On INK Ultra Money, we have a Real Vision dive into the economic and market impact of coronavirus along with the role that bitcoin could play as the financial system evolves in the wake of the crisis. INK Research also looks at some insider buying in another Canadian resource company that traded at decade lows last month.Canadian Insider Ultra Club members have access to premium and free content...Read More
The alcoholic beverage producer posted fiscal fourth-quarter earnings and revenue that beat estimates Wine and beer producer Constellation Brands, Inc. (NYSE:STZ) surged higher in pre-market trading before eventually falling flat, even after announcing fiscal fourth-quarter earnings of $2.06 cents per share, and $1.9 billion in revenue, beating analysts estimates. The firm said it has plenty of...Read More
Oil prices are once more rebounding today Dow Jones Industrial Average (DJI) futures are pointed lower by nearly triple digits this morning, as coronavirus cases top one million worldwide.Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also deep in the red before the open,as investors unpack the Labor Department's nonfarm payrolls report, which dropped by 701,000 in March, th...Read More
March 31, 2020 (ACCESSWIRE via COMTEX) --VANCOUVER, BC / ACCESSWIRE / March 31, 2020 / First Mining Gold Corp. (Read full newsRead More
Here are five Fastmarkets stories you might have missed on Thursday April 2 that are worth another look.Tata Steel has reduced output at its steel production sites in India and Europe due to decreased demand, and to obey the temporary regulations imposed to tackle the spread of the Covid-19 pandemic, the company said on Wednesday April 1.Norsk Hydro has decided to postpone adding 95,000 tonnes per...Read More
Rio Tinto has declared force majeure on shipments of copper cathode from its Kennecott copper mine in the US state of Utah following a 5.7-magnitude earthquake near the site last month.All operations at the site were temporarily halted after the quake, with staff evacuated while an assessment was made. The mine, concentrator and tailings have since resumed operations, but the company has been work...Read More
Norsk Hydro has decided to postpone adding 95,000 tonnes per year to capacity at the Husnes aluminium plant in Norway in light of the rapidly deteriorating market conditions caused by the Covid-19 pandemic. The ramp-up of Husnes was originally planned to begin in the first half of 2020, but has now been postponed to the third quarter at the earliest. This is also dependent on market developme...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 2 that are worth another look.Tata Steel has reduced output at its steel production sites in India and Europe due to decreased demand, and to obey the temporary regulations imposed to tackle the spread of the Covid-19 pandemic, the company said on Wednesday April 1.Norsk Hydro has decided to postpone adding 95,000 tonnes per...Read More
Key pricing data from the pricing session for Fastmarkets' alumina index, fob Australia, on Thursday April 2.Key drivers Fastmarkets' daily alumina index, fob Australia, was calculated at $237 per tonne on Thursday, down from $241.52 per tonne the day before and down by more than 11% from $268.33 per tonne on Thursday last week. The index is now at its lowest since September 26, 2016, when...Read More
Rio Tinto has declared force majeure on shipments of copper cathode from its Kennecott copper mine in the US state of Utah following a 5.7-magnitude earthquake near the site last month.All operations at the site were temporarily halted after the quake, with staff evacuated while an assessment was made. The mine, concentrator and tailings have since resumed operations, but the company has been work...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 2 that are worth another look.Tata Steel has reduced output at its steel production sites in India and Europe due to decreased demand, and to obey the temporary regulations imposed to tackle the spread of the Covid-19 pandemic, the company said on Wednesday April 1.Norsk Hydro has decided to postpone adding 95,000 tonnes per...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lb. Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-whs Rotterdam, $/lb...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.A 6% decline in the daily average 62% Fe iron ore fines benchmark last week contributed to the lowest quarterly price rise for the first quarter in five years, in spite of clear evidence of supply-side constraints. Although there were clear demand-related obstacles to iron ore suppliers raking in more typical, seasonal price...Read More
Norsk Hydro has decided to postpone adding 95,000 tonnes per year to capacity at the Husnes aluminium plant in Norway in light of the rapidly deteriorating market conditions caused by the Covid-19 pandemic. The ramp-up of Husnes was originally planned to begin in the first half of 2020, but has now been postponed to the third quarter at the earliest. This is also dependent on market developme...Read More
The Turkish steel producers have continued to stay away from the deep-sea scrap market, while suppliers were raising their offer prices because of tightening supplies, sources said on Thursday April 2.The most recent deep-sea deals had put prices at $206-207 per tonne cfr for HMS 1&2 (80:20) and mills' expectations since then have been around $200-205 per tonne for similar material.But suppliers w...Read More
Markets seem to be in the calm before the United States employment data storm this morning, Thursday April 2, with metals prices mixed, trading volume low and not much movement on equity indices for a change. Asian-Pacific equity indices were mixed this morning, but pre-market western futures were firmer with the Dow Jones Industrial Average up by 1.2% as at 7 am London time. Stocks in Asia initia...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lb. Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-whs Rotterdam, $/lb...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw China, yuan/tonne. Fastmarkets lith...Read More
Minor metals and ores and alloys producers that rely on shipping routes out of South Africa are warning that practical barriers to producing and transporting material outweigh any technical green light to export, amid conflicting instructions from the country's authorities. A notice from South African Maritime Safety Authority (SAMSA) caused widespread confusion on Tuesday by saying mineral export...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 2 that are worth another look.Tata Steel has reduced output at its steel production sites in India and Europe due to decreased demand, and to obey the temporary regulations imposed to tackle the spread of the Covid-19 pandemic, the company said on Wednesday April 1.Norsk Hydro has decided to postpone adding 95,000 tonnes per...Read More