(IDEX Online) - JCK Las Vegas, the biggest jewelry show in North America, has been postponed.Organizers say it's a "precautionary measure" to prevent the spread of the coronavirus.Two weeks ago, they announced that the event, which attracts over 30,000 of the world's most influential industry professionals, would be taking place as planned from 2 to 5 June at the Sands Expo & Convent...Read More
Hot-rolled coil prices have continued to decline in the United States due to muted buying activity and concerns stemming from the novel coronavirus (2019-nCoV) outbreak.Fastmarkets' daily steel hot-rolled index, fob mill US was calculated at $28.23 per hundredweight ($564.60 per short ton) on Wednesday March 18, down by 1% ($0.29 per cwt) from $28.52 per cwt on Tuesday March 17 and...Read More
ASX-listed Lucapa Diamonds has recovered a top-quality 64 ct D-colour Type Ila diamond at the Mothae project, in Lesotho.The 64 ct diamond is the twelfth diamond larger than 50 ct recovered at the mine since commercial production started in January 2019.AdvertisementThis recovery “underlines Mothae’s status as a source of large and premium-value diamonds,” Lucapa said in a releas...Read More
Canada’s Mountain Province Diamonds said on Tuesday that its current sale had been postponed until further notice, as a result of the city-wide closures taking effect in Antwerp, Belgium this week.The sale is the company’s third diamond sale of the year. Mountain Province cautioned that, depending on the length of the closure period imposed, future sales could also be impacted.Advertis...Read More
De Beers, already grappling with a prolonged industry crisis exacerbated by the coronavirus outbreak, now has another headache to contend with: how to conduct diamond sales when key customers are blocked from traveling?Botswana, where De Beers conducts its 10 sales each year, on Monday announced a travel ban on 18 high-risk countries as part of an array of measures to protect itself from the pande...Read More
Prices for hollow steel sections in Europe were unchanged this week despite a slowdown in trading while the 2019-nCoV coronavirus spread across the region, sources told Fastmarkets on Wednesday March 18.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?600-630 ($664-697) per tonne on Wednesday, unchanged week on week."It's becoming more a...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesMICROMINE STRENGTHENS DATA MANAGEMENT SOLUTION WITH Geobank 2020SPONSOREDmicromineMilitary personnel have been deployed in capital Lima to shut major roads, while police are restricting...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe country is one of many jurisdictions to declare a state of emergency due to the spread of COVID-19.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe ratings agency research arm suggested technology and productivity advances could effectively combat long-term cost increases from declining average grades, and higher material movement requirements, to maintain output rates at some mines.New projects in Australia and the Americas (and, potentially, Africa) could lift mine...Read More
The United States' ferrous scrap export market faces negative pressure after a Canadian sale to Turkey at a steep drop, while East Coast docks begin an aggressive plan to lower buying prices more frequently than weekly and West Coast docks starve for material due to inbound flows halting in some areas. A Canadian exporter sold a cargo on Wednesday March 18 that includes a 90:10 mix of No1 and No2...Read More
Turkish steel producers resumed their deep-sea scrap bookings for April shipment cargoes with prices down sharply, sources said on Wednesday March 18.A steel mill in the Marmara region booked a Canadian cargo, comprising 18,000 tonnes of HMS 1&2 (90:10), 20,000 tonnes of shredded and 12,000 tonnes of plate and structural (P&S) scrap at an average price of $255 per tonne cfr.Market sources cal...Read More
Despite massive rescue packages announced by governments around the world, equity indices are still falling - as are most of the base metals - this morning, Wednesday March 18.But we are starting to production halts emerge in the metals, so both the demand and supply sides of the supply/demand equation are now likely to be reined in. Although with economic activity in Europe slowing, demand is lik...Read More
Reductions to shipping and port fees comprise the latest weapon for Chinese steel exporters amid their country's efforts to cushion the effects of the 2019-nCoV coronavirus outbreak.China has halved the oil pollution compensation fees and canceled port construction charges for all vessels entering or leaving the country, in a move to soothe the economy further, the state council announced on Monda...Read More
Japanese export prices for ferrous scrap have fallen for the third consecutive week, with market conditions expected to deteriorate further in the short term, trading sources told Fastmarkets on Wednesday March 18.Fastmarkets' price assessment for steel scrap H2 export, fob main port Japan, settled at ?22,000-22,500 ($206-210) per tonne on Wednesday, down by ?500 per tonne week on week from last...Read More
Seaborne coking coal prices were stable on Wednesday March 18, with trading activity muted.Fastmarkets indicesPremium hard coking coal, fob DBCT: $163.91 per tonne, up $0.17 per tonnePremium hard coking coal, cfr Jingtang: $166.77 per tonne, down $0.93 per tonneHard coking coal, fob DBCT: $145.01 per tonne, down $1 per tonneHard coking coal, cfr Jingtang: $152.50 per...Read More
Seaborne iron ore prices were up on Wednesday March 18, with Brazilian-origin high-grade fines finding traction among buyers in China.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $91.71 per tonne, up $0.51 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $93.20 per tonne, up $0.81 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $80.43 per tonne, up 0.64 per ton...Read More
Operations at Vale's iron ore distribution and blending center at the Teluk Rubiah Maritime Terminal in Malaysia, could be suspended until March 31, market sources told Fastmarkets on Wednesday March 18. The miner confirmed the news late in the evening in Singapore."Vale could temporarily halt, starting on Saturday, its distribution center in Malaysia until March 31. Vale is communicating with the...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were limit down 92 points in pre-opening trade. Investors responded to news that COVID 19 infections in the world exceeded 200,000.Early weakness partially was prompted by a $19.64 drop in Boeing to $104.50. Index futures were unchanged following release of February Housing Starts at 8:30 AM EDT. Consensus was a decrease to 1.5...Read More
Nickel briquette premiums fall in the United States on declining spot demand, while all Chinese premiums rose on better arbitrage opportunities and European premiums were flat amid little trade in the week to Tuesday March 17.US briquette premiums slip while the World Health Organization declared Covid-19 a global pandemic on Wednesday March 10.Premiums rise in China, where the novel coronavirus (...Read More
Global zinc and lead premiums held firm in the week to Tuesday March 17 following the dent to physical appetites stemming from the global spread of novel coronavirus (2019-nCoV) while Asian markets began a partial recovery.Partial restarts in China enlivened spot demand for material, but this is yet to manifest in regional zinc and lead premiums.Automaker shutdowns have dented US' zinc and lead de...Read More