Aluminium breaks six-session losing streak as markets recover
LONDON, Oct 12 (Reuters) – Aluminium rebounded on Friday, breaking a six-session losing streak, as speculators and consumers regarded the lower prices as good value against a background of recovering share markets. The metal touched a two-week low on Thursday amid a broad sell-off sparked by a global rout in equities. But global shares were […]
U.S. extends deadlines for sanctioned Russian firms EN+
WASHINGTON, Oct 12 (Reuters) – The United States on Friday said it was granting investors another month to divest their holdings of sanctioned Russian companies EN+ <ENPLq.L > and Rusal and was giving the firms more time to address their business operations. The U.S. Treasury Department in April imposed sanctions against billionaire Oleg Deripaska and […]
EUROPEAN MORNING BRIEF 12/10: Codelco’s Chuquicamata operates at reduced rate; LME volumes grow in 2018;
Base metals prices on the Shanghai Futures Exchange were mostly up during Asian morning trading on Friday October 12, with the weakening dollar supporting investor confidence. Codelco’s Chuquicamata division will be running at reduced operating rates until mid-November following a technical fault at the Teniente copper converter last month, the company told Fastmarkets. The London Metal Exchange […]
Kupfer und Nickel können sich Abwärtsdruck nicht entziehen
(shareribs.com) London 11.10.2018 – Die Korrektur an den Aktienmärkten sorgt auch an den Rohstoffmärkten für weitere Verluste. Kupfer und Nickel bewegen sich deutlich nach unten, das ohnehin geringe Kursniveau sorgt aber für einen relativ stabilen Boden. Die Industriemetalle bleiben weiter unter Druck. Die Korrektur an den Aktienmärkten, bedingt durch zunehmende Sorgen über die globale Konjunktur und […]
China Sept copper imports jump on scrap crackdown
BEIJING, Oct 12 (Reuters) – China’s unwrought copper imports surged to their highest in 2-1/2 years in September, while copper concentrate imports climbed an all-time high as the world’s top copper consumer’s crackdown on scrap leaves it needing other forms of the metal. China’s imports of copper, which include anode, refined, alloy and semi-finished copper […]
London aluminium eyes 4 pct weekly fall, biggest since June
MELBOURNE, Oct 12 (Reuters) – London aluminium steadied on Friday after metals were caught in a widespread market sell-off this week and ahead of Chinese trade data later in the session, but it was set for its biggest weekly drop since June as concerns over raw material costs eased. FUNDAMENTALS * ALUMINIUM: London Metal Exchange […]
EU hält Brexit-Durchbruch binnen einer Woche für möglich
RÜSSEL/LONDON (dpa-AFX) – Die Europäische Union setzt auf einen Durchbruch in den Brexit-Verhandlungen bis zum EU-Gipfel in genau einer Woche. Dafür werde Tag und Nacht verhandelt, sagte EU-Chefunterhändler Michel Barnier am Mittwoch in Brüssel. Bis zum 17. Oktober solle ein Austrittsabkommen „in Reichweite“ sein. „So versuchen wir, die Chancen auf einen geordneten Rückzug zu maximieren […]
EUROPEAN MORNING BRIEF 11/10: SHFE base metals prices move lower
Base metals prices on the Shanghai Futures Exchange were mostly lower during Asian morning trading on Thursday October 11 amid concerns over the global macro-economic environment and dollar strength. The price of silicon in the United States fell for a seventh consecutive month in the latest monthly assessment on Wednesday October 10, reaching its lowest level […]
Base metal prices drop, track equities rout on macro fears
BEIJING, Oct 11 (Reuters) – Base metals prices fell sharply on Thursday, tracking a broad sell-off on equity markets as a gloomy macro-economic outlook raised concerns over demand-growth. Shanghai shares were on track for their worst day since February 2016, dropping 4.3 percent to their lowest level since late 2014 after Wall Street suffered its […]
Aurubis AG: Europäische Kommission äußert Bedenken gegen die fusionskontrollrechtliche Freigabe des Verkaufs des Segments Flat Rolled Products
Im Rahmen des für den Verkauf des Segments Flat Rolled Products von der Aurubis AG (Aurubis) an die Wieland Werke AG (Wieland) laufenden fusionskontrollrechtlichen Verfahrens hat die Europäische Kommission gegenüber Aurubis und Wieland mitgeteilt, dass eine Freigabe der Transaktion unter den vorgeschlagenen Zusagen wahrscheinlich nicht zu erreichen ist. Auf Basis ihrer vorläufigen Einschätzung würde die […]
