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.
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.
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.
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。
* 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)
* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl
(Updates with closing prices)
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.
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.
* Platinum market surplus was 498,000 oz last year
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