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Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher Monday following news of a surge in China's manufacturing output and signs of progress in the U.S.-China trade talks. Shares of Lyft  (LYFT  declined sharply on the ride-sharing company's second full day of trading on the Nasdaq, after its massive IPO last week. Amazon.com (A...Read More

Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Monday April 1, supported by strength in both the Chinese and United States' manufacturing data despite continued market concerns over the health of the global economy. Despite reported strength from the manufacturing sector, US retail sales were weaker than expected in February at -0.4%, down from...Read More

The US copper price built on Friday's momentum with the base metals complex receiving a boost from strong Chinese manufacturing data on Monday April 1.The copper price for May settlement on the Comex division of the New York Mercantile Exchange rose by 1.25 cents to $2.9520 per lb. Overnight, the Chinese official manufacturing purchasing managers' index (PMI) rose to 50.5 in March, beating the exp...Read More

Copper concentrate treatment and refining charges (TC/RCs) for Asia Pacific continued to drop in the second half of March in the absence of Las Bambas output, while Chinese smelters are prepared to accept significantly lower spot TCs for the second quarter this year. Fastmarkets' spot copper concentrate index for Asia Pacific was calculated at $66.7 per tonne/ 6.67 cents per lb on March 25, d...Read More

Here are five Fastmarkets MB stories you might have missed on Monday April 1 that are worth another look.The United States has challenged European Union proposals to label titanium dioxide and cobalt as carcinogens on free-trade grounds. As consumer inventories of cobalt start to run low, their metal restocking alone is unlikely to establish a floor in ailing prices, such is the believed exte...Read More

The price of domestic ferro-chrome in China fell in the week ended Friday March 29 on lower offers from suppliers trying to tempt stainless steel consumers to buy, while the price of imported alloy was stable due to supply concerns. Domestic alloy prices in China drop prior to VAT cut  Tenders in Japan see ferro-chrome price rise  Imported ores into China rise  Rise in the top end...Read More

Copper concentrate treatment and refining charges (TC/RCs) for Asia Pacific continued to drop in the second half of March in the absence of Las Bambas output, while Chinese smelters are prepared to accept significantly lower spot TCs for the second quarter this year. Fastmarkets' spot copper concentrate index for Asia Pacific was calculated at $66.7 per tonne/ 6.67 cents per lb on March 25, d...Read More

As consumer inventories of cobalt start to run low, their metal restocking alone is unlikely to establish a floor in ailing prices, such is the believed extent of the surplus, according to Fastmarkets' market sources. Trader and consumer buying returned to the cobalt market in earnest last week for the first time in the best part of a year, but the restocking does not signal the beginning of a ret...Read More

With the international cobalt metal market falling rapidly between December 2018 and February this year, the arbitrage between the international and Chinese cobalt metal price has gradually turned in favor of Chinese imports. As a result, Chinese buyers have been considering increasing their shipments of cobalt metal since February with an expectation international cobalt prices are close to botto...Read More

Prices for shipbreaing scrap prices in Turkey have gone down slightly this week with one steel mill reducing its buying prices, but auto bundle scrap prices remained stable over the past week, sources said on Monday April 1.Fastmarkets' weekly price assessment for Turkish domestic melting scrap from shipbreaking was $320-325 per tonne on April 1, narrowing downward from the $320-330 per tonne deli...Read More

Editor’s Note: This story was previously published in February, 2019. It has since been updated and republished.The 2018 midterm elections made clear that Americans preferred legalization over the continued prohibition of pot, which should bolster the case for the top marijuana penny stocks.When residents in California voted for full recreational weed, it boded well not just for marijuana pe...Read More

Turkish steel mills continued to hold back from the deep-sea scrap markets to watch which way the market moves after the mayoral elections held across the country yesterday, sources said on Monday April 1.The main opposition Republican People's Party (CHP) has claimed victories in the coastal Aegean and Mediterranean provinces, as well as in major cities including Istanbul. It also claims to have...Read More

The Monday Market Minute Global stocks gain as China records the strongest reading of manufacturing activity in eight months in March, raising hopes that Beijing's stimulus plans can support the world's second-largest economy.Weaker factory activity readings in Japan and Germany cap gains, however, as trade war concerns linger ahead of this week's visit to Washington by China' Vice Premier Liu H...Read More

Better Chinese manufacturing data has surprised the market and boosted three-month base metals prices on the London Metal Exchange by an average of 1% this morning, Monday April 1.Nickel led the way with a 2.2% gain to $13,285 per tonne, up from Friday's close at $12,995 per tonne, while tin was the laggard with a 0.4% gain. Aluminium, zinc and lead were all up by 0.9%, while copper was up by 0.7%...Read More

The European Commission (EC) has published a secondary regulation that lays down how it will assess and authorize conflict mineral due diligence schemes. The schemes can be used by European Union metal importers to demonstrate they have not sourced product from mines and smelters associated with human rights abuses.This new regulation (EU) 2019/429 'on methodology and criteria for the assessment a...Read More

With the international cobalt metal market falling rapidly between December 2018 and February this year, the arbitrage between the international and Chinese cobalt metal price has gradually turned in favor of Chinese imports. As a result, Chinese buyers have been considering increasing their shipments of cobalt metal since February with an expectation international cobalt prices are close to botto...Read More

Cobalt prices rose for the first time since late October 2018 at the end of March with traders and consumers restocking. Fastmarkets' benchmark standard-grade cobalt price assessment was $13.75-14.40 per lb, in-warehouse, on Friday March 29, up 2.2% from the previous $13.30-14.25 per lb on March 27, when they had risen 5 cents at the high end of the range. Fastmarkets' pri...Read More

The market for hot-rolled (HR) and cold-rolled (CR) steel sheet in Russia's Central Federal District around Moscow was strong during the week ended Monday April 1, on seasonally good demand.Fastmarkets' weekly price assessment for Russia-origin 4mm HR sheet was stable at 43,900-44,000 roubles ($668-670) per tonne cpt Moscow on April 1, including 20% VAT."Demand [in the secondary market] remains st...Read More

The market for flat steel exports from the Commonwealth of Independent States (CIS) has softened on improved availability of May-rolling products, sources told Fastmarkets on Monday April 1.Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was $500-515 per tonne fob Black Sea on April 1, down from $510-520 per tonne fob a week ago.Magnitogorsk Iron & Steel Works...Read More