* Shanghai shares hit five-year high on service sectorrecovery * U.S. payrolls jump 4.8 mln but hurdles lie ahead * European markets have subdued end to week * Copper on best weekly run in nearly three years * Rising U.S. COVID-19 cases threaten U.S. recovery * Graphic: World FX rates in 2020* By Marc JonesLONDON, July 3 (Reuters) - World shares stalled near afour-month high on Friday and the indu...Read More
SAULT STE. MARIE - The Ontario government is investing $185,425 to help a natural products manufacturer expand operations, meet growing demand for products that will help in the fight against COVID-19, and create six new jobs as the province gradually restarts the economy.OC Hair Bath & Body Co. will use the funding to purchase new equipment and renovate and expand its facility where it manufactur...Read More
The zero-premium merger of SSR Mining and Alacer Gold could net the new SSR a higher stock price, especially with gold prices risingRead full newsRead More
The latest Insights focuses on the junior mining V-shaped recovery. Our broadcast of the week looks at how investors can use insider data to avoid overhyped stocks with poor quality assets. Meanwhile, our insider of the week is from the oil patch and he as been buying the recent pause in Energy sector stocks.Read More
Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.European importers of long steel and hot-rolled coil have claimed that this week's definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.Chilean...Read More
Chile produced 492,500 tonnes in copper content during May, up 1% from 487,800 tonnes in the corresponding month of 2019, according to data from the country's copper commission Cochilco on Thursday July 2.Chile has been increasing its copper production this year compared to falling volumes in other South American nations like Peru, where the Covid-19 pandemic forced units to close. Including May f...Read More
Three-month prices for base metals on the London Metal Exchange were higher at the close of trading on Thursday July 2, with positive employment statistics from the United States lending support to the complex, while forward-buying in LME copper futures prompted a tightening of the metal's forward curve.Economic data released in the afternoon from the US showed the country's unemployment rate for...Read More
To help prepare for Daunia's autonomous future, it is estimated more than 30,000 hours of training will be delivered, ranging from general awareness to extensive training for those operating equipment, interacting with the autonomous haul trucks, or taking on new roles.The first Caterpillar autonomous trucks will begin from February next year, with the rollout expected to be completed by the end o...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.European importers of long steel and hot-rolled coil have claimed that this week's definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.Chilean...Read More
Chile produced 492,500 tonnes in copper content during May, up 1% from 487,800 tonnes in the corresponding month of 2019, according to data from the country's copper commission Cochilco on Thursday July 2.Chile has been increasing its copper production this year compared to falling volumes in other South American nations like Peru, where the Covid-19 pandemic forced units to close. Including May f...Read More
Scott Shi and Ben Liu have joined Shanxi Securities while the Chinese brokerage company looks to enhance its commodities business, Fastmarkets understands.Shi - formerly of Hong Kong Exchanges and Clearing (HKEX) - and Liu - who worked at Gelin Dahua previously - will...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.European importers of long steel and hot-rolled coil have claimed that this week's definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.Chilean...Read More
The Turkish scrap import market was quiet on Thursday July 2, following two bookings on Wednesday, with mills stepping back to wait for lower prices, sources told Fastmarkets. On Wednesday, a steel mill in the Iskenderun region booked a cargo from the United States, comprising 16,000 tonnes of HMS 1&2 (80:20) at $256 per tonne, 6,000 tonnes of shredded at $261 per tonne and 8,000 tonnes of plate a...Read More
Markets participants are in an optimistic mood while they focus on economic data that is improving and hopes of a Covid-19 vaccine this morning, Thursday July 2, while apparently choosing not to focus on the havoc that the pandemic is causing.US total vehicle sales climbed to an annualized 13.1 million units in June, after 8.7 million units in May; sales were around 17 million in 2019. Spanish une...Read More
The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets...Read More
The cobalt standard grade, in-whs Rotterdam, trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt standard grade, in-whs...Read More
China imported more than double the volume of cobalt metal in May compared with the same period last year due to arbitrage opportunities, according to market sources. China imported 435 tonnes of cobalt metal in May, up 107% year on year from 210 tonnes and 151% higher than April 2020 when imports totaled only at 173 tonnes, according to China Customs data. Several market participants cited the na...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.European importers of long steel and hot-rolled coil have claimed that this week's definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.Chilean...Read More
European domestic prices for cold-rolled coil moved up over the week ended Wednesday July 1, supported by a degree of demand revival and higher prices for hot-rolled coil feedstock, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel cold-rolled coil, domestic, exw Northern Europe, was ?,?480-510 ($539-573) per tonne on July 1, up by ?,?10-20 per tonne week on week from ?,...Read More
The daily index for hot-rolled coil in Northern Europe has inched up further supported by demand recovery and the continuing lack of competitive imports, sources told Fastmarkets on Thursday July 2.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?401.52 ($451.17) per tonne on Thursday, up by ?,?1.52 per tonne day on day from ?,?400.00 per tonne on...Read More