China's domestic rebar prices dropped on Monday March 23 amid falling futures and destocking pressure. Eastern China (Shanghai): 3,460-3,490 yuan ($488-492) per tonne, down 40 yuan per tonne Northern China (Beijing): 3,360-3,400 yuan per tonne, down 20-30 yuan per tonne Rebar futures tumbled during the day amid concerns over how severe an effect the novel coronavirus (2019-nCoV) would have on...Read More
China's hot-rolled coil prices slumped on Monday March 23, with sentiment dampened after futures prices plunged amid global lockdowns due to the novel coronavirus (2019-nCoV) spread.DomesticEastern China (Shanghai): 3,370-3,400 yuan ($475-479) per tonne, down 50-70 yuan per tonneNorthern China (Tangshan): 3,260-3,280 yuan per tonne, down 70-90 yuan per tonneSeveral traders said that sellers had to...Read More
China-based minor metals producer Vital Materials has acquired the Germany-based company FHR Anlagenbau, Vital told Fastmarkets on Friday March 20.The company - with headquarters in Ottendorf-Okrilla in Dresden, Germany - will be integrated into Vitals' thin film material business unit.The transaction completed on March 17 includes all assets, tangible and non-tangible from the previous owner Cent...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
The spread of the novel coronavirus (2019-nCoV) outside China has brought with it logistical restrictions, a reconsideration of raw material requirements and concerns over possible disruptions to supply in the coming weeks. Here are five things under consideration by the minor metals and ferro-alloys markets while the situation develops. Adjustments to delivery and payment terms to mitigate risk T...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
The price of stainless steel in the European domestic market was unchanged this week but the market was bracing itself for a substantial slowdown arising from the consequences of the 2019-nCoV coronavirus pandemic, Fastmarkets heard on Friday March 20.Distributors in Northern Europe reported that demand was largely steady, with customers taking their regular tonnages."March is looking like it will...Read More
Prices for imported UG2 chrome ore and Chinese spot high-carbon ferro-chrome dropped in the week to Friday March 20 due to a bearish outlook for the stainless steel market. Fastmarkets' South Africa UG2 concentrates index, basis 42%, cif China fell for a fifth consecutive week to a four-year low of $114 per tonne on Friday. This was down by $8 per tonne or 6.6% from $122 per tonne a week earl...Read More
Automotive manufacturers in the UK have announced production suspensions after measures taken by European governments to restrict the spread of the 2019-nCoV coronavirus pandemic led to a series of closures among other carmakers, creating problems that affect the supply chain and manufacturing.Ford UKUnited States-based Ford will bring forward scheduled summer shutdowns at its UK operations in Dag...Read More
The Italian government has ordered the closure of all non-essential production operations in the country, including steelmaking, as part of the measures to battle the 2019-nCoV coronavirus pandemic, prime minister Giuseppe Conte said on Saturday March 21.Flat steel producer ArcelorMittal Italia, however, will continue operations despite the new decree, the company told Fastmarkets on March 23.Ital...Read More
Endeavour Mining (TSX: EDV) gave markets a welcome break from COVID-19-related news by announcing the acquisition of Semafo (TSX: SMF) in a $1 billion (US$691 million) deal that will create one of West Africa's top gold miners.The transaction, the company said, will create the biggest gold producer in Burkina Faso and Ivory Coast with production estimated at over 1 million oz. per year.The West Af...Read More
Lundin Gold (TSX: LUG) has temporarily suspended operations at its Fruta del Norte gold mine in Ecuador due to COVID-19, while Newmont (TSX: NGT; NYSE: NEM) has taken similar measures at four of its operations in Argentina, Canada and Peru.Newmont has temporarily suspended activities at Musselwhite, Eleonore, Cerro Negro and Yanacocha.However, Newmont said mines representing about 80% of its produ...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 flexibilitySPONSOREDmicromineNot many investment analysts were publishing buy tips during the worst of the 2008 global financial cri...Read More
Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) - a developer of formulations made with medicinal mushrooms and mushroom-infused products - has acquired...Read full newsRead More
MONTREAL - A $1-billion deal to combine two Montreal companies with West African gold mining operations was met with sharply divergent reactions from their shareholders on Monday. Stock in Endeavour Mining Corp. closed at $20.05, down $1.60 or 7.4 per cent, on the Toronto Stock Exchange after it announced the deal to acquire Semafo Inc. - the stock traded as low as $17.50, down 19.2 per cent, earl...Read More
Endeavour Miningsaid on Monday it will acquire Toronto-listed Semafoin a C$1 billion ($690.7 million) deal to create the biggest gold producer in Burkina Faso, increasing its focus on the country despite rising insecurity.The combined group will produce 1 million ounces of gold a year, EndeavourRead full newsRead More
ImagineAR.com is a mobile augmented reality platform that can be used to instantly create mobile activations and engagements anywhere in the world. Businesse...Read full newsRead More
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Shares of Roche Holding AG Read full newsRead More
"It's not the things they think of that fascinate me ...............It's that they get away with doing it.......................(credit = Zerohedge)"Read full newsRead More