Maytaal Angel

EU sugar rises as regional market tightens, world prices languish

08 Apr 2019

LONDON Spot sugar prices in the European Union are recovering from last year's record lows as world prices languish, prompting a pick-up in imports to one of the few global regions where output is slumping.

Euro pricing likely to delay LME's Europe steel contract to 2020

14 Mar 2019

* Traders vocal about needing a euro-priced LME steel contract

LME launches seven new contracts to try to boost volumes, profit

11 Mar 2019

LONDON The London Metal Exchange (LME) launched seven new cash-settled futures contracts on Monday, including hot-rolled coil (HRC) steel, alumina and cobalt, aiming to attract more business after profits fell last year.

UPDATE 1-LME launches seven new contracts to try to boost volumes, profit

11 Mar 2019

* FACTBOX on details of new contracts: (Updates with start of trading, adds comment)

Exclusive: Thyssen, Tata on collision course with Europe over JV - sources

07 Mar 2019

LONDON/FRANKFURT/DUESSELDORF Thyssenkrupp and Tata Steel will not go very far in concessions to gain approval for a planned steel venture, four people familiar with the matter said, adding their offer might not be enough to satisfy the European Commission.

EXCLUSIVE-Thyssen, Tata on collision course with Europe over JV - sources

07 Mar 2019

* Thyssenkrupp, Tata Steel to form Europe's No.2 steel group (Adds context on remedies, details from sources)

METALS-Copper steadies after scaling eight-month peaks

26 Feb 2019

* Dollar hits three-week low, underpins copper (Recasts, adds closing prices)

METALS-Zinc hits two-week low on strong dollar, global growth woes

12 Feb 2019

* Hopes for U.S.-China trade deal not enough to lift metals * Global growth slowing, China struggling to stimulate -analyst * Zinc to find support at $2,400-$2,500 as stocks dwindle (Adds closing prices) By Maytaal Angel LONDON, Feb 12 Zinc fell for a third session on Tuesday, hitting its lowest in more than two weeks as the dollar held near a two-month high and investors remained concerned about global economic growth. In wider markets, global equities rallied as investors grew more optimistic about U.S.-China trade talks and cheered Washington's deal to avoid another government shutdown, but this was not enough to lift metals. "The rational for higher (metals) prices right now is not stacking up," said Bank of America-Merrill Lynch analyst Michael Widmer. "There (has been) higher confidence that maybe if we get a trade deal we'll get higher prices, if China data improves we'll get higher prices. But realistically, for now, the U.S. is slowing, Europe is going nowhere and China is finding it hard to stimulate its economy." He added, however, that zinc should find support at about $2,400 to $2,500 a tonne because of tight stocks. Benchmark zinc on the London Metal Exchange shot up by nearly a fifth in the month to Feb. 5, when it touched a seven-month peak of $2,810 a tonne, but has since slipped. It ended down 1.4 percent at $2,608 a tonne, having hit a low of $2,602.50. * ZINC STOCKS: Underpinning zinc, data showed LME inventories of the metal eroded further to their lowest since January 2008. * ZINC TECHNICALS: Zinc attracted additional selling on Monday after it breached the 200-day moving average at $2,662.51. * SPREADS: Cash zinc traded at a premium of $1 a tonne to the three-month price , off a high of $125 in early December, though Citi said the reduced tightness in the spreads was lulling the market into "a false sense of looseness". * DEMAND: "The seasonal demand pick-up in the second quarter has the potential to almost wipe out (zinc) exchange stocks. Our short-term point price target remains $2,800, but by the end of the year we expect zinc to trade down to $2,400," Citi said. * TRADE TALKS: U.S. Trade Representative Robert Lighthizer arrived in the Chinese capital on Tuesday ahead of high-level trade talks scheduled this week for the world's two largest economies to hammer out a deal ahead of a March 1 deadline. * THYSSENKRUPP: German steel-to-elevators group Thyssenkrupp on Tuesday warned of a darkening economic backdrop, including a weakening automotive market, signalling tough times for its capital goods business ahead of a planned separation. * OTHER METALS: Copper ended 0.7 percent down at $6,106, aluminium lost 1 percent to $1,862, lead ended down 0.5 percent at $2,035, nickel closed 0.6 percent down at $12,410 and tin finished down 0.5 percent at $20,925. (Additional reporting by Naveen Thukral Editing by David Goodman and Kirsten Donovan)

METALS-Nickel falls, concerns over Vale supply linger

05 Feb 2019

* Analysts say nickel's gains on Vale disaster overdone (Adds closing prices)

Glencore nears $500 million deal to buy iron ore from Brazil's CSN: sources

01 Feb 2019

LONDON Global trader Glencore is close to finalizing a deal to make a $500 million payment to the mining arm of Brazil's Companhia Siderurgica Nacional (CSN) for iron ore cargoes to be delivered over five years, sources familiar with the matter said.

World News