RAPAPORT... The New York office of the International Gemological Institute (IGI) is aiming to be the first carbon-neutral gemological laboratory by 2022."Our environment is an interdependent system where everyone has a role to play, and I am proud of the institute for stepping up and enacting real change," IGI North America president Avi Levy said Wednesday. "While we are pioneering the practice i...Read More

Production of copper and zinc in Peru fell in April, although output for January-April 2021 is still above 2020 levels, according to the latest data from the country's Ministry of Energy & Mines (Minem).Copper production in Peru was 173,151 tonnes in April, a 5.3% decrease from 182,756 tonnes in March, Minem data shows.Production during January-April 2021 was up 10% from the same period in 2020 to...Read More

RAPAPORT... The trade group that supports India's domestic jewelry industry has asked the government and the central bank for urgent help amid the "major financial stress" resulting from the Covid-19 crisis.Companies in the sector have been forced to close and have lost out on revenue during the country's latest coronavirus wave, the All India Gem and Jewellery Domestic Council (GJC) stressed...Read More

(IDEX Online) - Antwerp-based Baunat has become one of the first diamond jewelry companies to accept payment by cryptocurrency.Customers can now pay for their purchases online using Bitcoin, Ethereum and others.Steven Boelens, the firm's executive director, said: "Baunat has always been an early adopter when it comes to technology and in today's economic climate it's easy to see the...Read More

The world's second-largest copper mine, currently in expansion, will send 40% of its copper concentrate output in Phase 1 to a domestic smelter in the Democratic Republic of Congo (DRC), with negotiations to sell their copper output still underway, sources said.Kamoa Copper, operating out of Kamoa Kakula mine, signed a ten-year agreement with Lualaba copper smelter (LCS), of China Nonferrous Metal...Read More

(IDEX Online) - The IDEX Polished Price Index was up 1.37 per cent in May, an increase almost double that of April (0.73 per cent). The rise was pretty steady day on day, with the Index averaging 124.970 across the month and closing at 125.900.The Index is currently the highest it's been since November 2018. It has been climbing, albeit with some volatility, sinc...Read More

BHP, the majority owner and operator of Minera Escondida in Chile, will have to spend $93 million as part of an environmental plan drawn up to resolve a legal dispute last year, the country's First Environmental Court said on Wednesday June 2.The Chilean State brought a law suit against BHP in April 2020 over environmental damage related to its excessive extraction of water at the Salar de Punta N...Read More

(IDEX Online) - India's diamond exports are set to exceed $20bn this financial year - an increase of 20 per cent.That's according to an analysis of 70 diamantaires rated by CRISIL, the Mumbai-based Crisil ratings agency.In recent months pent-up demand and stimuli buoyed demand for diamonds and jewelry in the US and China, it says, which account for 75 percent of India's polished dia...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were generally weaker on Thursday June 3 morning, although nickel bucked the trend on both exchanges.Brent crude oil continues to rally, reaching $71.71 on Thursday morning.China's Caixin services purchasing manager's index eases to 55.1 in May, from 56.3 in April.Base metalsLME three-month base metals prices were genera...Read More

Zinc and tin were down the most at the 9am open on June 3, while all base metals fell on the London Metal Exchange in reaction to the rising dollar and in anticipation of market-setting news for the future direction of trade.Zinc's three-month price, which was one of three to rise on the LME on Wednesday, but was down 1% to $3,050.50 per tonne on Thursday morning. On Wednesday it had register...Read More

Hot-rolled coil prices in the United States have returned above $81 per hundredweight ($1,620 per short ton), with buyers reporting that some consumers have started to push back against high prices for steel, market participants said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $81.23 per cwt ($1,624.60 per ton) on Thursday June 3, up by 0.74% from $80.63 per cwt t...Read More

(IDEX Online) -  Zimbabwe's state-owned miner this week said it aimed to increase diamond production this year by 30 per cent.  It predicts a total output of 3m carats, up from 2.3m in 2020, as a result of improved mining methods.  The Zimbabwe Consolidated Diamond Company (ZCDC) also hopes a joint exploration venture with Alrosa will further increase its diamond production.&nb...Read More

Steel reinforcing bar prices in the United States increased again on Wednesday June 2, with the most recent hike from domestic producers accepted by the market.Fastmarkets' assessment for steel rebar, fob mill US was $44 per hundredweight ($880 per short ton) on June 2, up 0.57% from $43.75 per cwt the previous week.US marketThe most recent round of mill hikes - led by Commercial Metals Co and fol...Read More

Turkish steel billet prices have gone down this week on falling costs for imported scrap raw material, market participants said on Thursday June 3.The Turkish scrap import prices have been falling over the week amid limited demand from the mills in the country.Fastmarkets calculated the daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, at $495.27 per tonne on Wedne...Read More

Domestic steel rebar prices in Turkey have gone down over the past week amid falling scrap costs, market sources said on Thursday June 3.Turkish scrap import prices have fallen over the week amid limited demand from the mills in the country.Fastmarkets calculated the daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, at $495.27...Read More

The Turkish long steel export market remained quiet over the past week on a lack of demand from Southeast Asia, while falling scrap costs were increasing the pressure on prices, market participants told Fastmarkets on Thursday June 3.The steelmakers in Turkey decreased their export rebar offers but still failed to find demand for their material.The mills were offering rebar for export at $730 and...Read More

Sentiment in the steel wire rod market in the south of Europe remained quite optimistic over the past week, aided by persistent shortages, good demand and expensive raw materials, Fastmarkets heard on Wednesday June 2.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?820-840 ($1,001-1,025) per tonne on June 2, up from ?,?800-810 per...Read More

Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDRemembering the lessons from the last gold bull marketSPONSOREDsrk consultingThe company went public in December 2020 and this will be its first drilling on the project wi...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe unprecedented management, compensation and repair agreement was reached by BHP, the State Defense Council and the Atacameño Peoples Council, as well as the Peine Indigenous Community, whichRead More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationManagement are looking into a new, lower-cost approach to mining Rockcliff's Tower and Rail deposits in Manitoba, plus potential M&A activity to "bring scale".Chairman Donald Christie, who is CEO of circa 27% shareholder Norvista Capital, was appointed interim president and CEO, effectively immediately, t...Read More