Copper drops 1.5 pct as U.S.-China trade war raises demand concerns
Oct 16 (Reuters) – Copper slid 1.5 percent on Tuesday with the market facing its biggest one-day loss in more than a week, as an escalating trade war between the United States and the world’s top industrial metals consumer China weighed. Three-month copper on the London Metal Exchange lost $93 at $6,208 tonne as of […]
Devisen: Euro wenig verändert
FRANKFURT (dpa-AFX) – Der Euro hat sich am Dienstag nur wenig bewegt. Am Morgen wurde die Gemeinschaftswährung bei 1,1570 US-Dollar gehandelt und damit etwa zum gleichen Kurs wie am Vorabend. Die Europäische Zentralbank (EZB) hatte den Referenzkurs zuletzt am Montagnachmittag auf 1,1581 Dollar festgesetzt. Im Tagesverlauf dürften Konjunkturdaten stärker in den Fokus rücken. Am Vormittag […]
EUROPEAN MORNING BRIEF 16/10: SHFE base metals prices mixed
(MB) Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Tuesday, with the complex in consolidation mode after lackluster China data failed to inspire much-needed confidence in the market. Copper concentrate treatment and refining charges (TC/RCs) rose to their highest in a year as the market gathered in London […]
Rio Tinto Q3 iron ore production falls on planned maintenance and safety pauses
Oct 16 (Reuters) – Global miner Rio Tinto Ltd said its third-quarter iron ore shipments fell about 5 percent, hurt by planned maintenance and safety pauses across all operations following a fatality. Shipments from its Australian mines fell to 81.9 million tonnes in the third quarter compared with 85.8 million in the same period a […]
Copper drops 1.2 pct on U.S.-China trade war pressure
Oct 16 (Reuters) – London copper prices slid more than 1 percent on Tuesday as the market faced its biggest one-day loss in more than a week with pressure from a trade war between the United States and the world’s top industrial metals consumer China. Three-month copper on the London Metal Exchange was down 1.2 […]
EUROPEAN MORNING BRIEF 15/10: Weakness eyed in US Midwest Al premium
Most base metals prices on the Shanghai Futures Exchange were little changed to weaker during Asian morning trading on Monday, with a resurgent dollar putting downward pressure on the complex. Lead was the lone metal to record any price gains. The dollar index, at 95.33 as at 9.56am Shanghai time, is up considerably from last […]
Goldman Sachs: Aktuell gibt es noch kein Problem bei den Ölpreisen – aber vielleicht bald
Ab dem 4. November treten weitere US-Sanktionen gegen den Iran in Kraft, die zielgerichtet auf die Öl-Branche des Landes sind wirken sollen. Die Sorgen um einen weiteren Aufwärtstrend bei den Ölpreisen werden vor diesem Hintergrund akut. Zuletzt wies der Ölpreis eine stetige Aufwärtstendenz aus – Marktbeobachter sahen sogar eine weitere Zuspitzung der Rally: Auf bis […]
Chile environmental court orders Barrick to close Pascua-Lama gold mine
SANTIAGO, (Reuters) – Chile’s environmental court on Friday ordered Canada’s Barrick Gold Corp to definitively close the Chilean side of its stalled Pascua-Lama mining project, a final procedural step that draws a line under a long-running saga. The court, sitting in the northern Chilean city of Antofagasta, approved by two votes to one the closure […]
LME Week metals puzzle is how to trade a trade war
LONDON, Oct 15 (Reuters) – Donald Trump didn’t make it to LME Week, the annual jamboree of the global metals trading community. But the U.S. president was the hot topic at the myriad seminars, cocktail parties and private meetings across London this week. The industrial metals traded on the London Metal Exchange (LME) have found […]
Firmer dollar, trade concerns weigh on London metal prices
MELBOURNE, Oct 15 (Reuters) – London metal prices slipped on Monday as the U.S. dollar strengthened and on concerns that escalating global trade tensions could hurt demand. Concerns remain that trade tensions between China and the U.S. may dampen demand for metals even as China’s September trade data proved more resilient than expected last week. […]
