(IDEX Online) - The Murowa mine, in Zimbabwe, reported a 15 per cent drop in its diamond production for 2020 as known deposits begin to run dry.Owners RioZim said it was exploring sites near the three kimberlites pipes currently being worked in the southern central Midlands Province.Rough output in the year ending 31 December 2020 from the RioZim associate RZM Murowa Private Limited was 579,000 ca...Read More

Prices for steel slab from the Commonwealth of Independent States continued to climb in the week to Monday April 12, supported by persistent growth in finished flat steel prices both domestically and in customers' markets.Offer prices for hot-rolled coil (HRC) from producers in Russia and Ukraine have jumped to $895-960 per tonne fob, depending on the coil weight and supplier, up from $885-905 per...Read More

Flat steel suppliers to Russia's Central Federal District around Moscow were targeting higher prices for May deliveries because of the strong export market but faced stiff resistance from buyers, sources told Fastmarkets on Monday April 12. Firm offers were still scarce because producers were taking their time to better estimate the market situation, but some had already started to test buyers wit...Read More

RAPAPORT... Xcel Brands, which owns several apparel labels, has acquired Logo by Lori Goldstein, a lifestyle brand encompassing clothing and jewelry. Goldstein, an American stylist and designer, launched Logo in 2009. The brand has since clocked up retail sales of more than $1.5 billion, Xcel said Monday. The investment will help enhance the brand's product merchandising and design, acco...Read More

Turkish steel mills held off from making deep-sea scrap bookings on the first working day of the week, market participants told Fastmarkets on Monday April 12. The most recent cargo was heard at the end of the last week, when a steel mill in the Iskenderun region booked a Canadian cargo comprising 35,000 tonnes of HMS 1&2 (95:5) and 15,000 tonnes of shredded at an average price of $436 per tonne c...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationShaofu said smelting capacity increased 1.8% in 2020 to 8.Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationObserving that the return on capital employed in the copper sector had fallen to single digits since 2012, Araneda said the challenge the company faced went beyond building capacity to reducing costRead More

Turkish domestic auto bundle scrap prices have increased slightly over the past week, but ship scrap prices were fairly stable, market sources said on Monday April 12.In response to the upturn in imported scrap values over the past week, a number of steel mills have raised their buy prices for domestic auto bundle scrap.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix),...Read More

Seaborne Iron ore prices moved up on Monday April 12 amid steelmakers reporting healthy steel margins, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $174.57 per tonne, up $1.03 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.85 per tonne, up $0.84 per tonne58% Fe fines high-grade premium, cfr Qingdao: $156.34 per tonne, up $1.87 per tonne65% Fe Brazil-origin...Read More

Ready for development copper-gold projectSPONSOREDjosemaria resources incKodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperCapella to bring new life to Norway's historic copper sectorSPONSOREDcapella minerals ltdAre mining companies being held back by their board composition? SPONSOREDswannRight-wing heavyweights Hernado de Soto, Keiko Fujimori and Rafael Lopez Aliaga a...Read More

The premium hard coking coal price increased in the cfr market on Monday April 12 due to necessary replenishment demand from some large-sized Chinese steel mills, while the fob price inched downslightly amid weak buying activity, market sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.86 per tonne, down by $0.85 per tonnePremium hard coking coal, cfr Jingtang: $...Read More

Ready for development copper-gold projectSPONSOREDjosemaria resources incKodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperCapella to bring new life to Norway's historic copper sectorSPONSOREDcapella minerals ltdAre mining companies being held back by their board composition? SPONSOREDswann Lasso, of the CREO party, is a 65-year-old financial entrepreneur and politician...Read More

Prices for seaborne iron ore concentrate and pellet strengthened further in the week ended Friday April 9 due to solid demand for high-grade products amid measures to control emissions in China, sources told Fastmarkets.Fastmarkets iron ore indices65% Fe blast furnace pellet, cfr Qingdao: $228.98 per tonne, up $7.14 per tonne.66% Fe concentrate, cfr Qingdao: $200.06 per tonne, up $2.16 per tonne.K...Read More

Australia's Port of Port Hedland shipped 24.5% more iron ore in March than a month earlier, according to data from the Pilbara Ports Authority (PPA) released on Monday April 12.The port exported 46.7 million tonnes of iron ore last month, compared with 37.5 million tonnes in February.Volumes shipped in March were largely flat with that shipped in the...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationRio has sole-funded more than $25 million of work on the project under a 2015 farm-in agreement with Antipa Minerals and has increased its stake from 51% to 65%.Read More

Luo Tiejun, the vice president of the China Iron & Steel Association (Cisa) said the country will take measures to push down steel production in 2021 and raise imports.Luo, who spoke at the Regional Comprehensive Economic Partnership's (RCEP's) Steel Development Forum on Friday April 9, emphasized five major points, according to a report on Cisa's website.Lower crude steel outputCisa is of the opi...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were weaker this morning, Monday April 12, while markets contend with cross winds.* United States treasury 10-year yields have pulled back from recent highs* Federal Reserve Chairman Jerome Powell said US economy at an “inflection point” with growth and hiring set to accelerate* Markets wary of US earnings seas...Read More

China's hot-rolled coil prices tumbled on Monday April 12 amid a government call for stable commodity prices, but exporters raised their offers after a rise in trading activity last week.DomesticEastern China (Shanghai): 5,350-5,390 yuan ($817-823) per tonne, down 100-110 yuan per tonneSellers in the spot market had to lower their offers after sentiment was dampened by slumping futures.Several dom...Read More

India ETF (PIN) moved below $23.36 and $23.84 setting an intermediate downtrend.Vietnam ETF (VNM) moved above $18.75 extending an intermediate uptrend.US Bancorp (USB), an S&P 100 stock moved above $57.61 to an all-time high extending an intermediate uptrend.Bausch Health (BHC), a TSX 60 stock moved below Cdn$37.83 completing a Head & Shoulders pattern.TCOM (TCOM), a NASDAQ 100 stock moved...Read More

Key data from the pricing session in London on Friday April 9. Key drivers Buyers have started to resist numbers above $3,100 per tonne while shipment offers from China kept falling and end-user demand has started to slow.Still, tight prompt availability in Europe and continuing shipping delays from China are supporting prices above...Read More