China’s booming alumina exports held steady in October
SHANGHAI, Nov 7 (Reuters) – China’s exports of alumina last month were roughly equal to September’s bumper volumes, the president of Aluminum Corp of China Ltd , said on Wednesday. “I estimate that October was more or less the same as September,” Lu Dongliang told Reuters on the sidelines of a signing ceremony at the […]
European automakers BMW, Volvo to trial new LME steel contracts
LONDON, Nov 6 (Reuters) – European automakers BMW and Volvo plan to experiment with steel contracts to be launched by the London Metal Exchange early next year, a move which could eventually change the way the industry hedges and prices contracts, industry sources said. The LME is launching three hot rolled coil (HRC) steel futures […]
Devisen: Eurokurs gibt Gewinne wieder ab
FRANKFURT (dpa-AFX) – Der Eurokurs hat am Dienstag zwischenzeitliche Gewinne wieder abgegeben. Im Mittagshandel kostete die Gemeinschaftswährung 1,1393 US-Dollar. Am Vormittag war der Euro nach robusten Konjunkturdaten bis auf 1,1426 Dollar gestiegen. Die Europäische Zentralbank (EZB) hatte den Referenzkurs am Montagnachmittag auf 1,1370 Dollar festgesetzt. Belastet wurde der Euro etwas durch die umstrittene italienische Haushaltspolitik. […]
Entspannung am Ölmarkt
Washington/ London/ Frankfurt (Godmode-Trader.de) – Die Einführung der Iran-Sanktionen warfen am Ölmarkt ihre langen Schatten bereits voraus, sodass am Tag der Inkraftsetzung die Reaktionen sehr verhalten ausfielen. Die Ölpreise stiegen am Montag kurzzeitig, haben die Gewinne aber wieder abgegeben und handeln heute leicht im Minus. Zu der Unaufgeregtheit trug auch bei, dass die USA Südkorea, […]
Metalle: Negativtrend für Basismetalle hält an
Bad Salzuflen (GodmodeTrader.de) – Platin und Palladium konnten im Oktober an die positive Entwicklung des Vormonats anknüpfen. Palladium erreichte sogar zwischenzeitlich ein Allzeithoch und legte insgesamt um zwei Prozent auf 1.081,50 US-Dollar je Feinunze zu, wie Martin Siegel, Edelmetallexperte und Geschäftsführer der Stabilitas GmbH, im aktuellen „Edelmetall- und Rohstoff-Report“ schreibt. „Der Palladiumanstieg wird vor allem […]
Mr Nikitin appointed as new CEO of Rusal
Mr Nikitin, aged 52, has been appointed by the Board of Rusal as the CEO of the Company with effect from 1 November 2018. Mr. Nikitin was appointed as the acting CEO of the Company in May 2018 and RUSAL’s Head of Aluminium Division in January 2014. Before that he held the office of Director […]
China’s Jan-Sept gold output down 7.46 pct y/y -industry association
BEIJING, Nov 6 (Reuters) – China’s gold output in the first three quarters of 2018 fell 7.46 percent from a year earlier to 289.75 tonnes, the China Gold Association said on Tuesday. Gold consumption in China rose 5.08 percent on-year to 849.7 tonnes, the association said in a statement on its website. China is the […]
Eramet update for Nickel division in Q3
Eramet announced that in Q3 2018, sales for the Nickel division ended at EUR 179 million, up 25% versus Q3 2017, mainly driven by the increase in nickel prices. Global stainless steel production is very dynamic, and was up 5.9%8 during the first nine months of the year versus the comparable 2017 period. This quarter […]
Gold prices steady, eyes on U.S. midterm elections
BENGALURU, Nov 6 (Reuters) – Gold prices were steady early Tuesday ahead of U.S. midterm elections that may fuel interest in the metal as a hedge against risk if the result sparks volatility in wider financial markets. FUNDAMENTALS: * Spot gold was largely unchanged at $1,230.77 per ounce, as of 0111 GMT. * U.S. gold […]
Aluminum trade groups urge U.S. tariff exemptions for Canada, Mexico
WASHINGTON, Nov 5 (Reuters) – Aluminum associations from the United States, Canada and Mexico urged their governments on Monday to reach a deal to eliminate U.S. tariffs on aluminum from Canada and Mexico without imposing any import quotas on their products. The heads of the U.S.-based Aluminum Association, Mexico’s IMEDAL and the Aluminum Association of […]
