A shortage of shipping containers resulting from the control measures put in place in China to contain the spread of the novel coronavirus (2019-nCoV) is slowing global trade.Container ships are waiting offshore for the chance to unload goods at Chinese ports, while the same ports are also stacked with empty containers waiting to be filled and returned to the seaborne market. The build-up of empty...Read More

Seaborne coking coal prices were stable on Monday March 2, as most market participants in China adopted a wait-and-see approach on seaborne coking coal buying.Fastmarkets indicesPremium hard coking coal, fob DBCT: $162.39 per tonne, up $0.34 per tonnePremium hard coking coal, cfr Jingtang: $168.54 per tonne, up by $0.01 per tonneHard coking coal, fob DBCT:...Read More

Seaborne iron ore prices surged on Monday March 2, boosted by expectations that stimulus measures from the Chinese government, following weak manufacturing data, will lend much-needed support to the country's economic growth and specifically the commodities sector.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $88.93 per tonne, up $4.97 per tonne.62% Fe low-alumina fines, cfr Qingdao: $90....Read More

Global gross domestic product (GDP) growth and dry bulk trade are both facing uncertainty due to the spread of the novel coronavirus (2019-nCoV), though Chinese government stimulus measures are likely lend much-needed support, iron ore miner Rio Tinto said last week. "We are currently evaluating the impact of the Covid-19 [disease], which could create significant uncertainty for our business in th...Read More

China's hot-rolled coil market participants are alert for possible price drops amid mounting inventories, even as domestic prices rebounded on Monday March 2.DomesticEastern China (Shanghai): 3,480-3,510 yuan ($498-502) per tonne, widening upward by 10 yuan per tonneNorthern China (Tangshan): 3,260-3,280 yuan per tonne, up 20-30 yuan per tonneSpot prices rebounded on Monday following futures gains...Read More

China's domestic rebar prices dropped further on Monday March 2, but futures picked up following news that most industry sectors in the country have resumed work.Eastern China (Shanghai): 3,360-3,390 yuan ($482-486) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,260-3,290 yuan per tonne, down 60-70 yuan per tonneMore local governments have reported that various industries and projec...Read More

The novel coronavirus (2019-nCoV) is making its presence felt in Vietnam's hot-rolled coil markets, with sentiment in the major importing nation taking a hit in the past week.Fastmarkets' steel HRC import, cfr Vietnam assessment, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $470-472 per tonne cfr for the week ending Monday March 3,...Read More

China's export price of electronic manganese flake dropped by $60-150 per tonne on Friday February 28 after overseas buyers retreated on sufficient stocks and expectations supply will improve now that producers in southwest China are resuming operations, market sources said.Fastmarkets assessed the price of manganese 99.7% electrolytic manganese flake, fob China at $1,700-1,850 per tonne on F...Read More

The price of European aluminium ingot 226 continued to climb on Friday February 28 due to strong domestic demand amid concerns that the spread of the novel coronavirus (2019-nCoV) in Italy could hamper production in the region, leaving a tight market with inadequate supply. Fastmarkets assessed the price of aluminium diecasting ingot DIN226/A380, delivered Europe at ?,?1,420-1,480 ($1,566-1,6...Read More

Global ferrous scrap prices edged up (apart from in Turkey) in the week to Friday February 28, mainly due to a rise in freight rates, with many market participants reporting weak trading activity.Turkish import scrap prices dip as bookings slowUS export scrap prices remain largely stableFreight costs continue to push up prices in Taiwan and VietnamIndian import prices steady on lackluster salesTur...Read More

Bangladesh steel producer GPH Ispat has begun trial production at its new electric arc furnace (EAF) in Kumira, Chattogram state, market sources told Fastmarkets.The EAF will have capacity of 800,000-900,000 tonnes per year, according to a Bangladeshi source. That will take GPH's overall steelmaking capacity above 1 million tpy.GPH Ispat's new mill will produce billet to be further transformed int...Read More

Since people don't get notified by my uploads you can keep up to date if you join my Discordhttps://discord.gg/Hw8ENncI also have a live stream channel if you are interestedhttps://www.youtube.com/channel/UCPOt...If you like my channel please consider living a tip in the Jar : https://www.subscribestar.com/vee https://www.patreon.com/Veemonro?ty=hhttps://www.paypal.com/cgi-bin/webscr...http://vee-...Read More

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The top gold mining company Barrick Gold (TSX:ABX)(NYSE:GOLD) stock has surged more than 60% in the last 12 months. However, even after a strong rally, the stock still seems to have a long way to go. Stable earnings and dividends, along with a solid outlook for the yellow metal ahead in 2020, make it an attractive pick for long-term investors.Almost a zero-debt companyBarrick Gold is fast approach...Read More

After a tumultuous two-week period, markets shot back to life yesterday, erasing some but not all of the losses recently sustained. Despite that positive move, market volatility remains high, and most investors are likely pondering the same questions: What will happen next, and how can I protect my hard-earned portfolio?While defensive investments remain the go-to answer to many of those uncertain...Read More

The coronavirus outbreak has triggered considerable fears that a global recession is imminent, with some analysts predicting that global economic growth could be cut in half. Indeed, gross domestic product is predicted to expand by a modest 1.5% during 2020, creating an environment of fear that sees many investors fleeing stocks for the ultimate safe haven asset, gold.This has seen the yellow meta...Read More

Up 34% over the last 12 months, gold mega-miner Newmont (TSX:NGT)(NYSE:NEM) was one of only a handful of stocks that remained positive south of the border as the S&P 500 Index tanked. By the end of the week, its performance on the similarly battered TSX showed a 10% loss — a move that would have alarmed even the most steadfast of investors in any other week.Seeing a classic defensive pla...Read More

Drill rig at the Marathon Deposit, Valentine Lake Gold Camp - Image courtesy of Marathon Gold Drilling between the Marathon and Leprechaun deposits at Marathon Gold's (TSE: MOZ) Valentine Lake project in Canada's Newfoundland province has confirmed a new area of mineralization: The Berry zone.Drill highlights include 55 metres of 2.24 g/t gold, 8 metres of 3.92 g/t gold and 8 metres of 3.02 g/t...Read More

Norcat, a provider of skilled labour training for the mining industry, has announced a partnership with Vale (NYSE: Vale) to develop and deploy an experiential learning program.As part of this partnership, Norcat is creating interactive and experiential training tools which include virtual reality (VR) pre-operational circle check training and exercises for mine equipment. As part of this part...Read More

Weekly Reports |Mar 03 2020Aggressive selling in the uranium market kept a lid on spot prices during February despite increased utility demand.-U3O8 spot price range-bound-February volumes drop from January-Japanese reactor restarts still a slow processBy Greg PeelActivity in the spot uranium market was relatively consistent through the month of February, industry consultant TradeTech reports. Onl...Read More