The European antimony price edged down for both grades on Friday March 13, ending the uptrend that started on January 29 on logistic constraints amid the coronavirus (Covid-19) outbreak, Fastmarkets heard.If the limited availability of material from China supported prices in January and February, the price driver has shifted to the decrease in demand in Europe, with the continent now labelled the...Read More

Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...Read More

Ferrous scrap prices across the global markets moved downward during the working week to Friday March 13 on lower confidence and reduced trading because of the continuing container shortage.Market stasis ends with lower prices in TurkeyUS export market expecting lower pricesPrices slip in Taiwan, VietnamIndian markets falter on poor conditions.TurkeyPurchases of cargoes from the deep sea market fi...Read More

Turkish steel producers were absent from the deep-sea scrap markets at the start of the week amid the novel coronavirus (2019-nCoV) outbreak in the country, sources told Fastmarkets on Monday March 16.The mills in Turkey resumed their deep-sea bookings at lower prices last week after a long period of silence.The most recent booking from the Baltic Sea region at the end of last week put the HMS 1&2...Read More

Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...Read More

Daniel Hisshion has joined Hong Kong-based minor metals company Fortis Metals as business development director, he confirmed to Fastmarkets. Fortis Metals, headquartered in Hong Kong, has a sister company Kite Metals in Europe, owns United States-based minor metals refiner and recycler Atlantic Metals & Alloys as well as Fortis Metals (Shenzhen) for operations in China.Hisshion - with over 25 year...Read More

Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongolia because of the coronavirus (2019-nCoV) outbreak but it continues to operate and ship copper concentrates from the mine's open pit. Since January the movement of goods and people in Mongolia have been restricted within and across its border; this has further escalated recently after the first case of...Read More

Key data from the Friday March 16 pricing session in London. Key drivers: Cobalt prices had increased following the coronavirus (2019-nCoV) outbreak, but now prices are declining amid slow trade and limited inquiries, with sellers cutting offers and increasingly...Read More

Today is Monday, March 16, 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 $1,516.10. It's down -0.89% from yesterday and up 16...Read More

Today is Monday, March 16, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Southwestern Energy (NYSE: SWN), Dorian LPG (NYSE: LPG), and Plains All American Pipeline LP (NYSE: PAA).Southwestern Energy (NYSE: SWN)Southwestern Energy (NYSE: SWN) is a $1.028 billion company today with a one-year return of -60.4%. Let's look at its price-to-earnings (P/E) ra...Read More

Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...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 joined world markets in a steep plunge that reacted to the deepening economic impact from the coronavirus which has now been declared a worldwide pandemic. The Index fell 216.27 points or 20% and ended the week at 870.41, a level not seen since th...Read More

European car manufacturers have announced temporary stoppages at production sites across Europe due to the 2019-nCoV coronavirus pandemic, Fastmarkets learnt on Monday March 16.Car manufacturer Groupe PSA - maker of the Peugeot, Citroen, Opel and Vauxhall brands - has decided to close its plants in Europe, it said on Monday.It opted to close a number of production sites until March 27 "due to the...Read More

Domestic prices for hot-rolled coil in Northern Europe have remained almost unchanged day on day with buyers remaining in "wait-and-see" mode until they can evaluate risks related to the pandemic of 2019-nCoV coronavirus, sources told Fastmarkets on Monday March 16.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?481.25 ($534.61) per tonne on Monday March 16, u...Read More

Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...Read More

Special bar quality (SBQ) steel prices in the United States were flat across the cold-finished and hot-rolled grades during March, with market participants reporting continued soft demand offsetting rising ferrous scrap costs amid mounting concerns over the novel coronavirus (2019-nCoV).On the hot-rolled side, Fastmarkets' monthly assessment for steel bar hot-rolled special bar quality (SBQ) 1-inc...Read More

Trading activity in the export market for CIS-origin long steel products was nonexistent in mid-March because the market uncertainty caused by the 2019-nCoV coronavirus pandemic undermined demand that was already modest.And buying activity in the major sales outlets was reduced due to recent heightening of the political tensions in the Middle East, particularly in Turkey, Iraq and Lebanon.The Egyp...Read More

Cadence Minerals is poised to become a 20% shareholder in the Amap?? iron ore project in Brazil once the mine's current owner reaches a settlement agreement with its secured bank creditors. The London-based company and its joint-venture partners, Indo Sino Pte Ltd, have been in their own negotiations with the creditors and have offered a settlement involving a discount on the amounts owed by curre...Read More

Gary SavageCrash webinarI will do a webinar Tuesday morning outlining why this market crash occurred, the tools I used to predict it ahead of time, a brief tutorial on cycles, and where I think we're going from here (we're due for a convincing bounce soon) and also what I think is in store for the metals market over the next month. The price of the webinar is $50 this will include a 1 month sub...Read More

Steve St. Angelo, SRSrocco Report The world is heading towards a global depression, but the market hasn't quite figured it out yet. Unfortunately, many analysts and economists continue to believe that the worldwide contagion will be generally short-lived, suggesting growth will return in the second half of the year. A perfect example is the overly optimistic forecasts of global oil demand by...Read More