Roughly 6 million tonnes per year of alumina refinery capacity in China has been curtailed due to the 2019-nCoV coronavirus pandemic, opening opportunities for market participants in the West to sell extra material to the East asian country, a senior executive at Norsk Hydro has said.The shortfall has arisen with Chinese smelters continuing to produce material as normal despite the effects of the...Read More

Cerro Verde, the world's fourth-largest copper mine in output, will suspend operations and enter a 15-day care and maintenance period following the Peruvian government declaring a national state of emergency, owner and operator Freeport McMoRan said on Tuesday March 17.The 15-day period started on Monday March 16, with Cerro Verde working with authorities to 'be prepared and restart operations as...Read More

Rambus/PlungerThe great debate on whether we're going to see inflation or deflation has been answered in spades. For years some of the greatest minds of our time have discussed this issue in great detail with each side giving probable reasons as to why we'll see either inflation or deflation. Both sides can make great points to their arguments but in the end only one side will win the battle tha...Read More

If you're feeling depressed because your retirement fund has been cut in half by the Covid-19 avalanche on Wall Street, take heart because you may have a good chance to get it back. Yeah, I know, I wrote here only last week that the bear market would stretch on for years, bankrupting us all and ushering in the Second Great Depression. But watching the spectacular collapse of Boeing shares has ma...Read More

The fall in gold will clear some short term investors and also result in a big increase in long term investors. Both gold and silver are good long term investment opportunities. In the short term gold and silver will see a see-saw type prices moves like yesterday. Global financial markets have to stabilize for gold and silver to for a short term direction. In the very short term both gold and si...Read More

The virtual event will seek to replicate the one-on-one meetings, company presentations and keynote speakers that DGG's annual events in Zurich and Denver typically provide investors in the precious metals space."We had an idea in late January that [the Covid-19 outbreak] is not going to work out well for us and so our board authorised additional investment into our existing meeting system to be a...Read More

Turkish steel producers continued to stay away from the deep-sea scrap market because of the novel coronavirus (2019-nCoV) outbreak, sources said on Tuesday March 17.Steel mills in Turkey resumed their deep-sea bookings at lower prices last week after a long period of silence.However, with the news of more confirmed cases of 2019-nCoV, the trading in scrap and finished steel products came...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 17 that are worth another look.Three more European car manufacturers are set to close and halt production in response to the spread of the coronavirus (2019-nCoV), Fastmarkets learned on March 17.The London Metal Exchange intends to suspend all ring trading and move to full electronic pricing from next week if the United King...Read More

Newmont will "ramp down" mining at its Yanacocha asset in Peru after the country moved to restrict travel amid global contagion over the Covid-19 coronavirus (2019-nCoV) spread, it said.Gold production from leeching will continue but mining ore will cease, the company said. Yanacocha produces significant amounts of copper, zinc and lead concentrates as a byproduct...Read More

After a drop of 12.93% in the Dow Jones Industrial Average (DJIA) on Monday March 16, the futures in the pre-market are up by 4.96% this morning - close to the 5% limit.Three-month base metals prices on the London Metal Exchange were mixed, while those on the Shanghai Futures Exchange were down across the board, as they respond to Monday's 1.8% average drop in prices on the LME. Asian equity indic...Read More

Trade log for cobalt sulfate in China including business, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonne.The exchange rate on Friday March 13 at 50,000 yuan to $7,138.Friday March 13New price at 50,000-52...Read More

We learned from Michael Nesbitt of Kalo Exploration, a privately held mineral exploration and drilling company based out of Fiji that they have a large land package of 367 square kilometers under license, including the Cirianiu (SPL 1464) and Coqeloa (SPL 1511) Prospects, located on Fiji's North Island, with an inferred resource of 158,831 ounces of gold. Kalo controls a 25-kilometer mineralized c...Read More

Today is Tuesday, March 17, 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 $1,536.75. It's up 1.94% from yesterday and up 18.0...Read More

Today is Tuesday, March 17, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Cenovus Energy (NYSE: CVE), Par Pacific Holdings (NYSE: PARR), and Falcon Minerals Corporation (NASDAQ: FLMN).Cenovus Energy (NYSE: CVE)Cenovus Energy (NYSE: CVE) is a $2.753 billion company today with a one-year return of -72.06%. Let's look at its price-to-earnings (P/E) ratio...Read More

I had a dream last night that someone broke into my house and wiped the COVID-19 virus all over my door knobs. I'm not usually a worrier, but the constant stream of news from my friends and family coupled with the total lack of credibility from both the government and the press leaves me a bit concerned.It doesn't help that the boy came home from college and plastered "How to Avoid COVID-19" print...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 17 that are worth another look.Three more European car manufacturers are set to close and halt production in response to the spread of the coronavirus (2019-nCoV), Fastmarkets learned on March 17.The London Metal Exchange intends to suspend all ring trading and move to full electronic pricing from next week if the United King...Read More

On INK Ultra Money, Global Macro Investor and Real Vision CEO Raoul Pal provides an update on his outlook for markets. As usual, he does not pull any punches. Given how Pal has more-or-less been spot on with his forecasts since last summer regarding how markets would unfold, this is a must watch video. One of his calls that has yet to play out is bitcoin and he provides an update on that. Meanwhi...Read More

Domestic prices for hot-rolled coil in Northern Europe have decreased day on day in a slow market, sources told Fastmarkets on Tuesday March 17.Market activity decreased due to closures among big automotive manufacturers and slowdowns at some service centers, according to market sources.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?477.00 ($531.94) per tonne...Read More

Three more European car manufacturers are set to close and halt production in response to the spread of the coronavirus (2019-nCoV), Fastmarkets learned on March 17.Car manufacturer Ford is set to close all continental European plants from Thursday March 19, "for a number of weeks," it said. Ford will close plants in Cologne and Saarlouis in Germany as well as Craiova in Romania while it's Valenci...Read More

The European Commission (EC) has published guidelines for border management measures including goods transportation during the outbreak of 2019-nCoV coronavirus, now that logistics issues have begun to bite, the EC said on Monday March 16.The rapid spread across Europe of the Covid-2019 disease caused by the virus has forced governments to resort to strict measures, including border closures in so...Read More