Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 10, 2020The US government is taking Corona very seriously, but only as it relates to the stock market. Instead of trying to save burning stock market investors from an ongoing sleigh ride into the financial abyss, the government needs to start mobilizing the nation’s armed forc...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 10 that are worth another look.The recent extension of the 2019-nCoV coronavirus quarantine area to all of Italy has resulted in trading activity falling to nearly zero and has caused some minor disruptions to deliveries, sources told Fastmarkets on March 10.A falling aluminium price on the Shanghai Futures Exchange below pro...Read More

"Today had all the making of a classic relief rally across the global macro space until a spate of negative headlines threatened to morph the bounce from one of respite to that of the dead cat variety," Marex Spectron's Dee Perera said from the LME desk.European markets closed lower but Australasian and North American indices finished higher, with the S&P 500 gaining 4.9%.Futures were mixed.Me...Read More

A falling aluminium price on the Shanghai Futures Exchange below production costs has weakened sentiment for China's alumina market, sources told Fastmarkets this week. Market participants had been bullish about the Chinese alumina price due to reduced production during the height of the novel coronavirus (2019-nCoV) outbreak in the country early this year. Smelters had removed almost 6 milli...Read More

The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China.To view the latest price assessments, follow the links below:Europe- Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V- Vanadium pentoxide 98% V2O5 min, in-whs Rotterdam, $/lb V2O5China- Ferro-vanadium 78% V min, fob China, $/kg V- Vanadium pentoxide 98% V2O5 m...Read More

Revenue for the quarter amounted to RUB64.6 billion (US$910 million), with sales of gem-quality diamonds up by 52% quarter on quarter to US$880 million.Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 10 that are worth another look.The recent extension of the 2019-nCoV coronavirus quarantine area to all of Italy has resulted in trading activity falling to nearly zero and has caused some minor disruptions to deliveries, sources told Fastmarkets on March 10.A falling aluminium price on the Shanghai Futures Exchange below pro...Read More

The London Metal Exchange may switch from open outcry to electronic price discovery if the 2019-nCoV coronavirus makes it impossible for ring-trading to continue safely, it has said.At the moment, the ring is continuing to operate from London, and the exchange has adopted various precautionary measures intended to halt the spread of the virus, including the creation of a split-team arrangement for...Read More

Ferrous scrap prices in Mexico were unchanged in the week ended March 6, with rising inventories held by some steelmakers and uncertainty in the United States market.Fastmarkets' weekly assessment of the steel scrap No1 heavy melt, consumer buying price, delivered mill Monterrey, remained at 5,050 pesos ($238) per tonne on Tuesday March 10, while the steel scrap No1 busheling, consumer buying pric...Read More

Turkish steel producers have continued to hold back from the deep-sea scrap market despite shrinking stock levels because of the firm prices being asked, sources said on Tuesday March 10.There have been no new bookings so far this month, but suppliers were keeping their offers steady.Offers of HMS 1&2 (80:20) from the US remained at $280 per tonne cfr, while offers of similar material increased by...Read More

Base metals prices were up across the board this morning, Tuesday March 10, on expectations that central banks and governments will step in to stop the rout. This follows Monday's slump across a broad set of assets that saw the base metals on the London Metal Exchange down by an average of 4.3% at their lows, oil futures slump by more than 35%, the Dow Jones Industrial Average Index (DJIA) off by...Read More

Sherritt International Corp is to exit the Ambatovy joint venture in Madagascar, but its decision will not affect nickel or cobalt production at the mine, the Canadian company confirmed to Fastmarkets on Tuesday March 10. The Canadian miner announced on February 26 that it would not fund its 12% stake in the Ambatovy JV, with Japan's Sumitomo Corp and South Korea's Korea Resources Corp (Kores...Read More

Today is Tuesday, March 10, 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 $1,657.73. It's down -0.95% from yesterday and up 2...Read More

Today is Tuesday, March 10, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Cactus (NYSE: WHD), Baker Hughes (NYSE: BKR), and Liberty Oilfield Services (NYSE: LBRT).Cactus (NYSE: WHD)Cactus (NYSE: WHD) is a $1.037 billion company today with a one-year return of -60.23%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-value-to-free-cash-f...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 10 that are worth another look.The recent extension of the 2019-nCoV coronavirus quarantine area to all of Italy has resulted in trading activity falling to nearly zero and has caused some minor disruptions to deliveries, sources told Fastmarkets on March 10.A falling aluminium price on the Shanghai Futures Exchange below pro...Read More

There are two new all-time highs on the S&P 500 today: Clorox (NYSE: CLX) and Dollar General (NYSE: DG).Clorox has a P/E of 27.50 and a forward dividend of 2.41%. And, truth be told, it's had a nice 10-year run:Clorox has averaged 14.23% annually over the last 10 years; that's better than Kimberly-Clark, Procter & Gamble, and the S&P 500. In 2008, during the start of the last recession, CLX was...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.1. Coronavirus, Crude, Energy Equities, and IMO 2020 - Real...Read More

Prices for flat steel in Russia's Central Federal District around Moscow started to move up this week after the rouble lost value against the US dollar, sources told Fastmarkets on Tuesday, March 10. Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 42,000-43,000 roubles per tonne on March 10, including 20% VAT, up from 41,000-42,000 roubles per ton...Read More

Domestic prices for hot-rolled coil in Northern Europe have dropped day on day following a decline in import offers and the risks related to the 2019-nCoV coronavirus outbreak in Italy, sources told Fastmarkets on Tuesday March 10.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?481.07 ($549.54) per tonne on Tuesday, down by ?,?3.55 per tonne day on day fr...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 10 that are worth another look.The recent extension of the 2019-nCoV coronavirus quarantine area to all of Italy has resulted in trading activity falling to nearly zero and has caused some minor disruptions to deliveries, sources told Fastmarkets on March 10.A falling aluminium price on the Shanghai Futures Exchange below pro...Read More