Base metals prices on the London Metal Exchange were markedly higher during morning trading on Friday March 20, with most three-month prices gaining more than 3% over the Asian trading hours, while a fresh inflow of some 65,175 tonnes of aluminium doused the light metal's price recovery. Topping gains over the morning, the LME tin price recently traded 4.5% higher at $14,150 per tonne, up from a m...Read More
China's domestic hot-rolled coil prices were largely stable on Friday March 20 on the news of no new local infections of the novel coronavirus (2019-nCoV), but market participants expect export offers to drop soon on fierce global competition.DomesticEastern China (Shanghai): 3,440-3,450 yuan ($485-486) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tangshan): 3,350 yuan per ton...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves. 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
Tesla is to temporarily suspend production at its factory in Fremont, in the US state of California, from the end of Monday March 23 in an effort to limit the spread of the novel coronavirus (2019-nCoV). This will allow an orderly shutdown, the company said, with basic operations to continue in order to support Tesla's vehicle and energy service operations and charging infrastructure, as directed...Read More
Mannesmann Stainless Tubes Italia - part of Salzgitter Group, located at Costa Volpino in Bergamo, Italy - will be shutting down production on Monday March 23, a source in the company has told Fastmarkets.The producers have decided to shut down the facility to help combat the 2019-nCoV coronavirus pandemic, sources said.The company...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
Chinese non-ferrous scrap processors have halved their operation capacity while demand for copper semi-finished products, auto parts and battery waned following the coronavirus (2019-nCoV) outbreak for the first quarter, according to an industry briefing on scrap metal.Chinese aluminium and lead scrap processors were operating at only 40-50% of full capacity as of March 17 amid declining orders an...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe convenience of one provider with pay-as-you-need flexibilitySPONSOREDmicromineThe PDAC conference in Toronto began barely three weeks ago at the start of March, but must feel like a...Read More
Fitch says it's also unclear if producers will be able to make up lost output.Read full newsRead More
Copper dropped overnight to below $2 a pound only to rally 11.6% in New York trade Thursday.Read full newsRead More
Principal Financial Officer Andew Swiger bought shares of the embattled oil giant on Thursday. It is the second big Exxon Mobil stock buy this week.Read full newsRead More
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PMR Red Lake Neighbour Discovery#gold #copper #VMS #redlake #preciousmetals #discovery #pmr...Read full newsRead More
These 3 ASX 200 gold miners attracted the highest trading volume of all gold mining companies yesterday, while the gold bull market continues. The post 3 high volume ASX 200 gold mining shares to buy now appeared first on Motley Fool Australia.Read full newsRead More
There's been almost no place to hide for equity investors, with only one of the composite's 230 members in positive territory from last month's peak: grocer Metro Inc.Read full newsRead More
Rhodium is having a moment as the most expensive traded metal, but which other metals make up the most expensive metals, and where are they mined?Read full newsRead More
Stocks gave up an early rally and turned slightly lower Friday after New York became the latest major state to mandate nearly all workers stay home to limit the spread of the coronavirus.Read full newsRead More
"#CrystalLake is focused on creating #shareholder wealth through high-impact new mineral discoveries in prolific areas of Northwest British Columbia and Northwest Ontario.$CLM #TSXV #Crystallakemining#MomentumStocks #GoldMining #GoldenTrianglehttps://t.co/Oi88Bur355"Read full newsRead More
Volkswagen will raise the amount of nickel used in it electric car battery cells...Read full newsRead More