Italian welded tube manufacturer Padana Tubi & Profilati Acciaio is to increase tube capacity at one of its mills with a new welding line, equipment provider SMS Group said on July 3.SMS group will provide the new 16 3/4 -inch ERW tube welding line which will be installed at Padana ?s Guastalla works in 2020. There is already a 14-inch tube welding line at the same location. This new line...Read More
Diamond market quiet as US dealers takevacation. America supporting the trade with steady retail sales and expectedboost from Independence Day weekend. Midstream under pressure with tightliquidity, slow orders and excess inventory. Weak sentiment continues aspolished prices soften. 1 ct. RAPI -1.4% in June. Manufacturers buying polishedrather than rough, as they need to focus on profitability inst...Read More
Cautious sentiment amid ongoing liquidityconcerns and sparse orders. Heavy monsoon rains affecting business, with delaysin delivery and worker arrivals. Fewer foreign buyers in Mumbai. Good demandfor top-make SIs and lower piqu?(C) goods. Manufacturers keeping production 30% to40% below last year's levels. RoundRead More
RAPAPORT... High-end online retailer Net-a-Porter isset to launch an invitation-only digital platform, selling exclusive jewelry toits most loyal members. From later this month, customers whohave been awarded EIP (Extremely Important People) status by Net-a-Porter willbe able to access EIP Priv?(C), a "private and personalized online space" within the Net-a-Porterwebsite. The digital "destination"...Read More
RAPAPORT... When it comes to the size of a diamond, looks can be deceiving, admits Garry Holloway. Two stones with an identical carat weight might not look the same size due to light leaking out of the stone. "Most diamonds are cut too deeply, and therefore measure small [in millimeter terms] for their carat weight," explained Holloway, founder of Melbourne-based Holloway Diamonds. "Deep-cut...Read More
Watch and jewelry sales were finally back in the black in April, but overall, market growth in the US retail jewelry sector remained subdued, compared to the sales results of the same month in 2018. Year-over-year, total jewelry and watch sales grew 1.5 percent in April. Please note that the US government publishes sales data of jewelry two months "after the fact." Interesting enough, while total...Read More
RAPAPORT... Mary Lou Keen, trade-show manager at theAmerican Gem Trade Association (AGTA), is retiring after three decades at the organization. Keen has been responsible for developing AGTA's presenceat a range of national events - including the AGTA GemFair Tucson, the AGTASpectrum Awards and the AGTA pavilion at the JA New York Summer Show. She wasalso pivotal in debuting the AGTA GemFair Las Ve...Read More
Kathryn Parker and Flavio Cereda, equity analysts at Jefferies, wrote in a research note quoted on Insideretail.asia, that sentiment within Hong Kong has almost unanimously worsened since March due to the lingering effects of the trade war reducing high-quality tourism traffic into the territory, the rebalancing of prices after Mainland China's VAT cut, ongoing Hong Kong protests and closer m...Read More
The 19th Congress of the International Colored Gemstone Association (ICA) will take place at the Shangri-La Hotel in Bangkok from 12th to 15th October 2019, enabling industry experts to share their latest knowledge and insights with members of the trade and industry professionals. The biennial ICA Congresses are organized in member countries across the world. Thailand will be the first country to...Read More
A group of investors from Europe and Canada at the Timantti Diamond Project near Kuusamo, Finland, in May 2019. The photo shows part of the Grey Wolf Kimberlite excavated after removing less than two meters of overburden. If it is up to the exploration company Arctic Star Exploration Corp. of Vancouver, Ca., the Timantti Diamond Project, near Kuusamo, Finland, will become a diamond mine,...Read More
ArcelorMittal has widened the area that it considers vulnerable to any tailings dam breach at its Serra Azul iron ore mine in the southeast Brazilian state of Minas Gerais, the company said on Thursday July 4.It has decided to relocate 30 families from the vicinity, it said.The alert status for the mine, however, will remain unchanged at level 2, because those risks did not derive from the latest...Read More
Turkish steel producers continued their deep-sea scrap purchases for August shipments despite increasing prices, market sources said on Thursday July 4.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 26,000 tonnes of HMS 1&2 (80:20) and 1,500 tonnes of bonus, at an average price of $298.50 per tonne cfr.Fastmarkets calculates the HMS 1&2 (80:20)...Read More
Seaborne iron ore prices fell on Thursday July 4, while futures prices on the Dalian Commodity Exchange plunged after hitting a five-year high earlier this week.MB 62% Fe Iron Ore Index: $122.03 per tonne cfr Qingdao, down $2.72 per tonne. MB 62% Fe Pilbara Blend Fines Index: $122.03 per tonne cfr Qingdao, up $2.72 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $124 per tonne cfr Qingdao, down $...Read More
Seaborne coking coal market was stable on Thursday July 4, underlining some market participants' expectations of a slow price slide for the steelmaking raw material.An 85,000-tonne cargo of a top brand of premium low-vol hard coking coal was traded at $197.19 per tonne cfr China. The cargo is scheduled for loading in August.The same brand had fetched $200 per tonne cfr China last week.A buyer sour...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 unlisted Solaris was spun out of growing gold producer Equinox Gold (TSXV: EQX) last year.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGreenland shines brightly in the rare earth spotlightSPONSOREDgreenland minerals'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteThe update "unlocked additional value" at the Alacran deposit and added resources for the Montiel East, Mont...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumMining Journal sister title MiningNewsNet understands there are protestors and some temporary ‘boom gates' along the roads, but they have not impeded operations at the underground mine. MNN was unable to verify claims that vehicles are unable to travel to and from the site. Quality emerges at Galan's...Read More
China's hot-rolled coil prices were unchanged on Thursday July 4 although trading activity dropped in the afternoon after futures declined amid chatter that a group of Chinese steelmakers has planned a working group to study the import iron ore market where prices have hit record highs this year.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($565-567) per tonne, unchangedNorthern China (Tianj...Read More
China's domestic rebar prices were relatively steady on Thursday July 4 amid mild movements in the futures market, though the export segment continued to weaken on soft demand.Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($577-581) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,920-3,950 yuan per tonne, widened downward by 10 yuan per tonneSellers in eastern China raised their p...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for Fastmark...Read More