Copper advances on softer dollar, trade talk hopes
LONDON, Jan 11 (Reuters) – Copper prices climbed on Friday as a dovish stance from the U.S. Federal Reserve pushed the dollar lower, while preparations for more trade talks between Washington and Beijing raised expectations of an easing of tensions. Three-month copper on the London Metal Exchange (LME) was bid up 0.3 percent to $5,945 […]
Base metals split into two camps, but strong start to trading day across the LME complex
(FM) Base metals on the London Metal Exchange were firmer this morning, Friday January 11, with three-month prices up by an average of 0.9%. Zinc and nickel led the way with gains of 1.3% and 1.2% respectively, while copper was up by 0.9% at $5,972 per tonne as at 6.45am London time – the same […]
Chinese government warns of excess alumina capacity
SMM reported that Chinese authorities raised concerns about potential excess capacity across the alumina industry at the end of 2018, citing numerous projects in the pipeline. The National Development and Reform Commission and the Ministry of Industry and Information Technology jointly issued the Notice of Promoting Orderly Development of Alumina Industry on December 28, in […]
Export of copper ores from Indonesian mine to drop in 2019
Xinhua reported that Indonesia’s shipment of copper ores from Grasberg mine, the world’s second largest copper mine, will drop significantly this year due to lagging of production for shifting of operation to underground from open pit mining. Mr Yunus Saefulhak of the Energy and Mineral Resources Ministry said that exports of copper ores from the […]
Devisen: Eurokurs legt etwas zu
FRANKFURT (dpa-AFX) – Der Kurs des Euro ist am Freitag leicht gestiegen. Am Morgen wurde die Gemeinschaftswährung bei 1,1525 US-Dollar gehandelt und damit etwas höher als am Vorabend. Die Europäische Zentralbank (EZB) hatte den Referenzkurs zuletzt am Donnerstagnachmittag auf 1,1535 Dollar festgesetzt. Auf Wochensicht hat der Euro im Handel mit dem Dollar etwa einen Prozent […]
LIVE FUTURES REPORT 11/01: SHFE base metals prices extend losses
(MB) Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Friday January 11, extending the weakness experienced on Thursday following disappointing economic data from China. Lead and tin bucked the weaker tone observed in their peers this morning, with both metals finding support from tightened supply. Weaker-than-expected producer […]
China shares end higher on trade optimism; growth worries persist
SHANGHAI, Jan 11 (Reuters) – Shares in China ended higher on Friday amid news that China’s top trade negotiator may visit Washington this month, boosting optimism about a resolution to the Sino-U.S. trade war. However, concerns about a slowing economy continued to weigh on investor sentiments. ** The Shanghai Composite index settled 0.74 percent higher […]
Devisen: Eurokurs gefallen – Robuste US-Arbeitsmarktdaten stützen Dollar
FRANKFURT (dpa-AFX) – Der Eurokurs hat am Donnerstag nach starken US-Wirtschaftsdaten nachgegeben. Die europäische Gemeinschaftswährung wurde zuletzt bei 1,1520 US-Dollar gehandelt. Im frühen Handel war sie noch bis auf 1,1570 Dollar gestiegen. Die Europäische Zentralbank (EZB) hatte den Referenzkurs am Donnerstagnachmittag auf 1,1535 (Mittwoch: 1,1455) Dollar festgesetzt. Der Dollar hatte damit 0,8669 (0,8730) Euro gekostet. […]
Trump says U.S. is having tremendous success with China on trade
WASHINGTON, Jan 10 (Reuters) – President Donald Trump said on Thursday the United States was having tremendous success in its trade negotiations with China, a day after U.S. and Chinese officials concluded three days of talks in Beijing. The meetings in China were the first face-to-face talks since Trump and Chinese President Xi Jinping met […]
LME introduces time-limited fee cap for Brexit-related position transfers
The London Metal Exchange has altered its fee-cap structure to accommodate position transfers related to the United Kingdom’s impending exit from the European Union (Brexit), in line with the requirements of its membership base, according to a note released to members on Tuesday January 8. Previously, the LME’s position transfers, which are a common feature […]
