The trading of metals into India is likely to be severely affected by difficulties in opening letters of credit (LCs) now that the country is locked down to contain the spread of the novel coronavirus (2019-nCoV), sources told Fastmarkets on Wednesday March 25.The Indian government imposed the 21-day nationwide lockdown beginning Wednesday, which includes strict curfew measures on the country's 1....Read More

India's steel sector will not come under any restriction during the country's 21-day lockdown to contain the spread of the novel coronavirus (2019-nCoV), though mills continue to face various uncertainties with regard to the move.The steel ministry, in a letter addressed to the sector seen by Fastmarkets, said it was aware of problems faced by the country's steelmakers with regard to the entry of...Read More

Tin ingot premiums in the United States moved up in the week to March 24 on physical supply concerns, with similar fears affecting European market sentiment while Chinese premiums are flat amid ample availability.This all comes despite a near 27% decline in the London Metal Exchange tin price over a fortnightly period.European premiums hold firm but availability a concern. Supply concerns push up...Read More

China's aluminium producer Jisco has started to place their smelters on maintenance following a multi-year low aluminium price on the Shanghai Futures Exchange, sources told Fastmarkets on Wednesday March 25.The company idled 100,000 tonnes of aluminium capacity for an overhaul in the smelter, based in Jiayuguan city, last week but may increase the reduced capacity in the coming days if the low al...Read More

China's domestic rebar prices regained some strength on Wednesday March 25 on a pick-up in buying activity amid rising futures. Eastern China (Shanghai): 3,470-3,500 yuan ($491-495) per tonne, up 20 yuan per tonne Northern China (Beijing): 3,380-3,400 yuan per tonne, narrowed upward by 20 yuan per tonne A trader in eastern China said his sales volume during the day was about a third higher th...Read More

The London Metal Exchange three-month tin price was the standout performer during morning trading on Wednesday March 25, while its peers were suppressed by a pessimistic market reaction to global financial stimulus announced to combat the economic effects of the novel coronavirus (nCoV 2019). "It seems that the market has realized that huge stimulus packages to rebuild economies means just that, a...Read More

The Netherlands is extending a partial lockdown until June to 1 to combatthe coronavirus (2019-nCoV) pandemic but the Port of Rotterdam, Europe's largest port by cargo tonnage, will remain operational, the Port Authority said"The port is working as usual and operations continue 24/7," Allard Castelein, president and chief executive officer of the Port of Rotterdam, said in a statement on Tuesday M...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday March 25. Key drivers  There are supply worries due to the novel coronavirus (2019-nCoV) pandemic. Some suppliers say they are logistical troubles, although many steelmakers have cut production, leaving markets reasonably balanced for now.  Titanium scrap prices also steady and like alloy may be subject to higher offer pri...Read More

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Please check out myt-shirts and support by purchasing https://shop.spreadshirt.com/kevinsco...Follow me on Twitter https://twitter.com/kevinellerbe32Minorities for Trump on Facebook:https://www.facebook.com/groups/13615...FaceBook https://www.facebook.com/senseoutofno...Read More

Sometimes it pays to keep an eye on the news Stateside. During the coronavirus market crash is definitely one of those times. Morgan Stanley has predicted a 30% growth slowdown in the U.S. in the next quarter. Canadian investors may very well conjecture that this is likely to have a direct effect on our own economy.The multinational banker did have some good news, however. A return of the Great De...Read More

Each sector in the stock market has its own “personality.” Some sectors are aggressive movers. They move up and down relatively more quickly, fluctuating the market. Some sectors are stagnant, and some move contrary to the broader market conditions. Similarly, some stocks survive market crashes and corrections better than others.A golden companyFranco-Nevada (TSX:FNV)(NYSE:FNV) is a To...Read More

Typical hematitic sheeted auriferous gold veins from the North Lake project. (Image: MAS Gold). A maiden mineral resource for MAS Gold's North Lake deposit in Canada's Saskatchewan province, within the La Ronge gold belt features 14.1 million tonnes grading 0.92 g/t gold for a total of 417,000 oz.MAS holds a total of 338 sq. km of ground within four properties in Saskatchewan's La Ronge belt. B...Read More

Black Fox gold mine near Timmins, Ontario. (Image courtesy of McEwen Mining) After announcing a temporary suspension of operations until at least March 31 at its 49%-owned San Jos?(C) mine in Argentina late last week due to Covid-19, McEwen Mining reported today it will also be suspending production at its Black Fox mine in Ontario and Gold Bar in Nevada. That leaves only the company's small El...Read More

There happen to be a variety of ways that one can choose to gain exposure to precious metals like gold. Those who have not yet added gold to their portfolio may not know where to start.In this article, I’m going to discuss the pros and cons of different forms of gold investing.Buying physical goldThe old school way to invest in gold, buying physical gold coins, bars or even jewelry as a long...Read More

Mine safety monitoring Credit: IDS Georadar. Worldsensing and IDS GeoRadar, both in the monitoring technology space, cooperated to launch a comprehensive mine safety monitoring system. The integrated system will be the first in the world to offer surface, sub-surface and geospatial monitoring in a single package, simplifying contracting and deployment. The software will exploit Worldsensing's L...Read More

Adobe Stocks Key moves in the Canadian mining sectorMathieu Piche has joined the board of Black Tusk Resources with Alex Klenman resigning as a director.Peter Dickie and Neil McCallum have been appointed to the board of Bluebird Battery Metals. Peter Dickie is also now the company's president and CEO, replacing Nav Dhaliwal, who has resigned from the company.David Watkins has joined...Read More

US coal-fired plant. Stock Image. US domestic demand for thermal coal will fall in the near term as individual states shut down much of the industrial economy to try and stem the coronavirus pandemic, and as slowing economic activity cuts US electricity demand in the second quarter of 2020, Moody's Investors Services said Thursday in a research note, adding that it expects an unprecedented shock...Read More

Petra Capital is acting as lead manager and bookrunner to a two-tranche placement priced at 18c per share, a 23.4% discount to yesterday's close. The offer closes tomorrow afternoon.Read More

Through Resolution 28, the agency has suspended the submission of defenses, evidences, oppositions and appeals in administrative proceedings with respect to infraction, occurrence and collection of revenues related to financial compensation for mineral exploration, inspection fee and fines; and any other term established in the Brazilian Mining Code.The suspension will not apply to obligations and...Read More