Domestic steel reinforcing bar prices in Russia's Central Federal District around Moscow corrected downward by $14-27 per tonne on increased supply from mills in the region during the seven days to Monday November 15."Demand remains high. We don't exclude that the government will have to take some action again to cool down rebar prices, like they did in summer," one large trader source told Fastma...Read More
Supply-side disruptions will likely continue well into 2022 with production cuts in China and capacity in other regions insufficient to meet demand amid persistent logistics constraints, panelists said on Sunday November 14 during Fastmarkets' International Ferro-alloys Conference.In a poll during the session titled "Macrotrends for the Ferro-alloys Industry" attendees also supported this forecast...Read More
Here are five Fastmarkets stories you might have missed on Monday November 15 that are worth another look.Ferro-alloy supply-side disruptions will likely continue well into 2022 with production cuts in China and capacity in other regions insufficient to meet demand amid persistent logistics constraints, panelists said on Sunday November 14 during...Read More
Base metals prices closed lower on the London Metal Exchange on Monday November 15, extending a downward consolidation amid an uncertain macroeconomic picture and a strong United States dollar index.Nickel's three-month price registered the largest fall on Monday, with a drop of $19 per tonne from $19,979 per tonne at the close on Friday. The metal traded as high as $20,030 per tonne - its highest...Read More
Seaborne iron ore prices slipped slightly on Monday November 15 amid continuous weak demand from Chinese steel mills, which have begun formal production curbs for the winter heating season as of today, market sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $89.05 per tonne, down by $0.64 per tonne62% Fe low-alumina fines, cfr Qingdao: $90.26 per tonne, down by $1.13 per tonne5...Read More
Spot prices for hot-rolled coil in China declined on Monday November 15, with market sentiment subdued by the release of bleak property data.Fastmarkets assessed the price of steel hot-rolled coil domestic, ex-whs Eastern China at 4,700-4,750 yuan ($737-744) per tonne on Monday, down by 60 yuan per tonne from Friday.The most-traded HRC contract on the Shanghai Futures Exchange extended losses...Read More
Collective said drilling confirmed the existence of a porphyry system in the Donut target area, the first of five outcropping and grassroot targets to be drill tested at Guayabales.Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe Italy-focused company trebled resources in July to 7.79 million tonnes grading 6.8% zinc, 1.8% lead and 32...Read More
Look beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningSlumping coal prices and falling Chinese developers dampened sentiment, Marex's Anna Stablum said from the LME Desk (Sin...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe company, which commenced the quarter with A$3 million in the bank, has secured firm commitments for a $7 m...Read More
Rambler said copper production amounted to 521 tonnes in October, up from 328t in September and more than double the figure of 197t reported for June.Rambler closed a US$22 million debt financing package at the end of October. CEO Toby Bradbury said Monday's operational update "shows that, even before closing the financing, we have been steadily improving our operations"."The mine produced these i...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe company's Canadian chairman, Ken MacKenzie, and its Canadian chief executive, Mike Henry, have been so bus...Read More
RAPAPORT... The Kimberley Process (KP) has elected Zimbabwe as the organization's future leader - and the Civil Society Coalition has said it's OK with that.The country, which has faced criticism for alleged human-rights abuses at mines, will take over as vice chair next year, the KP announced in a communiqu?(C) following last week's annual plenary. In accordance with the way the KP works, th...Read More
RAPAPORT... A bevy of rare colored diamonds will be the stars of the upcoming Christie's sale in New York, with a 5.38-carat, fancy-vivid-orangey-pink stone among the top items.The cut-cornered rectangular mixed-cut, VS2-clarity diamond is estimated to bring in up to $3.2 million at the December 8 Magnificent Jewels sale, Christie's said last week. It will be joined by a necklace featuring a cut-c...Read More
RAPAPORT... Sarine Technologies' sales grew in the third quarter as the equipment maker benefited from a recovery in diamond manufacturing.Revenue jumped 63% year on year to $12.1 million, while net profit came to $1.9 million compared with a loss of $400,000 for the same period of 2020, the company reported Monday.Still, sales were lower than in each of the first two quarters of 2021, reflec...Read More
China's widespread power availability issues, which have been crippling industrial operators for months, highlight what could be a fundamental shift in the ferro-chrome smelting capacity coming out of the country, sources have said.China's ferro-chrome production has been stalled by electricity restrictions because power providers have had to cut back output in response to the soaring price of coa...Read More
Base metals prices closed lower on the London Metal Exchange on Monday November 15, extending a downward consolidation amid an uncertain macroeconomic picture and a strong United States dollar index.Nickel's three-month price registered the largest fall on Monday, with a drop of $19 per tonne from $19,979 per tonne at the close on Friday. The metal traded as high as $20,030 per tonne - its highest...Read More
(IDEX Online) - Portuguese soldiers serving with UN peace-keeping forces in Central African Republic (CAR) are alleged to have used military planes to smuggle diamonds, gold and drugs to Europe.Over 300 police were involved in the execution of 100 arrest warrants last week in a series of raids at addresses across Portugal.As many as 90,000 people are involved in small-scale diamond production in C...Read More
(IDEX Online) - More than 900,000 carats of rough Australian sapphires are to be sold at what is being billed as the first auction of its kind.The event is being organized in Bangkok, Thailand, by Fura Gems, which says it will produce 5.5m carats of Australian sapphires this year, and almost double - 10m - in 2022.It describes the sale as "the first-ever, organized, global auction of Australian sa...Read More
The United States Defense Logistics Agency (DLA) plans to make its second tin offer of fiscal 2022 in a bid opening at 9:30am Eastern time on Tuesday November 16 and closing at noon on November 17.Fastmarkets understands that the volume of tin to be offered will be close to the 60 tonnes the DLA offered on October 12, but in a change in procedure the agency will no longer disclose the offer size i...Read More