Russia’s Rusal says will consider executive changes on Feb. 22
HONG KONG, Feb 20 (Reuters) – Russian aluminium giant Rusal said on Tuesday there had been no changes to the roles of chief executive officer (CEO) or president at the company, although a board meeting would be held on Thursday to consider executive changes. Russian billionaire Oleg Deripaska plans to step down as president of […]
LME copper prices drift on steady dollar, China holiday
MELBOURNE, Feb 20 (Reuters) – London copper drifted lower on Tuesday as a firm dollar dictated direction in a thinly traded market, with holidays in top metals user China. FUNDAMENTALS: * COPPER: London Metal Exchange copper eased for a second day, dropping 0.3 percent to $7,096.50 a tonne by 0240 GMT, having touched its highest […]
Base metal prices little moved at start of week
The metals complex on the London Metal Exchange is down an average of 0.1%, with the exceptions of aluminium that is off 0.6% ($2,186 per tonne) and nickel that is up 0.8% ($13,775 per tonne). Copper prices are off 0.1% at $7,177 per tonne. Volumes have been light with 2,354 lots traded as of 07:53 […]
Deripaska to quit roles at his two biggest firms
MOSCOW, Feb 19 (Reuters) – Russian billionaire Oleg Deripaska plans to step down as the president of the two companies he controls – aluminium giant Rusal and En+ Group , two sources familiar with the matter told Reuters. The change comes less than a month after the inclusion of Deripaska and dozens of Russian billionaires […]
Aluminium: USA erwägen Einfuhrzölle
Washington/ London (Godmode-Trader.de) – Die Metallpreise sind schwächer in die neue Woche gestartet. Aluminium gab zum Handelsstart am Montagmorgen einen Teil seiner kräftigen Gewinne von letztem Freitag wieder ab und notierte unter der Marke von 2.200 US-Dollar je Tonne. Die USA erwägen zum Schutz ihrer heimischen Wirtschaft hohe Strafzölle auf Stahl- und Aluminiumimporte. US-Handelsminister Wilbur […]
Copper slips after best week in more than a year
LONDON, Feb 19 (Reuters) – Copper fell on Monday as a recovery in the dollar prompted some profit-taking in the metal after its biggest weekly rise in more than a year, while aluminium climbed as the United States said it was considering import tariffs on the metal. Copper, widely used in construction, surged 7 percent […]
Japan’s steel industry urges Trump to make careful trade decision
TOKYO, Feb 19 (Reuters) – Japan’s steel industry said on Monday the U.S. Commerce Department proposal to President Donald Trump to impose curbs on steel imports violate the principles of free trade, calling for Washington to make a careful and appropriate decision. The U.S. Commerce Department recommended on Friday that Trump impose steep curbs on […]
USA erwägen hohe Strafzölle für Stahlimporte
WASHINGTON (dpa-AFX) – Die USA erwägen zum Schutz ihrer heimischen Wirtschaft hohe Strafzölle auf Stahl- und Aluminiumimporte. Die könnten zumindest indirekt auch deutschen Stahlkochern schaden. US-Handelsminister Wilbur Ross veröffentlichte am Freitag seine Vorschläge, die er US-Präsident Donald Trump vorgelegt hat. „Die Frage war, ob die Nationale Sicherheit beeinträchtigt ist. Ich bin zu dem Schluss gekommen, […]
Gold flat as equities recovery offsets inflation worries
Feb 19 (Reuters) – Gold prices held steady on Monday as a wavering dollar and rising equity markets offset rising inflation expectations that have spurred recent safe-haven purchases of the metal. Spot gold was mostly unchanged at $1,347.50 an ounce by 0824 GMT. The metal rose 2.4 percent last week in its best weekly gain […]
Indonesia hands Freeport, Amman, quota for 2018 copper exports
JAKARTA, Feb 19 (Reuters) – Indonesia issued the local unit of copper miner Freeport McMoRan Inc with a quota to export 1,247,866 wet metric tonnes (wmt) of copper concentrate up to Feb 15, 2019, a mining ministry official said on Monday. Medco Energi Internasional unit Amman Mineral Nusa Tenggara was also issued with a quota […]
