METALS MORNING VIEW 04/03: Metals prices mixed; trade optimism provides support while participants eye copper flows
(MB) Three-month base metals prices on the London Metal Exchange were for the most part stronger on the morning of Monday March 4, with all but tin in positive territory. The complex recorded an average gain of 0.4%, while tin was down by 0.1% at $21,630 per tonne. Nickel led on the upside with a […]
Industriemetalle: „Zyklische Anlagen werden sich erholen“
New York (GodmodeTrader.de) – Da die Frist für die Verhandlungen über das Handelsabkommen zwischen den USA und China verlängert werden soll, schwanken die Beziehungen zwischen Präsident Trump und seinem Chefunterhändler Robert Lighthizer, wie Nitesh Shah, Director of Research bei WisdomTree, in einem aktuellen Kommentar schreibt. Es scheine, dass Trump auf einen schnellen Abschluss des Deals […]
Gold gains as dollar wilts on Sino-U.S. trade deal hopes
March 4 (Reuters) – Gold prices inched up on Monday, after falling below the critical $1,300 level to their lowest since Jan. 25 in the previous session, as the dollar softened on prospects of a trade deal between China and the United States. As of 0702 GMT, spot gold was up 0.1 percent at $1,294.49 […]
Devisen: Euro kaum verändert
FRANKFURT (dpa-AFX) – Der Kurs des Euro hat sich am Montag wenig bewegt und damit weiter in der engen Spanne der vergangenen Handelstage gehalten. Am Morgen wurde die Gemeinschaftswährung bei 1,1363 US-Dollar gehandelt und damit etwa auf dem gleichen Niveau wie am Freitagabend. Die Europäische Zentralbank (EZB) hatte den Referenzkurs zuletzt am Freitagnachmittag auf 1,1383 […]
Glencore complains to LME about access to metal in Malaysia
Reuters quoted two sources familiar with the matter as saying that Glencore has lodged a complaint with the London Metal Exchange about the company’s inability to take speedy delivery of aluminium from warehouses owned by ISTIM UK in Port Klang, Malaysia. London-listed commodity trader and miner Glencore bought 200,000 tonnes of aluminium on the LME […]
SHFE base metals prices broadly down after weak US economic data
(MB) Base metals prices on the Shanghai Futures Exchange were largely down during morning trading on Monday March 4, with zinc leading the pack lower. Aluminium managed to buck the downward trend but gains for the light metal were marginal. The weak performance by the base metals follows a raft of soft economic data releases […]
German carmakers to invest 60 bln euros in electric cars and automation
FRANKFURT, March 2 (Reuters) – Germany’s car industry is to invest nearly 60 billion euros ($68 billion) over the next three years on electric cars and automated driving, the head of the VDA car industry association said ahead of the Geneva motor show. “We will invest over 40 billion euros in electric mobility during the […]
Zinc TC/RC talks center on USD 200 per tonne and above
SP Global reported that a wide range of numbers on the 2019 zinc benchmark treatment/refining charge was heard Tuesday between miners and smelters at the International Zinc Association conference in Scottsdale, Arizona, with sources reporting numbers above USD 200 per tonne. A source with a large zinc smelter said parties were reportedly negotiating in a […]
Vedanta sells down Sterlite copper concentrate stockpiles
Reuters reported that Vedanta Ltd is selling down copper concentrate stocks from its Sterlite smelter in southern India, looking to cut costs at the plant ordered permanently shut in May. The Thoothukudi plant was ordered shut by the Tamil Nadu state government after protests against alleged pollution culminated in police killing 13 demonstrators. One of […]
Impala Platinum schreibt wieder schwarze Zahlen
(shareribs.com) Johannesburg 28.02.2019 – Der südafrikanische Platinproduzent Impala Platinum ist im ersten Halbjahr des Geschäftsjahres in die Gewinnzone zurückgekehrt. Auch der Umsatz stieg deutlich. Impala Platinum meldete für das erste Halbjahr einen Nettogewinn von 2,31 Mrd. ZAR (166 Mio. USD. Noch ein Jahr zuvor stand ein Minus von 163 Mio. ZAR. Der Umsatz kletterte im gleichen […]
