Devisen: Euro kann nach Talfahrt wieder etwas zulegen
FRANKFURT (dpa-AFX) – Der Euro hat sich am Freitag im Tagesverlauf weiter stabilisiert. Am Mittag wurde die Gemeinschaftswährung bei 1,1218 US-Dollar gehandelt und damit etwas höher als am Morgen. Am Vortag hatte es starke Verluste gegeben. Die Europäische Zentralbank (EZB) hatte den Referenzkurs zuletzt am Donnerstagnachmittag auf 1,1271 Dollar festgesetzt. Stützend wirkten neue Industriedaten aus […]
More MJP Q2 aluminium deals done at $105/t premium
Several producers have booked second-quarter aluminium supply in Japan at a premium of $105 per tonne basis main Japanese ports (MJP) delivery, with more than 20,000 tonnes of concluded business so far, Fastmarkets learned on Friday March 8. The premium over LME cash prices, if adopted by remaining producers and consumers, would mark a 25% […]
Chilean copper cathode shortage widens cif Shanghai premium despite lackluster demand
The premium for Grade A copper cathode cif Shanghai widened on both ends of the range on Thursday March 7 after availability of high quality Chilean brand electro-refined (ER) copper cathodes tightened while demand for other brands of ER and solvent extraction-electrowinning (SX-EW) cathodes continued to be subdued in China. Fastmarkets assessed the cif Shanghai premium […]
Gold: Erholung vom Sechswochentief
Frankfurt (GodmodeTrader.de) – Gold erholt sich am Freitagvormittag im Umfeld eines auf breiter Basis von seinem gestrigen Dreimonatshoch zurückfallenden US-Dollars. Im Hoch wurde das Edelmetall bislang bei 1.295,85 US-Dollar je Feinunze. Ein schwächerer US-Dollar kommt für gewöhnlich dem in US-Dollar denominierten Gold zugute – und umgekehrt. Am Donnerstag hatte der US-Dollar im Zuge der Euroschwäche […]
Rio Tinto says Amrun bauxite mine set for full production
WEIPA, Australia, March 8 (Reuters) – Global miner Rio Tinto said on Friday that its $1.9 billion Amrun bauxite mine in northern Australia is set to enter full production after finishing its ramp-up phase, boosting output at its Weipa operations by more than a third. Rio Tinto produces about 50 million tonnes of the aluminium […]
China Feb copper imports fall 11.6 pct y/y
BEIJING, March 8 (Reuters) – China’s unwrought copper imports fell by 11.6 percent year-on-year in February, according to Reuters calculations based on customs data released on Friday, in a sign of waning demand for the metal considered to be an economic bellwether. Arrivals of unwrought copper — including anode, refined, alloy and semi-finished copper products […]
Copper falls for 3rd day; faces weekly decline on supply pressure
SINGAPORE, March 8 (Reuters) – London copper prices lost ground for a third consecutive session on Friday with the market set for a weekly fall, as rising inventories and a drop in the premium for directly available metal signalled easing supply squeeze. Asian stocks shuddered lower on Friday after shockingly weak export data from China […]
World Copper Market Shows On-going Deficit
World refined copper balance for the first eleven months of 2018 (including revisions to previous data) indicates a deficit of about 395,000 t: In developing its global market balance, ICSG uses an apparent demand calculation for China that does not take into account changes in unreported stocks [State Reserve Bureau (SRB), producer, consumer, merchant/trader, bonded]. […]
Global zinc production to reach 15.7Mt in 2022 to meet rising demand
Global zinc production is expected to grow at a compound annual growth rate (CAGR) of 3.8% between 2019 and 2022, to reach 15.7Mt in 2022, according to GlobalData, a leading data and analytics company. The company’s latest report: ‘Global Zinc Mining to 2022’ states that growth will be supported by production expansions and new mines […]
EZB-Zinsentscheid
(boerse.de) – Die Europäische Zentralbank (EZB) hält an ihrer ultralockeren Geldpolitik fest: Der Leitzins wurde auf der heutigen EZB-Sitzung nicht verändert und bleibt weiter auf dem Rekordtief von 0,00%. Auch der Strafzins, den Banken zahlen müssen, wenn sie Geld über Nacht bei der EZB parken, bleibt unverändert bei minus 0,4 Prozent. Der EZB-Rat geht weiterhin davon aus, dass […]
