Amish Shah, founder and owner of ALTR Created Diamonds, will be leading a panel entitled 'Lab Grown Diamonds (LGDs): Challenges and Opportunities'. at the Gem & Jewellery Conclave (GJC) Manthan on July 2, 2019. The discussion will be held from 5:45 p.m. to 6:30 p.m. at Hotel Sahara Star in Mumbai, India. Now in its second year, GJC Manthan is an event that brings together 27 industry...Read More
Brent Eiseb, a 24-year veteran of the diamond industry who has risen through the ranks of the Namibia Diamond Trading Company (NDTC) who was recently appointed as its new Chief Executive Officer, gave an extensive interview to the Windhoek Observer, saying that in the previous 11 years since the establishment of Namibia Diamond Trading Company (NDTC), the firm has successfully executed its mandate...Read More
For the ninth consecutive year, Jewelers of America (JA) members met with key lawmakers to discuss trade and tax concerns during its annual advocacy visit to Washington, D.C., on Wednesday, June 19. As in past years, the delegation was led by the Jewelers of America Political Action Committee (JAPAC) . The delegation met with a number of key lawmakers and congressional staff - including Senator To...Read More
Various news US sources have reported that the pearl and gemstone wholesaler Tara Jewels LLC has filed for Chapter 11 protection in a New York bankruptcy court. The company claims more than $10 million in liabilities. The American subsidiary of its Indian parent Tara Jewels Ltd. is said to have about $1 million in assets. Its liabilities, however, are set from an amount of $10 million to as much a...Read More
ArcelorMittal has begun the revamp of a blast furnace in Brazil earlier than planned, and has also temporarily stopped operations at a rebar facility in the country due to market conditions.On June 23, the company started a 70-day maintenance outage at its No2 blast furnace in Tubar??o, in the southeast Brazilian state of Esp?-rito Santo.The stoppage had been planned for August-September.The reaso...Read More
Trineck?(C) ? 3/4 elez??rny shrugged off "the difficult situation on the steel market" to exceed expectation in its full-year results, it said last week, but the Czech Republic steelmaker warned of stronger headwinds this year.It reported a profit of 3.33 billion Czech krone ($148.77 million) after tax for 2018, while revenues from the sale of products, services and goods of 40.496 billion krone w...Read More
Export prices for rebar and wire rod from the Commonwealth of Independent States fell in the week to Monday July 1, amid lower customer bids and reduced mill offers following a drop in buying activity in major sales outlets.Fastmarkets weekly price assessment for CIS rebar exports was $455-465 per tonne fob Black Sea, down from $460-465 per tonne fob.Small cargoes of Ukrainian rebar...Read More
The iron ore market has been on a general uptrend so far in 2019, with prices hitting their highest levels since late April 2014. The market has been focused on the effects exerted by the supply side and especially China's restrictions on blast furnace operations, which may have the greatest influence on prices.The price spread between 65% Fe iron ore and the 62% Fe equivalent declined during June...Read More
In the process of standardizing the names of its prices, Fastmarkets has found that the unit of measurement on some of its value-in-use iron ore indices was displaying incorrectly.In the four indices listed in the table below, the unit of measure had been listed as US cents per tonne or US dollars per dry metric tonne unit (dmtu). The correct value, to which the indices have now been standardized,...Read More
White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpThe company said it had received permits to expand the tailings dam facility and conduct further surface exploration drilling at its polymetallic Yauricocha mine in Peru.Sierra has been looking for a rebound after a first quarter marred by a 12-day strike at Yauricocha, slower-than-expected ramp-ups at its...Read More
Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland minerals'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25The death toll at the Katanga mine is said to have risen from 19 to 43, with the illegal miners wor...Read More
Turkish domestic scrap prices remained largely steady over the past week, sources told Fastmarkets on Monday July 1, with most steel producers keeping their buy prices unchanged. However, domestic scrap prices are expected to recover from this point on, in line with the upturn in the imported scrap values, they added.Only two steel mills have slightly reduced their buy prices - for auto...Read More
Seaborne iron ore prices pushed up again on Monday July 1, with gains also seen in the downstream sector in China.MB 62% Fe Iron Ore Index: $123.65 per tonne cfr Qingdao, up $5.18 per tonne. MB 62% Fe Pilbara Blend Fines Index: $121.69 per tonne cfr Qingdao, up $5.18 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $125.76 per tonne cfr Qingdao, up $6.12 per tonne. MB 58% Fe Premium Index: $113.67...Read More
Seaborne iron ore concentrate prices made little movement last week although the price paid for iron ore pellets continued to move up while environmental restrictions on steelmaking operations in parts of China underpinned demand for the latter.The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $123.03 per tonne cfr China last Friday, moving down by $0.02 per tonne week on week.T...Read More
Pessimism grew in the seaborne coking coal market on Monday July 1, with transactions and offers declining further.A shipment of premium low-vol hard coking coal, scheduled for loading over July 4-14, was sold to an end user in northern China over the weekend at $192.94 per tonne cfr China, according to various sources.This is down around $4 per tonne compared with a transaction last Friday involv...Read More
Fastmarkets MB is changing the frequency of its cfr Taiwan containerized steel scrap assessment to a daily one from Monday July 1. The move follows a one-month consultation, and is aimed at capturing in greater detail the price movements for the steelmaking raw material in Asia, of which those in the territory serve as a major benchmark. This assessment was previously done on a weekly basis and pu...Read More
Equity indices around the world moved higher in overnight trading. They responded to a resumption of trade negotiations between the U.S. and China. The S&P 500 Index futures gained 32.75 points to 2,977.00 implying a move by the Index at the open to an all-time high above the previous high at 2,964.15.Other indices recording significant gains in overnight trading included the Shanghai Composit...Read More
Chinese hot-rolled coil prices strengthened on Monday July 1 on optimism generated by the agreement to resume trade talks between China and the United States.DomesticEastern China (Shanghai): 4,000-4,020 yuan ($582-585) per tonne, up 80 yuan per tonneNorthern China (Tianjin): 3,920-3,940 yuan per tonne, up 70-80 yuan per tonneMills raised their offers over the weekend amid improved sentiment after...Read More
Prices for Chinese rebar increased sharply on Monday July 1 in both the domestic and export markets following signs of an improvement in trade relations between China and the United States over the weekend.Domestic Eastern China (Shanghai): 4,030-4,070 yuan ($587-593) per tonne, up 70 yuan per tonneNorthern China (Beijing): 3,950-3,990 yuan per tonne, up 100-110 yuan per tonneUS President Donald T...Read More
PRIVATE BLOG – Gold Close of June 2019 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More