London nickel fell on Wednesday, after a short rebound in the previous session, while Shanghai nickel rose tracking overnight gains in London. Three-month nickel on the London Metal Exchange fell 1.1% to $16,320 a tonne by 0231 GMT, reversing a 2.5% jump in the previous session.
By Andy Home. Another year, another portfolio review by Alcoa (AA). The U.S. aluminium producer has just announced a five-year review of around 4.0 million tonnes of alumina capacity and 1.5 million tonnes of smelter capacity. Assets will be improved, curtailed, closed or sold.
* UK PM Boris Johnson faces votes at 1800 GMT. * Traders see 89% chance for 25-bps rate cut by Fed- FEDWATCH. By K. Sathya Narayanan. Gold steadied in a tight range on Tuesday as investors adopted a cautious approach ahead of a crucial Brexit vote, while focus shifted to the U.S. Federal Reserve's stance on interest rate cuts. Spot gold was steady at $1,484.60 per ounce as of 1:41 p.m. EDT.
* Aluminium Production by Power Source: https://tmsnrt.rs/2P737Hx. By Andy Home. Another year, another portfolio review by Alcoa (AA). The U.S. aluminium producer has just announced a five-year review of around 4.0 million tonnes of alumina capacity and 1.5 million tonnes of smelter capacity. Assets will be improved, curtailed, closed or sold.
Armed men invaded a metallurgical plant owned by South Africa's DRDGOLD on Monday night, killing the gold miner's chief security officer and stealing an estimated 17 kg of gold, the company said. DRDGOLD's chief security officer Bart Coetzee was fatally wounded in an exchange of gunfire during the attack at the Ergo plant in Brakpan, about 45 km east of Johannesburg.
Copper prices were nearly flat on Tuesday, as traders gauged the impact of intensifying protests in top producer Chile on supplies. The union of workers at the world's largest copper mine, BHP's Escondida, said they would hold a day-long strike on Tuesday in solidarity with protests rocking Chile.
* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl. * Premium for cash copper over three-month contract slides. By Pratima Desai. Copper prices rose to one-month highs on Monday as protests in major producer Chile fuelled concern about supplies and the prospect of easing trade tensions between China and the United States boosted sentiment.
* Bullish positions in COMEX gold, silver contracts cut. * Dollar on track for worst month since January 2018. By K. Sathya Narayanan. Gold prices were steady on Monday as U.S. dollar weakness offset gains in equities, while investors awaited further clarity from the U.S. Federal Reserve on interest rates cuts this year. Spot gold was up 0.1% at $1,490.97 per ounce as of 10:23 a.m. EDT. "...
* Investors await gold pull back to step in -analyst. * Japan, South Korea see weak exports in midst of trade spat. By Karthika Suresh Namboothiri. Gold prices were little changed on Monday as investors waited for more clarity on U.S.-China trade negotiations, and Brexit after British parliamentarians delayed a crucial vote on the divorce deal.
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