The London Metal Exchange nickel price posted the biggest monthly loss in March, with a fall of 14% as of Wednesday March 31, while tin was up by 8% since the start of the month and 20.6% in the year to date amid increased demand and tightening global supply. "March has been characterized by diminishing risk appetite across stock, financial and commodity markets," LME Desk analyst at Marex Spectro...Read More

Iron ore prices continued their downtrend on Wednesday March 31, with trading sentiment still depressed amid low liquidity at ports, sources said.Market chatter about potential plans to cut steel industry emissions and downgrade more mills in Tangshan also drew market attention, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $165.15 per tonne, down $1.43 per tonn...Read More

More than 60,000 tonnes of aluminium was rewarranted at London Metal Exchange warehouses in Port Klang, Malaysia, on Wednesday March 31, but prices remained broadly unchanged from Tuesday's closing readings.The rewarranting of about 62,600 tonnes of aluminium follows on from 513,000 tonnes of metal being canceled over the past two weeks, after the delivery of more than 650,000 tonnes on March 11-1...Read More

March 30, 2021Toronto, Ontario (March 30, 2021) - Mega Uranium Ltd. (TSX: MGA) announces the results of its annual shareholder meeting held earlier today. Each of the nominees listed below was elected as a director by a show of hands of the majority of shareholders. The results of the shares voted in person or by proxy in respect of the election of each director are:NomineeShares Voted ForShar...Read More

RAPAPORT... Security guards at a Petra Diamonds mine in Tanzania swapped rubber projectiles with metal in their weapons, resulting in increased injury and death to local residents, according to new allegations by a nonprofit organization.The information contradicts Petra's claims that guards at the Williamson deposit were authorized to use only rubber bullets, UK-based Rights and Accountabili...Read More

RAPAPORT... The Federation of the Swiss Watch Industry has become a member of the World Jewellery Confederation (CIBJO), the organizations announced this week. The move highlights the converging interests of the watch, jewelry and gemstone industries, and emphasizes the need to work together to protect consumer confidence, said CIBJO president Gaetano Cavalieri.The federation represents appro...Read More

The London Metal Exchange nickel price posted the biggest monthly loss in March, with a fall of 14% as of Wednesday March 31, while tin was up by 8% since the start of the month and 20.6% in the year to date amid increased demand and tightening global supply. "March has been characterized by diminishing risk appetite across stock, financial and commodity markets," LME Desk analyst at Marex Spectro...Read More

(IDEX Online) - Diamond Foundry says it will no longer describe its lab-gown diamonds simply as "real" on social media, without providing a fuller explanation for consumers. The US-based company, which boasts actor Leonardo di Caprio among its high-profile investors, has agreed to comply with new recommendations made by the National Advertising Division (NAD) watchdog.Brand messages for the c...Read More

(IDEX Online) - Alrosa is delaying its April trading session by a week to avoid excess stock accumulation.The Russian state-owned miner sold $372m of rough and polished in February, a modest seven per cent increase on last year.By contrast De Beers, its biggest rival, saw comparative sales rise more than 50 per cent.Earlier this month Alrosa announced a second extension to its existing three-year...Read More

(IDEX Online) - The largest purple-pink diamond ever to go under the hammer could fetch as much as $38m.The "fancy vivid purple-pink internally flawless" 15.81-carat type IIa IF diamond (pictured) is the highlight of a Christie's Hong Kong live auction in May. It has a strong pink hue with a secondary color of purple and has been named the Sakura Diamond  because it perfectly matche...Read More

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila...Read More

Imports of common alloy aluminium sheet originating from Bahrain, Brazil, Croatia, Egypt, Germany, India, Indonesia, Italy, Oman, Romania, Serbia, Slovenia, South Africa, Spain, Taiwan and Turkey have harmed the United States' industry, the US International Trade Commission said.As a result of the ITC's unanimous determination on Wednesday March 31, the Commerce Department will now publish anti-du...Read More

Outokumpu will visit miner Vale's On??a Puma operation in the Brazilian Amazon rainforest as part of an ethics 'audit' of its supply chain, the Finland-based steelmaking company said in a press statement on March 25.Vale, the world's largest nickel miner, supplies ferronickel to Outokumpu, one of the top stainless steelmakers in Europe and the Americas.Outokumpu has 9,000 suppliers and, "if there...Read More

Aluminium cast and flat rolled products company Austria Metall AG (AMAG) has announced that it will collaborate with carmaker Audi Hungaria to 'close the loop' on aluminium recycling.The companies have signed a contract that will see production waste generated at the Audi plant in Gy??r delivered to AMAG in Ranshofen in the form of sorted aluminium sheet scrap, AMAG said on Wednesday March 31.It w...Read More

Brazilian miner Vale has concluded the sale of its stake in Vale New Caledonia (VNC), which operates the Goro nickel mine and a processing plant, to the Prony Resources New Caledonia consortium, the company said on Wednesday March 31. The deal includes a $1.1-billion financial package, of which Vale will contribute $555 million, according to a filing with the Brazilian securities and exchange comm...Read More

Blister copper refining charges (RCs) in China rose in March to their highest level since January 2019, with spot buying interest in the country decreasing.Fastmarkets' assessment of the copper blister 98-99% RC, spot, cif China, was $170-185 per tonne on Tuesday March 31, compared with $160-170 per tonne at the start of the month.A deal was reported by a...Read More

Domestic prices for hot-rolled coil in Northern Europe were stable day on day on Wednesday March 31, but they were expected to rise in the first half of April, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?836.00 ($981.27) per tonne on Wednesday, unchanged day on day.The index was, however, up by ?,?16.00 per tonne...Read More

Micon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalHot Chili rises to the topSPONSOREDhot chiliMarimaca timing its run to meet resurgent demand for copperSPONSOREDmarimaca copperFilo del Sol copper-gold-silver advanced explorationSPONSOREDfilo miningThe success of the current campaign, including a highlight of 942m grading 0.42% copper, 0.32 gram...Read More

Prices for steel hollow sections in Europe increased further in the week to Wednesday March 31 following additional increases to feedstock costs, sources told Fastmarkets. Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?920-950 ($1,079-1,115) per tonne on Wednesday, up from ?,?890-920 per tonne one week previous. "Prices went through the r...Read More

Turkey exported 278,172 tonnes of flat steel products in February 2021, 34.37% less than the 423,881 tonnes exported in February 2020, the Turkish Statistical Institute (T?oeIK) said on Wednesday March 31. The lower volumes leaving Turkey in February reflect market uncertainty in October and November last year, when the orders were placed. In October, demand for Turkish hot-rolled coil was mo...Read More