Look beyond market approach to project valuations: van ZylLeadershipPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe index closed up 0.18% to 4,574.79.Meanwhile a bearish outlook weighed on base metals on the London Metal Exchange,...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperPrivately-held Kabanga said on Wednesday the SML - the key piece of the permitting jigsaw - had been approved by the Tanzanian gove...Read More

Consolidating its position in the battery materials supply chain amid fierce competition is the biggest challenge facing Greatpower Nickel & Cobalt Materials Co, company president Dongqiang Cao told Fastmarkets in an interview.Previously, attracting investment and improving the ability to provide finance had proved to be a bottleneck in the early stages of Greatpower's development, when it expande...Read More

RAPAPORT... Lucapa Diamond Company's revenue rose in the third quarter amid strong demand and an increase in sales volume.Sales from the miner's Lulo deposit in Angola and Mothae in Lesotho soared 86% to $8.6 million for the three months ending September 30, it said last week. Sales volume jumped 57% to 15,690 carats, outweighing a 14% drop in the average price to $995 per carat. "The market for d...Read More

RAPAPORT... Millennials and Generation Z will lead growth in precious-jewelry sales in the coming year amid rising consumer sentiment and an increasing attachment to emotional gifts, according to Platinum Guild International (PGI)."Younger consumers...will be the driving force in the precious-jewelry market," PGI revealed in survey results last week. "Not only because they are the core consumers f...Read More

RAPAPORT... Jewelers of America (JA) has revealed the nominees for its 20th annual GEM Awards.JA will hand out the awards - which honor individuals and brands whose work raises the visibility and status of fine jewelry and watches - in three categories, it said Tuesday. Winners in Jewelry Design, Media Excellence and Retail Excellence will be announced during a ceremony on January 14 in New York.T...Read More

(IDEX Online) - A US jeweler is to sell diamonds that have been sent into space.Dianna Rae Jewelry has arranged with NASA for a first-ever batch of mined and lab grown gems to be included in a mission to the International Space Station early next summer.Buyers can reserve their stones before the flight, and will receive them in pieces of jewlery or loose on their return.The diamonds will be number...Read More

Labor shortages across the global scrap industry pose the biggest threat to growth, according to a panel discussion at the Bureau of International Recycling (BIR) conference in Brussels on Tuesday October 26."We are having tremendous difficulties in hiring employees as we grow," George Adams, president of SA Recycling said as part of the discussion."There is going to be a massive shortage of scrap...Read More

(IDEX Online) - The current shortage of rough diamonds could persist for several years, Alrosa's deputy CEO warned this week."Our industry will work with limited supply," Evgeny Agureev (pictured) told the Financial Times in an interview. "There are projects, but these projects will not provide goods next year or the year after."Alrosa, the world's biggest producer of diamonds by vo...Read More

Stainless steel scrap prices in the United States were mostly at a standstill, with the London Metal Exchange's nickel cash average for October broadly sideways from September, even though the daily official price continues to hover above $9 per lb."LME nickel has recovered nicely, but it seems to have leveled off for now, which has prevented prices from moving significantly higher," one dealer sa...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 27.Please click...Read More

Base metals prices on the London Metal Exchange were down across the board at the 5pm close of trading on Wednesday October 27, following a further drop in coal prices and widespread selling."Today's news that [China's] National Development & Reform Commission has set the price of thermal and coking coal at levels [that will reduce] key input prices for energy-intensive metals - pertinent to alumi...Read More

A summary of production results and earnings figures for Southern Copper Corp (SCC) in the third quarter of 2021, as stated in the company's latest quarterly report released on Tuesday October 26.In brief Lower copper grades and recovery rates at open-pit mines offset a significant 10% output increase reported at SCC's Cuajone mine in the Peruvian Andes region, resulting in an overall slight produ...Read More

Aluminium producer Rusal's sales dipped by nearly 12% quarter-on-quarter to 915,000 tonnes in July-September 2021, according to its latest statement of operating results."Aluminium sales dynamics can largely be explained by an increase of goods in transit that are recognized as inventory, which was caused - among other factors - by transport capacity restrictions in supply chains globally," the co...Read More

Prices for aluminium P1020A cargoes offered into China have come down from multi-year highs because of a marked decline in demand, an uncertain near-term outlook and the closure of the London-Shanghai arbitrage window, Fastmarkets heard on Wednesday October 27.Fastmarkets' latest monthly assessment of the aluminium P1020A premium, cif Shanghai, was $130-140 per tonne on Tuesday, down from a six-ye...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperThe MMP is a public-private partnership, set up in 2018 by the Department of Science and Innovation and the Minerals Council of Sou...Read More

Domestic steel reinforcing bar prices in the United States were sideways on Wednesday October 27, but import tags went up for the first time in nearly two months.Fastmarkets' assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on October 27, unchanged since August 11 at its highest level since late 2008. This marks the 11th week of that the a...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperPrime minister Scott Morrison and federal minister for industry, energy and emissions reduction Angus Taylor yesterday released a "...Read More

Hot-rolled coil prices in the United States rebounded for a second consecutive day after hitting their lowest price since early August on Monday October 25, but participants were still divided on the market direction.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $95.87 per hundredweight ($1,917.40 per ton) on Wednesday October 27, up by 0.46% from $95.43 per cwt on...Read More

The United States' imports of finished steel products increased moderately month on month but ballooned year on year in September, with most tracked commodities showing gains.A total of 2.94 million tonnes of steel imports arrived in September, up by 16.70% from the final tally of 2.52 million tonnes in August and up by 156.45% from 1.15 million tonnes in September 2020, according to prelimin...Read More