Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Monday November 2, with the short-term outlook uncertain with much of Europe moving into tighter lockdowns, while China's new five-year plans look supportive, as does the economic data out of China and Japan this morning. Japan and China report stronger manufacturing purchasing managers inde...Read More

(IDEX Online) - The diamond pipeline has reverted, for the first time in almost a century, to one that is truly driven by demand, say industry experts Pranay Narvekar and Chaim Even-Zohar.Rough suppliers no longer set the price and this is a welcome development, they say in The 2019 Pipeline - Prelude to the Storm, an authoritative analysis of the state of the industry, available online from this...Read More

RAPAPORT... De Beers is allowing customers to defer purchases of smaller rough at this week's sight, as reduced manufacturing capacity in India has slashed demand.Sightholders can refuse to buy fancies, makeables and sawables up to 0.75 carats, and instead make the purchases before the end of the first quarter of 2021, market insiders told Rapaport News Monday. De Beers is also letting custom...Read More

RAPAPORT... The Belgian diamond industry is mourning the death of Jacques "Jacky" Korn, a former president of the Antwerp Diamond Bourse and a veteran of the trade.Korn previously served as the vice president of the Federation of Belgian Diamond Bourses and the Antwerp World Diamond Centre (AWDC). He died on Sunday, the Antwerp Diamond Bourse said in a note to members the same day. On Monday,...Read More

RAPAPORT... Sales of jewelry and other luxury items in Hong Kong slid in September, even as the slowdown in the market began to ease.Revenue from watches, clocks and other valuable gifts fell 26% year on year to HKD 2.74 billion ($352.8 million) for the month. While the drop was significant, it was less sharp than the declines seen in the past few months, and could indicate the beginning of a rebo...Read More

Diamond prices kept rising in October, as the IDEX Polished Diamond Price Index recorded a third consecutive month of increase. This follows an overall decline since mid-2018 and a dip during the first wave of coronavirus in March and April. The four-year graph below is a good indicator of the overall direction of travel, even though, as we'll see later, the Index was up only fractionally in...Read More

RAPAPORT... A group of industry members has formed the Black in Jewelry Coalition (BIJC) to help Black professionals gain access to the resources and opportunities they need to succeed in the trade.The coalition's board of directors is composed entirely of Black industry professionals. It will be open to Black members along the entire industry pipeline, including corporate, trade, jewelry design,...Read More

RAPAPORT... The proportion of consumers who have heard about lab-grown diamonds has risen to 80% in 2020, up from 58% two years ago, an MVI Marketing survey found.Meanwhile, 69% of shoppers knew of specific brands that use lab-grown diamonds, compared to 49% in 2018. "Lab-grown diamond is a high-margin category that consumers are reacting to positively," MVI CEO Marty Hurwitz said last week. "Now...Read More

Hot-rolled coil prices in the United States rose slightly ahead of the US presidential election on Tuesday November 3.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $34.21 per hundredweight ($684.20 per ton) on Monday November 2, up 0.2% from $34.13 per cwt on Friday October 30 and 0.3% higher than $34.10 per cwt a week ago on Monday October 26.Heard in the marketDes...Read More

Prices for carbon steel plate in the United States jumped after enough buyers accepted the latest round of price increases from domestic mills. Fastmarkets' weekly price assessment for steel cut-to-length plate, fob mill US climbed to $31 per hundredweight ($620 per short ton) on Friday October 30, up by 5.1% from $29.50 per cwt ($590 per short ton) on October 23.Although six rounds of attempted m...Read More

Prices for domestic and imported merchant bar quality (MBQ) steel in the United States remained flat in the face of steadily rising demand from the construction industry in the West and the South as well as service centers rebuilding their inventories.Fastmarkets' monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US held steady at $35.30 per hundredweight ($706...Read More

Domestic prices for hot-rolled coil in Northern Europe were unchanged on Monday November 2, although mills are continuing to target price rises, market sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?505.00 ($587.97) per tonne on Monday November 2, unchanged from Friday.The index was up by ?,?7.08 per tonne week on wee...Read More

CIS exporters of steel rebar and wire rod have turned bullish following the recent uptick in long steel prices globally, and have increased their offer prices to foreign customers, Fastmarkets heard on Monday November 2.Russia-origin rebar was available at $460-463 per tonne fob late last week, sources told Fastmarkets.Ukraine-origin material was offered to customers in various destinations, such...Read More

Domestic steel rebar prices in Russia's Central Federal District around Moscow were mostly stable over the past seven days to Monday November 2 despite producers pushing for higher prices for November deliveries, sources told Fastmarkets. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia remained at 40,000-41,000 roubles ($503-516) per tonne...Read More

Drill results multiply value options in front of YandalSPONSOREDyandal resourcesThe event continues with its philosophy of providing a one-stop-shop of pertinent information for any company interested in operating or investing in the mining space in the region, with expert opinion from more than 50 speakers and panelists, with simultaneous English-Spanish interpretation.CGS2020 is a free-to-attend...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The hit comprised 23.3m at from 23.3m at 3.48% copper, 8.84% zinc, 1.24% lead, 64.4 grams per tonne silver and 0.5gpt gold from 445m, the best ever returned from the project.Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootThe company posted EBITDA of $3.4 billion, 35% higher than the prior year period.Codelco also saw increased productivity a...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Monday November 2, with the short-term outlook uncertain with much of Europe moving into tighter lockdowns, while China's new five-year plans look supportive, as does the economic data out of China and Japan this morning. Japan and China report stronger manufacturing purchasing managers inde...Read More

Domestic auto bundle scrap prices in Turkey have increased over the past week in line with the weakening lira, sources said on Monday November 2.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 2,210-2,380 lira ($266-287) per tonne on Monday, up from 2,040-2,320 lira per tonne last week.The increase follows a further depreciation in the countr...Read More

Seaborne iron ore prices were up slightly on Monday November 2 amid strong demand for steel products, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $118.06 per tonne, up $0.57 per tonne62% Fe low-alumina fines, cfr Qingdao: $118.65 per tonne, up $0.99 per tonne58% Fe fines high-grade premium, cfr Qingdao: $109.74 per tonne, up $0.27 per tonne65% Fe Brazil-origin...Read More