Copper prices to trade firm on higher deficit
Money Control reported that last week, the energy complex witnessed a divergent move with crude oil prices rising 3.5 percent, while natural gas prices fell by 2.5 percent. Crude oil prices reversed prior week’s losses after lower-than-expected release of OPEC production data. Precious metals stayed strong as the release of dismal US retail sales reinforced […]
RUSAL chases workers off mine site in Guyana and shuts down sections
Demerara Waves reported that a number of workers at the Russian Aluminium controlled operations of Bauxite Company of Guyana Inc have been ordered off the mine site and a section of the operations shut down, in the wake of a strike for increased salaries, according to a document sent to aggrieved workers. In a memorandum […]
Zinc concs TC pressured by 1-month delivery delay after Queensland flood
The upward momentum in zinc concentrates spot treatment charges (TCs) may be capped by the lower availability of Australian concentrates due to the estimated month-late delivery of parcels from the flooded North Queensland area, several smelters told Fastmarkets. The floods in early February had blocked the railroad to the Port of Townsville, which is the […]
Norilsk Nickel to invest USD 107.9 million into mining equipment upgrade
TASS reported that Norilsk Nickel will invest RUB 7.1 billion rubles (USD 107.9 million) into mining equipment procurement for its Zapolyarny Branch (Taimyr Peninsula) and Kola Mining Company (Murmansk Region), the Russian mining and metals company reports on Wednesday. This is 54% above the last-year figure. The company said that „Production refit is one of […]
China aluminium exports break record in January
Aluminium Insider reported that continued tepid domestic demand coaxed out a bumper crop of aluminium exports from the People’s Republic of China last month, breaking a four-year record high in the process. According to data from China’s Customs department, domestic smelters sent 552 thousand metric tonnes overseas last month, besting December’s revised total of 520 […]
Goldpreis verblüfft immer mehr
Der Goldpreis hat am Montag den Höhenflug der vergangenen Handelstage fortgesetzt und den höchsten Stand seit zehn Monaten erreicht. Am frühen Nachmittag stieg der Preis für eine Feinunze (etwa 31,1 Gramm) an der Börse in London bis auf 1327,71 US-Dollar. Das ist der höchste Stand seit April 2018. Im August notierte die Feinunze Gold mit […]
Malaysia lifts bauxite mining moratorium after 3-year ban
KUALA LUMPUR, Feb 19 (Reuters) – Malaysia will not extend a moratorium imposed on bauxite mining on environmental grounds that expires on March 31 due to strong demand for the ingredient used to make aluminium, the country’s water, land and natural resources minister said on Tuesday.Malaysia was once the biggest bauxite supplier to top buyer […]
Shanghai aluminium slips after Malaysia lifts bauxite ban
BEIJING, Feb 19 (Reuters) – Shanghai aluminium prices fell on Tuesday, after Malaysia said it would not extend a moratorium on mining bauxite when it expires on March 31, potentially reducing costs in the aluminium supply chain for top producer China. Bauxite is a rock refined to make alumina, which is then used to make […]
Kupfer weitet Kursgewinne aus, Optimismus zu Handelsgesprächen bleibt
(shareribs.com) London 18.02.2019 – Kupfer verbessert sich am Montag leicht, gestützt von einem anhaltenden Optimismus hinsichtlich der Handelsgespräche zwischen China und den USA. Zudem zeigen sich wachsende Risiken beim Angebot. Die Handelsgespräche zwischen China und den USA scheinen in der vergangenen Woche vorangekommen zu sein. Entsprechende Äußerungen von US-Präsident Trump am Freitag und die Tatsache, dass […]
Malaysia lifts bauxite mining moratorium after 3-year ban
KUALA LUMPUR, Feb 18 (Reuters) – The Malaysian government said it would not extend its moratorium on bauxite mining which ends on March 31 due to strong demand for the industry, state news agency Bernama reported on Monday, quoting the water, land and natural resources minister. Malaysia was once the biggest supplier of bauxite to […]
