RAPAPORT... Jewelers of America (JA) has elected Holly Wesche, athird-generation jeweler, to head its board of directors. Wesche, who is the owner of Wesche Jewelers in Florida, willsucceed outgoing chair John Henne, the organization said last week. She waspreviously president of the Florida Jewelers Association, speaker for theJewelers Education Foundation, and vice chair of the Leading...Read More

Turkish steel producers have not made any deep-sea bookings at the start of this week because of soft demand for finished long steel, sources said on Monday August 5.After the mills booked several deep-sea cargoes in the week ending July 26, they have backed out of the market."The mills in Turkey want to sell some [rebar] before resuming their...Read More

More deals have been made in the United States pig iron market at higher prices because of improved market fundamentals, sources told Fastmarkets during the week ended Friday August 2.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $365-368 per tonne on Friday, widening upward from $365 per tonne a week before.Bookings of Ukraine-origin pig iron for September shipme...Read More

Thickened tailings deposition for closureSPONSOREDsrk consultingNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsThe miner was intending to make a construction decision for the project this year and had ap...Read More

Domestic scrap prices in the Turkish market fell slightly over the past week due to weak demand for finished steel, sources said on Monday August 5.Several steel mills in the Izmir region reduced their buy prices for auto bundle scrap by around 20-55 Turkish lira ($4-10) per tonne over the past week.Long steel mill...Read More

Seaborne coking coal prices fell further on Monday August 5 with more cargoes being sold at prices below those achieved last week.Another deal was heard concluded at $161 per tonne fob Australia for a top-ranked brand, the same price as was agreed for a similar cargo on Friday of last week.Another shipment of such product, scheduled for loading at the end of September, was traded at $173 per tonne...Read More

Seaborne iron ore prices tumbled for a second day on Monday August 5 amid pessimistic sentiment generated by China's ongoing trade war with the United States, which picked up in intensity toward the end of last week.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $100.56 per tonne, down $7.17 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $99.06 per...Read More

The 65% Fe iron ore derivative contract offered by the Singapore Exchange (SGX) registered record levels of open interest and monthly traded volumes in July 2019, with the contract seeing participation from a diverse set of physical and financial stakeholders in the iron ore value chain.Open interest for the contract, which is settled on the basis of Fastmarkets' index for iron ore 65% Fe Brazil-o...Read More

The concentrate and pellet segments of the seaborne iron ore market continued to experience lackluster trading last week, which kept prices largely unchanged.ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $120.76 per tonne last Friday August 2, up $1.35 per tonne from a week earlier.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines,...Read More

Sentiment in financial markets continues to weaken following last week’s collapse of US-China trade talks and US president Donald Trump’s latest threat of tariffs on Chinese goods.Equities in Asia tumbled this morning, Monday August 5, and the yuan has dropped below seven to the dollar - the first time since 2008. Weakness in Asian currencies suggests wide-scale market unease. Base...Read More

U.S. equity index futures moved sharply lower this morning. S&P 500 futures were down 44 points in pre-opening trade. Index futures responded to growing tensions between the U.S. and China. China retaliated over the weekend following an increase in tariffs announced by the U.S. on Friday.Other major world equity indices also moved lower. The Nikkei dropped 367 to 20,720, The Shanghai Composite...Read More

The United States will impose additional tariffs on Chinese goods entering the country from the start of September, according to US President Donald Trump, which could hit shipments of metals and minerals from China to the US and suppress commodity consumption in the former.In comments on his Twitter account on Thursday August 1, Trump said that "Trade talks are continuing, and during the talks th...Read More

Key data from the pricing sessions in Asia and Europe for the week ended August 2. ChinaKey drivers The price of antimony MMTA standard-grade II, ddp China, remained flat week on week due to sparse trading activity. Domestic antimony suppliers remained resolute in holding their offer prices firm, citing limited ore material at hand.Some domestic antimony consumers chose to sit on the sidelines aft...Read More

The downward trend in the benchmark cobalt price slowed in July, with some suppliers less eager to compete for sales while spot activity is slow, speculative buying spurs the domestic Chinese metal price and optimism filters through to the cobalt sulfate market.Price move Traders in the international market continued to focus on back-to-back business rather than restock in any meaningful way in Ju...Read More

Spot prices for cobalt metal moved up for the first time since late April on Friday August 2 after recent price declines prompted consumer and trader buying against a backdrop of stronger prices in China. Fastmarkets' benchmark standard-grade cobalt price, in whs Rotterdam rose 1.4% to $12.20-13 per lb on August 2. Prices had moved to $12.10-12.75 per lb on July 31, widening out from $12.30-12.65...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets. Fastmarkets MB prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonne Click here for Fastmarkets' price assessment for the cobalt sulfate, Co 20.5% basis China ex-works, adjustment...Read More

Thickened tailings deposition for closureSPONSOREDsrk consultingNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsANZ, which produces a regular metal commentary called Commodity Call, said in the latest edi...Read More

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SINGAPORE / ACCESSWIRE / August 1, 2019 / Singapore-based fintech GoldFinX has released details in a document for press analysis of its first potential deal, thus kick-starting a steady flow of what should be many more similar initiatives in the 2nd half of 2019.This report highlights its commitmentRead full newsRead More