RAPAPORT... Two pieces of green glass imitating valuable tourmalines have turned up at the Gemological Institute of America (GIA) after manufacturers apparently used innovative techniques to make the shards look like real gemstones.The bluish-green prisms weighing 1.91 and 1.92 carats resembled either Paraiba tourmaline with copper inclusions or emeralds with pyrite inclusions, the GIA said i...Read More
Tata Steel has introduced carbon surcharges on steel products manufactured in Europe to balance the rising cost of such emissions, the company's spokesman told Fastmarkets on Monday April 12."We are now creating a greater awareness of the cost of carbon by introducing a CO2 surcharge on our products," the spokesman said."Increasing shortages and rising prices for emissions rights mean that there i...Read More
(IDEX Online) - The United States has blacklisted Myanmar's state-owned gem company following the removal of state counsellor Aung San Suu Kyi as leader in a military coup in February.Myanma Gems Enterprise, part of the country's ministry of mines, is said to be responsible for all sales of the country's ruby, jade and other gems.The US Treasury Department has banned it from a...Read More
(IDEX Online) - Pandora reported an increase in its Q1 revenue, even though it's having to close more retail outlets because of the Covid pandemic.The Danish jeweler, best known for its charm bracelets, said sales for the quarter were up 13 per cent on organic basis to $719m.That's in spite of the fact that 35 per cent of its 7,000 points of sale globally were closed for business as of t...Read More
(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