Brazilian primary aluminium export volumes reach record low in 2017
Brazil’s primary aluminium exports fell by 35% in 2017, reaching the lowest level on record as the two remaining local producers focused on the domestic market. Shipments totaled 210,201 tonnes in 2017 compared with 323,322 tonnes in 2016, according to figures from the country’s foreign trade ministry, MDIC. This is the lowest annual aluminium export […]
Gold steadies on profit-taking, palladium hits record high
LONDON, Jan 4, (Reuters) – Gold steadied on Thursday after hitting a 3-1/2 month high in the previous session as profit-taking set in amid worries over looming U.S. rate hikes, while palladium touched its highest ever levels on tight supplies and bets on growing demand. The dollar hit a 3-1/2 month low versus the euro […]
Palladium setzt Rallye auf neues Allzeithoch fort
Frankfurt (GodmodeTrader.de) – Das Edelmetall der Stunde bleibt Palladium. Es setzt seine Rallye auch am Donnerstag fort und hat jüngst ein frisches Allzeithoch bei 1.101,35 US-Dollar je Feinunze erreicht. Palladium hat sich bereits im letzten Jahr um 56 Prozent verteuert und damit die beste Preisentwicklung unter den von den Analysten der Commerzbank beobachteten Rohstoffe aufgewiesen. […]
Zinc hits more than 10-year high on deficit worries
LONDON, Jan 4 (Reuters) – Zinc climbed to a decade high on Thursday on concerns about the market deficit, while copper rose 1.5 percent after upbeat Chinese data shored up growth expectations in the world’s biggest metals consumer. Zinc stocks held in London Metal Exchange warehouses fell 250 tonnes to their lowest since late 2008, […]
Gold – Perfekter Jahresauftakt
(Godmode-Trader) Für die Aktienmärkte ging der Start ins neue Börsenjahr daneben, der deutsche Leitindex startete beispielsweise mit einem Tagestief bei nur noch 12.745 Zählern in die Saison 2018. Ganz anders dagegen Gold – das gelbe Edelmetall knüpfte nahtlos an die Erfolgsserie des vergangenen Jahres an und kletterte am achten (Handels-)Tag in Folge nach oben. Das […]
Lead, tin defy trend as base metals drift lower on LME
(MB) Base metal prices on the London Metal Exchange were mostly lower at the close on Wednesday January 3, with lead and tin the only metals to finish the day in positive territory. Glencore said it will add 100,000 tonnes of zinc, or roughly 200,000-220,000 tonnes of zinc concentrates, to the market in 2018 via a […]
Gold Resting Or Overextended?
(Kitco News) – Gold moved to our short-term target of $1,322 overnight but a slightly stronger tone to the dollar brought fresh selling into the metals complex. Gold appears overextended in the short term and is trying to consolidate but requires a break above the $1,322 level to generate further momentum. There is support at […]
CME Group: Average Daily Metals Volume Soars 23% In 2017
(Kitco) Exchange operator CME Group reports that average daily volume in metals markets increased 23% to a record 568,000 contracts during 2017. This far exceeded the average daily volume for all CME markets combined, which was up 4% from 2016 to hit a record 16.3 million contracts. Gains in average daily volume for other markets included […]
Devisen: Euro erholt sich etwas
FRANKFURT (dpa-AFX) – Der Euro hat sich am Donnerstag etwas von seinen Kursverlusten am Vortag erholt. Am Morgen kostete die Gemeinschaftswährung 1,2025 US-Dollar und damit moderat mehr als am späten Vorabend. Die Europäische Zentralbank (EZB) hatte den Referenzkurs am Mittwochnachmittag auf 1,2023 Dollar festgesetzt. Der amerikanische Dollar hatte zuletzt von robusten Konjunkturdaten und der Aussicht […]
METALS-Cold weather heats up lead metal market
SYDNEY, Jan 4 (Reuters) – Forecasts for more frigid weather in the United States this week supported Chinese lead futures on Thursday amid expectations of seasonally strong demand and likely winter shortages. More than 80 percent of global lead consumption is for batteries mainly for autos, and the peak demand period is during the height […]
