(IDEX Online) - The number of bidders at the recent 2019 Argyle Pink Diamonds Tender saw double-digit growth with buyers vying to get their hands on some of the last diamonds to come from the Argyle diamond mine. The mine is scheduled to close at the end of 2020.While Rio Tinto does not disclose the value of winning bids, it said that over the past 19 years, the value of diamonds sold at Tender ha...Read More
(IDEX Online) - What the latest large finds from Mothae lack in quality, they more than make up for in size. Two diamonds of 220 carats and 127 carats were recovered from the treatment of recovery tailings. The 220-carat stone is the largest of the three 100+ carat stones recovered from the Lesotho mine since commercial production began in January 2019.Lucapa Diamond Company Limited, which ho...Read More
(IDEX Online) - Marketing company GemFind has announced a change in name to better reflect the digital marketing and website solutions it provides to its clients. The company will now be known as GemFind Digital Solutions (GDS). As part of the rebrand, GDS has also launched a new website that features educational training blogs on digital marketing, along with demos of the newly released Ring...Read More
(IDEX Online) - Tennis icon Serena Williams has unveiled her first fine jewelry collection. Created in a collaboration with diamond manufacturer K.P. Sanghvi, Serena Williams Jewelry launched exclusively with Fred Meyer Jewelers online and at select stores and on Macys.com.The collection features over 70 core pieces that include items adorned with words that describe Williams, such as "queen"and "...Read More
The stainless steel scrap market in the United States continues to disappoint, with prices falling further over the past week.It's "probably going to be a miserable remainder of 2019 for stainless steel scrap," one domestic dealer source said."Prices may not see any real opportunity for strength until January, when processors and mills [consumers] start looking to restock inventory," a s...Read More
World Diamond Council (WDC) president Stephane Fischler says that although the Kimberley Process (KP) requires a political process, it is in the collective interest of all participants that rough diamonds meet the expectations of the market.He opened the KP plenary meeting, in India, on Tuesday, which was expected to discuss the end of the KP’s three-year reform and review cycle and the futu...Read More
Turkish steel producers have continued to book deep-sea scrap for December deliveries but only at a slow pace due to the limited demand for finished long steel products, with prices holding steady, sources said on Wednesday November 20.A steel mill in the Marmara region booked a Baltic Sea cargo on November 20, comprising 25,000 tonnes of HMS 1&2 (80:20) at $261 per tonne and 5,000 tonnes of bonus...Read More
Seaborne iron ore prices saw a slight uptick on Wednesday November 20, while some market participants are bracing for production restrictions due to bad weather and heavy pollution levels in north China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $86.33 per tonne, up $0.53 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $86.36 per tonne, up $0.53 per tonne.62% Fe low-alumin...Read More
Steelmaking in electric arc furnaces (EAF) is already a good example of a waste-free circular economy since more than half of global steel output is being recycled, even if higher-quality materials are still produced from virgin materials and fossil-fueled processes, the president of the European Steel Technology Platform (ESTEP) said at a workshop in Bergamo, northern Italy last week. Carl de Mar...Read More
China continued to account for the bulk of the transactions in the seaborne coking coal market, with cargoes being traded in a tight price range.Fastmarkets indicesPremium hard coking coal, fob DBCT: $132.29 per tonne, up $0.38 per tonnePremium hard coking coal, cfr Jingtang: $144.07 per tonne, down $0.07 per tonneHard coking coal, fob DBCT: $120.70 per tonne, unchangedHard coking coal, cfr Jingta...Read More
The three-month price of aluminium traded on the London Metal Exchange was little changed during the morning session on Wednesday November 11 despite aninflow of 13,725 tonnes of the metal into exchange warehouses as of 9am on the same day. The LME three-month aluminium price traded up a marginal 0.4% from the previous day's close at $1,738 per tonne this morning despite the stock inflow, which wo...Read More
Aluminium premiums in Europe and the United States declined further in the week ended Tuesday November 19, with the market under increasing pressure from weak demand and the backwardation in London Metal Exchange spreads. Rotterdam duty-paid premium at lowest since FebruaryUS premium holds at 20-month low after end-of-week fallLow buying interest keeps premiums in Brazil steady MJP premiums uncha...Read More
China's hot-rolled coil prices continued to climb on Wednesday November 20 amid sustained demand.DomesticEastern China (Shanghai): 3,660-3,700 yuan ($521-527) per tonne, up 10-40 yuan per tonneNorthern China (Tangshan): 3,670 yuan per tonne, up 50-60 yuan per tonneIn Shanghai, HRC was sold at 3,660-3,670 yuan per tonne in the morning, but sellers raised these in the afternoon on seeing how strong...Read More
Base metals prices on the Shanghai Futures Exchange were mostly up during the morning trading session on Wednesday November 20, with the complex finding slight support from improved investor confidence following reports that China's central bank will loosen monetary policy to support economic growth. Market sentiment was somewhat upbeat this morning following overnight reports that the Chinese cen...Read More
Galena provides a leading lightSPONSOREDgalena miningChina is the biggest investor in renewable energy technology, ploughing $91.2 billion into the sector last year.Read More
Macarthur's high-grade iron project set to rollSPONSOREDGalena provides a leading lightSPONSOREDgalena miningNickel discoveries put St George on investors' radarSPONSOREDst george miningUniversity of Delaware launches Minerals, Materials and Society programSPONSOREDuniversity of delawareBoth Rio Tinto and its Toronto-listed subsidiary Turquoise Hill Resources overnight noted Administrative...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday November 20. Key drivers Both titanium scrap turnings prices fell in the past week amid slow trading in the alloys business. There are persistent differences reported between northern and southern European markets, with estimates below $0.80 per lb for low tin content grade from some sources. Both assessments fell by mor...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade.The Canadian Dollar was virtually unchanged at U.S. 75.25 cents following release of Canada's October Consumer Price Index at 8:30 AM EST. Consensus was a year-over-year gain of 1.9% versus an increase of 1.9% in September. Actual was a gain of 1.9%. Urban Outfitters plunged $4.70 to $24....Read More
Copper smelters will slow capacity expansions if market terms for copper concentrates fall to reflect a potential market deficit, Jiangxi Copper's Yuanfeng Xu said at Fastmarkets' Asia Copper Conference in Shanghai on Wednesday November 20."Right now [smelting] capacity is still increasing, so the future potential risk may come from the supply from the ore mining side," Xu, who is vice president o...Read More
Robert Friedland's High Power Exploration (HPX) has closed a US$88-million equity investment from an undisclosed U.S.-based institutional investor that will allow the privately held company to fast-track development of its Nimba iron-ore project in southeastern Guinea.The company says it plans to bring Nimba into production as quickly as possible as a starter mine of one to five million tonnes per...Read More