China's rebar prices rose in the east on Tuesday December 31, bolstered by restocking activity by stockists in expectation of price increases in January.DomesticEastern China (Shanghai): 3,700-3,750 yuan ($531-538) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,550-3,570 yuan per tonne, unchangedSellers in eastern China started with offer prices at 3,700-3,730 yuan per ton...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebarEast China, domestic, grade III 16-25mm...Read More
China's domestic hot-rolled coil prices remained firm on Tuesday December 31 despite thin trading, while exporters enjoyed active trading amid a rise in prices globally.DomesticEastern China (Shanghai): 3,900-3,920 yuan ($559-562) per tonne, widening upward by 10 yuan per tonneNorthern China (Tangshan): 3,640 yuan per tonne, narrowing upward by 10 yuan per tonneA Shanghai-based trader sa...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
RAPAPORT... Sales of timepieces at Sotheby's broke a record for the auction house, netting the highest annual total in the company's history, at $108.7 million.The total increased 22% year on year, and 153% over the past decade, with nearly half of lots fetching prices above their high estimate Sotheby's said last week. George Daniels' Space Traveller I achieved the highest price of the year,...Read More
RAPAPORT... Alrosa has published its schedule of contract sales and auctions for next year.The Russian miner has maintained its format of monthly sales under the Alrosa Alliance, its long-term supply program. It will also hold 34 auctions of rough diamonds over 10.8 carats, with 11 taking place in Moscow and three in the Russian city of Vladivostok. Other sales will occur in Antwerp, Dubai, Hong K...Read More
RAPAPORT... It was another big year for big diamonds, with several stones that set records, raked in big bucks or otherwise made headlines. These were the stones that caught our attention in 2019.Biggest money makers1. Big blueIn November, Petra Diamonds sold a 20.08-carat, type IIb, gem-quality blue diamond recovered at its Cullinan mine in South Africa for $14.9 million, or $742,032 pe...Read More
RAPAPORT... There's a running joke here at Rapaport News that if we just put "GIA," "De Beers" and "synthetics" into a headline in a random order and added a few filler words, it would automatically get the diamond industry clicking by the thousands.Such is the importance of those topics in the eyes of the trade. This year was not too different, with grading laboratories, lab-grown stones and the...Read More
Seaborne coking coal prices ended the year higher on Tuesday December 31, with a premium low-vol cargo fetching more than $140 per tonne fob Australia.Fastmarkets indicesPremium hard coking coal, fob DBCT: $140.69 per tonne, up $7.04 per tonne Premium hard coking coal, cfr Jingtang: $148.77 per tonne, unchangedHard coking coal, fob...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. The Shanghai Composite Index gained 10.10 to 3,050.12 after China's December PMI advanced to 50.2. Consensus was 50.1. The Index moved above 3,042.93 and 3,048.48 completing a reverse Head & Shoulders pattern.Nvidia (NVDA $232.32) is expected to open higher after Benchmark raised its tar...Read More
PRIVATE BLOG - Gold for Year-EndPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
This episode features a critical look at innovation and the mining industry from Nathan Stubina, Sherritt International vice-president of technologies and operations. Nathan delivered a presentation titled, "Some Inconvenient Facts, Some Inconvenient Perceptions. Staying Still Is Moving Backwards" at the 2019 Progressive Mine Forum in Toronto, where he argued that technology alone is not enough to...Read More
The mining industry had its share of tragedy this year starting in January with the murder of Canadian geologist Kirk Woodman in Burkina Faso and Vale's tailings dam disaster in Brazil. The bad news continued into the second half of the year with the attack near Semafo's Boungou mine in Burkina Faso that killed 39 employees and contractors. The year had bright spots, too, however, with a torrent o...Read More
(Kitco News) - Newmont's acquisition of Goldcorp loomed large over a busy year of mergers and acquisitions. Read more on 'Kitco'Read full newsRead More
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