Aluminium plunges, Rusal shares soar as U.S. to lift sanctions
Dec 20 (Reuters) – The U.S. Treasury said it will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminium giant Rusal and its parent En+, watering down the toughest penalties imposed since Moscow’s 2014 annexation of Crimea. London aluminium prices sank to a 16-month low after the U.S. Treasury’s announcement, while […]
Marubeni sees Japan aluminium premiums at $100-$130 by late-2019
TOKYO, Dec 20 (Reuters) – The premiums that Japanese buyers pay for aluminium are projected to rise towards a range of between $100 and $130 a tonne later next year due to tighter global supplies despite an expected return of Rusal supplies, trading house Marubeni said. London aluminium prices sank to a 16-month low on […]
EUROPEAN MORNING BRIEF 20/12: Most SHFE base metals rebound
Most base metals traded on the Shanghai Futures Exchange rebounded during Asian morning trading on Thursday as relations between Washington and Beijing appear to improve, thus ushering risk-on sentiment back into the market. The US Department of the Treasury’s Office of Foreign Assets Control plans to remove sanctions against UC Rusal and En+ Group in […]
China’s aluminium firms to meet to discuss market slump
BEIJING, Dec 20 (Reuters) – Representatives from China’s biggest aluminium producers will hold a meeting on Friday in the southern region of Guangxi to discuss slumping demand and falling prices, said three sources familiar with the matter. The producers held a similar gathering in late 2015 and the meeting comes as a protracted price decline […]
Aluminium hits 16-month low as U.S. withdraws Rusal sanctions
BEIJING, Dec 20 (Reuters) – London aluminium prices sank to a 16-month low on Thursday after the United States said it would withdraw sanctions on Russian aluminium producer Rusal, while other metals fell on signs the U.S. Federal Reserve would continue to hike interest rates. Three-month aluminium on the London Metal Exchange fell by as […]
Copper rebounds on hopes a Fed rate pause will lift demand
LONDON, Dec 19 (Reuters) – Copper rebounded cautiously on Wednesday from three-month lows hit in the previous session on hopes the U.S. central bank would slow the pace of interest rate rises, supporting metals demand. The dollar weakened on expectations that the U.S. Federal Reserve will signal later on Wednesday it will cut the number […]
U.S. imposes fresh Russia-related sanctions
WASHINGTON, Dec 19 (Reuters) – The United States imposed fresh Russia-related sanctions on Wednesday, adding to a blacklist created in April to punish individuals allegedly involved in a Kremlin-backed campaign to meddle with the 2016 U.S. presidential election. The U.S. Treasury Department twinned that development with an announcement that it would lift sanctions on major […]
U.S. to lift sanctions on Oleg Deripaska’s Rusal and En+ in 30 days
Dec 19 (Reuters) – The U.S. Treasury will lift sanctions on aluminium giant Rusal, its parent company En+ , and another firm tied to Russian businessman Oleg Deripaska, it said in a statement on Wednesday. In April, the U.S. Treasury imposed sanctions on Deripaska, Rusal, En+ and other companies in which he owns stakes, citing […]
Stahlschrotthändler blicken mit gemischten Gefühlen ins neue Jahr
(euwid) Ein zunehmend unruhiges Geschäftsjahr 2018 geht für die deutschen Stahlschrotthändler zu Ende. Schwelende Handelskonflikte, Transportchaos und eine schwächelnde Autokonjunktur haben ihre Spuren hinterlassen und drücken auf die Stimmung der Schrottbetriebe. Für das kommende Jahr ist ein wachsender Pessimismus bei der aktuellen EUWID-Umfrage hörbar. Manch ein Händler rechnet bereits zum Jahresbeginn mit einem bösen Erwachen […]
Devisen: Euro steigt vor US-Zinsentscheid
FRANKFURT (dpa-AFX) – Der Euro ist am Mittwoch vor einer mit Spannung erwarteten Zinsentscheidung der US-Notenbank Fed etwas gestiegen. Am Morgen kostete die Gemeinschaftswährung 1,1385 US-Dollar und damit etwas mehr als am Vorabend. Die Europäische Zentralbank (EZB) hatte den Referenzkurs am Dienstagnachmittag auf 1,1377 Dollar festgesetzt. Zur Wochenmitte richten Anleger und Analysten ihren Blick in […]
