Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More
RAPAPORT... US polished-diamond imports more than doubled to $1.79 billion in August from $821.1 million for the same month of 2020, according to recent data from the US Department of Commerce. Shipments have increased year on year for each of the six months through August amid a recovery from the Covid-19 downturn.US Trade Data for August 2021 Read More
Prices in the Commonwealth of Independent States' export long steel market continued to grow in the week to Monday November 1, mainly due to higher offers from Ukraine because the country still has most of its quota allocation available for the fourth quarter in Europe.Meanwhile, Russian suppliers have almost fulfilled up their rebar quota and their wire rod quota has been completely exhausted.&nb...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningIn what's shaping as a re-run of the market manipulation of the rare earth industry, China has deliberately, or...Read More
RAPAPORT... India's polished-diamond exports increased 22% year on year to $1.91 billion in September, with growth continuing but at a slower pace than in previous months. Shipments increased 7% by volume, while the average price rose 14%, according to recent data from the country's Gem & Jewellery Export Promotion Council (GJEPC).India Trade Data for September 2021 Read More
RAPAPORT... Graff has become the victim of a cyberattack, with criminals gaining access to personal data belonging to some of the luxury jeweler's clients.Outsiders leaked 69,000 confidential documents, including files related to celebrities and world leaders, The Mail on Sunday reported. Russian hacking gang Conti is behind the theft and is demanding "millions of pounds" in ransom money, the...Read More
(IDEX Online) - A struggling jeweler has been jailed for three-and-a-half years in Hong Kong after being found guilty of conspiring to defraud insurers out of $320,000.Leung Yim-kwan, 41, arranged to pay a criminal accomplice to disappear with a suitcase of gems last April, then called police to say there had been a robbery.She told the District Court she fell into debt after the pandemic struck,...Read More
(IDEX Online) - China's production of lab grown diamonds is down by as much as 15 per cent as the country battles a desperate shortage of electricity.A reduction in output by the world's largest lab grown producer could bump up prices in the weeks before Christmas.China is responsible for around 3m carats a year of the 7m carats lab growns produced globally in a year.But the power-hungry...Read More
October was a busier month, with more price drops than we have seen of late.RoundsRounds over 0.50-ct saw more movement than in past weeks, especially D-H colors. Among goods up to 1.24-ct and over 3.0-ct almost all movements were downwards. Among 1.25-ct -1.49-ct and 2.00-ct-2.99-ct there was an even mix. 1.50-ct-1.99-ct was the only size category where prices rises dominated.HIGHLIGHTED CHA...Read More
The three-month aluminium price gained $3 to $2,719.50 per tonne from $2,716.50 per tonne at Friday's 5pm close. Volumes came off, with around 13,530 lots traded versus last week's average of 28,471 lots."Lackluster buying is still evident because high freight costs and persistent logistics constraints mean that consumers are likely...Read More
EN+ group IPJSC and SUAL Partners Limited, the two largest shareholders of aluminium producer UC Rusal, announced their joint support for de-mergering Rusal's high-carbon businesses.Rusal announced in May it intended to pursue a demerger of its higher-carbon assets via the creation of two different businesses with separate strategies.The announcement said the demerger is still awaiting further dec...Read More
The carbon footprint of finished nickel produced at Vale's Long Harbour processing plant, in the Canadian eastern Newfoundland and Labrador province, has been certified to be significantly below the global average, the Brazilian company said on Monday November 1.This grants Vale an advantage in supplying North American and European markets with low-carbon nickel for the next generation of electric...Read More
Shanghai bonded copper and zinc stocks modestly declined in October due to unfavorable market conditions for imports, while aluminium stocks were flat and nickel stocks registered the biggest gain. Decline of copper stocks slows in October Shanghai bonded copper stocks continued to fall in October - by 13.5% on a monthly basis. Stocks fell by 26.7% in September. Fastmarkets assessed Shanghai bon...Read More
Base metals prices on the London Metal Exchange were little changed on the morning of Monday November 1 compared with their month-end figures from last Friday, with Chinese data pointing to a slowdown in its economy and a strong US Dollar index capping price moves. The official purchasing managers' index (PMI) readings from China over the weekend showed the manufacturing PMI fell to 49.2 in Octobe...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe Apumayo mining company in Ayacucho saw its installations put to the torch after being invaded by community m...Read More
Hot-rolled coil prices were little changed in Europe on Monday November 1 reflecting a lack of trading activity, but market sources are optimistic about the market's prospects, they told Fastmarkets.Trading activity in the spot HRC market remained slow, mainly because European mills were busy negotiating long-term contracts with end users for next year.Producers are hopeful of substantial increase...Read More
Some coated-steel coil producers in Turkey decreased their prices but demand was weak during the week ending Monday November 1, sources told Fastmarkets.Demand for coated coil was moderate to weak in the country because buyers wanted to see what direction prices would take, sources said.Domestic pricesFastmarkets' weekly price assessment for steel HDG coil domestic, exw Turkey was $1,280-1,35...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe Minerals Council South Africa said it supported the Department of Mineral Resources and Energy, organised la...Read More
The Commonwealth of Independent States' export prices for hot-rolled coil increased during the week ended Monday November 1, but market activity was weak, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $870-880 per tonne on November 1, rising from $850-870 per tonne on October 25.Offers from Ukraine to Turkey were at $900-910...Read More
Most flat steel prices continued to increase in Turkey during the week ending Monday November 1, but future price moves remain uncertain because of decreasing prices in China and weak demand in the Turkish local market, sources told Fastmarkets.Hot-rolled coil prices in China have been decreasing, which may affect global prices.Local demand for flat steel was also weak because most buyers placed t...Read More