European Alu appointment Mr Braghi as VP
European Aluminium announced that Emilio Braghi, Senior Vice President and President at Novelis Europe, will replace Kjetil Ebbesberg (Hydro) as the association’s chairman. Mr Braghi has been appointed for a two-year term starting on 1 January 2019. Furthermore, at the 2018 General Assembly of the association, members elected Roberta Niboli (Raffmetal) as Vice Chair and […]
Devisen: Eurokurs legt etwas zu
LONDON/FRANKFURT (dpa-AFX) – Der Euro ist am Montag gestiegen. Die europäische Gemeinschaftswährung wurde in London am Mittag mit 1,1412 US-Dollar gehandelt. In der Nacht hatte sie noch bei 1,1362 Dollar notiert. Die Europäische Zentralbank (EZB) hatte den Referenzkurs am Freitagnachmittag noch auf 1,1414 (Donnerstag: 1,1451) Dollar festgesetzt. Belastet wurde der US-Dollar auch durch den teilweisen […]
China’s GEM signs five-year battery material supply deal with ECOPRO
BEIJING, Dec 24 (Reuters) – Chinese battery firm GEM Co Ltd will supply 170,000 tonnes of raw materials to South Korean battery maker ECOPRO Co Ltd from 2019 to 2023, its latest effort to win a bigger share of the booming power cell market. GEM signed a memorandum of understanding with ECOPRO to sell 16,000 […]
LME TRADING TIMES / HANDELSZEITEN
On Monday 24 December 2018 and Monday 31 December 2018, the Ring will close early at 2.00 pm. On these dates, Ring 1 and Ring 2 will take place as usual, with kerb trading commencing at 1.20 pm after the Official Prices have been published. The Closing Prices will be published after the close of […]
EUROPEAN MORNING BRIEF 24/12: SHFE base metals prices mostly down
(FM) There was general weakness across the base metals traded on the Shanghai Futures Exchange during Asian morning trading on Monday, with prices broadly down amid bearishness stemming from a challenging macro environment. The London Metal Exchange has amended its metals close-out schedule for the afternoon kerb session, switching the order of copper and lead […]
China carbon industry to face severe overcapacity
BEIJING, Dec 24 (Reuters) – China’s carbon industry will face severe overcapacity from the second-half of 2020, after producers rushed to expand capacity amid fat profit-margins, an official from the China Carbon Industry Association (CCIA) said on Saturday. Carbon products are widely used in sectors such as metallurgy, chemicals, aviation and renewable energy due to […]
Shanghai prices ease; aluminium steady on output cut plan
BEIJING, Dec 24 (Reuters) – Shanghai metals prices generally eased on Monday amid ongoing concerns over global economic growth, although aluminium was steady following a proposal to further reduce China’s production capacity. Chinese producers are set to cut at least another 800,000 tonnes per year of smelting capacity in coming months, according to an official […]
Kupfer wieder über 6.000 USD, China plant Stimuli
(shareribs.com) London 21.12.2018 – Kupfer bewegt sich am Freitag leicht nach oben und übersteigt dabei die Marke von 6.000 USD. China hat für 2019 Stimulusmaßnahmen in Aussicht gestellt, die chinesischen Aluminiumproduzenten wollen ihren Ausstoß reduzieren. Die International Copper Study Group hat am Donnerstag ihren jüngsten Monatsbericht veröffentlicht. Darin wurde mitgeteilt, dass die Minenproduktion von Kupfer in […]
Rohöl: Unheilvoller Abwärtstrend
New York/ London/ Frankfurt (Godmode-Trader.de) – Der Ölpreis befindet sich seit Monaten unter Beschuss. Innerhalb der letzten zweieinhalb Monate büßte die Brent-Notierung knapp 40 Prozent ihres Wert ein. Ein vorläufiger Tiefpunkt ist heute erreicht worden. Mit nur noch etwas über 53 US-Dollar je Barrel kostete ein Fass Brent so wenig, wie zuletzt im September 2017. […]
Freeport Indonesia has new mining permit valid to 2031
JAKARTA, Dec 21 (Reuters) – * A special mining permit given to Freeport McMoRan unit PT Freeport Indonesia on Friday is valid up to 2031, and could be extended to 2041, an energy ministry official said * Copper ore output from Freeport’s Grasberg mine is expected to decline in 2019 once open pit mining ends […]
