Iron ore exports to China from Australia’s Port Hedland fall to six-month low
SYDNEY, Feb 6 (Reuters) – Iron ore shipments to China in January from Australia’s Port Hedland terminal fell 11.3 percent from a month ago to 34.7 million tonnes, their lowest since July, port data released on Tuesday showed. That compares with 39.1 million tonnes in December. January imports were 0.6 percent higher than a year […]
SHFE base metals broadly lower amid gloomy market sentiment
(MB) Much like yesterday, most base metals prices on the Shanghai Futures Exchange were under pressure during Asian morning trading on Tuesday February 6, with sharp falls in the US stock market overnight damping market sentiment. Nickel prices continued their recent run of weakness as they led the complex, with the exception of tin, lower […]
Metals buckle as risk off, strong dollar bite
MELBOURNE, Feb 6 (Reuters) – London nickel fell more than 3 percent on Tuesday, leading the base metals complex lower as „risk off“ sentiment soured share markets and safe-haven buying lifted the dollar. The dollar has risen as a rout in global equities prompted anxious investors to cut exposure to riskier assets and seek shelter […]
Devisen: Eurokurs wenig verändert
FRANKFURT (dpa-AFX) – Der Euro hat am Dienstag die Kursverluste vom Wochenauftakt vorerst gestoppt. Am Morgen wurde die Gemeinschaftswährung bei 1,2375 US-Dollar gehandelt und damit etwa zum gleichen Kurs wie am Vorabend. Die Europäische Zentralbank (EZB) hatte den Referenzkurs zuletzt am Montagnachmittag auf 1,2440 Dollar festgesetzt. Am Montag hatte noch eine allgemeine Dollar-Stärke den Euro […]
India’s 2018 gold demand forecast as high as 800 T
MUMBAI, Feb 6 (Reuters) – Gold demand in India is likely to remain below its 10-year average for a third year in 2018 as higher taxes and new transparency rules on purchases may cap last year’s rebound in buying, the World Gold Council (WGC) said on Tuesday. India is the world’s second-biggest gold consumer and […]
Metals buckle as ‚risk off‘, strong dollar bite
MELBOURNE, Feb 6 (Reuters) – London nickel fell more than 3 percent on Tuesday, leading the base metals complex lower as „risk off“ sentiment soured share markets and safe-haven buying lifted the dollar. The dollar has risen as a rout in global equities prompted anxious investors to cut exposure to riskier assets and seek shelter […]
Copper hits three-week high as dollar rally pauses
LONDON, Feb 5 (Reuters) – Copper hit a three-week high on Monday as the dollar rally paused and the balance of supply and demand looked to stay relatively tight, while nickel climbed after posting its largest daily loss in two months on Friday. The dollar remained mired near three-year lows as resurgent U.S. wage inflation […]
Goldpreis stabilisiert sich
Frankfurt (Godmode-Trader.de) – Gold war im vergangenen Jahr in Deutschland nicht mehr so stark nachgefragt wie früher. Denn der Absatz von physischem Gold ist bei den beiden wichtigsten Händlern Degussa und Pro Aurum gesunken. Nach Angaben von Wolfgang Wrzesniok-Roßbach, Geschäftsführer der Degussa Goldhandel, wurden im vergangenen Jahr 10 Prozent weniger umgesetzt. Pro Aurum hat 2017 […]
Zinc smelters operate at higher level in Jan
SHANGHAI, Feb 5 (SMM) – The operating rates of zinc smelters in January was up 1 percentage point from levels in December as output resumed at Shenzhen Zhongjin Lingnan Nonfemet, an SMM survey showed. For February, no new maintenance work has been planned so far but zinc production is set to be lower due to the […]
Sweden’s Boliden names Mines chief Staffas as new CEO
STOCKHOLM, Feb 5 (Reuters) – Swedish mining and smelting group Boliden said on Monday it had appointed the head of its Mines division Mikael Staffas as new chief executive at the group from June 1. Staffas replaces long-standing Boliden CEO Lennart Evrell who said late last year that he would be stepping down in mid-2018. […]
