London copper climbs on hopes of U.S. China trade progress
MELBOURNE, Aug 20 (Reuters) – London copper climbed on Monday as appetite for risk revived on hopes of progress in a trade dispute between the world’s top two economies, which undermined safe-haven demand for the dollar. FUNDAMENTALS: * COPPER: London Metal Exchange rose by 0.9 percent to $5980 a tonne by 0111 GMT, having closed […]
Lanxess CEO not a candidate for Thyssenkrupp CEO job
FRANKFURT (Reuters) – Lanxess Chief Executive Matthias Zachert is not available to become CEO of Thyssenkrupp, a source familiar with the matter said, ending speculation that he could replace interim CEO Guido Kerkhoff. Zachert, who was seen as a potential candidate for the CEO job at the German conglomerate, had only in May renewed his […]
More Alcoa strikes likely over forced redundancies
(theaustralian) About 1600 Alcoa workers across Western Australia are likely to stay out on strike after the company refused to agree to a union claim that none of the employees could ever be made forcibly redundant. Members of the Australian Workers Union employed at three refineries and two bauxite mines have been on strike since […]
LG secures three years of Ganfeng lithium supply
South Korean battery maker LG Chem has agreed an offtake deal with a major Chinese lithium producer. Chinese lithium producer Ganfeng will provide 47,600 tonnes of lithium hydroxide to the South Korean battery maker over three years to the end of 2022, it said.The material will be supplied at an adjustable market price, Ganfeng said […]
Rusal says board backs change of domicile to Russia
MOSCOW, Aug 17 (Reuters) – Russia’s sanctions-hit aluminium giant Rusal said on Friday its board had discussed and approved a change of domicile from Britain’s Jersey to Russia in order to take advantage of new special tax regulations. Rusal, which was hit with U.S. sanctions in April that seriously disrupted aluminium supplies, said the relocation […]
Increased cobalt demand, low-grade premium hint at imminent price turnaround
(basemetals) In addition to increased demand, buyers reported particular difficulty securing low-grade briquettes and broken cathodes in Rotterdam, pushing the market to a premium over high-grade material. Metal Bulletin assessed low-grade cobalt prices at $33.20-34.50 per lb, in-warehouse, on Wednesday August 15. High-grade prices settled $0.25 per lb cheaper on the high end of the […]
dpa-AFX Börsentag: Stabilisierung hält an
FRANKFURT (dpa-AFX)DEUTSCHLAND: – STABILISIERUNGSVERSUCH HÄLT AN – Der Dax dürfte den freundlichen Trend von der Wall Street am Freitag zunächst aufnehmen. Insgesamt bleibt die Lage am Markt angespannt. Sollte der Dax unter das Juni-Tief bei rund 12 100 Zählern rutschen, droht laut Charttechnikern ein Absacken unter die Marke von 12 000 Punkten. USA: – DOW […]
EUROPEAN MORNING BRIEF 17/08: SHFE base metals recover; US copper, brass scrap market hit by Comex decline
Base metals prices on the Shanghai Futures Exchange recovered during morning trading Friday after the promise of renewed talks between the United States and China ushered some risk-on sentiment back into the market. Copper and brass scrap discounts in the United States were mixed, with some widening this past week while others held steady; and […]
Trimet investiert Millionen in Recyclinganlagen
16.08.2018 − Der Essener Aluminiumkonzern will in diesem und im kommenden Jahr einen „hohen einstelligen Millionenbetrag“ in die Modernisierung seiner Recyclingwerke in Gelsenkirchen und Harzgerode investieren. Mit neuen Verfahren, soll die Produktivität sowie die Energieeffizienz verbessert werden, teilte die Trimet Aluminium SE heute mit. Die geplanten Investitionen betreffen die technische Ausstattung sowie Umweltschutzmaßnahmen. So will […]
Rohöl: US-Öllagerbestände sorgen für negative Impulse
Washington/ London/ Frankfurt (Godmode-Trader.de) – Die Ölpreise steigen am Donnerstag, nachdem am Vortag noch herbe Verluste eingetreten sind. Nach Einschätzung von Marktbeobachtern werden die Notierungen durch die Hoffnung auf eine Entspannung im Handelsstreit zwischen den USA und China gestützt. Der anhaltende Handelsstreit zwischen den USA und China droht sich nach Einschätzung von Analysten negativ auf […]
