(IDEX Online) - Rocksbox, the pioneering jewelry rental company, has been acquired by Signet, the world's largest retailer of diamond jewelry.Signet says the move should help it reach new customers - primarily young women - following the success of its three-year Path to Brilliance recovery program. Rocksbox, founded  by Meaghan Rose in 2012, provides subscribers with three rented p...Read More

Prices for lead scrap material within the domestic US market slid slightly this week because of a good supply of scrap combined with lead smelters and auto-battery manufacturers operating at near-maximum capacity, according to sources."[Lead] scrap is still in good supply, and we are able to buy what we need," one consumer said. "Lead demand is still strong, and we expect that to remain the case o...Read More

The London Metal Exchange three-month lead price closed at its highest in a month on Wednesday April 7, while the rest of the base metals complex consolidated following a bullish pricing session on Tuesday. Lead's futures price, often the laggard on the LME, was the standout performer on Wednesday with a 1.3% rise to $1,993.50 per tonne at the 5pm close. This is its highest closing price since Mar...Read More

The spot zinc premium in Southeast Asia is up on growing buying appetite and freight cost hikes this week, while physical markets in China and Europe remained inactive, sources told Fastmarkets on April 6.Zinc premiums in Southeast Asia up on demand uptickIn Southeast Asian warehouses this week, zinc premiums continued to rise on a general increase in market demand for zinc ingots, sources said.On...Read More

Geneva-based trading house IXM has restructured its trading teams to align with its metals verticals. The realignment brings refined metals and concentrate groups under one manager per group for the first time at IXM, which is regarded as the third biggest trader in metals behind rivals...Read More

Fastmarkets tin premiums were stable around their recent multi-year highs on the fortnight to Tuesday April 6, with no spot trade reported in the US and Europe given the lack of material available to would-be sellers. Peruvian mines increased their tin production in February, totaling 1,949 tonnes and up by 8.82% from 1,791 tonnes in the same month last year. The three-month tin price on the...Read More

Aluminium producer Hydro is exploring the potential for developing and operating hydrogen facilities to meet internal demand and serve the external market, it said on Wednesday April 7.The move is part of Hydro's strategy to 2025 to strengthen its position in low-carbon aluminium and explore new opportunities in recycling and new energy."We have large internal demand for gas used for heating in ou...Read More

A shortage of truck drivers and flat-bed trucks is delaying steel shipments at critical points in the supply chain and further driving up shipping costs and lead times, Fastmarkets has learned.In March, there were 84 loads that need to be shipped for every available truck, up from 22 loads for every truck in March 2020, according to DAT Freight & Analytic."Demand for the entire flat-bed...Read More

European steel H-beam prices moved up on Wednesday April 7, following good demand and high feedstock prices, sources told Fastmarkets.Producers have been trying to achieve price increases of ?,?30 per tonne for several weeks, with one European producer now renewing efforts to push through the increase, citing strong order books and historically high raw materials costs. Fastmarkets' weekly price a...Read More

Lift-off for Highfield ResourcesSPONSOREDhighfield resourcesKodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperCapella to bring new life to Norway's historic copper sectorSPONSOREDcapella minerals ltdHot Chili rises to the topSPONSOREDhot chiliThe hole was designed to extend mineralisation closer to sulphide zones identified in historical drilling and it returned 116m gr...Read More

Lift-off for Highfield ResourcesSPONSOREDhighfield resourcesKodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperCapella to bring new life to Norway's historic copper sectorSPONSOREDcapella minerals ltdHot Chili rises to the topSPONSOREDhot chiliBaimskaya is located within a designated Territory of Accelerated Social and Economic Development (TASED) - one of 19 such region...Read More

Domestic steel cold-rolled coil prices in Europe increased in the week to Wednesday April 7, due to a shortage of materials and strong demand, sources told Fastmarkets.Sources said they have been struggling to book CRC from domestic producers because they had either held back from trading or claimed to be sold out until end of the third or fourth quarter of the year."It is impossible to get CRC fr...Read More

Prices for steel hollow sections in Europe remained flat on Wednesday April 7, with the renewed import quota relieving pressure on the market with mills facing higher feedstock costs, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was unchanged at ?,?920-950 ($1088- 1,124) per tonne on Wednesday.The price of hot-rolled coil,...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationConcurrently, Denham will invest $500,000 in Camino by subscribing for 2.3 million 22c shares on a private placement basis. Upon closing of both transactions, Denham will own about 19.9% of Camino's issued and outstanding shares.Camino believes Maria Cecilia, where about US$28 million of exploration expenditu...Read More

Brazil's automotive output grew by 5.47% year on year in March, despite several plants closing toward the end of the month, national automakers association Anfavea said on Wednesday April 7.The country produced 200,340 vehicles in March, up from 189,958 units in same month in 2020 and up 1.68% from 197,035 units in February 2021, the association said."The figures in March were acceptable despite t...Read More

Lift-off for Highfield ResourcesSPONSOREDhighfield resourcesKodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperCapella to bring new life to Norway's historic copper sectorSPONSOREDcapella minerals ltdHot Chili rises to the topSPONSOREDhot chiliThe PEA outlined average annual production of 112,300 tonnes of copper for 27 years, with 140,000tpy over the first 10 years, fro...Read More

Forest product stocks and related ETFs are moving higher. Global Timber iShares (WOOD) moved above $88.48 to an all-time high extending an intermediate uptrend. Interfor (IFP.TO) moved above Cdn$30.81 to an all-time high extending an intermediate uptrend.Canfor (CFP.TO) moved above $29.00 extending an intermediate uptrend.Pre-opening Comments for Wednesday April 7thU.S. equity index futures were l...Read More

Turkish deep-sea scrap import prices pushed up again after three fresh cargoes were sold from the United States and Baltic Sea regions for May shipment, market participants told Fastmarkets on Wednesday April 7.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 16,000 tonnes of HMS 1&2 (80:20), 8,500 tonnes of shredded, 4,500 tonnes of bonus, 3,500 tonnes of rail and a 2,5...Read More

Iron ore prices pushed up on Wednesday April 7, chasing previous increments in steel prices but depressing seaborne activity, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.63 per tonne, up $2.73 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.16 per tonne, up $3.16 per tonne58% Fe fines high-grade premium, cfr Qingdao: $154.65 per tonne, up $1.40 per to...Read More

The seaborne premium hard coking coal price stayed largely flat in the fob market and decreased in the cfr market on April 7 Wednesday after major buyers in south China became cautious to buy seaborne cargoes amid uncertain limits on import coal quotas, market sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.11 per tonne, up $0.04 per tonnePremium hard coking co...Read More