEAN MORNING BRIEF 17/10: Most SHFE base metals tick up
(MB) Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Wednesday after sentiment improved following strong gains in global equity markets. Weakness was felt in aluminium premiums around the globe this past week, with premiums faltering due to a looming backwardation on the London Metal Exchange as well […]
Copper slips as trade tensions, rising U.S. rates weigh
LONDON, Oct 16 (Reuters) – Copper prices slid on Tuesday amid lean factory-gate inflation data in China and nagging concerns about global growth, trade tensions and rising U.S. interest rates. Chinese stocks fell overnight after data showed factory-gate inflation in the world’s top copper consumer had cooled for a third straight month in September. A […]
Stabilisierung bei Aluminium, Kupfer leichter
(shareribs.com) London 16.10.2018 – Aluminium verzeichnet am Dienstag leichte Kursgewinne, während Kupfer auf hohem Niveau konsolidiert. Die Marktteilnehmer schauen wieder etwas vorsichtiger auf den US-Handelsstreit mit China, nachdem die dortige Inflation schwächer ausfiel. In China wurde heute mitgeteilt, dass die Inflation der Produzentenpreise im September bei 3,6 Prozent gelegen habe. Dies war der dritte Monatsrückgang in […]
Copper concentrate TC/RCs hit 1-year high
Copper concentrate treatment and refining charges (TC/RCs) rose to their highest in a year as the market gathered in London for LME Week.The Fastmarkets copper concentrate TC/RC index came in at $89 per tonne / 8.9 cents per lb on Monday October 15, a gain of $2.60 / 0.26 cents week on week to the […]
