Edition:
United Kingdom

Peter Hobson

METALS-Copper has worst week since December as dollar firms

22 Mar 2019

LONDON, March 22 Copper prices fell on Friday as weak European and U.S. factory data spread gloom about the global economic outlook and strengthened the dollar.

Investor flows suggest platinum on cusp of recovery

20 Mar 2019

LONDON Rapid flows of investor money into physically backed platinum exchange-traded funds (ETFs) and a sharp drop in speculative bets on lower prices suggest the autocatalyst metal is on the verge of a recovery.

CORRECTED-METALS-Zinc jumps to 8-month high on fears of supply crunch

13 Mar 2019

LONDON, March 12 Zinc prices jumped to an eight-month peak on Tuesday, driven higher by a supply shortfall, dwindling stockpiles on the London Metal Exchange (LME) and expectations of solid demand from top consumer China.

金属期市:期铜下滑,因LME供应紧俏情况得到缓解

07 Mar 2019

路透伦敦3月7日 - 铜价周四下跌,因库存上升,现货铜较三个月期铜升水下跌,表明伦敦金属交易所(LME)的供应紧张局面可能正在缓解。

Platinum market set for biggest surplus in at least 6 years - WPIC

06 Mar 2019

* Oversupply seen at 680,000 oz this year * Investors to drive first rise in demand since 2015 * Supply to receive one-off boost from South African mines By Peter Hobson LONDON, March 6 The global platinum market will see its largest surplus since at least 2013 this year, the World Platinum Investment Council (WPIC) said on Wednesday. In its latest Platinum Quarterly report, the WPIC forecast an oversupply of 680,000 ounces in 2019 after a surplus of 645,000 ounces last year. It said consumption of platinum would increase by 5 percent -- the first increase since 2015 -- to 7.74 million ounces in 2019 thanks to resurgent demand from investors. But supply will rise slightly faster, it said, largely due to the release on to the market of material accumulated by mines in South Africa, the biggest producer, during upgrades and maintenance over 2017 and 2018. The platinum market flipped from a deep deficit earlier this decade to a surplus and prices of around $840 an ounce remain close to 10-year lows reached in August last year. Consumption by industry, auto makers and jewellery manufacturers will fall this year, but the pace of decline from the auto sector -- the largest source of platinum demand - will slow from previous years, the miner-funded WPIC said. Platinum and sister metal palladium are used in emissions-cutting autocatalysts, but platinum is used more in diesel engines whose popularity plummeted after Volkswagen was found to have cheated emissions tests in 2015. The WPIC said diesel engine sales were stabilising and tightening emissions regulation would support platinum demand. PLATINUM SUPPLY/DEMAND ('000 oz)* 2019(f) 2018 % change Mine supply 6,460 6,100 6% Recycling 1,960 1,910 3% TOTAL SUPPLY 8,420 8,010 5% Automotive demand 3,000 3,100 -3% Jewellery demand 2,325 2,355 -1% Industrial demand 1,885 1,895 -1% Investment 530 15 3433% TOTAL DEMAND 7,740 7,365 5% Balance 680 645 5% Above-ground stocks 3,495 2,815 24% * Source: World Platinum Investment Council, Platinum Quarterly Q4 2018 (Reporting by Peter Hobson; Editing by Kirsten Donovan)

METALS-Copper chalks up biggest monthly gain since December 2017

28 Feb 2019

* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with closing prices)

METALS-Copper rises after Indian court knocks back smelter reopening

18 Feb 2019

LONDON, Feb 18 Copper prices rose on Monday on concerns that supply will tighten after a court ruling cast doubt on the future of a smelter in India and a large mine in Indonesia said its export permit had expired.

Copper rises after Supreme Court knocks back Vedanta smelter reopening

18 Feb 2019

LONDON Copper prices rose on Monday on concerns that supply will be tight after a court ruling cast doubt on the future of a smelter in India and a large mine in Indonesia said its export permit had expired.

UPDATE 1-Palladium supply shortfall will worsen this year -Johnson Matthey

13 Feb 2019

* Platinum market surplus was 498,000 oz last year (Adds detail)

METALS-Copper rally stalls as Trump revives trade war fears

08 Feb 2019

LONDON, Feb 8 Copper was set for a fifth week of gains on Friday but the rally faltered after U.S. President Donald Trump said he did not plan to meet China's Xi Jinping before a March 1 deadline for the two countries to achieve a trade deal.

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