Demand for passenger cars in the EU dropped by 7.50% year-on-year in January 2020, following four consecutive months of recovery.New car sales in Europe totalled 956,779 vehicles in Janaury 2020, compared with 1,034,407 units sold in the corresponding month of 2019, the European Automotive Manufacturers Association (ACEA) said on Tuesday February 18.The...Read More
Ukraine's largest producer of long steel, ArcelorMittal Kryvyi Rih (AMKR), is currently bringing its new continuous casting machine No3 (CCM No3) to designed capacity, the company announced on Monday February 17."We already produce 150mm billet at CCM No3 and will start production of 130mm billet soon, " a company source told Fastmarkets.The equipment addition is part of a company project to repla...Read More
Uncertainty in the global flat steel market caused by falling prices for exports from China has been affecting demand and putting pressure on the market for exports from the Commonwealth of Independent States (CIS), sources told Fastmarkets on Monday February 17.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $460-480 per tonne on Monday, down from $...Read More
Domestic prices for hot-rolled coil have been fairly stable day on day in the north of Europe and sentiment remains positive, sources told Fastmarkets on Tuesday February 18.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?480.31 ($520.51) per tonne on Tuesday February 18, up by ?,?0.31 per tonne from ?,?480.00 per tonne on February 17.The index was calcul...Read More
RAPAPORT... Just a few generations ago, jewelry stores were mom-and-pop shops at the heart of their local communities. While technology has opened the market to a wider audience and added many positive elements to the jewelry-purchasing process, customers still crave that old familiar experience. Knowing you is trusting you, and trust is one of the most important factors in making a sale now...Read More
RAPAPORT... Trigem has launched a new boiling plant at the Dubai Multi Commodities Centre (DMCC) that will have the capacity to process 1.4 million carats of diamonds each month.The facility, which was launched in partnership with Antwerp-based entity Charlotte Quality Boiling, is located in the Jewellery and Gemplex Building in Jumeirah Lakes Towers. Trigem believes it will complement the co...Read More
RAPAPORT... Lightbox has added grading information for its synthetic white diamonds in an effort to bring further transparency to the lab-grown sector.The company will provide technical specifications showing the minimum quality of its stones across cut, color, clarity and carat weight, Lightbox said Monday. It will include these descriptions with each white lab-grown diamond it sells, but wi...Read More
RAPAPORT... Exhibitors at IIJS Signature in Mumbai expressed confidence India's wedding tradition and enduring love of gold would help the nation's jewelry industry overcome its current difficulties.Economic uncertainty, high gold prices, tight regulation and the outbreak of the coronavirus in China have created challenges for the Indian jewelry sector, traders told Rapaport News during the fair,...Read More
(IDEX Online) - TRIGEM has opened a Belgian-certified independent boiling facility in Dubai in partnership with Charlotte Quality Boiling Belgium. The new facility can boil 1.4 million carats of rough and polished diamonds each month using the exclusive Antwerp Charlotte Boil chemical formula.TRIGEM's Charlotte Boiling facility is located in the Jewellery and Gemplex Building, in Jumeirah Lak...Read More
(IDEX Online) - Coronavirus is being blamed for a sharp decline in imports to the U.S. Overall volumes of shipping containers entering the country will be down 3.8 percent in January and 12.9 percent in February (year-on-year), according to estimates by Global Port Tracker, which forecasts container trends.March is set to be down 9.5 percent, it says, in a report released by the National Retail Fe...Read More
RAPAPORT... Shares in Petra Diamonds slipped 16% in early trading Monday after the miner reported a net loss for the first fiscal half, and warned of operational problems that could affect annual production.The company reported a net loss of $10 million for the period ending December 31, an improvement on its $57.9 million loss the year before. The loss was due to a decline in rough-diamond p...Read More
Turkish steel producers made more bookings of deep-sea scrap for March shipment, with prices strengthening further on firm demand, sources told Fastmarkets on Tuesday February 18.A steel mill in the Iskenderun region booked a US cargo comprising 20,000 tonnes of HMS 1&2 (90:10) at $282.50 per tonne, 5,000 tonnes of shredded at $285 per tonne and 5,000 tonnes of bonus at $290 per tonne cfr.This com...Read More
RAPAPORT... Auction house Bonhams has postponed its upcoming Jewels and Jadeite sale amid an escalation in the coronavirus epidemic.The event, which had been due to take place in Hong Kong on March 12, will be rescheduled to a later date, a Bonhams spokesperson said Wednesday in an email to Rapaport News. It comes as the number of confirmed cases of coronavirus tops 60,000 worldwide, resultin...Read More
News of Australian miner Rio Tinto's production cuts amid continued bearish sentiment among Chinese buyers on downstream demand prevented any significant movement in seaborne iron ore prices on Tuesday February 18.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.18 per tonne, down $0.30 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $89.51 per tonne, down $0.30 per tonne.62% Fe low-a...Read More
Seaborne coking coal prices were up on Tuesday February 18 with tight seaborne supply driving sentiment, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.43 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $164.58 per tonne, up $3.30 per tonneHard coking coal, fob DBCT: $127.01 per tonne, unchangedHard coking coal, cfr Jingtang: $146.95 per tonne, up $4.35 per...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaThe government, which owns 34% of the giant copper-gold mine, had cancelled an earlier power agreement, with the parties then agreeing a bind...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexia"We have been very thoughtful and deliberate about the construct of our portfolio over many years now clearly the world trend is towards deca...Read More
Look beyond market approach to project valuations: van ZylLeadershipCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesOn a headline basis, underlying net profit after tax fell year-on-year from A$228 million to $164 million, though ope...Read More
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Tighter restrictions have been implemented by...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest i...Read More