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The metals and mining markets are constantly changing. Stay connected to the stories driving change across the global metals markets, including the lasting effect of Russia’s invasion of Ukraine, energy price hikes, trade flow disruptions and the pull of decarbonization targets.
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Dive deeper into the stories impacting your markets with Fastmarkets’ in-depth news and analysis of the global metals market
Newmont will “ramp down” mining at its Yanacocha asset in Peru after the country moved to restrict travel amid global contagion over the Covid-19 coronavirus (2019-nCoV) spread, it said.
After a drop of 12.93% in the Dow Jones Industrial Average (DJIA) on Monday March 16, the futures in the pre-market are up by 4.96% this morning – close to the 5% limit.
With the exception of that for zinc and nickel, base metals prices on the Shanghai Futures Exchange were down at the close of morning trading on Tuesday March 17, with the complex taking its cue from weakness in global equity markets.
The London Metal Exchange intends to suspend all ring trading and move to full electronic pricing from next week if the United Kingdom’s current directives restricting the movement of people in a bid to stop the spread of the Covid-19 coronavirus (2019-nCoV) remain in place.
Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.
Domestic prices for hot-rolled coil in Northern Europe have decreased over the past week due to uncertainty over the novel coronavirus (2019-nCoV) and more competitive import offers.
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