(IDEX Online) - Surat's diamond industry remains at a standstill after another surge in COVID-19 cases.The city's 5,000 factories had been due to re-open yesterday after a two-week closure.But the Surat Diamond Association is urging all diamond units, markets and safe vaults to remain closed until 19 July at the earliest to prevent further infections.Surat Diamond Association president B...Read More

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt...Read More

(IDEX Online)- Three spectacular pieces of diamond jewelry sold for $338,781 at auction to support the families of healthcare workers who lost their lives battling COVID-19.They were specially created by renowned Taiwan-born designer Anna Hu and were sold by Christie's in Hong Kong to help Diamonds That Care, a social responsibility initiative launched by Russian miners Alrosa.Ms Hu also dona...Read More

(IDEX Online) - Rough sales fell by 80 per cent during Q2 at Lucapa's Lulo Mine, in Angola, as the COVID-19 pandemic continued.Price per carat was down by 67 per cent, said the Australia-based miner in its quarterly report. Lucapa has now resumed drilling at five prospective pipes and two other priority alluvial targets at Lulo (pictured) in the Canguige catchment after an enforced shutd...Read More

Aluminium premiums in the United States could almost double if Section 232 tariffs or quotas were imposed on imports of aluminium from Canada, and would have a "financially disastrous" effect on American manufacturers, according to a group of US trade associations.The group includes the Beer Institute, the Coalition of American Metal Manufacturers & Users and the Flexible Packaging Association. It...Read More

Part of the Nchanga copper mine in Zambia collapsed during the morning of Wednesday July 15, as operator Konkola Copper Mines had earlier predicted that it would.The cave-in happened at 8:30am local time, affecting 3 million tonnes of material in an area 370 metres around the epicenter of failure in the open-pit Nchanga mine, KCM said on Wednesday.It had previously forecast that the collapse would...Read More

Trevali has begun the restart of its Santander mine in Peru, two weeks after an outbreak of Covid-19 cases led to a shutdown there, the company said.The mine, which produces zinc and lead concentrates, had initially locked down on June 26 after several workers tested...Read More

A United States House committee has voted to introduce the Aluminum Import Monitoring and Analysis (AIMA) system to track metal entering the country, with the goal of creating an early-warning system for excessive increases in imports. As part of the fiscal year 2021 Commerce, Justice, Science & Related Agencies appropriations bill, the House Committee on Appropriations voted to allocate $800,000...Read More

Domestic prices for hot-rolled coil have moved upward in Northern Europe, supported by a lack of competitive import offers and a slow revival of demand, sources told Fastmarkets on Wednesday July 15.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?405.43 ($461.00) per tonne on Wednesday, up by ?,?2.43 per tonne from ?,?403.00 per tonne on July 14....Read More

Artemis all set thanks to unique approachSPONSOREDartemis resources"The time has come to put an end to SolGold's suspect corporate governance and self-dealing practices," Cornerstone chair Greg Chamandy said in a statement.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesProduction for the quarter amounted to 13,635 tonnes - a record for the company. Atalaya said the increase was driven by higher throughput, with higher recovery compensating a drop off in grade.However, output was 5% below the estimate of Canadian bank BMO.Artemis all set thanks to unique approachSPONSOREDartemis resources"The slig...Read More

Target export billet prices from Iranian mills surged in the week to Wednesday July 15 amid increased domestic tags and thawing demand in China, sources told Fastmarkets."The domestic billet market is booming," a local source told Fastmarkets citing recent sales on the Tehran Metal Exchange [Iran Mercantile Exchange] being done at 82 million rials per tonne or $468 per tonne ex-works, the current...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesPreliminary trade data for June, released on Monday night, showed total goods imports rose by 2.7% year-on-year in June, having been down by 16.7% in May.Read More

The price of steel H-beams in Europe was unchanged week on week on Wednesday July 15, with the market slowing ahead of the traditional summer lull, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?520-550 ($591-625) per tonne on Wednesday, unchanged week on week.Producers have been pushing for price increases of ?,?20 pe...Read More

The price of hollow steel sections in Northern Europe remained unchanged on Wednesday July 15 with the seasonal summer slowdown beginning, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-560 ($614-638) per tonne on Wednesday, unchanged week on week.The market was described as quiet this week, with some market...Read More

Domestic prices for steel mesh-quality wire rod in Europe were steady in the week to July 15, with buying activity starting to slow down due to the traditional summer slowdown, sources told Fastmarkets on Wednesday.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?425-440 ($485-4502) per tonne on July 15, stable week on week.The ass...Read More

Steel rebar prices in Europe have remained fairly stable over the past week with trading activity starting to scale back in some regions for the seasonal summer slowdown, sources told Fastmarkets on Wednesday July 15.In Southern Europe, trading activity was moderate this week, with rebar prices holding firm, sources said.They added that producers this year might take shorter-than-usual summer holi...Read More

Asian-Pacific equities were mixed this morning, Wednesday July 15, with markets in China and Hong Kong lower, while other markets in the region and pre-market major western equity markets were firmer.The base metals traded on the London Metal Exchange and Shanghai Futures Exchange gave a similarly divergent performance; three-month base metals prices on the LME mostly edged higher this morning, wh...Read More

A summary of the financial results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States, for the second quarter of 2020.In brief In the second quarter, sales to export markets grew by 51% quarter on quarter and by 71% year-on-year, to 2 million tonnes. This was supported by increased sales of hot-rolled coil, slab and pig iron, mainly to...Read More

(Adds MP declines to comment on Shenghe) By Ernest Scheyder July 15 (Reuters) - U.S. rare earths miner MP Materials willgo public in a $1.47 billion deal by merging with aprivate-equity backed blank-check company, underscoring WallStreet's rising interest in efforts to boost production of thestrategic minerals. The listing on the New York Stock Exchange would be thefirst for a U.S. rare earths com...Read More