Import prices for re-rolling-grade hot-rolled coil into Vietnam were stable over the past week on limited demand.Fastmarkets MB's weekly import price assessment for HRC in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $540-545 per tonne cfr for the week ending Monday April 8, unchanged from the preceding week.Offers were at $545-554...Read More
RAPAPORT... Alrosa has signed an agreement withAngola's state-run diamond-mining company to develop joint projects and shareinformation. Alrosa and Endiama have committed to work together onresearch and exploration projects in Angola. The Russia-based miner will alsoprovide training for Angolan specialists at its facilities. "For both Russia and Angola, the diamond industry is animportant part of...Read More
The Executive Council of Macau has developed a proposal for legislation that, if approved by the territory’s Legislative Assembly, would see Macau joining the Kimberley Process Certification System. This was stated in an official communiqué, the Macauhub News Agency has reported. Macau is a Special Administrative Region (SAR) of the People’s Republic of China (PRC), located on t...Read More
RAPAPORT... A 17.43-carat Kashmir sapphire previously owned by aEuropean noble family will go on sale at Bonhams later this month. The cushion-shaped, vivid-blue stone, which dates to thelate 19th or early 20th century, will lead the April 30sale in London, the first time it has appeared at auction. It is expected to fetch GBP 300,000 to GBP 400,000 ($391,080 to$521,440). "Sapphires hailing from...Read More
Alrosa's CEO Sergey Ivanov and Chairman of the Administrative Council of Endiama Jose Ganga Junior signed a Memorandum of Understanding, in the presence of President of the Russian Federation Vladimir Putin and President of the Republic of Angola Joao Louren?? ?o. ALROSA and Endiama aim to strengthen the economic, scientific and technological cooperation between the two companies. They seek...Read More
The 40th edition of OROAREZZO opened at at Arezzo's Fiere e Congressi on April 4th. Prof. Michele Geraci, Italy's Foreign Trade Undersecretary, gave the key note address during the opening ceremony. The show aims to showcase "the very best of Made in Italy jewellery???,? ?on the international market." In his address, Enrico Rossi, President of the Tuscany Region said: "Oroarezz...Read More
The Israel Diamond Exchange (IDE) plans to build a 120-story tower within the Diamond Exchange complex. The tower will be the tallest in Israel and one of the ten tallest buildings in the world. The building will expand the size of the Diamond Exchange complex to 800,000 sqm, from the 100,000 sqm it currently occupies. Some of the new area will be allocated for use by bourse members, and the rest...Read More
Turkish domestic scrap prices have gone down slightly over the past seven days in line with falling imported scrap values, sources said on Monday April 8.Fastmarkets' weekly price assessment for domestic auto-bundle (DKP-grade) scrap in Turkey was TRY1,695-1,870 ($301-332) per tonne delivered on Monday, widened downward from last week's TRY1,700-1,870 per tonne.This slight change came after a numb...Read More
Physical iron ore prices increased further on Monday April 8, with Fastmarkets' MB 62% Fe Iron Ore Index jumping above $95 per tonne cfr China following surges in the derivatives markets.MB 62% Fe Iron Ore Index: $95.30 per tonne cfr Qingdao, up $2.40 per tonne. MB 62% Fe Pilbara Blend Fines Index: $94.42 per tonne cfr Qingdao, up 2.40 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $97.60 per to...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Global Ore, 170,000 tonnes of 62%...Read More
Seaborne coking coal prices were largely stable on Monday April 8 amid thin trading.A cargo of premium mid-vol hard coking coal was offered at 103% of a basket of indices while a shipment of a lower-ranked brand was offered around 98-99% against the same indices, an Indian end-user source said. He did not specify the shipment dates for these...Read More
A summary of Vedanta's production results for the fiscal year ended on March 31, 2019.In brief Vedanta's Indian copper output decreased sharply by 78% due to the Tuticorin smelter's shutdown after protests against its plans to double capacity reached fever pitch toward the end of March.Custom copper volumes at the company's Zambian projects decreased by 22% to 87,000 tonnes over the 2019 financial...Read More
The London Metal Exchange has issued its first code of conduct, outlining standards for behavior that were intended to promote a cooperative working environment, it said in a note to members on Monday April 8.The code of conduct will extend to the LME's entire market remit, and will apply to staff members of LME Group, member employees, visitors at any of the exchange's premises, and to anyone who...Read More
Progress in US-China trade negotiations over the weekend helped push up base metals prices on the London Metal Exchange in early morning trading on Monday April 8. Further progress on US-China trade negotiations was reported over the weekend by Chinese state media CCTV. The overall tone was positive, with CCTV claiming that both sides are working on a draft to address technology transfers, pr...Read More
Fastmarkets hosted a free web seminar with the London Metal Exchange on Monday April 8 to introduce the new LME cobalt contract, cash-settled against Fastmarkets' benchmark cobalt price. If you missed it, follow the link below to listen to the free recording. Introducing the new Fastmarkets-settled LME cobalt contract During the web seminar we discussed: Fastmarkets' price discovery...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixBatteries for electric vehicles (EVs) and stationary energy storage dev...Read More
Base metals prices on the London Metal Exchange were mixed during morning trading on Monday April 8, with the strength in the US dollar index capping prospective gains while low LME stocks fuel upward price momentum. Copper's three-month price was trading around 1% higher over the morning, making a marginal recovery after falling below $6,400 per tonne and selling-off more than 2% of its three-mon...Read More
Eastern promise for PolarXSPONSOREDpolarx"[Brownfield] expansions will keep pace with demand until early next decade ... but as demand increases to 22.5Mt by 2025 the gap will be 2.Read More
Eastern promise for PolarXSPONSOREDpolarx"We want to assure Chile is a leader in the discovery of new deposits and position it as an attractive destination for investment by juniors, facilitate their financing in the local market and openRead More
Progress in US-China trade negotiations over the weekendhelped push up base metals prices on the London Metal Exchange in early morning trading on Monday April 8. Further progress on US-China trade negotiations was reported over the weekend by Chinese state media CCTV. The overall tone was positive, with CCTV claiming that both sides are working on a draft to address technology transfers, pro...Read More