RAPAPORT... Gail Goldberg will take the helm of the Canadian Jewellers Association (CJA) following the election of the trade body's new board of directors.Goldberg, who will succeed Marco Miserendino as chair, will take over for the 2020-to-2022 term, CJA said Tuesday. The owner of Custom Creations by GG, Goldberg previously served as first vice chair of the CJA board, president of the Jewelers Vi...Read More

RAPAPORT... Pandora has warned that fresh coronavirus-related restrictions could dampen the jeweler's holiday sales and put the brakes on its steady recovery.The Danish retailer has maintained its financial guidance for the year due to market uncertainty, but "the recent lockdowns and potential further Covid-19 escalation represent a clear downside risk," the company said Tuesday.Pandora is r...Read More

An abundance of used lead-acid batteries in the United States weighed on product prices again over the past two weeks; meanwhile, zinc scrap prices were soft relative to the London Metal Exchange zinc price, according to market sources.Fastmarkets' assessment of the lead scrap buying price, delivered smelters US fell to 65-67 cents per lb on Tuesday November 3, down by a penny from 66-68 cent...Read More

(IDEX Online) - Joan Collins, the British stage and screen icon best known as Alexis Carrington Colby in the US 80s soap Dynasty, is selling a selection of her jewels.A necklace featuring over 60 carats of diamonds will lead the auction at Bonham's in London, where it is expected to fetch between $65,000 and $91,000.It has a graduated series of brilliant and marquise-cut diamonds, and a scrol...Read More

(IDEX Online) - Canadian miner Mountain Province Diamonds sold 559,528 carats of rough at the second sale since its Gahcho Kue mine was hit by the lockdown in February.Total proceeds from the tender in Antwerp were $34.3m - an average of $61 per carat, indicating an encouraging recovery in global demand.The figure is significantly higher than its first post-lockdown sale last month, which averaged...Read More

(IDEX Online) - An Indian farm laborer has unearthed a 14.95-carat gem-quality diamond valued at a life-changing $80,000. Lakhan Yadav was washing gravel in Madhya Pradesh district, an area rich in government-licensed artisanal mines.The stone will now be auctioned by the local diamond office and Mr Yadav will receive the proceeds, minus a 12.5 per cent tax.In the same week another farmer, di...Read More

The tightness in China's domestic market for aluminium scrap has slightly eased week on week with more aluminium scrap cargoes arriving in the country, Fastmarkets learnt on Wednesday November 4.The change came after Chinese producers of aluminium ADC12 were allowed to import qualified aluminium scrap based on a new customs code that came into effect on November 1."We stored some volumes of standa...Read More

The recovery in Peruvian copper output off the 2020 lows, which were caused by action taken to combat Covid-19, lost steam in September, while domestic zinc production continued to climb year year on year, the country's ministry of energy and mines, Minem, said.Peru produced 171,789 tonnes of copper in September was down by 15.7% from 203,782 tonnes a year earlier, according to Minem data on Tuesd...Read More

Global nickel premiums were broadly unchanged in the week to Tuesday November 3, with a closed import arbitrage window and muted spot interest prompting no movement in premiums, sources told Fastmarkets. Absence of import opportunities leaves nickel premium static in ChinaNo spot trade reported in United States' market European market laments London Metal Exchange price spikeChina nickel business...Read More

Prices for hollow steel sections in Europe remained static this week but mills are looking to push prices higher in the coming weeks on solid order books, sources told Fastmarkets on Wednesday November 4.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?630-650 ($736-760) per tonne on Wednesday, unchanged week on week.The price of hot-rolled coil...Read More

The price of steel H-beams in Europe was unchanged this week as a result of negative sentiment related to the resurgence of the Covid-19 pandemic, sources told Fastmarkets on Wednesday November 4.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?540-570 ($631-666) per tonne on Wednesday, unchanged week on week.Prices have been unchanged for the past...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The company said this week it had reviewed a third-party term sheet for a US$20-30 million credit facility.It is said to be in discussions with senior lender KfW-IPEX Bank and other potential funding providers, while main shareholder Pala Investments is meeting regular cash calls - but only until the end of the...Read More

Steel mesh-quality wire rod prices in the north of Europe remained largely unchanged in the week to Wednesday November 4, with sentiment still optimistic despite concerns over the second wave of Covid-19 infections, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe was unchanged at ?,?485-495 ($567-579) per ton...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.State copper company Codelco saw its production increase 9.6% to 159,200t in September compared with the prior year period.Production at the BHP-controlled Escondida fell 6% to 94,100t, while the Collahuasi mine logged a 9.4% increase to 53,400t.Scoped for growth: Nevada Copper shifts into production modeSPONSO...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Instead, criminal groups are successfully targeting telecommunications infrastructure in Medellin owned by Tigo Une, which has registered a 438% increase in theft of property such as copper cables,Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootCochilco said part of the fall was due to a 1% reduction in the quantity of mineral processed as well as miners moving to...Read More

Turkey exported 415,694 tonnes of flat steel products in September 2020, an increase of 5.6% from the 393,716 tonnes exported in September 2019, according to the Turkish Statistical Institute (TUIK).Most of the orders shipped in September were booked in July, when demand for flat steel was strong in Asia and North Africa, sources told Fastmarkets.Turkey's future exports of flat steel to Europe are...Read More

Turkey imported 621,912 tonnes of flat steel in September 2020, up by 3.2% from 602,707 tonnes in the corresponding period of 2019, the Turkish Statistical Institute (TUIK) said on Tuesday November 3.Demand for flat steel was strong in July, when orders for September deliveries were placed.The Turkish market for flat steel is currently experiencing moderate demand with most prices remaining stable...Read More

Limited availability of steel wire rod and low stocks at buyers pushed the price of the commodity upward in the south of Europe in the week to Wednesday November 4, sources have told Fastmarkets.The key factor supporting the rise in wire rod prices was tight supply in the market, they said.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe,...Read More

Stainless steel scrap prices in the United States faltered slightly amid a lack of demand and an erratic nickel market, as well as uncertainty about the Covid-19 pandemic and the outcome of the US federal elections."I think everyone is just waiting out this election. Not very much demand and even less supply [of material] coming in right now," one dealer said.Most sources indicated that there was...Read More