China June aluminium, steel exports rise as trade row intensifies
BEIJING, July 13 (Reuters) – China’s aluminium exports exceeded half a million tonnes for only the second time ever in June as stronger international than domestic prices encouraged overseas shipments, while steel exports hit an 11-month high, defying U.S. tariffs. China is the world’s biggest producer of both steel and aluminium, which have been subject […]
Copper set to end 5th week lower on U.S.-China trade war concerns
SINGAPORE, July 13 (Reuters) – London copper edged lower on Friday and was set for a fifth consecutive week of decline on concerns of weaker demand amid U.S.-China trade war. Three-month copper on the London Metal Exchange lost 0.1 percent to $6,219.50 a tonne by 0117 GMT while the most-traded copper contract on the Shanghai […]
China says „bully“ United States started a trade war
GENEVA, July 12 (Reuters) – The United States has started a trade war and China will defend itself, Chinese Vice Minister of Commerce Wang Shouwen said on Thursday, adding that the United States was a bully and must “take the gun” away to smoothe the way for talks. “As you know, we have had talks, […]
Industriemetalle: Kräftige Erholungsbewegung
Frankfurt (GodmodeTrader.de) – Nach dem starken Rückgang gestern – der LME-Industriemetallindex hat 2,5 Prozent verloren und ist auf ein Elfmonatstief gefallen – nehmen die Metallpreise heute Morgen einen ordentlichen Schluck aus der Pulle und haben zu einer Erholungsbewegung angesetzt. Diese wird unterstützt durch sehr freundliche asiatische Aktienmärkte und angeführt von Nickel, das sich zeitweise um […]
Nickel rebounds as bullish investors go bargain hunting
LONDON, July 12 (Reuters) – Nickel rebounded by more than 3 percent on Thursday to its highest in a week as investors scrambled to buy at levels they regarded as cheap after steep losses amid fears of a trade war. The metal, which is used in stainless steel and also as a key ingredient in […]
Zink: Höheres Angebot auf dem Weltmarkt
München (www.aktiencheck.de) – Das staatliche chinesische Research-Institut Antaike erwarte, dass die Zinkproduktion in China im dritten Quartal wegen geplanter Wartungsarbeiten und Kürzungen der Schmelzen auf das niedrigste Niveau seit 2015 falle, wie die Analysten der Commerzbank berichtet hätten. In Südafrika sei wie geplant die „Gamsberg“-Zinkmine in Betrieb genommen worden. Die Mine solle laut Angaben des […]
Indonesia strikes initial agreement to buy majority stake in Freeport mine
JAKARTA, July 12 (Reuters) – Indonesia and Freeport-McMoRan Inc have struck an initial agreement for state-owned mining company PT Inalum to take a controlling stake in Freeport’s local unit, government officials said on Thursday, though the final price for the deal remains unclear. The agreement will give Indonesia control of the Grasberg mine, the world’s […]
Inflation erneut über zwei Prozent
Wiesbaden (dpa) – Die Inflation in Deutschland ist den zweiten Monat in Folge über zwei Prozent gestiegen. Die genauen Daten für Juni gibt das Statistische Bundesamt heute (08.00) in Wiesbaden bekannt. Nach vorläufigen Angaben hatten vor allem steigende Energiepreise die Jahresteuerung auf 2,1 Prozent getrieben. Im Mai lag die Preissteigerung bei 2,2 Prozent. In den […]
SHFE base metals prices correct after Wednesday’s sharp falls
Most base metals prices on the Shanghai Futures Exchange staged a recovery during Asian morning trading on Thursday July 12, with only lead weakening. Nickel led the rebound with a 3.8% gain, while copper jumped by 1.2%. The other metals also logged gains in the early session, albeit at a more moderate pace, while lead […]
Barrick clips 2018 copper production outlook, sees higher costs
TORONTO, (Reuters) – Canada’s Barrick Gold Corp lowered its full-year copper production forecast on Wednesday while increasing its cost estimates, saying the change reflected operational challenges and planned work at its Lumwana mine in Zambia. Barrick, which looks likely to lose its rank as the world’s biggest gold producer this year, maintained its 2018 output […]
