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EU steelmakers will exhaust emissions budget 15 years early without new tech, report says

November 02, 2021 / www.metalbulletin.com

European steel companies must scale up their decarbonization technologies within the coming decade or risk exhausting their allocated emissions allowances early, according to a report released on Tuesday September 14.The report, "Steeling for Net Zero," by climate researcher Industry Tracker, found that selected European steel companies have less than 26% of their carbon budget remaining and must...Read More

RESEARCH: US HRC prices to remain well above long-term averages in 2022

November 02, 2021 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US prices for hot-rolled coil moved in line with our forecasts in August, averaging $1,910 per ton, within 1% accuracy of our forecast of $1,925 per ton. The market has achieved much-needed stability in recent weeks, with prices fluctuating in the range of $1,900-1,94...Read More

RESEARCH: Ferro-alloy prices forecast to maintain momentum through Q3 2021

November 02, 2021 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Bulk and noble alloys both moved largely in line with our price forecasts globally over the past month, though several markets surprised to the upside, exceeding our forecast gains. Stronger-than-forecast pricing momentum was primarily triggered by supply shortages in numerous...Read More

Marathon's Valentine development run gets longer

November 01, 2021 / www.mining-journal.com

The additional information relates to Caribou protection and effects monitoring, and effects on human health, among other things, which will require the submission of an amendment to the EIS.Read More

Seabridge confirms Snowfield integration potential...

November 01, 2021 / www.mining-journal.com

The company said incorporating Snowfield could enhance gold reserves, projected annual gold production and payback while also deferring and reducing major capital expenditures associated withRead More

FFI to supply JCB with green hydrogen

November 01, 2021 / www.mining-journal.com

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningFFI, JCB and Ryze signed a memorandum of understanding over the weekend as the world's leaders gather in the Sco...Read More

US stocks reach new record highs

November 02, 2021 / www.mining-journal.com

Look beyond market approach to project valuations: van ZylLeadershipNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe S&P 500 closed up 0.18% to 4,613.67, the Dow Jones added 0.26% to 35,913.84 and the Nasdaq rose 0.63% to 15,595....Read More

Tesla extends lithium supply agreement with Ganfeng...

November 01, 2021 / www.mining-journal.com

Ganfeng did not provide details on price or volumes agreed in the deal, which is effective from January 2022, but said that information would be determined by purchase orders issued by Tesla.Read More

Millennial battle heats up as Lithium Americas enters...

November 01, 2021 / www.mining-journal.com

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningAlthough Millennial entered into a definitive agreement with CATL, its board determined the Lithium Americas a s...Read More

The challenging cost of COP26: Hotter on energy transition

November 02, 2021 / www.metalbulletin.com

Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More

US Polished Imports Rise for Sixth Month in a Row

November 01, 2021 / www.diamonds.net

RAPAPORT... US polished-diamond imports more than doubled to $1.79 billion in August from $821.1 million for the same month of 2020, according to recent data from the US Department of Commerce. Shipments have increased year on year for each of the six months through August amid a recovery from the Covid-19 downturn.US Trade Data for August 2021  Read More

Ukraine raises CIS long steel offers amid unused quota in Europe, Russian market quiet due to lockdown

November 02, 2021 / www.metalbulletin.com

Prices in the Commonwealth of Independent States' export long steel market continued to grow in the week to Monday November 1, mainly due to higher offers from Ukraine because the country still has most of its quota allocation available for the fourth quarter in Europe.Meanwhile, Russian suppliers have almost fulfilled up their rebar quota and their wire rod quota has been completely exhausted.&nb...Read More

Magnesium and a boom that never happened

November 01, 2021 / www.mining-journal.com

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningIn what's shaping as a re-run of the market manipulation of the rare earth industry, China has deliberately, or...Read More

India Diamond Trade Sees Stabilizing Trend

November 01, 2021 / www.diamonds.net

RAPAPORT... India's polished-diamond exports increased 22% year on year to $1.91 billion in September, with growth continuing but at a slower pace than in previous months. Shipments increased 7% by volume, while the average price rose 14%, according to recent data from the country's Gem & Jewellery Export Promotion Council (GJEPC).India Trade Data for September 2021  Read More

Graff Hit by Ransomware Attack

November 01, 2021 / www.diamonds.net

RAPAPORT... Graff has become the victim of a cyberattack, with criminals gaining access to personal data belonging to some of the luxury jeweler's clients.Outsiders leaked 69,000 confidential documents, including files related to celebrities and world leaders, The Mail on Sunday reported. Russian hacking gang Conti is behind the theft and is demanding "millions of pounds" in ransom money, the...Read More

Hong Kong Jeweler Jailed over Fake $320,000 Heist

November 01, 2021 / www.idexonline.com

(IDEX Online) - A struggling jeweler has been jailed for three-and-a-half years in Hong Kong after being found guilty of conspiring to defraud insurers out of $320,000.Leung Yim-kwan, 41, arranged to pay a criminal accomplice to disappear with a suitcase of gems last April, then called police to say there had been a robbery.She told the District Court she fell into debt after the pandemic struck,...Read More

China's Lab Grown Output hit by Coal Shortage

November 01, 2021 / www.idexonline.com

(IDEX Online) - China's production of lab grown diamonds is down by as much as 15 per cent as the country battles a desperate shortage of electricity.A reduction in output by the world's largest lab grown producer could bump up prices in the weeks before Christmas.China is responsible for around 3m carats a year of the 7m carats lab growns produced globally in a year.But the power-hungry...Read More

IDEX Price Report for 1 November: Rounds Down, Fancies Down

November 01, 2021 / www.idexonline.com

October was a busier month, with more price drops than we have seen of late.RoundsRounds over 0.50-ct saw more movement than in past weeks, especially D-H colors. Among goods up to 1.24-ct and over 3.0-ct almost all movements were downwards. Among 1.25-ct -1.49-ct and 2.00-ct-2.99-ct there was an even mix. 1.50-ct-1.99-ct was the only size category where prices rises dominated.HIGHLIGHTED CHA...Read More

LME base metals prices make modest gains by close despite low volumes.

November 02, 2021 / www.metalbulletin.com

The three-month aluminium price gained $3 to $2,719.50 per tonne from $2,716.50 per tonne at Friday's 5pm close. Volumes came off, with around 13,530 lots traded versus last week's average of 28,471 lots."Lackluster buying is still evident because high freight costs and persistent logistics constraints mean that consumers are likely...Read More

Two Rusal shareholders announce joint support for high-carbon business demerger

November 02, 2021 / www.metalbulletin.com

EN+ group IPJSC and SUAL Partners Limited, the two largest shareholders of aluminium producer UC Rusal, announced their joint support for de-mergering Rusal's high-carbon businesses.Rusal announced in May it intended to pursue a demerger of its higher-carbon assets via the creation of two different businesses with separate strategies.The announcement said the demerger is still awaiting further dec...Read More

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