The second deal for first-quarter aluminium ingot supply to main Japanese ports (MJP) was concluded at a premium of $130 per tonne cif MJP, market sources told Fastmarkets on Monday December 7.The is the first producer sale for first-quarter supply and is for a minimum of 3,000 tonnes of aluminium ingot in total for January-March delivery. The premium is paid on top of the London Metal Exchange ca...Read More

RAPAPORT... Lucapa Diamond Company has unearthed a 127-carat rough from the newly mined floodplain area of its Lulo deposit in Angola.The company found the gem-quality diamond in mining block 24 of the leziria floodplains, an area it began mining in the fourth quarter of the year, Lucapa CEO Stephen Wetherall told Rapaport News Monday. The miner started operations at the adjoining mining block 06...Read More

Hot-rolled coil prices in the United States continue to escalate sharply in the absence of headwinds, according to market participants.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $43.89 per hundredweight ($877.80 per ton) on Monday December 7, up 3.2% from $42.53 per cwt on Friday December 4 and an increase of 10.2% from $39.83 per cwt one week earlier. Inputs wer...Read More

RAPAPORT... Diamond Foundry, one of the largest synthetics producers, has opened an international sales and distribution office in Dubai, citing the city's beneficial location and connections with diamond centers.The Silicon Valley-based company's new outpost will be within the Dubai Multi Commodities Centre (DMCC), a state-funded trading hub encompassing diamonds and other sectors. The openi...Read More

Prices for carbon steel plate in the United States strengthened for the third consecutive week after purchase-order volumes for January 2021 shipments at the mills proved to be sufficient to sustain recent price increases.Fastmarkets' weekly price assessment for steel cut-to-length plate carbon grade, fob mill US climbed to $35 per hundredweight ($700 per short ton) on Friday December 4, up from $...Read More

(IDEX Online) - Ten women designers have each created a limited edition of 10 affordable engagement rings, all using ethically and sustainably sourced diamonds from Botswana. They were challenged to re-design the iconic symbol of love for the Ten/Ten project, all using diamonds under a carat from De Beers.  The 100 rings will be sold exclusively on Blue Nile from January.New York-based M...Read More

Brazilian vehicle output totaled 238,200 units in November 2020, a 4.7% year-on-year increase from 227,455 units, with exports recovering because of growth in Argentina, Mexico, Colombia and Chile, national car manufacturers' association Anfavea said on Monday December 7.Production hit its highest level since October last year, and figures were the best for November since 2018, Anfavea president L...Read More

(IDEX Online) - Bahrain's stock exchange has signed a trade agreement with the Israel Diamond Exchange (IDE) following September's historic normalization of relations between the two countries.   Officials from the Bahrain Bourse visited IDE, in Ramat Gan, to sign a memorandum of understanding (MOU) aimed at creating commercial opportunities, especially in commodity-based assets. &n...Read More

(IDEX Online) - A bracelet featuring a 43.10-carat royal blue Kashmir sapphire and a total of 67.90 carats of diamonds goes under the hammer at Christie's tomorrow with a high estimate of $7m.It's the lead item in the Magnificent Jewels sale in New York.The cushion-cut sapphire (pictured) has no indications of heating, according to the SSEF grading lab, and is aged at 21 million years.It...Read More

Rebar producers in Egypt increased their prices by E ?300-500 ($19-32) per tonne, effective from December 6 and 7, sources told Fastmarkets.Producers in the country are offering rebar at E ?11,450-11,600 ($729-739) per tonne ex-works including 14% VAT, up 3.6% from the previous range of E ?10,950-11,300 per tonne ex-works including VAT. ...Read More

Fastmarkets' iron ore indices for 62% Fe low-alumina fines, cfr Qingdao and 65% Fe Brazil-origin fines, cfr Qingdao both reached record highs on Monday December 7, sources said.Iron ore prices gained ground despite the sintering restrictions on active ports trading and steel prices, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $146.93 per tonne, up $1.92 per to...Read More

China's hot-rolled coil prices jumped on Monday December 7 amid futures gains, with the ferrous market overall posting increases after iron ore reached a record high on Friday.DomesticEastern China (Shanghai): 4,340-4,360 yuan ($665-668) per tonne, up 60-70 yuan per tonneA Shanghai-based trader said sellers in the spot market increased their offers after seeing gains in the futures market, "e...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Over the weekend, the office of Philippines president Rodrigo Duterte reportedly instructed the nation's Department of Environment and Natural Resources to work with the miner and the Department ofRead More

CME Group's busheling futures contracts traded 619 lots (12,380 gross tons) on Friday December 4.The front-month December contract shed $1 compared with the previous day to close at $376 per ton after opening at $385 per ton, according to a daily report from the exchange. Forty-six lots traded in a range of $376-391 per ton.Fifty-two lots settled against the January contract,...Read More

Turkish domestic scrap prices have continued to increase over the past week on improving imported scrap values, sources said on Monday December 7.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 2,610-2,915 lira ($335-374) per tonne on Monday, up from the 2,600-2,645 lira per tonne of last week.Steel mills in the Izmir and Istanbul regions as...Read More

Brazilian exports of ferrous scrap plummeted in November 2020 with the country's industry focused on the domestic market, although Bangladesh remained the principal destination for the shipments that were made, data from the country's economy ministry showed on Friday December 4.Brazil shipped 30,162 tonnes of scrap last month, down by 59.1% in comparison with 73,779 tonnes in November 2019 and at...Read More

With Chinese exports up 21.1% in November year on year, the global economy is looking stronger again, but with the metals mixed on Monday December 7 - having been exceptionally strong recently - perhaps the market realizes a lot of the good news is baked-in already.* Chinese trade balance climbed to $75.4 billion in November, up from $58.4 billion in October* Japan’s leading indicators climbe...Read More

Seaborne premium hard coking coal prices edged up on Monday December 7, with active trading in the fob market late last week.Fastmarkets indicesPremium hard coking coal, fob DBCT: $103.07 per tonne, up $0.45 per tonnePremium hard coking coal, cfr Jingtang: $169.52 per tonne, up $0.74 per tonneHard coking coal, fob DBCT: $92.68 per tonne, down $0.29 per tonneHard coking coal, cfr Jin...Read More

China's iron ore imports in November decreased by 8% from October, data from the General Administration of Customs of China shows.China's November iron ore imports reached 98.15 million tonnes, down by 8% month on month from October but still up by 8.3% year on year. Over January-November of this year, China's imports of iron ore totalled 967.45 million tonnes, up by 10.9% year...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade.QUALCOMM added $0.78 to $158.40 after JP Morgan raised its target price from $160 to $158.40.Hershey gained $1.84 to $152.71 after JP Morgan increased its target price from $142 to $160.Boeing (BA $232.71) is expected to open higher after UBS upgraded the stock from Neutral to Buy.McDona...Read More