Base Metal Stocks Articles

POSITIONAL HOLD / CARRY ZincMini Calls – BUY 2 lot ZincMini March at CMP 144.20 Add more if price 143.10 with SL 141.90 for Target 146 – 147.50

24/03/2020 6:05 PM / Vaidik Calls

ZincMini Calls – BUY 2 lot ZincMini March at CMP 144.20 Add more if price 143.10 with SL 141.90 for Target 146 – 147.50 Read More

IN CASE YOU MISSED IT: 5 key stories from March 23

March 24, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday March 23 that are worth another look.ArcelorMittal is idling two blast furnaces, in Indiana and Canada, due to the spread of the novel coronavirus (2019-nCoV) and its impact on end markets.South Africa will enter a 21-day nationwide lockdown from midnight on Thursday March 26 and ordered the country's metals and mining operations to...Read More

HOTTER ON METALS: South Africa shows coronavirus scenario planning is tricky

March 24, 2020 / Staff reporter

Metals, mining and alloy producers have been scenario-planning in response to the novel coronavirus. The South African government appears to have just removed all but one option.President Cyril Ramaphosa ordered the country's mineral resources industry to shut underground mines and furnaces from Thursday March 26, unless they can be operated remotely. The shutdown will last for three weeks an...Read More

LIVE FUTURES REPORT 23/03: LME nickel below $11,000/t in 3.5% sell-off; tin struggles to hold gains

March 24, 2020 / Staff reporter

The London Metal Exchange three-month nickel price continued its downturn up to the close of trading on Monday March 23, falling over 3.5% and dipping below nearby support levels, while tin futures failed to hold on to Friday's gains. Nickel's underlying price on the LME closed at $10,880 per tonne on Monday afternoon, its lowest closing price since December 2018, while turnover was high at more t...Read More

IN CASE YOU MISSED IT: 5 key stories from March 23

March 24, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday March 23 that are worth another look.ArcelorMittal is idling two blast furnaces, in Indiana and Canada, due to the spread of the novel coronavirus (2019-nCoV) and its impact on end markets.South Africa will enter a 21-day nationwide lockdown from midnight on Thursday March 26 and ordered the country's metals and mining operations to...Read More

Covid-19: A message from Fastmarkets CEO Raju Daswani

March 24, 2020 / Staff reporter

Fastmarkets will continue to provide the price data, news and analytics you rely on in these turbulent times.Dear Colleagues,First and foremost, we hope that you, your family, your friends and your colleagues are keeping well in these uncertain times. Covid-19 has disrupted our economy, our normal work patterns and, for many, our lives. Before I speak to the status of our business continuity...Read More

HOTTER ON METALS: South Africa shows coronavirus scenario planning is tricky

March 24, 2020 / Staff reporter

Metals, mining and alloy producers have been scenario-planning in response to the novel coronavirus. The South African government appears to have just removed all but one option.President Cyril Ramaphosa ordered the country's mineral resources industry to shut underground mines and furnaces from Thursday March 26, unless they can be operated remotely. The shutdown will last for three weeks an...Read More

ALUMINA SNAPSHOT: Australia alumina price down to May 2017 low

March 24, 2020 / Staff reporter

Key pricing data from the alumina index, fob Australia pricing session on Monday March 23. Key drivers Fastmarkets' daily alumina index, fob Australia, to $272.41 per tonne on Monday from $275.47 per tonne on Friday March 20. The index is now at its lowest level since May 18, 2017, when the price was $272.10 per tonne. Marks a...Read More

Five ways the coronavirus is affecting the minors, ores and alloys markets

March 24, 2020 / Staff reporter

The spread of the novel coronavirus (2019-nCoV) outside China has brought with it logistical restrictions, a reconsideration of raw material requirements and concerns over possible disruptions to supply in the coming weeks. Here are five things under consideration by the minor metals and ferro-alloys markets while the situation develops. Adjustments to delivery and payment terms to mitigate risk T...Read More

IN CASE YOU MISSED IT: 5 key stories from March 23

March 24, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday March 23 that are worth another look.ArcelorMittal is idling two blast furnaces, in Indiana and Canada, due to the spread of the novel coronavirus (2019-nCoV) and its impact on end markets.South Africa will enter a 21-day nationwide lockdown from midnight on Thursday March 26 and ordered the country's metals and mining operations to...Read More

TECH & ELECTRONICS: Track the downstream impact of novel coronavirus

March 24, 2020 / Staff reporter

The spread of the novel coronavirus (2019-nCoV) is causing disruption to immediate supply chains and future demand forecasts across the technology and consumer electronics sector. Since the outbreak gathered pace in January 2020, companies including Apple and Samsung have closed plants, shifted production, and in some cases, revised revenue forecasts. The far-reaching effects of the virus on the g...Read More

DAILY SCRAP REPORT: Market participants fear the worst in terms of coronavirus impact

March 24, 2020 / Staff reporter

The Turkish deep-sea scrap import market started the week in silence on Monday March 23, with some fearing the worst is yet to come with regard to the impact of the novel coronavirus (2019-nCoV), sources told Fastmarkets.The market has been quiet since a $23.90-per-tonne day-on-day price drop on Wednesday March 18, following news of a fresh cargo.Since then, market participants have turned increas...Read More

TURKEY FERROUS SCRAP: Prices fall sharply as some mills stop buying

March 24, 2020 / Staff reporter

Turkish domestic auto bundle scrap prices have fallen sharply over the past week, in line with declining scrap import values, with some mills stopping their scrap purchases, sources said on Monday March 23.Turkish scrap import prices fell by 9% last week, amid the novel coronavirus (2019-nCoV) pandemic.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $249.0...Read More

Covid-19: A message from Fastmarkets CEO Raju Daswani

March 24, 2020 / Staff reporter

Fastmarkets will continue to provide the price data, news and analytics you rely on in these turbulent times.Dear Colleagues,First and foremost, we hope that you, your family, your friends and your colleagues are keeping well in these uncertain times. Covid-19 has disrupted our economy, our normal work patterns and, for many, our lives. Before I speak to the status of our business continuity...Read More

IN CASE YOU MISSED IT: 5 key stories from March 23

March 24, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday March 23 that are worth another look.ArcelorMittal is idling two blast furnaces, in Indiana and Canada, due to the spread of the novel coronavirus (2019-nCoV) and its impact on end markets.South Africa will enter a 21-day nationwide lockdown from midnight on Thursday March 26 and ordered the country's metals and mining operations to...Read More

Covid-19: A message from Fastmarkets CEO Raju Daswani

March 24, 2020 / Staff reporter

Fastmarkets will continue to provide the price data, news and analytics you rely on in these turbulent times.Dear Colleagues,First and foremost, we hope that you, your family, your friends and your colleagues are keeping well in these uncertain times. Covid-19 has disrupted our economy, our normal work patterns and, for many, our lives. Before I speak to the status of our business continuity...Read More

MORNING VIEW: Selling dominates again after brief pause at end of last week

March 24, 2020 / Staff reporter

The rebounds in the metals toward the end of last week do seem to have been countertrend moves as expected; this morning, Monday March 23, the base metals are down across the board on the London Metal Exchange and Shanghai Futures Exchange. Asian Pacific equity indices were mainly lower this morning, the exception was Japan's Nikkei, but it was closed on Friday for a national holiday, as such, the...Read More

TECH & ELECTRONICS: Track the downstream impact of novel coronavirus

March 24, 2020 / Staff reporter

The spread of the novel coronavirus (2019-nCoV) is causing disruption to immediate supply chains and future demand forecasts across the technology and consumer electronics sector. Since the outbreak gathered pace in January 2020, companies including Apple and Samsung have closed plants, shifted production, and in some cases, revised revenue forecasts. The far-reaching effects of the virus on the g...Read More

PEOPLE MOVES: Hermes Belous Freire joins Sumitomo Corp

March 24, 2020 / Staff reporter

Hermes Belous Freire has joined Sumitomo Corp as sales manager for cobalt briquettes. Belous Freire is currently based in Switzerland as a consultant, but will relocate to...Read More

Argentina lithium projects suspended on virus lockdown

March 24, 2020 / Staff reporter

Argentina's lithium brine industry have announced that they will suspend their on-site project works until the end of March after the Argentinian government imposed a nationwide lockdown to stem the spread of the novel coronavirus (2019-nCoV) in the country.Australian lithium miners Galaxy Resources and Orocobre announced the suspension of on-site operations at their Argentinian projects on Monday...Read More

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