A summary of base metals premiums from across the globe for the week to Tuesday March 24.Please click on...Read More
India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.In an address to the nation, Indian prime minister Narendra Modi said that the lockdown was effective from midnight local time, 18:30 London time."For the past two days, many parts of the country have been locked down. From m...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 24, 2020I said yesterday morning that amidst all the Corona War mayhem, a move over $1550 for gold would be incredibly positive.Pleaseclick here now. Double-click to enlarge this spectacular gold chart.$1550 is now support!Pleaseclick here now.In what is arguably the most horrific ac...Read More
The Dow Jones Industrial Average rose 11.37%, its biggest one-day percentage gain since 1933, Reuters reported.The S&P 500 closed up 9.38%, the FTSE 100 rose 9.05%, Japan's Nikkei 225 gained 7.13% and the S&P/TSX Composite Index was up 11.96%.The gold price has zig-zagged higher in the past 24 hours.It's leapt up from below US$1,600 an ounce on the spot market to head towards $1,700/oz bef...Read More
Iron ore prices slumped to levels not seen since early February on Monday, with benchmark 62% Fe fines closing at $80.20/tonne."We are not yet looking at a glut of seaborne iron ore. But risks are escalating, and the balance is tilting towards a bigger hit to iron ore demand than supply," said Wood Mackenzie research director Paul Gray.Gray said his firm's analysis showed prices should gravitate t...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 24 that are worth another look. India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.Freeport-McMoRan has declared force majeure on near-term sales agreements for its Cerro Verde mine in Peru, according to...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") has joined the Chicago-based COVID-19 Innovation Coalition to offer advanced Supply Chain services, technical resources, and relevant logistics expertise to suppliers and health care providers facing unprecedented demand amid the Novel Coronavirus outbreak.The COVID-19 Innovation Coalition is a network of entrep...Read More
India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.In an address to the nation, Indian prime minister Narendra Modi said that the lockdown was effective from midnight local time, 18:30 London time."For the past two days, many parts of the country have been locked down. From m...Read More
South African state transport operator Transnet has confirmed that all the country's bulk terminals will be closed to minerals shipments under a three-week government-ordered lockdown amid the novel coronavirus (2019-nCoV) pandemic. President Cyril Ramaphosa announced the lockdown on the evening of Monday March 23, stating it will run from midnight on March 26 until April 17. The bulk termina...Read More
Stewart Thomson, Graceland Updates 1. I said yesterday morning that amidst all the Corona War mayhem, a move over $1550 for gold would be incredibly positive.2. Please click here now. Double-click to enlarge this spectacular gold chart. $1550 is now support!3. Please click here now. In what is arguably the most horrific act in the history of the United States, and ce...Read More
By Gary SavageMar 23, 2020https://blog.smartmoneytrackerpremium.com/Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 24 that are worth another look. India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.Freeport-McMoRan has declared force majeure on near-term sales agreements for its Cerro Verde mine in Peru, according to...Read More
Rio will curtail production at Richards Bay Minerals by midnight on Thursday. The titanium operation was previously suspended for five weeks late last year due to security issues.Read More
A two-day lockdown announced on Sunday night in the Democratic Republic of Congo's (DRC) Haut Katanga province has heightened concerns that the spread of the novel coronavirus (2019-nCoV) could affect the supply of copper and cobalt coming from the region. The lockdown prohibits all activity in the province, which, as well as being a production hub, provides a crucial export route for raw material...Read More
Ferrous scrap prices in Mexico increased in the week ended Friday March 20 on a strong currency devaluation which made the material more expensive in pesos, while steelmakers were building inventories before scrap runs out amid global lockdowns.At least two major steel producers bid for scrap at prices 200-300 pesos ($8-12) above those of the previous week. But the increase was not enough to offs...Read More
Production cuts, closures and weak steel trade resulting from the global spread of the novel coronavirus (2019-nCoV) sent Turkish scrap import prices sharply down again on Tuesday March 24.News of a trade from March 19 emerged today, when a steel mill in the Iskenderun region booked a UK cargo of 15,000 tonnes of HMS 1&2 (80:20) at $226 per tonne cfr.That was substantially lower than&nbs...Read More
European Aluminium is contesting the launch by the United States of an anti-dumping investigation into common alloy aluminium sheet from various European countries and has instead called for the European Commission to address subsidized Chinese overcapacity. The investigation concerns Croatia, Germany, Greece, Italy, Romania, Serbia, Slovenia, Spain and Turkey and was opened earlier this month. "W...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 24 that are worth another look. India is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.Freeport-McMoRan has declared force majeure on near-term sales agreements for its Cerro Verde mine in Peru, according to...Read More
South African platinum and chrome miner Tharisa will cease mining after its night shift on Wednesday March 25 in response to a government-imposed three-week lockdown amid the spread of the novel coronavirus (2019-nCoV). President Cyril Ramaphosa announced the lockdown on the evening of Monday March 23, saying all mines would be required to shut down by midnight on Thursday. "Tharisa fully sup...Read More
The ramping-up of copper production at First Quantum Minerals' Cobre Panama project may be slower than expected, with output in the first half of this year likely to be affected by the health protocols designed to prevent the spread of the 2019-nCoV coronavirus pandemic.Cobre Panama, the only major greenfield project in the copper industry, has been specifically authorized by the government of Pan...Read More