Novelis sees automotive aluminium demand more than doubling by 2025
SEOUL, Oct 4 (Reuters) – Demand for automotive aluminium is set to more than double by 2025, driven by surging growth in Asia, a senior executive at Novelis Inc, the world’s largest maker of rolled aluminium products, said on Thursday. Automakers are turning to aluminium to replace high-strength steel, as well as combine with materials […]
Gold steady as hawkish Fed, robust U.S. data lift dollar
BENGALURU, Oct 4 (Reuters) – Gold prices moved in a narrow range on Thursday after upbeat U.S. economic data and hawkish comments from Federal Reserve policymakers raised prospects of the central bank sticking to its tighter monetary policy, boosting the dollar. About half of the Fed’s policymakers, including chairman Jerome Powell, used public appearances on […]
Global trader Concord takes minority stake in Noranda alumina parent
MELBOURNE, Oct 4 (Reuters) – * Privately held global metals and raw materials trader Concord Resources has taken a minority stake in New Day Aluminium Holdings LLC, the parent company of Noranda Alumina and Noranda Bauxite, the companies said on Wednesday. * The stake comes as New Day completes a $110 million refinancing and as […]
Devisen: Euro unter 1,15 US-Dollar
FRANKFURT (dpa-AFX) – Der Euro hat am Donnerstag weiter nachgegeben. Im frühen Handel kostete die Gemeinschaftswährung 1,1475 US-Dollar und damit so wenig wie letztmalig Mitte August. Bereits am späten Vorabend war der Euro unter die Marke von 1,15 Dollar gefallen. Die Europäische Zentralbank (EZB) hatte den Referenzkurs am Mittwochnachmittag noch auf 1,1548 Dollar festgesetzt. Nicht […]
Digitaler Wandel ist Wachstumsbeschleuniger des Welthandels
Genf (dpa) – Die digitale Revolution beschert Verbrauchern und Unternehmern nach Überzeugung der Welthandelsorganisation (WTO) weltweit enorme neue Chancen. Wenn Regierungen für die rasante Technologieentwicklung die richtigen Rahmenbedingungen schafften, könne der weltweite Handel rasant wachsen. Auch kleine und mittelständische Firmen sowie entlegene Länder könnten davon profitieren, schreibt die WTO am Mittwoch im Welthandelsbericht 2018. Möglich […]
Hydro shutdown pushes up shares of South 32, Alumina Ltd
MELBOURNE, Oct 4 (Reuters) – Shares in Asia’s alumina makers rose on Thursday after Norsk Hydro said it would shut production at the world’s biggest alumina plant, with South 32 and Alumina Ltd posting steep gains. Hydro plans to halt production and lay off 4,700 people at Brazil’s Alunorte, which produces the aluminium raw material […]
Aluminium extends rally to 3-1/2 mth peak on alumina shortage fears
MANILA, Oct 4 (Reuters) – Aluminium prices rose to a more than three-month high on Thursday, stretching a rally to a fifth session, amid worries the closure of the world’s largest alumina refinery in Brazil will lead to a shortage of the raw material. Norsk Hydro said on Wednesday that it would halt production indefinitely […]
Congo copper output seen up 12 pct to 1.2 mln T
KAMPALA, Oct 3 (Reuters) – Copper production in Democratic Republic of Congo, Africa’s top producer, is expected to rise 11.6 percent to 1.2 million tonnes by end-2018, the Chamber of Mines said in a presentation on Wednesday. Gold production is seen rising 22.6 percent to 28,539 kg while cobalt output is expected to increase 33 […]
Aluminium hits highest since June as Norsk Hydro shuts refinery
LONDON, Oct 3 (Reuters) – The price of aluminium jumped to its highest in more than three months on Wednesday after Norsk Hydro said it would halt output at its Alunorte alumina refinery, stoking concerns about shortages of the raw material. Three-month aluminium on the London Metal Exchange touched its highest since June 27 at […]
Hydro to shut all alumina output in Brazil, shares plunge
OSLO, Oct 3 (Reuters) – Norsk Hydro will halt production at its Alunorte alumina refinery in Brazil, which has been operating at half capacity since March due to an environmental dispute, the company said on Tuesday, sending its shares down 11 percent. The decision also triggered a shutdown of its Paragominas bauxite mine, which supplies […]
