Paranapanema sees stable copper prices
Brazilian copper producer Paranapanema expects relatively stable copper prices and treatment and refining charges (TC/RCs) during the fourth quarter compared with the July-September period, chief executive officer Marcos Camara told Fastmarkets MB on Friday October 26. The company estimates the London Metal Exchange three-month copper price to range $6,000-6,500 per tonne until year-end. TC/RCs, the […]
SHFE base metals prices mostly gain on positive data from China
Base metals prices on the Shanghai Futures Exchange were predominantly higher during Asian morning trading on Monday October 29, with zinc showing the biggest gains on depleting inventories; meanwhile tin and nickel prices fell. Base metals on the SHFE this morning were buoyed by positive sentiment on news that China would continue to implement its […]
dpa-AFX-Überblick: UNTERNEHMEN vom 26.10.2018
LUDWIGSHAFEN – Die Integration von Bayer-Geschäftsteilen und abflauende Geschäfte mit der Autoindustrie haben beim Chemiekonzern BASF im Sommer deutliche Spuren beim Gewinn hinterlassen. Zudem fielen höhere Kosten etwa für die Instandhaltung von Anlagen sowie deutlich gestiegene Ausgaben für Rohstoffe an. Auch der niedrige Wasserstand des Rheins hinterließ Spuren. „Über das gesamte dritte Quartal hat uns […]
Copper slides as equity markets rout rattles investors
LONDON, Oct 26 (Reuters) – Copper fell 1.5 percent on Friday as global stocks headed for their worst week in more than five years, overshadowing worries over the sharp shortage of supply building in the market. Available London Metal Exchange copper inventories fell to their lowest in nearly 13 years while cash copper traded at […]
Devisen: Euro weiter unter 1,14 US-Dollar
FRANKFURT (dpa-AFX) – Der Euro hat am Freitag weiter unter der Marke von 1,14 US-Dollar notiert. Am Morgen kostete die Gemeinschaftswährung 1,1360 Dollar und damit in etwa so viel wie am Vorabend. Damit kostet der Euro so wenig wie sei gut zwei Monaten nicht. Die Europäische Zentralbank (EZB) hatte den Referenzkurs am Donnerstagnachmittag auf 1,1416 […]
Hydro announces Q3 results
(Strategic Research) Hydro’s underlying earnings before financial items and tax increased to NOK 2,676 million in the third quarter, up from NOK 2,446 million for the same quarter last year, reflecting higher all-in aluminium and alumina prices, positive currency effects and strong contribution from the Energy business area. Continued production curtailment at the Alunorte alumina […]
Vedanta to start 250,000 tonne copper rod mill in Silvassa
BloombergQuint reported that Vedanta Ltd said that it will start a copper rod mill in Silvassa by the year end. The mill, which will convert copper cathodes into rods for manufacturing various products, will have a capacity of 250,000 tonnes per annum. Mr P Ramnath, chief executive officer of Sterlite Copper, told BloombergQuint “The company […]
EUROPEAN MORNING BRIEF 26/10: Vale nickel price hits 10-year high
(MB) Base metal prices on the Shanghai Futures Exchange were mostly down during Asian morning trading on Friday after a firm dollar continued to put downward pressure on the complex. Copper and lead were the only metals to register gains – albeit marginal ones – in the early session, with supply tightness in both providing […]
London copper retreats, heads for 2nd straight weekly drop
BEIJING, Oct 26 (Reuters) – London copper prices retreated by more than 1 percent on Friday, wiping out Thursday’s gains from a sharp drop in inventories, as concerns over the impact of a U.S.-China trade row on demand for industrial metals returned to focus. The metal had risen 0.8 percent in the previous session after […]
US-Handelsdefizit steuert auf Rekordhoch zu
WASHINGTON (dpa-AFX) – Die USA steuern auf ein Rekorddefizit im Außenhandel zu. Im September sei der Fehlbetrag bis auf 76 Milliarden US-Dollar gestiegen, teilte das Handelsministerium am Donnerstag nach Vorlage von vorläufigen Daten mit. Einen höheres Defizit hatte die größte Volkswirtschaft der Welt noch nie verzeichnet. Die endgültigen Handelsdaten für September stehen am 2. November […]
