"Red Pine Exploration Inc. Announces Closing of C$3,779,722 Private Placement Financing and Welcomes Alamos Gold as a Strategic Investor https://t.co/0vIemJcWZQ @RedPineExpl #ResourceNews #Gold $RPX"Read full newsRead More

Seahawk Ventures announces that it has closed the first tranche of its non-brokered private placement announced in its press release of December 20.Read full newsRead More

Besides the issues with the local trucking contractor, the locals have also been protesting about the...by Steve St Angelo of SRSrocco ReportIn the past five months, Mexico's second-largest silver mine was shut down, reopened and the recently shut down once again. Due to a new blockade at Newmont-Goldcorp's Penasquito Mine, stemming from issues with a local trucking contractor, the company has t...Read More

China's domestic hot-rolled coil prices dropped on Thursday September 19 amid expectations of higher output in the northern region in the next six months. DomesticEastern China (Shanghai): 3,640-3,650 yuan ($513-514) per tonne, down 50 yuan per tonneNorthern China (Tangshan): 3,600-3,610 yuan per tonne, narrowing downward by 10 yuan per tonneA draft of measures to cut emissions in northern China d...Read More

Import prices for steel billet in Egypt fell in the week ended Thursday September 19, amid lower offer prices from the Commonwealth of Independent States.Buyers were reluctant to book because of the uncertainty about the possible imposition of safeguard duties.The Supreme Administrative Court of Egypt has again postponed its decision on the possible re-imposition of safeguard duties on billet and...Read More

Turkish domestic prices for rebar and wire rod have gone down over the past seven days amid weakening imported scrap costs and sluggish demand, sources said on Thursday September 19.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey, was TRY2,750-2,820 ($483-496) per tonne on Thursday, down from last week's TRY2,825-2,920 per tonne.The domestic rebar prices...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday September 19 that are worth another look.Ramp-ups in Chinese nickel pig iron (NPI) production will not inhibit the use of traditional ferro-nickel in European stainless steel production, multinational miner Anglo American's head of business intelligence told Fastmarkets at the International Stainless and Special Steel Summit in...Read More

The China Smelters Purchase Team (CSPT), which comprises the largest copper smelters in the East Asian country, is set to accept two new members - Zhejiang Jiantong Fuye Heding and Huludao Zinc's copper subsidiary - sources directly involved have told Fastmarkets.Sources from both companies have confirmed to Fastmarkets that applications were made, and they are optimistic about receiving approval....Read More

Weak demand and good availability of cargoes continue to put pressure on global alumina prices toward the end of the third quarter of 2019, with prices on a downward spiral over the past four months.Fastmarkets' benchmark alumina index, fob Australia fell to $292.50 per tonne on Tuesday September 17, its lowest since May 25, 2017, and remained little changed at $292.51 per tonne the foll...Read More

Ahead of Fastmarkets' Battery Materials Europe conference in Amsterdam, we hosted a free web seminar to discuss recent market moves in the battery and EV sector, and what to expect over the coming months. If you missed it, follow the link below to listen to the free recording. What is driving the battery raw materials markets? During the webinar, we discussed: Cobalt: metal, salts and interme...Read More

Growing alumina supply and a retreating Chinese aluminium futures price are weighing on the domestic Chinese alumina price and could cause it to drop further, sources told Fastmarkets at a seminar held by the Qianhai Mercantile Exchange on Wednesday September 18 in Shanghai. Market participants speaking to Fastmarkets on the sidelines of the event were mostly bearish on the Chinese alumina price i...Read More

The three-month aluminium price on the London Metal Exchange was slightly higher during morning trading on Thursday September 19, with price action nearing $1,800 per tonne despite low turnover, while the light metal's forward spreads on the exchange remained in a contango. Aluminium futures were trading in a narrow range over the morning period after reaching an intra-morning low of $1,783 per to...Read More

Domestic stainless steel prices in China rose over the past week amid rising production costs. Fastmarkets' price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 15,400-15,800 yuan ($2,172-2,229) per tonne including value-added tax for the week ended Wednesday September 18, up 100 yuan per tonne from a week earlier. Ind...Read More

Export and import billet prices in Turkey have weakened over the past week, while the domestic price was unchanged, sources said on Thursday September 19. Fastmarkets' weekly price assessment for steel billet import, cfr main port Turkey was $360-365 per tonne, down from $370-375 per tonne last week. Suppliers in the Commonwealth of Independent States have lowered their offers to Turkey to $365-38...Read More

Hong Kong show brings fewervisitors, but better-than-expected trading. Serious buyers attending. Fair reflectsspecific Chinese interest and shift to lower-color diamonds. Pockets of gooddemand, with shortages of nice (eye-clean) RapSpec A3+ SIs due to reducedmanufacturing. Some small-scale Indian cutters closing early for Diwali. DeBeers maintaining flexibility for next week's sight, allowing 20%...Read More

Fewer goods and buyersin the local market during the Hong Kong show. Dealers looking to fill specificorders, with very little inventory-buying. Volatile melee market seeing slight improvementin lower price ranges. Polished production still at reduced levels, with somesmall-scale manufacturers closing early for Diwali. Larger exporters preparinginventory as they anticipate US holiday orders. Roun...Read More

RAPAPORT... Lucara Diamond Corp. has recovered a 123-carat, type IIrough and a 375-carat, gem-quality stone from the high-value portion of its Karowemine in Botswana, it said Wednesday. Including the two diamonds, the company has unearthed 29diamonds over 100 carats, including eight weighing more than 200 carats. The123-carat diamond was from the run of mine ore at the EM/PK(S) portion of the...Read More

RAPAPORT... Jewelers of America (JA) has named Ed Bridge, chairman of Ben Bridge Jeweler, as the recipient of its 2020 GEM Award for LifetimeAchievement. The GEM Awards honor the outstanding achievements ofindividuals or companies whose work raises the visibility and status of finejewelry and watches. "Ed has undoubtedly increased the professionalism for thejewelry industry," JA president Da...Read More

RAPAPORT... Swiss watch exports rose 1.5% year on year to CHF 1.52 billion ($1.53billion) in August amid increased growth in US demand ahead of the September 1tariff hikes. "In the US, growth continued to increase regularly, makingit the top export market," the Federation of the Swiss Watch Industry reportedlast week.  Shipments to the US climbed 15% to CHF 177.3 million ($178.4million),...Read More

RAPAPORT... A historic emerald given to Lady Mary Hood Mackenzie byMughal Emperor Akbar II in 1813 will go under the hammer at Bonhams, the auctionhouse said Tuesday. The Art Deco, Persian-engraved, octagonal-cut Colombianemerald brooch is set in a frame of black enamel and brilliant and single-cutdiamonds, mounted in platinum. The piece, believed to have been created around1925 by British je...Read More