Copper dips as equities catch investors‘ fancy
SYDNEY, Jan 12 (Reuters) – Copper prices eased in early Asian trading on Friday, hurt by a shift to stocks due to U.S. earnings optimism and a rise in oil prices. Nickel was also weaker, with the active China futures contract following London metal lower. FUNDAMENTALS: * COPPER: Three-month copper on the London Metal Exchange […]
Indonesia lays groundwork for transfer of Grasberg mine to local control
JAKARTA, Jan 12 (Reuters) – Indonesian regional and central government officials on Friday signed an agreement with state holding company PT Inalum that lays the foundation for the transfer of Freeport-McMoRan Inc’s giant Grasberg copper mine to local control. Indonesia and Papua have long pushed for greater control over Grasberg and the new ownership structure […]
Euro nach starken Vortagesgewinnen weiter über 1,20 Dollar
FRANKFURT (dpa-AFX) – Der Euro hat am Freitag seine starken Kursgewinne vom Vortag halten können. Am Morgen wurde die Gemeinschaftswährung bei 1,2043 US-Dollar gehandelt und damit etwas höher im Kurs als am Vorabend. Die EZB hatte den Referenzkurs zuletzt am Donnerstagnachmittag auf 1,2017 (Mittwoch: 1,1992) Dollar festgesetzt. Am Donnerstag war der Euro um etwa einen […]
Shanghai copper dips as China imports slow in Dec
SYDNEY, Jan 12 (Reuters) – Chinese copper futures eased on Friday after data showed a sharp decline in the country’s imports of the red metal in December. China’s unwrought copper imports fell 4.3 percent in December from a month earlier, according to Chinese customs data. But commodities traders said the decline was softened as imports […]
EZB-Aussagen lassen Eurokurs wieder über 1,20 US-Dollar klettern
NEW YORK (dpa-AFX) – Aussagen der Europäischen Zentralbank (EZB) haben dem Eurokurs am Donnerstag einen deutlichen Schub gegeben. Die Gemeinschaftswährung kletterte wieder deutlich über 1,20 US-Dollar. Nach bis zu 1,2059 Dollar im europäischen Nachmittagshandel wurden in New York zuletzt noch 1,2038 Dollar bezahlt. Den Referenzkurs hatte die EZB davor auf 1,2017 (Mittwoch: 1,1992) Dollar festgesetzt. […]
Industriemetalle weiter fest, Nickel korrigiert
(shareribs.com) London 11.01.18 – Die Industriemetalle zeigen sich heute an der LME erneut fester. Vor allem Zink kann zulegen, während es bei Nickel zu leichten Gewinnmitnahmen kommt, nachdem zuvor das höchste Niveau seit mehr als zwei Jahren erreicht wurde. Der US-Dollar zeigt sich am Donnerstag erneut leichter, der Dollarindex verliert 0,2 Prozent auf 92,165 USD. Damit […]
Gold hits near 4-month high as dollar slides on China report
LONDON, Jan 10 (Reuters) – Gold jumped to its highest in nearly four months on Wednesday as a report that Chinese officials had recommended slowing or halting U.S. Treasury purchases sparked a broad-based sell-off of the dollar, lifting assets priced in the U.S. currency. The dollar, already under pressure versus the yen after the Bank […]
Congo considers more than doubling cobalt royalties
DAKAR, Jan 10 (Reuters) – Democratic Republic of Congo is considering more than doubling royalties on cobalt, a key ingredient in lithium-ion batteries, under a new mining code nearing parliamentary approval, the mines minister said on Wednesday. Nearly two-thirds of the world’s cobalt comes from Congo. Demand for the metal has surged due to expected […]
Nickel pushes through technical levels to 2-1/2 year high
LONDON, Jan 10 (Reuters) – Nickel broke through key technical levels to reach its highest since 2015 on Wednesday as a sharply weaker dollar helped push dollar-denominated industrial metals broadly higher by making them cheaper for users of other currencies. “The whole industrial metals complex is being supported by a weaker dollar,” said ING analyst […]
Rio Tinto Receives Binding Offer For Dunkerque For $500 Mln
Jan 10 (Reuters) – Rio Tinto Plc: RECEIVED A BINDING OFFER FROM LIBERTY HOUSE TO ACQUIRE RIO TINTO‘S ALUMINIUM DUNKERQUE SMELTER IN NORTHERN FRANCE FOR $500 MILLION * HAS RECEIVED A BINDING OFFER FROM LIBERTY HOUSE TO ACQUIRE RIO TINTO‘S ALUMINIUM DUNKERQUE SMELTER IN NORTHERN FRANCE FOR $500 MILLION, SUBJECT TO FINAL ADJUSTMENTS * SUBJECT […]
