Vedanta plans to inject INR 15000 crore in Odisha
Economic Times reported that Vedanta Resources Chairman Mr Anil Agarwal announced the company’s plan to inject INR 15:000 crore to raise the alumina refinery capacity at Lanjigarh three-fold to six mtpa and firm up downstream sector in Odisha in three years. The expansion of the Lanjigarh plant in phases would increase the capacity of the […]
Gold holds ground as dollar gains on Brexit turmoil
Nov 15 (Reuters) – Gold held steady on Thursday as the dollar regained momentum after Britain’s Brexit agreement was thrown into turmoil, offsetting limited interest in the metal from investors seeking cover from the political fallout. Spot gold was unchanged at $1,211.21 per ounce at 1057 GMT. Prices rose 1 percent in the previous session. […]
Gold prices inch higher as dollar eases
Nov 15 (Reuters) – Gold prices edged higher on Thursday as the dollar weakened against the pound and euro after the British cabinet approved the prime minister’s draft Brexit plan. Both spot gold and U.S. gold futures were up 0.1 percent, at $1,212.21 and $1,211.7 per ounce respectively at 0749 GMT. „There’s going to be […]
EUROPEAN MORNING BRIEF 15/11: SHFE base metals prices rebound
Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading on Thursday, reversing the previous day’s losses on a weaker dollar and easing trade tensions. Nickel premiums in China, the United States and Europe remained unchanged over the week amid limited activity, an unstable import window in Shanghai […]
VW rechnet in China mit anhaltender Marktschwäche
PEKING (dpa-AFX) – Der für die deutschen Autobauer wichtige Markt in China wird nach Ansicht von Volkswagen vorerst weiter stottern. „Der Markt ist eine Herausforderung. Seit Juni fällt jeder Monat schlechter aus“, sagte VW -China-Vorstand Jochem Heizmann am Donnerstag im Vorfeld der Automesse in der südchinesischen Stadt Guangzhou. Demnach ist für den Gesamtmarkt in diesem […]
Gold prices hold steady as dollar eases
Nov 15 (Reuters) – Gold prices held steady on Thursday, after rising nearly a percent in the previous session, as the dollar retreated further from a 16-month peak against a basket of currencies. FUNDAMENTALS * Spot gold was little changed at $1,210.65 per ounce at 0055 GMT. * U.S. gold futures were flat 0.1 percent […]
Birla Copper sees Indian copper demand doubling by 2026
SHANGHAI, Nov 15 (Reuters) – India’s refined copper consumption is set to more than double over the next eight years amid rising demand from the power, auto and consumer sectors, the chief executive of one of the country’s top copper smelters said on Thursday. The nation’s consumption of the metal is expected to rise to […]
Copper, aluminium edge up as investors eye potential Chinese stimulus
SINGAPORE, Nov 15 (Reuters) – London copper and aluminium prices rose slightly along with other metals on Thursday, with investors looking to potential stimulus spending in China after weak retail and credit growth data in October. “Following the release of weak credit data … the market expects stronger policy support over the coming months,” Alastair […]
Kupfer und Aluminium etwas fester
(shareribs.com) London 14.11.2018 – An der London Metal Exchange geht es für die Metallpreise am Mittwoch leicht nach oben. Die jüngsten chinesischen Konjunkturdaten liefern etwas Unterstützung, mit Skepsis werden aber die Daten zur Kreditvergabe aufgenommen. China meldete für den Monat Oktober ein Wachstum der Einzelhandelsumsätze um 8,6 Prozent. Der Rückgang fiel stärker aus als erwartet, im […]
Stahl: Chinesische Produktion steigt auf Rekordhoch
Frankfurt (GodmodeTrader.de) – Die chinesische Wirtschaft hat im Oktober wieder etwas an Schwung gewonnen. Darauf deuten zumindest die heute veröffentlichten Daten zur Industrieproduktion und den Anlageinvestitionen hin. Laut Angaben des Nationalen Statistikbüros (NBS) ist die Industrieproduktion im Vergleich zum Vorjahr um 5,9 Prozent gestiegen, während die Anlage-investitionen um 5,7 Prozent zulegten. Beides sind allerdings relativ […]
