Signs of tight supply push copper and zinc to weekly gains
LONDON, Nov 16 (Reuters) – Copper on Friday was set to end the week nearly 2 percent higher as signs of supply tightness supported prices, but worries about the outcome of a U.S.-China trade dispute limited gains. Supply shortages were also powering zinc towards its biggest weekly gain since September. Benchmark copper on the London […]
Copper cathode manufacturing plant in Karagandy region has reached its full production capacity
Kazak TV reported that industrial innovative development in Kazakhstan is underway. A copper cathode manufacturing plant in the Karagandy region has reached its full production capacity. Raw materials that were previously considered unprofitable were used with new technologies. Currently, the facility produces up to 9,000 tonnes of copper cathode per year. All of the products […]
Chinese copper smelters look to mine investment to secure supply
Reuters reported that Chinese copper smelters are looking to make more investments in mines, pushing to shore up supply of concentrate at a time when competition for the raw material is heating up. Industry executives said that China is the world’s biggest consumer of the metal but its own copper mine production has been stagnating […]
Shanghai zinc shines on low stockpiles; trade hopes
SINGAPORE, Nov 16 (Reuters) – Shanghai zinc rallied on Friday as stockpiles tied to the London Metal Exchange (LME) fell to a decade-low level. Metals markets mainly kept some of their gains made on signs of some easing in the trade war between the United States and China. „(The) trade tension has been weighing on […]
EUROPEAN MORNING BRIEF 16/11: SHFE zinc prices gain on tight supply; copper scrap availability in China not a cause for concern
Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Friday, with zinc, copper and tin registering gains while the rest of the complex weakened.The availability of copper scrap units in China should improve next year despite the forthcoming ban on category-7 imports, market sources said at Asia Copper Week […]
Devisen: Eurokurs legt leicht zu – Pfund stoppt vorerst Talfahrt
FRANKFURT (dpa-AFX) – Der Euro ist am Freitag leicht gestiegen. Am Morgen wurde die Gemeinschaftswährung bei 1,1346 US-Dollar gehandelt und damit etwas höher als am Vorabend. Die Europäische Zentralbank (EZB) hatte den Referenzkurs zuletzt am Donnerstagnachmittag auf 1,1305 Dollar festgesetzt. Marktbeobachter rechnen bis zum späten Vormittag mit wenig Bewegung beim Eurokurs. Dann werden neue Daten […]
Gold prices edge higher amid Brexit turmoil
BENGALURU, Nov 16 (Reuters) – Gold prices rose on Friday as investors sought safe haven assets amid fears of a chaotic departure for Britain from the European Union. FUNDAMENTALS: * Spot gold was up 0.2 percent at $1,214.77 per ounce at 0121 GMT, while U.S. gold futures rose 0.1 percent to $1,215.6 per ounce. * […]
Shanghai zinc rallies after LME gains on low stockpiles; trade hopes help
SINGAPORE, Nov 16 (Reuters) – Shanghai zinc jumped more than 3 percent to its strongest in more than two weeks on Friday as LME stockpiles fell to a decade-low, with signs that China may be moving to calm its trade dispute with the United States also boosting prices. China has delivered a written response to […]
Kupfer zieht weiter an – Hoffen auf China
(shareribs.com) London 15.11.2018 – Die Kupfer und Aluminium bewegen sich an London nach oben. Die Marktteilnehmer spekulieren auf eine Reaktion Pekings auf die zuletzt schwächelnden Konjunkturdaten. Die chinesischen Konjunkturdaten für Oktober sind größtenteils draußen. Während diese überwiegend besser ausfielen als erwartet wurde, ist für Ökonomen dennoch klar, dass sich die Konjunktur verlangsamt hat. Dies würde auch […]
Zinkmarkt verharrt im Angebotsdefizit
London/ Shanghai (Godmode-Trader.de) – Zink schlug sich am Mittwoch erfolgreicher als die anderen Basismetalle, wobei der meistgehandelte Januar-Kontrakt des Metalls an der SHFE um 1,4 Prozent auf 3.028 Dollar pro Tonne stieg. An der LME stieg der Zinkpreis seit gestern um gut 3 Prozent und notiert mit rund 2.580 US-Dollar je Tonne. „Während Chinas Anlageinvestitionen […]
