(IDEX Online) - Tiffany & Co have won a $12m legal battle against fake websites claiming to sell their goods.The iconic New York-based jeweler said sites with names like "tiffanyandco.net" and "tiffanyand.cn" imitated its own website and misled consumers. Some redirected traffic from Google to their own site rather the genuine Tiffany website.Twelve defendants were fined $1m each by a federal...Read More

Fastmarkets proposes to discontinue five precious metals price assessments due to the limited liquidity of the markets in question and to focus on its core markets.The prices to be discontinued are as follows:Platinum min 99.9% Europe Free Market $ per troy oz in warehousePalladium min 99.9% Europe Free Market $ per troy oz in warehouseRhodium min 99.9% Europe Free Market $ per troy...Read More

The recent contango seen on aluminium cash-to-future spreads on the London Metal Exchange supported a limited uptrend in Europe during the week to Tuesday July 7, driving the Rotterdam duty-paid market higher, while premiums were unchanged in other parts of the world.Rotterdam uptrend capped by weaker demandMJP premiums steady as focus remains on quarterly negotiationsLimited spot liquidity keeps...Read More

Teck Resources has delayed the start of the Red Dog shipping season after equipment failure on one of its two barges forced the vessel out of service for about a month. The Vancouver, Canada-based company said that shipping from Red Dog will begin in around seven days with one barge operational and that repairs to the other barge will be completed in around four weeks."This will affect the timing...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resources"The aim is to create efficiencies for [producers], especially for multi-metal producers with one framework and level of scrutiny for all," Copper Mark executive director Michle Brulhart toldRead More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe move comes as Northern Dynasty Minerals also said the US Army Corps of Engineers had signalled the Final Environment Impact Statement for Pebble would be published on July 24.Yesterday's announcement prompted a share price jump which took the company's market value above C$1 billion.Artemis all set thanks to unique approachSPON...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe company had reduced its copper sales outlook in April, furloughed staff and cut capex by almost a third as it responded to the COVID-19 pandemic.Its full-year copper sales outlook was reduced at the time from the 3.5 billion pounds estimated in January based on US$2.85/lb, to 3.1Blb at $2.30/lb.Artemis all set thanks to unique...Read More

Alumina exports from Brazil increased in June on an annual basis but at a reduced rate than in the previous months of this year, data from the country's economy ministry on Monday July 6 showed. Brazilian alumina exports totaled 679,914 tonnes in June, a 4.6% year-on-year increase from 650,229 tonnes. When compared with May figures, however, exports fell by 12.8% from 779,694 tonnes. The lower exp...Read More

A regulatory filing has shown that Dongying Fangyuan missed the payment of a bond that reached its maturity eight months ago.The biggest private copper smelter in China said on July 6 that it is still in the process of repaying the principal payment and the interest for its bond named '16 Fangyuan 01', which is numbered 136807, according to its filing to the Shanghai Stock Exchange (SSE). The bond...Read More

First Quantum Minerals is to resume production at its Cobre Panama copper project after Panama's government lifted its Covid-19 suspension of operations at the site. The Panama copper project is expected to reach full capacity by mid-August, the Toronto, Canada-listed company said. A phased increase in personnel is expected to take output to an annualized throughput rate of 85...Read More

Australia-based tin mining company Kasbah Resources has delisted from the Australian Securities Exchange (ASX), according to a company statement issued on Tuesday June 30.The delisting came after 13 years of activity on the exchange, with the company citing a large disparity between project valuation and market capitalization as a determining factor behind the decision."It is the board's view that...Read More

Prices for steel rebar and billet in the United Arab Emirates were stable this week due to only limited demand, sources told Fastmarkets on Tuesday July 7.Domestic rebarUAE local mills were offering rebar at 1,770-1,774 dirhams ($482-483) per tonne ex-works, unchanged since late June.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw UAE, was 1,770-1,773 dir...Read More

With the exception of China’s CSI 300, Asian-Pacific equities and pre-market major western equity futures were weaker this morning, Tuesday July 7, while base metals prices on the London Metal Exchange were mixed, although in general were holding up well. China’s equity markets are experiencing a retail investor rally that is being encouraged by state media - the market is up by almost 1...Read More

Hot-rolled coil import prices in the United Arab Emirates inched upward this week while hot-dipped galvanized coil prices narrowed downward, but demand was moderate, sources told Fastmarkets on Tuesday July 7.Market participants wanted to wait to see whether prices would fall because of the weak demand.UAEOffer prices for hot-rolled coil (HRC) from China were heard in the UAE at $470 per tonne cfr...Read More

Domestic transaction prices for hot-rolled coil in Northern Europe moved up slightly day on day on Tuesday July 7, with steelmakers insisting on further price rises, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?403.13 ($455.49) per tonne on Tuesday, up by ?,?0.81 per tonne day on day from ?,?402.32 per tonne on Ju...Read More

China's domestic hot-rolled coil prices rose on Tuesday July 7 amid moderate trading activity, while the export market remained quiet despite higher bids emerging in Pakistan, sources told Fastmarkets.DomesticEastern China (Shanghai): 3,780-3,790 yuan ($538-539) per tonne, up 30-40 yuan per tonneSellers in Shanghai raised their offers amid rising futures. Sentiment had picked up in response to loc...Read More

China's domestic rebar prices moved up on Tuesday July 7 on gains in the futures and billet markets fueled by concerns over how strict local authorities are in implementing production restrictions in the country's steelmaking hub of Tangshan.Domestic Eastern China (Shanghai): 3,530-3,560 yuan ($503-507) per tonne, up by 10-30 yuan per tonneMarket sources told Fastmarkets that local authorities in...Read More

Crude steel production rates among member mills of the China Iron & Steel Association (Cisa) stopped rising in late June, having risen steadily over the three months, according to data released last weekend.Their daily crude steel output had been increasing since early April.June 21-30 outputCrude steel: 2.14 million tonnes per day, unchangedRead More

Gold Miners ETF (GDX) moved above $37.49 to an 8 year high extending an intermediate uptrend.CheckPoint Software (CHKP), a NASDAQ 100 stock moved above $112.96 extending an intermediate uptrend. Pre-opening Comments for Tuesday July 7thU.S. equity index futures were lower this morning. S&P 500 futures were down 23 points in pre-opening trade.Apple (AAPL $373.85) is expected to open higher...Read More

Prices for ferrous scrap in Mexico went down during the week ended Friday July 3 amid low demand and expectations of softer prices in the United States.Prices for six of the 10 Mexican ferrous scrap grades assessed by Fastmarkets decreased on Tuesday July 7, with prices for the remaining four grades unchanged.Fastmarkets' assessment of the steel scrap No1 busheling, consumer buying price, delivere...Read More