Zinc, copper gain on short-covering amid optimism on China
LONDON, Aug 7 (Reuters) – Base metals rose on Tuesday on short-covering amid optimism top consumer China will prop up its economy with stimulus measures and that the country’s currency is stabilising. Shares in Chinese infrastructure firms received a boost from expectations of increased spending on public works projects. China Railway was reported in domestic […]
Starker Dollar belastet Kupfer
(shareribs.com) London 06.08.2018 – Der US-Dollar klettert am Montag und belastet damit die Industriemetalle in London. Kupfer fällt unter die Marke von 6.100 USD, wobei Sorgen um die chinesische Konjunktur die Verluste noch verstärken. Im US-Handelsstreit mit China hat Washington in der vergangenen Woche die nächste Eskalationsstufe gezündet. Handelszölle in Höhe von 25 Prozent sollen auf […]
EU will bis 2019 über Verkauf von Aurubis-Geschäftsteilen entscheiden
Brüssel – Die EU-Wettbewerbshüter lassen sich mehr Zeit für die Prüfung des geplanten Verkaufs des Geschäfts mit Flachwalzprodukten durch den Kupferkonzern Aurubis. Die Frist für eine Entscheidung laufe nun bis zum 3. Januar 2019, wie die EU-Kommission in Brüssel mitteilte. Erst in der vergangenen Woche hatten die Wettbewerbshüter eine vertiefte Prüfung der Veräußerung durch den […]
More northeast China cities cancel alumina projects amid public backlash
BEIJING, Aug 6 (Reuters) – Four more cities in northeast China’s Liaoning province have abandoned their pursuit of alumina projects amid public environmental concerns, after Chaoyang last week scrapped plans to build the world’s biggest alumina refinery. The new cancellations – announced in recent days by the cities of Fengcheng, Fuxin, Gaizhou and Huludao – […]
Rusal profits surge despite U.S. sanctions
HONG KONG/MOSCOW, Aug 6 (Reuters) – Russian aluminium giant Rusal’s quarterly profit surged thanks to higher market prices for the metal, despite sanctions imposed by Washington. Recurring net profit of Hong Kong-listed Rusal, the world’s largest aluminium producer outside China, was up 75 percent from a year ago in the second quarter, but 17 percent […]
Growth angst sees copper retreat further
LONDON, Aug 6 (Reuters) – Copper prices slid on Monday due to worries about the damage to global economic growth from the trade dispute between the United States and its trading partners and a stronger dollar. Benchmark copper on the London Metal Exchange was down 1.5 percent at $6,113 a tonne. Prices of the metal […]
Asia Gold-Demand gets mild boost from lower prices
MUMBAI/BENGALURU, Aug 3 (Reuters) – Gold demand was modest this week at major buying centres in Asia as a drop in prices attracted some investors, but most buyers held back purchases in anticipation of a further dip. Prices fell to their lowest level in seven months in India, which encouraged jewellers to replenish stocks. “Ahead […]
EUROPEAN MORNING BRIEF 03/08: SHFE base metals mostly down; Cu prices slide despite labor unrest
Base metals prices on the Shanghai Futures Exchange were mostly drifting lower during morning trading on Friday, with the complex coming under pressure from a combination of US-China trade tensions and a firmer dollar. Weakness was the dominant theme across the SHFE base metals complex this morning with only aluminium and zinc managing to secure […]
Kupfer und Zink fester, Streik bei Escondida rückt in Hintergrund
(shareribs.com) London 02.08.2018 – Kupfer und Nickel können am Donnerstag leicht zulegen, bleiben aber nach den jüngsten Kursverlusten schwach. Der wahrscheinliche Streik in der chilenischen Escondida-Mine rückt vorerst in den Hintergrund. Der Handelsstreit zwischen China und den USA hat eine neue Eskalationsstufe erreicht. Erst am Dienstag spekulierte man über eine mögliche Entspannung, nachdem Finanzminister Mnuchin Gesprächsbereitschaft […]
Copper price plummets despite union threat of 1-month Escondida strike
Copper’s fightback came to a screeching halt on Wednesday trading down 3.7% on news the Trump administration plans to propose a 25% tariff on $200 billion of imported Chinese goods intensifying an already acrimonious trade dispute with Beijing. Copper touched $2.7260 or $6,010 a tonne on the Comex market in New York in massive volumes […]
