ZINCMINI FREE TIPSZincMini Free Tips – Zincmini Sell Call 220a given at 148.50 Achieved 1st Target 132.50. CMP 132. Total profit of 16 x 2 lot = 32 Points / Rs 32000CALL ID 220a : ZincMini Calls – SELL ZincMini 2 lot at CMP 148.50 Add more at price 150.90 with SL Above price 152 for Target 132.50 – 128.5 Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 18 that are worth another look.More European steel producers have announced production cuts and equipment stoppages because of the measures being taken to combat the 2019-nCoV coronavirus pandemic, sources told Fastmarkets on March 18.The novel coronavirus (2019-nCoV) pandemic is starting to hit mine supply o...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 18.Please click...Read More
Aurania Resources is pulling its staff from its copper and precious metals projects in Ecuador while the country enters lockdown mode in an effort to tackle the 2019-nCoV coronavirus pandemic. The company's flagship asset, the Lost Cities copper-gold project, is located in Cordillera de Cutucu in southeastern Ecuador.All employees have returned to their homes except for two field teams that were e...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 18 that are worth another look.More European steel producers have announced production cuts and equipment stoppages because of the measures being taken to combat the 2019-nCoV coronavirus pandemic, sources told Fastmarkets on March 18.The novel coronavirus (2019-nCoV) pandemic is starting to hit mine supply o...Read More
Workers' trade union No1 for Escondida, the world's largest copper mine, has demanded that main owner and operator BHP adopt preventive measures for its employees in light of the 2019-nCoV coronavirus pandemic, and could go as far as requesting government intervention or going to court."We call on workers' organizations in general to demand that companies and the government prioritize health condi...Read More
Europe's top copper smelter, Aurubis, has said it aims to buy up to 10% of its own shares while announcing an equity buyback program on Wednesday March 18.Aurubis said it would spend up to ?,?200 million ($216 million) on purchasing its own shares in several tranches through stock market acquisitions. ...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 18 that are worth another look.More European steel producers have announced production cuts and equipment stoppages because of the measures being taken to combat the 2019-nCoV coronavirus pandemic, sources told Fastmarkets on March 18.The novel coronavirus (2019-nCoV) pandemic is starting to hit mine supply o...Read More
An overview of the minor metals markets and the reasons behind the latest price moves.Read More
Turkish steel producers resumed their deep-sea scrap bookings for April shipment cargoes with prices down sharply, sources said on Wednesday March 18.A steel mill in the Marmara region booked a Canadian cargo, comprising 18,000 tonnes of HMS 1&2 (90:10), 20,000 tonnes of shredded and 12,000 tonnes of plate and structural (P&S) scrap at an average price of $255 per tonne cfr.Market sources cal...Read More
Japanese export prices for ferrous scrap have fallen for the third consecutive week, with market conditions expected to deteriorate further in the short term, trading sources told Fastmarkets on Wednesday March 18.Fastmarkets' price assessment for steel scrap H2 export, fob main port Japan, settled at ?22,000-22,500 ($206-210) per tonne on Wednesday, down by ?500 per tonne week on week from last...Read More
Aurania Resources is pulling its staff from its copper and precious metals projects in Ecuador while the country enters lockdown mode in an effort to tackle the 2019-nCoV coronavirus pandemic. The company's flagship asset, the Lost Cities copper-gold project, is located in Cordillera de Cutucu in southeastern Ecuador.All employees have returned to their homes except for two field teams that were e...Read More
Auryn Resources Inc, which is developing the Sombrero copper-gold project in southern Peru, has halted work after recalling all personnel from the field due to the novel coronavirus (2019-nCoV) pandemic, the company said. The decision was made prior to the Peruvian government mandating a temporary two-week border lockdown, with all work at public institutions also suspended for 15 days. "Such disr...Read More
Despite massive rescue packages announced by governments around the world, equity indices are still falling - as are most of the base metals - this morning, Wednesday March 18.But we are starting to production halts emerge in the metals, so both the demand and supply sides of the supply/demand equation are now likely to be reined in. Although with economic activity in Europe slowing, demand is lik...Read More
Cobalt sulfate prices fell below 50,000 yuan ($7,131) per tonne on Wednesday March 18, with the rapid spread of the novel coronavirus (2019-nCoV) outside China exacerbating concerns over slower growth in global electric vehicle (EV) production. Fastmarkets' price assessment for cobalt sulfate 20.5% Co basis exw China, dropped to 47,000-49,000 yuan per tonne on Wednesday March 18, down 5.8% from 50...Read More
The feasibility study for an expansion of the currently idled First Cobalt cobalt refinery in Canada continues despite the novel coronavirus (2019-nCoV) outbreak, with a restart in the fourth quarter under consideration.The company is contemplating an initial recommissioning of the refinery in partnership with commodities miner and marketer Glencore before expanding production as early as the seco...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 18 that are worth another look.More European steel producers have announced production cuts and equipment stoppages because of the measures being taken to combat the 2019-nCoV coronavirus pandemic, sources told Fastmarkets on March 18.The novel coronavirus (2019-nCoV) pandemic is starting to hit mine supply o...Read More
More European steel producers have announced production cuts and equipment stoppages because of the measures being taken to combat the 2019-nCoV coronavirus pandemic, sources told Fastmarkets on Wednesday March 18.The outbreak continues to hamper steel output in Europe with more producers announcing either stoppages or production slowdowns this week, sources said.The largest European steel produce...Read More
The mood in the European hot-rolled coil market has been negative since the announcements of plant closures by a number of major car manufacturers, sources told Fastmarkets on Wednesday March 18.This week, most major European car makers were set to close production units in response to the effects of the spread of 2019-nCoV coronavirus.Market activity, in the meantime, has been low due to risks re...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 18 that are worth another look.More European steel producers have announced production cuts and equipment stoppages because of the measures being taken to combat the 2019-nCoV coronavirus pandemic, sources told Fastmarkets on March 18.The novel coronavirus (2019-nCoV) pandemic is starting to hit mine supply o...Read More