Here are five Fastmarkets stories you might have missed on Thursday March 5 that are worth another look.Ukrainian steelmaker Metinvest will increase its hot-rolled coil output once it finishes testing a new rolling line at its Ilyich Iron & Steel Works at Mariupol, chief executive officer Yuriy Ryzhenkov told Fastmarkets this week.China Zhongwang holdings - the largest aluminium extrusion company...Read More

Market participants expect to see a decline in the monthly tender price offered by major Chinese stainless mills for March delivery of domestic high-carbon ferro-chrome when the tenders are officially announced in the coming days. Fastmarkets examines the reasons behind this expectation and discusses how smelters might respond to the lower tenders.It is important to note that the tender prices ann...Read More

By: Ira EpsteinGold is fighting a battle. Momentum is slightly up, but needs to get above $1,654.30 swing line..Read More

Near zero bond yields globally will ensure that sharp corrections in gold will be used to invest for the short term as long as term. Guarded optimism in silver at the moment. One needs to remain on the sidelines till Monday. Clear picture of the spread of corona virus in USA and India will be known by end of next week. USA and India are two big consumers of goods and services. A big global slowd...Read More

Bill Sullivan, senior foreign counsel at Jakarta-based law firm Christian Teo & Partners and a senior adviser to Stephenson Harwood LLP, said the new challenge was in the form of increased uncertainty about the practical enforceability of a traditionally favoured security right of lenders, the Fiducia Charge.He said the Constitutional Court had recently ruled a creditor was not entitled to rep...Read More

Here are five Fastmarkets stories you might have missed on Thursday March 5 that are worth another look.Ukrainian steelmaker Metinvest will increase its hot-rolled coil output once it finishes testing a new rolling line at its Ilyich Iron & Steel Works at Mariupol, chief executive officer Yuriy Ryzhenkov told Fastmarkets this week.China Zhongwang holdings - the largest aluminium extrusion company...Read More

Turkish steel mills remained out of deep-sea markets on Thursday March 5, with no new bookings following a standoff between mills and suppliers, sources told Fastmarkets. Turkish steel mills continued to hold off on booking cargoes and sources told Fastmarkets they did not expect to hear any new deals this week. The current stalemate was because US suppliers were unwilling to drop their export pri...Read More

Broad-based government action to lower interest rates and make money available to the markets have helped underpin the financial system and confidence, and that has led to some risk-on in some sectors this morning, Thursday March 5. Following on from the United States Federal Reserve's emergency 50-basis-point rate cut on Tuesday, Wednesday saw the US House of Representatives approve an emergency...Read More

SUDBURY - Ontario is helping companies develop world-leading technologies to make mining safer, smarter and more productive.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced the launch of the CENGN Smart Mining Testbed at NORCAT in Greater Sudbury. Part of the Next Generation Network Program, the Smart Mining Testbed will provide access to state-of-the-art wireles...Read More

SUDBURY - Ontario's government is supporting the film, television, music and tourism industries in Sudbury by investing over $8.5 million in 12 projects that will create jobs and boost the local economy.Greg Rickford, Minister of Energy, Northern Development and Mines, was at Science North today to announce the investment made through the Northern Ontario Heritage Fund Corporation (NOHFC) for the...Read More

Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw China, yuan/tonne. Fastmarkets lith...Read More

Weakness in cobalt metal prices along with growing concerns of disruptions to downstream battery operations in South Korea amid an outbreak of novel coronavirus (2019-nCoV) are weighing heavily on the Chinese cobalt sulfate market.Fastmarkets' price assessment for cobalt sulfate 20.5% Co basis, exw China was 53,000-55,000 yuan ($7,615-7,903) per tonne on Wednesday March 4, a drop of 2,000 yuan per...Read More

Today is Thursday, March 5, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,664.45. It's up 1.69% from yesterday and up 29.2...Read More

Today is Thursday, March 5, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Magnolia Oil & Gas Corporation (NYSE: MGY), Centennial Resource Development (NASDAQ: CDEV), and Solaris Oilfield Infrastructure (NYSE: SOI).Magnolia Oil & Gas Corporation (NYSE: MGY)Magnolia Oil & Gas Corporation (NYSE: MGY) is a $1.797 billion company today with a one-year retu...Read More

Here are five Fastmarkets stories you might have missed on Thursday March 5 that are worth another look.Ukrainian steelmaker Metinvest will increase its hot-rolled coil output once it finishes testing a new rolling line at its Ilyich Iron & Steel Works at Mariupol, chief executive officer Yuriy Ryzhenkov told Fastmarkets this week.China Zhongwang holdings - the largest aluminium extrusion company...Read More

I didn't buy it at first.My colleague, Jason Stutman, suggested that the recent market collapse cannot be entirely blamed on the coronavirus, but rather the fact that Wall Street saw Sanders winning the primaries and responded accordingly.Seemed a bit far-fetched to me.But something interesting happened following Super Tuesday.After Biden took the lead from Sanders, the market began to rebound.Is...Read More

Domestic prices for hot-rolled coil in Northern Europe have been stable, supported by a lack of competitive import offers and good order books at domestic steelmakers, market sources told Fastmarkets on Thursday March 5.Market sources believed that prices would remain stable at least during the coming week, although there were risks in the market related to effects of the outbreak of 2019-nCoV cor...Read More

Here is what's new today on INK Ultra Money. Canadian Insider Ultra Club members have access to both premium and free content. If you are asked to sign in, select Canadian Insider as your subscription website. If you are not a Canadian Insider Club Ultra member, get full access to Real Vision and INK Research premium videos by joining us.Click here to join us and use coupon code LION20 for 50% of...Read More

A summary of the financial performance of Brazilian steel and iron-ore producer Companhia Sider??rgica Nacional (CSN) in the fourth-quarter and full-year 2019, as reported on Wednesday March 4.In brief CSN's slab output was significantly lower throughout 2019 while its blast furnace (BF) No3 was idled for revamp work over more than three months until late October. Steel sales volumes were down in...Read More

Spot prices for steel reinforcing bar in the United States have softened on reports of lower transaction prices while market sentiment has shifted into more neutral territory, Fastmarkets has learned. Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $30.50-31.50 per hundredweight ($610-630 per short ton) on Wednesday March 4, down by 1.6% from $31-32 per cwt in the...Read More