Manganese ore producer Consolidated Minerals (Consmin) has had to delay shipments to China from Port Hedland in Western Australia as a result of disruption caused by the novel coronavirus (2019-nCov) outbreak."Due to the coronavirus, we have struggled to get vessels to take all our February tonnage, so our February [cargoes] will be sailing in March," a spokesman told Fastmarkets on Monday Fe...Read More

Hong Kong's Hang Seng was yesterday's exception, up 0.27%.Futures are pointing to another day of losses."Market participants are becoming resigned to the fact that the economic slowdown caused by the coronavirus may extend longer than previously anticipated," IG analyst Kyle Rodda explained in a column piece.China's top economic planner told reporters yesterday the country was making considerable...Read More

Shares in Firestone have plummeted from 56.5p in November 2016 to just 0.30p on Tuesday, as lower than expected diamond prices saw the company struggle to pay down debt.Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report chemical assays from two drill holes that intersected strong radioactivity early in the winter drilling program at the Hurricane zone. The Hurricane zone is a new discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of S...Read More

The A3c/share interim dividend was declared after the drilling business generated $7 million in operating cashflow from group revenue that increased 8% to $81.5 million.Read More

Join Fastmarkets' web seminar on what could be in store for the minor metals markets now most stocks formerly held by the Fanya Metal Exchange in China have been sold off in auctions.The whereabouts of minor metal stocks held by the now defunct Fanya Metals Exchange has been a weight on the outlook of minor metals prices and contract negotiations since the exchange collapsed in 2015.Fastmarkets wi...Read More

Silver has not risen at all. Just trade in the technical in silver. Corrections in gold are healthy. There are lots of US economic data next week. US various February jobs report will be there next week. Correction or profit booking in gold and silver will be there. Corrections will be healthy to ensure that the current rally in gold is a sustainable one. A continued one way rise will imply a bo...Read More

Here are five Fastmarkets stories you might have missed on Tuesday February 25 that are worth another look.European steel producers, represented by regional steel association Eurofer, hope to achieve a further toughening of the region's existing safeguard measures on steel product imports, market sources told Fastmarkets on February 25.The US Midwest aluminium premium reversed a more than nine-mon...Read More

Turkish steel producers maintained their silence in the deep-sea scrap import market, leaving prices unchanged, sources told Fastmarkets on Tuesday February 25.Steel producers in the country booked eight deep-sea cargoes at rising prices last week, totaling some 250,000 tonnes.With last week's bookings, Turkish imports of scrap so far this month have included 21 deep-sea cargoes adding up to&...Read More

A Pakistani mill that recently made a rare purchase of a bulk cargo of ferrous scrap from the United States West Coast will now likely buy such shipments with greater frequency, according to sources Fastmarkets spoke to.The trade - involving 30,000 tonnes of shredded scrap priced at $306 per tonne cfr Port Qasim - only came to light on Monday February 24, against the background of global economic...Read More

Consolidation across a broad section of markets is underway this morning, Tuesday February 25, while Monday's sell-offs pause as markets adjust to lower prices, but little has changed for the better.Given the novel coronavirus (2019-nCoV) is starting to spread across more countries and indeed major manufacturing countries at that, including Japan, South Korea and Italy, and the full impact of the...Read More

Share this articleTORONTO - Ontario Teachers' Pension Plan has signed a US$300-million deal investment deal with New Gold Inc.Under the agreement, the pension fund will acquire a 46 per cent free cash flow interest in the New Afton gold-and-copper mine.Ontario Teachers' has an option to convert the interest into a 46 per cent joint venture interest after four years or have their investment remai...Read More

Here are five Fastmarkets stories you might have missed on Tuesday February 25 that are worth another look.European steel producers, represented by regional steel association Eurofer, hope to achieve a further toughening of the region's existing safeguard measures on steel product imports, market sources told Fastmarkets on February 25.The US Midwest aluminium premium reversed a more than nine-mon...Read More

Domestic prices for hot-rolled coil in Northern and Southern Europe were fairly stable day on day on Tuesday February 25, sources told Fastmakets.Although a lack of 'workable' import offers and good order books from European mills have been supporting bullish sentiment in the market, market participants have become more concerned with the negative effects that the coronavirus outbreak in Italy mig...Read More

Every major media and financial outlet blamed today's market sell-off on spreading coronavirus fears. Too bad it's bullshit.Let's take a look at some of today's headlines:"Dow Industrials Close 1000 Points Lower as Coronavirus Cases Mount" - Wall Street Journal"U.S. Stocks Plunge as Coronavirus Crisis Spreads" - The New York Times"Coronavirus Is Cratering the Stock Market. Why It Can Still Get Wor...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia fell this week, with buyers waiting to see prices hit bottom before placing orders, sources told Fastmarkets on Tuesday February 25.Some market participants expected prices to fall because of weak demand, while others said demand could soon improve because stocks are low.UAEChinese hot-rolled coil was on...Read More

Rebar producers from the Commonwealth of Independent States (CIS) region tested higher offers in the market in the week to Monday February 24, following the surge in raw materials prices in the global market, particularly ferrous scrap, market sources said.Offers for Ukraine-origin rebar were reported within the range of $445-450 per tonne fob Black Sea, against $440 per tonne heard a week earlier...Read More

Here is what's new today on INK Ultra Money. Canadian Insider Club Ultra members have access to both premium and free content. If you are asked to sign in, select Canadian Insider as your subscription website.1. Ringing the bell at BCE - INK ResearchThe clouds are rolling in over BCE (BCE) stock. INK Research explains why.Politicians have BCE revenue in their sightsIf you are not a Canadian Insid...Read More

Rebar prices in the Central Federal District around Moscow, Russia, increased this week after Tula Steel announced a reduction in supplies due to a planned stoppage its main pig iron supplier, Tulachermet. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, including 20% VAT, was 33,000 rubles ($506.42) per tonne on Tuesday February 25, u...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index built impressively upon the prior week's rally with an 11.16 point climb, slicing through 1215 and 1220 resistance as it notches brand new 2020 highs. The Index closed the week up 0.9% and has risen 2.55% in the last 2 weeks alone.MACD edged up 0....Read More