Fastmarkets will continue to provide the price data, news and analytics you rely on in these turbulent times.Dear Colleagues,First and foremost, we hope that you, your family, your friends and your colleagues are keeping well in these uncertain times. Covid-19 has disrupted our economy, our normal work patterns and, for many, our lives. Before I speak to the status of our business continuity...Read More

Here are five Fastmarkets stories you might have missed on Monday March 23 that are worth another look.ArcelorMittal is idling two blast furnaces, in Indiana and Canada, due to the spread of the novel coronavirus (2019-nCoV) and its impact on end markets.South Africa will enter a 21-day nationwide lockdown from midnight on Thursday March 26 and ordered the country's metals and mining operations to...Read More

Fastmarkets will continue to provide the price data, news and analytics you rely on in these turbulent times.Dear Colleagues,First and foremost, we hope that you, your family, your friends and your colleagues are keeping well in these uncertain times. Covid-19 has disrupted our economy, our normal work patterns and, for many, our lives. Before I speak to the status of our business continuity...Read More

Share this articleMONTREAL - A $1-billion deal to combine two Quebec companies with West African gold mining operations was met with sharply divergent reactions from their shareholders on Monday.Stock in Montreal-based Endeavour Mining Corp. fell by as much as $4.15 or 19.2 per cent to $17.50 on the Toronto Stock Exchange after it announced the deal to acquire Semafo Inc.In contrast, Montreal-base...Read More

The rebounds in the metals toward the end of last week do seem to have been countertrend moves as expected; this morning, Monday March 23, the base metals are down across the board on the London Metal Exchange and Shanghai Futures Exchange. Asian Pacific equity indices were mainly lower this morning, the exception was Japan's Nikkei, but it was closed on Friday for a national holiday, as such, the...Read More

Today is Monday, March 23, 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 $1,556.80. It's up 4.42% from yesterday and up 18.56...Read More

The spread of the novel coronavirus (2019-nCoV) is causing disruption to immediate supply chains and future demand forecasts across the technology and consumer electronics sector. Since the outbreak gathered pace in January 2020, companies including Apple and Samsung have closed plants, shifted production, and in some cases, revised revenue forecasts. The far-reaching effects of the virus on the g...Read More

Today is Monday, March 23, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Select Energy Services (NYSE: WTTR), Berry Corporation (NASDAQ: BRY), and Equitrans Midstream Corporation (NYSE: ETRN).Select Energy Services (NYSE: WTTR)Select Energy Services (NYSE: WTTR) is a $258.2 million company today with a one-year return of -75.37%. Let's look at its pri...Read More

A drop in the price of gold and silver - besides fears of a recession and an economic downturn amid the coronavirus outbreak - has created a demand spike for the metals so large that bullion dealers around the world are selling out!Spot gold closed yesterday at $1,496 per ounce, a 9% decline over the last 30 days. Meanwhile, spot silver closed yesterday at $12.57 an ounce, down 32% over the past m...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 continued to sell off in one of the greatest worldwide market panics of our lifetime. The INK CIN fell 177.54 points or 20.4% to an all-time low of 692.87, making for a two-week plunge of over 40%.MACD closed only nominally down 0.03 to -36.63. RS...Read More

Hermes Belous Freire has joined Sumitomo Corp as sales manager for cobalt briquettes. Belous Freire is currently based in Switzerland as a consultant, but will relocate to...Read More

Argentina's lithium brine industry have announced that they will suspend their on-site project works until the end of March after the Argentinian government imposed a nationwide lockdown to stem the spread of the novel coronavirus (2019-nCoV) in the country.Australian lithium miners Galaxy Resources and Orocobre announced the suspension of on-site operations at their Argentinian projects on Monday...Read More

Here are five Fastmarkets stories you might have missed on Monday March 23 that are worth another look.ArcelorMittal is idling two blast furnaces, in Indiana and Canada, due to the spread of the novel coronavirus (2019-nCoV) and its impact on end markets.South Africa will enter a 21-day nationwide lockdown from midnight on Thursday March 26 and ordered the country's metals and mining operations to...Read More

Metals, mining and alloy producers have been scenario-planning in response to the novel coronavirus. The South African government appears to have just removed all but one option.President Cyril Ramaphosa ordered the country's mineral resources industry to shut underground mines and furnaces from Thursday March 26, unless they can be operated remotely. The shutdown will last for three weeks an...Read More

Trading activity in the hot-rolled coil market in Northern Europe was slowed by closures at a number of vehicle manufacturers across Europe, although other consuming industries remained relatively active, sources told Fastmarkets on Monday March 23.But at the same time, trading activity in Southern Europe was close to zero, according to market participants.Fastmarkets' daily steel hot-rolled coil...Read More

Here are five Fastmarkets stories you might have missed on Monday March 23 that are worth another look.ArcelorMittal is idling two blast furnaces, in Indiana and Canada, due to the spread of the novel coronavirus (2019-nCoV) and its impact on end markets.South Africa will enter a 21-day nationwide lockdown from midnight on Thursday March 26 and ordered the country's metals and mining operations to...Read More

CIS export rebar and wire rod prices remained largely unchanged in the week to Monday March 23 with trading activity being limited.Lower levels of trade followed the slowdown of demand in most markets due to the spread of the 2019-nCoV coronavirus pandemic."The market is very weak at the moment. If last week there was some activity, today and in the next two weeks it will all be quiet," one trader...Read More

The rebar price in Russia's Central Federal District around Moscow increased in the week to Monday March 23 on a sharp depreciation of the rouble against the dollar. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, including 20% value-added tax (VAT) was 34,500-35,000 roubles ($432-437) per tonne on Monday, up from 34,000-34,500 roubles per...Read More

Keith Weiner, Monetary MetalsThe price of gold dropped $31, and that of silver fell even more by proportion, $2.14. The gold-silver ratio hit a hit of over 126 before closing the week around 119. This exceeds the high in the ratio last hit in the George H.W. Bush recession.Last week, we were warming up to silver, if not recommending it. We said:"While we would not recommend betting on silver wit...Read More

Strengths? The best performing metal this week was gold, down just 2.04 percent. BullionStar, a bullion dealer in Singapore, has seen a record number of orders, order revenue and number of visitors to its center over the past month, according to a post on its website and as reported by Bloomberg. "We have managed to replenish a bit of gold on Saturday but it's very difficult to...Read More