The latest forecasts from Fastmarkets' team of analysts are ready to view.The recent decline in Chinese scrap prices - to their lowest in a couple of years - even as demand rises, suggests that Chinese scrap supply is increasingly sufficient. In terms of scrap demand, the question is more about price attractiveness. Mini-mills were reducing demand in February, largely because steel margins on scra...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.While downward pressure mounts on the steelmaking raw material markets, premiums for higher-grade iron ores have been sustained despite narrowing operating margins at Chinese steelmakers. Chinese mills are operating with shrinking margins since the end of last year but the premium for high-grade ores remains high. Historical...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices have fared relatively well over the past couple of months in the face of the threat from the Covid-19 pandemic.In grade-304 material, the most common grade of stainless steel, prices were down by about 5-7% since the turn of the year - not bad, when compared with the falls in prices of other assets so f...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Having first hit Asia during early 2020, the Covid-19 viral outbreak is now having an even bigger impact on European countries and the US. Widespread lockdown measures have been put in place on people and industry, and economic activity has slowed markedly.For now, stainless steel markets in Europe and the US are yet to show...Read More

The new issue of the Seamless OCTG & Linepipe Market Tracker is now online at metalbulletinresearch.com.In this edition, Fastmarkets' research team delivers analysis of seamless OCTG and linepipe across international markets:Covid-19 underscores pipe outlookUnsurprisingly, the concern in the seamless pipe markets across the regions is the effect of the spread of Covid-19 on public health and econo...Read More

RAPAPORT... India's diamond shipments declined heavily in March as the coronavirus crisis hit the US market. Polished exports slumped 48% to $960 million, while rough imports fell 65% to $293 million as Indian manufacturers demonstrated less demand. The country's total rough and polished trade fell 48% to $1.57 billion - the lowest monthly total since Rapaport records began in 2009.Exports of...Read More

RAPAPORT... The Israel Diamond Exchange (IDE) has reopened its trading floor following a two-month nationwide lockdown due to the pandemic.The hall will operate under a new format to comply with government health-and-safety rules, the IDE said Sunday. The measures include a divided floor, with one area for polished trading and another for rough. The bourse has also put a limit on the number o...Read More

(IDEX Online) - Alrosa has followed De Beers' example by announcing a significant cut to expected production this year, in response to COVID-19.The Russian state-owned miner's has revised down its 2020 forecast by as much as 17.6 per cent, from 34m carats to between 28m and 31m.Last month De Beers said it would reduce production this year from between 32m and 34m carats to between 25m an...Read More

(IDEX Online) - Billionaire Robert Kraft has auctioned off a ring containing 283 diamonds  - to mark his NFL team's Super Bowl astonishing comeback victory - for $1.025m.Proceeds will go to the All In Challenge charity, to feed the hungry during the COVID-19 pandemic.Kraft, 78, made his fortune in paper and packaging, and bought the New England Patriots American football club in 1994.He...Read More

(IDEX Online) - The Israel Diamond Exchange (IDE) yesterday re-opened for "new normal" activity after 11 weeks of closure due to COVID-19.   The huge trading floor (pictured) has been divided into separate rough and polished areas, the number of traders has been cut, and tables have been divided by transparent partitions.   Anyone on the floor is required to wear a mask, keep a two-metre...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesChairman and CEO Dr Keith Barron said Aurania had recognised in March that a competitor had discovered a similar style of mineralisation to what Aurania found in the Cutucu Cordillera, 300km to theRead More

NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesFortescue has agreed to make a C$1.38 million (US$986,000) investment to increase its Candente stake to 19.92% via subsidiary...Read More

The TSX Composite Index is expected to open higher this morning in relatively light trading. The Index is expected to respond to strength in international equity markets as world economies begin to re-open. The Nikkei Average gained 1.73%. The DAX Index added 1.97%. S&P 500 futures advanced 0.93% despite no official trading on U.S. equity markets during the Memorial Day holiday. The Botto...Read More

Northern Dynasty Minerals (TSX: NDM) has welcomed a change of plan for its Pebble project in Alaska's Bristol Bay region, which would now include an all land-based transportation route to connect the proposed copper-gold-molybdenum-silver mine in southwest Alaska.On May 22, the U.S. Army Corps of Engineers (USACE) - the lead federal regulator for the Environmental Impact Statement (EIS) permitting...Read More

Manitou Gold (TSXV: MTU) has released initial drill results from the Rockstar vein within its 225-sq.-km Goudreau project in Ontario.This work is following up on last year's channel sampling program at the property. At the time, the program uncovered the vein over 100 metres of strike, with the gold-bearing unit grading 3 grams gold per tonne over an average width of 2 metres.Drill highlights from...Read More

Barrick Gold (TSX:ABX; NYSE:GOLD) will finally be able to ship gold concentrate containers out of Tanzania, which have been sitting at Dar es Salaam Port for three years due to a dispute over taxes between the country and the gold giant's now defunct subsidiary, Acacia Mining.The decision comes four months after reaching a deal with Barrick, which ended the tax row and granted the government a sta...Read More

AngloGold Ashanti (NYSE: AU) has temporarily closed its Mponeng mine in South Africa after 196 workers tested positive for COVID-19.The company has conducted 651 tests since the first COVID-19 case was detected at the mine last week, with the "vast majority" of those tested asymptomatic, the company reported.The cases were discovered as part of a screening, contact tracing and testing program at t...Read More

Gold rebounded on Friday as concerns about the economic fallout from the COVID-19 pandemic were compounded by fears of rising political tensions between China and the United States.Spot gold closed at US$1,732.70 per oz. on May 22, up from US$1,727.50 per oz. on May 21, after the Chinese government announced its intention to impose a national security law that criminalizes political dissent in the...Read More

NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe flat price of the steel-making material offers few clues to the nickel revival which has seen the return of Australian inv...Read More

Is Beijing's response to escalating jawboning out of the Trump administration to simply devalue its currency?Read full newsRead More