Chinese cobalt metal producers mull output cut on falling prices in domestic market
The price of cobalt metal in China continued to drift lower in the midweek session on Wednesday October 31, prompting some producers to consider cutting output to mitigate losses. Fastmarkets MB’s Chinese domestic cobalt metal price dropped by 3.3% to 430,000-450,000 yuan per tonne ($24.15-25.28 per lb China VAT-free) on Wednesday, from 445,000-465,000 yuan per tonne […]
Shanghai aluminium extends falls to fresh 2-year low
BEIJING, Nov 1 (Reuters) – Most Shanghai base metals fell on Thursday, with aluminium hitting a fresh two-year low, on concerns that an escalating Sino-U.S. trade row will hurt demand, while another batch of weak data from top metals consumer China added to the negative tone. China’s manufacturing sector barely grew last month after stalling […]
Gold: Experte macht wenig Hoffnung
New York (Godmode-Trader.de) – Derzeit notiert Gold bei rund 1.230 Dollar je Feinunze. Das ist der höchste Stand seit vier Monaten. Und es ist deutlich mehr als noch Mitte August, als Gold bei 1.175 US-Dollar auf seinem bisherigen Jahrestiefstand notierte. Und dennoch ist das Edelmetall von den 1.365 US-Dollar, die es zu Jahresbeginn kostete, noch […]
Kupfer fällt auf Siebenwochentief
London (GodmodeTrader.de) – Der Kupferpreis konsolidiert im weiteren Handelsverlauf zur Wochenmitte die zuletzt deutlichen Verluste bis 6.010,50 US-Dollar je Tonne im Tief – ein Siebenwochentief. Hintergrund der neuerlichen Verluste war die Drohung von US-Präsident Donald Trump, neue Zölle auf weitere Importe aus China einzuführen, wenn es im November zu keinem Verhandlungsergebnis mit den Chinesen komme. […]
Gold dips on dollar; still set for biggest monthly gain since January
BENGALURU, Oct 31 (Reuters) – Gold slid to its lowest in nearly three weeks on Wednesday as the dollar jumped and stock markets regained momentum after a spate of heavy losses, but the metal remained on track for its biggest monthly gain since January. Gold is set to end a six-month run of losses in […]
Glencore lifts copper production 12% in Q3
Mining MX reported that Glencore posted solid third quarter numbers today in which copper production of 1.06 million tonnes was 12% higher than at the same period last year owing to the restart of Katanga’s processing operations in the Democratic Republic of Congo. Cobalt output jumped 8,700 tonnes to 28,500 tonnes. Goldman Sachs described the […]
Devisen: Eurokurs bewegt sich kaum
FRANKFURT (dpa-AFX) – Der Euro hat sich am Mittwoch nur wenig bewegt. Am Morgen wurde die Gemeinschaftswährung bei 1,1344 US-Dollar gehandelt und damit nahezu zum gleichen Kurs wie am Vorabend. Die Europäische Zentralbank (EZB) hatte den Referenzkurs zuletzt am Dienstagnachmittag auf 1,1372 Dollar festgesetzt. Damit hat sich der Euro nach den Verlusten vom Vortag vorerst […]
Gold industry sees prices rising to $1,532/oz over 12 months
BOSTON, (Reuters) – The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association’s annual gathering predicted on Tuesday. A poll of delegates at the LBMA conference in Boston also predicted higher prices in a year’s time for silver, platinum and palladium. Spot […]
Glencore hikes coal cost savings forecast by 50 pct
MELBOURNE, Oct 31 (Reuters) – Recent mine acquisitions have helped Glencore Plc achieve 50 percent more cost savings in its coal business than it had targeted, the world’s biggest exporter of coal for power plants said on Wednesday. Glencore had expected to achieve annual cash savings of more than $300 million in its coal business […]
Shanghai zinc, copper prices slide after downbeat China data
MANILA, Oct 31 (Reuters) – Zinc and copper prices fell in Shanghai on Wednesday after data showed that China’s manufacturing sector grew at its weakest pace in more than two years, dampening the outlook for demand in the world’s top metals consumer. Amid rising headwinds from the Sino-U.S. trade row, China’s official Purchasing Managers’ Index […]
