An overview of the minor metals markets and the reasons for their latest price moves.Read More

The inter-merchant spot market for light iron scrap in the UK fell almost 19% over the week, marking an abrupt end to five weeks of stability, as major shredders cut their buying prices on expected weaker demand for steel from UK-based carmakers, sources told Fastmarkets.The move also follows a dramatic fall in European steel scrap export prices into Turkey this week which saw the market move down...Read More

Stainless steel scrap prices in Europe and the UK decreased this week because traders expect the coronavirus outbreak to substantially weaken demand in the coming weeks and months, sources told Fastmarkets on Friday March 20. Fastmarkets' weekly assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?700-750 ($808-866) per tonne on March 20, down by ?30-40 per tonn...Read More

The price of ferrous scrap imported into India has continued to fall after changes in exchange rates made imports unviable, sources told Fastmarkets on Friday March 20.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $291 per tonne on Friday, down from $297.50 per tonne one week earlier.There were no deals heard for shredded material in the week, but offe...Read More

Asian Pacific equity indices are firmer this morning, Friday March 20, as are many of the base metals and all of the precious metals, but given the worst no doubt lies ahead in terms of weaker demand for non-household consumables in Europe and the United States, the current upturn may be a countertrend move or a two-thirds-of-the-way-down pause.We say two thirds of the way down because most of the...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 20.China Seaborne manganese ore prices rose as concern of potential supply disruptions due to the novel coronavirus (2019-nCoV) sparked buying interest.Portside prices climbed after traders...Read More

Domestic prices in the north of Europe were unchanged day on day on Friday March 20 after a decrease the previous day, sources have told Fastmakets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was stable day on day at ?,?470.00 ($507.28) per tonne on Friday. This followed a drop of ?,?7.31 per tonne day on day on March 19. ...Read More

Today is Friday, March 20, 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 $1,483.65. It's up 1.11% from yesterday and up 12.90...Read More

Today is Friday, March 20, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Delek Logistics Partners LP (NYSE: DKL), Oasis Petroleum (NASDAQ: OAS), and Centennial Resource Development (NASDAQ: CDEV).Delek Logistics Partners LP (NYSE: DKL)Delek Logistics Partners LP (NYSE: DKL) is a $222.27 million company today with a one-year return of -77.68%. Let's lo...Read More

Liberty Steel Group will halt operations at its Dudelange-Liege steelmaking sites tomorrow, sources told Fastmarkets on Friday, March 20.Liberty Steel Group will halt operations at its Dudelange-Liege steelmaking sites tomorrow, the company told Fastmarkets on Friday, March 20.A spokesman confirmed that all three Liberty Liege-Dudelange production sites - at Fl?(C)mal...Read More

Share this articleCALGARY - Canada's oldest diamond mine is being shut down to protect workers and local communities from the spread of the COVID-19 pandemic.Calgary-based Dominion Diamond Mines ULC says in a message on its website that none of the employees at its Ekati Diamond Mine about 300 kilometres northeast of Yellowknife in the Northwest Territories has tested positive to date.But it says...Read More

Share this articleTORONTO - New Gold Inc. is closing its Rainy River Mine near the U.S. border in western Ontario for two weeks so that its workers can follow the 14-day self-isolation period recommended for those who have travelled outside Canada.The Toronto-based mining company says about 70 per cent of the workforce at the mine near Fort Frances are local residents and many of them make fr...Read More

A MESSAGE FROM THE PUBLISHERThe gold/silver ratio peaked this week at 128.79, its highest level in the ratio's 4,000-year history.Today, we examine what that means for precious metal investors.But first, let me briefly describe what we're talking about for those who don't know.Gold/Silver Ratio since 1970What Is the Gold/Silver Ratio?The gold/silver ratio (sometimes "gold-to-silver ratio") is pret...Read More

Automotive manufacturers in Europe have announced production suspensions at sites across the continent caused by supply chain issues and problems created by the measures taken by governments to restrict the spread of the 2019-nCoV coronavirus pandemic.Jaguar Land Rover UKJaguar Land Rover (JLR) will suspend production at its manufacturing facilities in the United Kingdom from today owing to growin...Read More

Today on INK Ultra Money Free, we are once again making the INK morning report free to everyone. Just look for the paper clip in the bottom navigation bar when playing the video.1. BNS insiders banking on the G-economy - INK Research (free report and video)Policymakers have big choices to make in confronting the economic fallout from the coronavirus. Insiders at the Bank of Nova Scotia (BNS) seem...Read More

Sentiment in the deep-sea scrap market has become even poorer following the sharp downturn in Turkish import prices amid the spread of the 2019-nCoV coronavirus pandemic, sources said on Friday March 20.The Turkish steel producers resumed their deep-sea scrap bookings for April shipment cargoes, sending prices down by almost $24 per tonne on March 18.A steel mill in the Marmara region booked a Can...Read More

Share this articleVancouver-based Lithium Americas Corp. says it has suspended construction activities at its US$565-million lithium project in Argentina in accordance with government-mandated restrictions in response to the COVID-19 pandemic.CEO Jon Evans says the company is in the process of "demobilizing" its construction workforce of more than 1,000 people.He says the 40,000-tonne-per-annum...Read More

Rebar prices in Poland have started to increase despite flat scrap values because the Polish zloty has lost ground against the euro, sources told Fastmarkets on Friday March 20.Trading in the Polish rebar markets was relatively active this week. Distributors and prefabricators were building up stocks to secure rebar availability in the event of production disruptions related to the 2019-nCoV coron...Read More

China's domestic rebar prices were flat on Friday March 20 supported by strong demand in the spot market, although futures moved down. Eastern China (Shanghai): 3,500-3,530 yuan ($495-500) per tonne, unchanged Northern China (Beijing): 3,380-3,430 yuan per tonne, unchangedEnd-user demand remained stable over the day while traders were actively restocking, which prevented rebar prices from declinin...Read More