The International Gemological Institute (IGI) has appointed Avi Levy to serve as the new president of IGI North America. Avi succeeds seasoned industry veteran Jerry Ehrenwald, GG, ASA, who has served as IGI North America president and CEO since 1991. With 30 years of fine jewelry-related expertise, "Levy brings valuable experience to the Institute including diamond sourcing, manufacturing, produc...Read More

PERTH (miningweekly.com) – Diamond miner Lucapa has reported record monthly production from both the Lulo and Mothae diamond mines, in Angola and Lesotho respectively.The Lulo mine produced 3 180 ct in August, while the Mothae operation recovered a record 2 911 ct in the same year.AdvertisementLucapa on Tuesday also reported a consolidated net profit after tax of $1.1-million for the six mon...Read More

Four renowned gem labs will be offering their services to exhibitors and buyers during the upcoming Hong Kong Gem & Jewellery Fair later this month. HRD Antwerp NV promises "super fast service" to those submitting their diamonds for grading and sealing at its booth before 12 P.M. Clients doing so will see them returned the next day. HRD Antwerp's booth is AWE - 5B18 at the AsiaWorld-Expo...Read More

Lucapa reported that it had "delivered on key development and operational goals at the Mothae and Lulo diamond mines" during the first half of 2019. The junior diamond miner reported a consolidated net profit after tax of US$1.1 million, opposite a US$4.3 million loss in the first half of 2018. "This result was achieved during a challenging period for many diamond miners globally, particularly th...Read More

In an interview published by the South China Morning Post, Victoire de Castellane, chief of jewelry at the French fashion, jewelry and luxury house of Dior, said that "precious gems will get terribly expensive and maybe we'll find something different and start using other materials," she says. "But I'm conflicted about lab-grown diamonds, because if you can make a lot of them, how is it...Read More

US ferrous scrap exporters have conceded that the global and domestic scrap markets are under pressure and have continued to sell cargoes at deeper discounts.Two East Coast deals to Turkey have been concluded at lower prices this week.One East Coast exporter sold a 30,000-tonne cargo on Tuesday September 3, priced at $261 per tonne cfr for 17,5000 tonnes of an 90:10 mix of No1 and No2 heavy meltin...Read More

The US stainless steel scrap market is in a state of flux as market participants try to digest nickel's recent rally.The LME's cash nickel contract closed the official session at $17,910 per tonne ($8.12 per lb) on Wednesday September 4, up 11.8% from $16,025 per tonne ($7.27 per lb) a week ago. The contract jumped sharply, by $2,280 per tonne ($1.03 per lb), between Thurs...Read More

Turkish steel producers have bought several deep sea cargoes from various locations at heavily reduced prices, sources told Fastmarkets on Wednesday September 4.There were three confirmed cargoes today - two from the United States and another from the United Kingdom.A steel mill in the Marmara region purchased a UK cargo comprising 18,000 tonnes of HMS 1&2 (80:20) at $250 per tonne cfr. This compa...Read More

Seaborne iron ore prices pushed up on Wednesday September 4 after looser production restrictions were confirmed for steelmakers in Tangshan.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $91.32 per tonne, up $2.18 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $91.71 per tonne, up $2.18 per tonne.62% Fe low-alumina fines, cfr Qingdao: $89.10 per tonne, up $2.30 per tonne...Read More

While lack of progress on United States-China trade talks remains ever present, the potential removal of the logjam over Hong Kong seems to be providing some cheer across markets.Europe, Japan and the US are now suffering manufacturing contraction, but there are early signs that parts of China’s economy are starting to recover. Following a rebound in the Caixin manufacturing purchasing m...Read More

Seaborne coking coal prices were largely stable on Wednesday September 4, with Chinese end users continuing to procure top-quality Australian materials.Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.27 per tonne, down $0.12 per tonne Premium hard coking coal, cfr Jingtang: $169.34 per tonne, up $1.37 per tonneHard coking coal, fob DBCT: $134.01 per tonne, unchangedHard coking coal, cf...Read More

The somber trading sentiment in Asia is turning exceedingly bearish, with ferrous scrap prices plunging to levels not seen for years, market sources told Fastmarkets."It's gloom and doom all over the place. No one has anything good to say about the ferrous scrap markets at this point in time," a trading manager in Singapore told Fastmarkets.Several of the key price points in Asia have shown sharp...Read More

U.S. equity index futures moved higher this morning. S&P 500 futures were up 25 points in pre-opening trade. Index futures responded to news that the extradition bill in Hong Kong has been withdrawn. The Hang Seng Index gained 3.9% in overnight trade. Index futures were virtually unchanged following release of the July U.S. Trade Deficit at 8:30 AM EDT. Consensus was a deficit of $53.50 billio...Read More

Hot-rolled coil prices in eastern China gained more strength on Wednesday September 4, while those in the northern region fell amid thin trading.DomesticEastern China (Shanghai): 3,670-3,690 yuan ($511-514) per tonne, up 20 yuan per tonneNorthern China (Tangshan): 3,630-3,640 yuan per tonne, down 10 yuan per tonneIn Shanghai, spot prices rose after mills raised their offers in the morning amid gai...Read More

China's domestic rebar prices moved up slightly on Wednesday September 4 on increased buying activity amid a strengthening of the futures market.Domestic Eastern China (Shanghai): 3,630-3,660 yuan ($507-511) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,600-3,630 yuan per tonne, widened upward by 10 yuan per tonneRebar futures experienced a strong morning and rose to a high of 3,443 y...Read More

While lack of progress on United States-China trade talks remains ever present, the potential removal of the logjam over Hong Kong seems to be providing some cheer across markets.Europe, Japan and the US are now suffering manufacturing contraction, but there are early signs that parts of China's economy are starting to recover. Following a rebound in the Caixin manufacturing purchasing managers' i...Read More

After a period of correction that lasted for about three weeks, the price for Chinese cobalt metal has been given fresh strength by rising raw materials costs and tightened spot supply.Fastmarkets' price assessment for cobalt, 99.8% Co min, ex-works China, was 265,000-285,000 yuan per tonne (equivalent to $14.83-15.95 per lb, minus China VAT) on Wednesday September 4. This was up by 2.2% from 258,...Read More

An overview of the minor metals markets and their latest price moves.Read More

Cobalt trade log including business, bids and offers reported to Fastmarkets. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lbClick here...Read More

The following Fastmarkets minor metals prices changed on Wednesday September 4:Minor metalsAntimony max 100ppm Bi, in-whs Rotterdam $/tonne: $5,700-5,900 per tonne from $5,750-5,950Antimony MMTA standard grade II, in-whs Rotterdam, $/tonne: $5,700-5,900 per tonne from $5,700-5,950Antimony MMTA standard grade II, ddp...Read More