The Wall Street Journal parent expects its ad revenue to take a hit in direct response to the coronavirus pandemic Media concern News Corp (NASDAQ:NWSA) announced last night that its advertising revenue would plummet as a direct result of the coronavirus pandemic. The Wall Street Journal parent did add that there has been a rise in digital subscribers as COVID-19 moves more of everyone's day-to-da...Read More
Johnson & Johnson and J.P. Morgan Chase both reported earnings this morningDow Jones Industrial Average (DJI) futures are trading comfortably higher this morning, propped up by upbeat results from blue-chips Johnson & Johnson (JNJ) and J.P. Morgan Chase (JPM), the former of which reported first-quarter profit and sales that topped estimates. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Ind...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announced today a business update in response to the Global Covid-19 Pandemic (the "Covid-19 Pandemic"). On March 11, 2020, the World Health Organization declared a global pandemic. In order to combat the spread of COVID-19 governments worldwide have enacted emergency measures including travel bans, legally enforce...Read More
GOLDEN, Apr 13, 2020 (GLOBE NEWSWIRE via COMTEX) --GOLDEN, Colo., April 13, 2020 (GLOBE NEWSWIRE) -- Golden Minerals Company (NYSE American and TSX: AUMN)...Read full newsRead More
Here are five Fastmarkets stories you might have missed on Monday April 13 that are worth another look.Argentinian crude steel production fell by 26.7% year on year in March due to the closure of most plants during a mandatory quarantine enforced by the federal government to contain the spread of the Covid-19 virus, national steel chamber Acero Argentino said.A total of 222,020 tonnes of copper sc...Read More
All but one of Fastmarkets' aluminium scrap price assessments fell on Thursday April 9 while the Covid-19 pandemic-driven market slowdown continued to affect the US scrap business."[This] certainly is an unusual time. I've never seen anything like this in my lifetime," one US scrap consumer source said. "Hopefully the May 4 start-up for many automakers will happen."Fastmarkets assessed the mixed l...Read More
Operations at the Antamina zinc and copper mine in Peru have been suspended as part of its response to the Covid-19 pandemic, according to one of its joint venture partners, Teck Resources Ltd.The Vancouver, Canada-based company said Antamina - in which it has a 22.5% stake - has been allowed by the Peruvian government to change out its previously reduced workforce, which has been in place at the...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Here are five Fastmarkets stories you might have missed on Monday April 13 that are worth another look.Argentinian crude steel production fell by 26.7% year on year in March due to the closure of most plants during a mandatory quarantine enforced by the federal government to contain the spread of the Covid-19 virus, national steel chamber Acero Argentino said.A total of 222,020 tonnes of copper sc...Read More
Operations at the Antamina zinc and copper mine in Peru have been suspended as part of its response to the Covid-19 pandemic, according to one of its joint venture partners, Teck Resources Ltd.The Vancouver, Canada-based company said Antamina - in which it has a 22.5% stake - has been allowed by the Peruvian government to change out its previously reduced workforce, which has been in place at the...Read More
Caterpillar (NYSE: CAT) closed down 8.7% following a downgrade by a Bank of America analyst, who cited weakness in the equipment manufacturer's energy business and a likely "severe capital spending downturn" by energy and mining stocks.The S&P 500 closed down 1% and the S&P/TSX Composite Index lost 0.64%, while the Nasdaq rose 0.48% and the S&P/TSX Venture Composite Index gained 3...Read More
Chinese-Australian miner MMG has withdrawn its copper production guidance for the La Bambas copper mine in Peru as a result of the Covid-19 pandemic but is maintaining guidance for its Dugald River, Rosebery and Kinsevere operations. Las Bambas - one of the world's biggest copper mining facilities - had been expected to produce 350,000-370,000 tonnes of copper in 2020. In 2019, Las Bambas pro...Read More
Here are five Fastmarkets stories you might have missed on Monday April 13 that are worth another look.Argentinian crude steel production fell by 26.7% year on year in March due to the closure of most plants during a mandatory quarantine enforced by the federal government to contain the spread of the Covid-19 virus, national steel chamber Acero Argentino said.A total of 222,020 tonnes of copper sc...Read More
Operations at the Antamina zinc and copper mine in Peru have been suspended as part of its response to the Covid-19 pandemic, according to one of its joint venture partners, Teck Resources Ltd.The Vancouver, Canada-based company said Antamina - in which it has a 22.5% stake - has been allowed by the Peruvian government to change out its previously reduced workforce, which has been in place at the...Read More
Here are five Fastmarkets stories you might have missed on Monday April 13 that are worth another look.Argentinian crude steel production fell by 26.7% year on year in March due to the closure of most plants during a mandatory quarantine enforced by the federal government to contain the spread of the Covid-19 virus, national steel chamber Acero Argentino said.A total of 222,020 tonnes of copper sc...Read More
All but one of Fastmarkets' aluminium scrap price assessments fell on Thursday April 9 while the Covid-19 pandemic-driven market slowdown continued to affect the US scrap business."[This] certainly is an unusual time. I've never seen anything like this in my lifetime," one US scrap consumer source said. "Hopefully the May 4 start-up for many automakers will happen."Fastmarkets assessed the mixed l...Read More
A total of 222,020 tonnes of copper scrap has been approved for import into China in a fifth round of metal scrap import quotas, according to an April 10 release from the China Solid Waste & Chemicals Management Bureau.The latest quota is significantly larger than the 3,520 tonnes approved in the fourth round and brings the total amount of copper scrap approved by the bureau since July 2019 up to...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Here are five Fastmarkets stories you might have missed on Monday April 13 that are worth another look.Argentinian crude steel production fell by 26.7% year on year in March due to the closure of most plants during a mandatory quarantine enforced by the federal government to contain the spread of the Covid-19 virus, national steel chamber Acero Argentino said.A total of 222,020 tonnes of copper sc...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Despite these unprecedented times, US sheet prices moved in line with our expectations over the past month. While we maintain our view on the direction of pricing during 2020 and the length of the pricing downturn, as the Covid-19 crisis deepens we have increased the magnitude of the price declines through the second quarter...Read More