RAPAPORT PRESS RELEASE, October 6, 2020, Las Vegas... Diamond market sentiment improved in September as jewelers started to prepare for the fourth-quarter holiday season. Optimism was tempered by a continued rise in global Covid-19 cases and renewed government restrictions in key trading centers. Polished prices firmed due to shortages and rising holiday orders. The RapNet Diamond Index (RAPI?,,?)...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Although we correctly forecast a significant rise in hot-rolled coil (HRC) prices in the United States in September 2020, our price forecast proved too conservative.An impressive V-shaped recovery in key economic fundamentals critical to steel consumption is driving stronger demand for steel at the start of the fourth quarte...Read More

(IDEX Online) - There's the hint of a new twist in the Tiffany takeover saga, with speculation that LVMH may be more interested in a jeweler closer to home - Cartier.Industry experts are suggesting that the French luxury conglomerate LVMH could be considering a bid instead for Swiss-based Cie Financiere Richemont SA, owners of the French jeweler and watchmaker Cartier.LVMH Moet Hennessy Louis...Read More

(IDEX Online) - Pandora has launched a dozen specially-created Star Wars charms for its bracelets.The Danish jeweler worked with Lucasfilm to launch a capsule collection inspired by the 1977 blockbuster and its eight prequels and sequels.The Star Wars x Pandora collection includes Darth Vader, R2-D2, Chewbacca, C-3PO and Princess Leia charms, priced at $45 to $90 each. "We worked hard to tran...Read More

The partnership between Anheuser-Busch InBev (AB InBev) and Rio Tinto to create beer cans made from low-carbon aluminium is the inaugural step in a broad-based, long-term journey, executives at the two companies said.The venture will focus initially on the North American market and is a first for the canned beverage industry, according to Hudson Moore, global director, metal, at the global procure...Read More

(IDEX Online) - Customs officials in India suspect smugglers after a 21kg consignment of gold was found at a domestic air cargo complex.Gold bangles disguised as silver accounted for the majority of the haul at the Rajiv Gandhi International Airport in Hyderabad (pictured) on Saturday. There were also foreign-marked gold biscuits weighing 2kg and gold jewelry.Almost all items are undocumented and...Read More

Anheuser-Busch InBev (AB InBev), the world's largest brewer, has teamed up with mining company Rio Tinto in a partnership focused on creating beer cans made from responsibly produced aluminium. The two companies have signed a memorandum of understanding (MoU) committing to work with supply chain partners to bring AB InBev products to market in cans made from Rio Tinto's low-carbon aluminium. It me...Read More

The three-month nickel price on the LME was higher during morning trade on Tuesday October 6, despite thin turnover, while the fresh cancellation of nearly 70,000 tonnes of aluminium failed to push the light metal's price above nearby resistance. Nickel's outright price on the London Metal Exchange was recently seen at $14,690 per tonne, climbing more than 1% from Monday's closing price of $14,644...Read More

London-based Amalgamated Metal Trading (AMT), a category I ring-dealing member of the London Metal Exchange, has announced the opening of a new office in Singapore in an effort to develop its non-ferrous, ferrous and precious metals clientele in Southeast Asia and Australasia.The company made the announcement in a press release on Tuesday October 6.The move will see AMT's sister company, Amalgamat...Read More

Base metals prices on the London Metal Exchange were for the most part firmer this morning, Tuesday October 6, as were Asian-Pacific and pre-market major western equity index futures. US President Donald Trump's return to the White House boosts confidence.Markets have become more risk-on, although gold prices are holding up well too.Base metalsThree-month base metals prices on the LME were for the...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia showed few changes this week, with demand being soft, sources told Fastmarkets on Tuesday October 6.Most market participants preferred to wait for developments until China was back from its week-long national day holiday, because resumed demand in the East Asian nation will have an effect on the global steel industry.China will...Read More

The prices for steel rebar imported into the United Arab Emirates have decreased in the past week, with demand being only moderate and domestic prices static, market sources said on Tuesday October 6.Domestic rebarThe country's biggest producer, Emirates Steel, has been offering rebar since September 15 at 1,936 dirhams ($527) per tonne ex-works for orders to be produced in October, while Conares...Read More

Seaborne iron ore prices remained flat on Tuesday October 6 during the Chinese Golden Week holiday amid few offers in the market, however, the iron ore swaps prices gained further after an increase in steel billet prices, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $123.47 per tonne, unchanged62% Fe low-alumina fines, cfr Qingdao: $123.49 per tonne, unchanged58% Fe fines...Read More

Export prices for flat steel products from the Commonwealth of Independent States (CIS) softened again during the week to Monday October 5 because buyers remained inactive.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $470-495 per tonne on Monday, down by $15-25 per tonne from $495-510 per tonne a week earlier.Suppliers were heard to have reduced th...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The new miner now expects ore production to reach 5,000 tonnes per day in early 2021 rather than by year-end, after it opted to reduce the size of early stopes following geotechnical analysis.It said it was working to establish expected additional costs.Scoped for growth: Nevada Copper shifts into production mo...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Zijin Mining acquired the Timok project it refers to as ?OEukaru Peki last year, through the acquisition of Nevsun Resources and then Freeport-McMoRan's stake in the Lower Zone. EMX said it had acquired an uncapped 0.5% NSR royalty across the Brestovac licence, which contained the ?OEukaru Peki Upper Zone...Read More

Base metals prices on the London Metal Exchange were for the most part firmer this morning, Tuesday October 6, as were Asian-Pacific and pre-market major western equity index futures.* US President Donald Trump’s return to the White House boosts confidence.* Markets have become more risk-on, although gold prices are holding up well too.Base metalsThree-month base metals prices on the LME were...Read More

The Turkish steel producers have continued to hold back from the deep-sea scrap markets and to negotiate for lower prices, sources told Fastmarkets on Tuesday October 6.The country's steelmakers had booked three deep-sea cargoes at the end of last week, putting the HMS 1&2 (80:20) price at $284 per tonne cfr for European material and at $289 per tonne cfr for Baltic Sea-origin scrap. ...Read More

Fastmarkets proposes to launch a weekly Pakistan import shredded steel scrap index to complement Fastmarkets' existing steel scrap prices in the South Asia region.Fastmarkets proposes to launch a new weekly price index for the Pakistan shredded steel scrap import market following feedback that such an index would be of value to market participants, both by itself and in conjunction with Fastmarket...Read More

Seaborne hard coking coal prices fob Australia dipped day on day on Tuesday October 6 in the run-up to the conclusion of a tender that some market participants say they expect will fetch lower prices.Fastmarkets indices Premium hard coking coal, fob DBCT: $137.46 per tonne, down $0.25 per tonne. Premium hard coking coal, cfr Jingtang: $145.10 per tonne, unchanged. Hard coking coal, fob DBCT: $113....Read More