LONDON (Reuters) – Luvata expects higher sales of copper products used in renewable energy in coming months and years as governments around the world look away from nuclear power, a company executive told Reuters.
Japan’s earthquake and tsunami, which has crippled some of the country’s nuclear power plants, has thrown the spotlight on renewable energy as an alternative, said Jussi Helavirta, head of Luvata’s special products division said this week.
LONDON, April 13 (Reuters) – Narrowing market price ranges
suggest now may be a good time for consumers and producers to
take advantage of the cheaper cost of hedging their exposure to
copper and aluminium, analysts said.
Hedging or insuring using options — contracts which give
holders the right to buy or sell the three-month metal contract
on the London Metal Exchange at a fixed price in the future –
now costs less because volatility has tumbled, for now at least.
LONDON (Reuters) – Gold rose on Wednesday as investors bought the precious metal on fears that a key vote in Portugal could topple the country’s government and on soaring tensions in the Middle East.
Spot gold was bid at $1,430.10 a troy ounce at 1012 GMT from $1,429.50 late in New York on Tuesday. The precious metal hit a record high of $1,444.40 an ounce on March 7.
NEW YORK/LONDON (Reuters) – A jump in Japanese shares buoyed global equities on Tuesday while the U.S. dollar tumbled to 15-month lows against the index of major currencies and was expected to weaken further.
The benchmark Nikkei average jumped 4.4 percent as traders in Tokyo returned from a national holiday to recoup some of last week’s losses of more than 10 percent.
LONDON (Reuters) – World stocks put in solid gains on Tuesday as concerns eased about the impact of Japan’s triple disaster on world growth prospects and traders in Tokyo returned from a national holiday to recoup some of last week’s losses.
Buyers expecting the economy will also ride out continuing unrest in the Middle East emerged to tap cheap valuations, while the euro rose to its highest in four and a half months against the dollar.
LONDON, March 22 (Reuters) – World stocks put in solid gains
on Tuesday as concerns eased about the impact of Japan’s triple
disaster on world growth prospects and traders in Tokyo returned
from a national holiday to recoup some of last week’s losses.
Buyers expecting the economy will also ride out continuing
unrest in the Middle East emerged to tap cheap valuations, while
the euro rose to its highest in four and a half months against
LONDON (Reuters) – Gold rose on Thursday, sustained by a rise in ETF holdings, stronger physical demand and a weaker dollar, but investor selling to cover losses in other markets limited gains.
Platinum and palladium fell as the market fretted about a loss of demand due to car plant closures in Japan after the earthquake. Platinum and palladium tumbled to 3-1/2 month lows of $1,654 and $684.50 an ounce respectively.
LONDON, March 14 (Reuters) – Spot uranium prices are
expected to slide as speculators cash out and confidence in
nuclear power is shaken in the wake of an earthquake in Japan
that has left it struggling to avert a nuclear meltdown.
The longer-term outlook for uranium may be less negative,
however, since many countries such as China are expected to
press ahead with nuclear energy as a carbon-free alternative to
meet commitments about global warming.
LONDON (Reuters) – Gold slipped alongside oil on Friday but was supported after a major earthquake struck Japan and investors fretted about unrest in the Middle East.
It is on track for its biggest weekly decline since early January, down about $30 since hitting a lifetime high of $1,444.40 a troy ounce on Monday.
LONDON (Reuters) – Glencore GLEN.UL, the world’s largest commodity trader, is aiming for an initial public offering (IPO) in May, a source close to the situation said.
There has been speculation that Glencore could try to squeeze out an IPO before Easter, which falls toward the end of April, although sources familiar with the situation have said no decision on whether to go ahead has yet been taken.