Aluminium hits two-month highs – 9Finance

Aluminium hits two-month highs – 9Finance

Aluminium prices touched two-month highs overnight as hopes for stronger demand in top consumer China buoyed sentiment, but an oversupplied global market and large surpluses are expected to cap gains. Benchmark aluminium on the London Metal Exchange (LME) was up 0.8...
Aluminium hits two-month highs – 9Finance

Gold pares gains as equities firm

Gold pared gains overnight, having risen 1 per cent earlier in the session, pressured by an advance in Wall Street, but escalating tensions between the United States and China kept the bullion supported. Spot gold rose 0.2 per cent to $US1,712.35 per ounce by 1821...
Aluminium hits two-month highs – 9Finance

Oil rises as refineries offset crude build

Oil futures rose about 2 per cent overnight as a steady improvement in US refining activity offset a surprise build in crude and diesel inventories. Brent for July rose 55 cents, or 1.6 per cent, to settle at $US35.29 a barrel on its second to last day as the...
Aluminium hits two-month highs – 9Finance

ASX set to open lower on US-China tension

Sharemarket investors can expect the ASX to open lower after fears in US markets overnight about rising US-China tensions. The SPI 200 futures contract was lower by 20 points, or 0.34 per cent, to 5,836.0 at 0705 AEST on Friday, indicating losses in early trade. In...
Aluminium hits two-month highs – 9Finance

New Hope sees hit from coal price slump

Miner New Hope Corp says a sudden drop in thermal coal prices and lower output from its Queensland operations will hurt its financial performance in the second half of the year. “As a result of reduced electricity demand across most global markets, thermal coal...