China's hot-rolled coil prices retreated on Thursday August 15 after trading activity fell for a third day.DomesticEastern China (Shanghai): 3,710-3,720 yuan ($528-529) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,720 yuan per tonne, narrowing downward by 10 yuan per tonneBuying slowed further during the day, with downstream buyers putting up resistance despite mills keeping their...Read More
Junior miner Stornoway Diamond Corp, the owner and operator of the Renard mine in Quebec, has extended the deadline for bid submissions for a buyer or major investor by two months to September 16.This comes as the company, which is relying on bridging finance to operate, has failed to receive an acceptable nonbinding indication of interest by its initial deadline of July 15.AdvertisementStornoway...Read More
RAPAPORT... India's polished-diamond exports slid 18% year on year inJuly, reaching their lowest level since December 2018. The decline reflected aslowdown in the midstream sector as manufacturers struggled to offload excess goods. Rough trading alsodropped significantly, according to data from the Gem & Jewellery ExportPromotion Council. India Trade Data for July 2019Read More
MOSCOW – A 14.83-ct pink gem found and cut by Alrosa is expected to fetch one of the highest prices ever for a diamond when the Russian company puts it up for sale later this year.The oval stone, named The Spirit of the Rose, has been certified by the Gemological Institute of America as fancy vivid purple-pink with excellent clarity, excellent polish and very good symmetry, said Alrosa spoke...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumProtestors are demanding more local employment opportunities and the use of local companies rather than contractors from outside the region, as well as greater social investment and an end to whatRead More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumHaving spent much of the year cautioning that it did not know if Winu would shape up into a Rio-scale project, Rio said drilling at Winu - it is an Aboriginal word meaning thirsty - is focused onRead More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe Vancouver-based outfit has had an eventful year to date, completing a third year of exploration in collaboration with strategic funding partner Japan Oil, Gas and Metals National CorporationRead More
A lack of activity combined with pessimism and weak iron ore prices to leave export prices for pig iron from the Commonwealth of Independent States (CIS) unchanged in the week to Thursday August 15.Fastmarkets' weekly price assessment for high-manganese pig iron export, fob main port Black Sea, CIS, stayed at at $335-343 per tonne on Thursday."Italy is [at the height of the] vacation season,...Read More
Domestic prices for ferrous scrap in Italy have declined over the past month due to seasonally weak demand, sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill Italy was ?,?230-245 ($257-273) per tonne on August 14, compared with ?,?240-255 per tonne in the middle of July.Demand for ferrous...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transactions: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 62% Fe Brazilian Blend fines, sold at the September average of Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao, and another 62%...Read More
The retreat in seaborne iron ore prices resumed on Thursday August 15 following losses in derivatives markets while premiums continued to soften for index-linked cargoes. Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $88.44 per tonne, down by $2.28 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $86.94 per tonne, down by $2.28 per tonne. Fastmarkets...Read More
The seaborne coking coal market was steady on Thursday August 14, with market participants taking a wait-and-see approach amid this month's general decline in prices.A cargo of premium low-vol hard coking coal was heard offered at $168 per tonne cfr China while another shipment of similar materials was heard to have changed hands at around $169 per tonne cfr China.The transaction was not corrobora...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices) By Eric Onstad LONDON, Aug 15 (Reuters) - Copper slipped on Thursday afterChina said it would hit back against additional U.S. tariffs,fuelling fears over global growth and metals demand.Some other industrial metals, however, clawed higher in thinvolumes as investors closed out bearish positions. China has to take necessary counter-measur...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
Domestic stainless steel prices in China edged up further over the past week despite the European Union initiation of an anti-dumping investigation on products from the country and two other territories.Fastmarkets' price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 15,100-15,500 yuan ($2,148-2,205) per tonne includi...Read More
Equity index futures moved higher this morning. S&P 500 futures were up 9 points in pre-opening trade. Index futures responded overnight to Wal-Mart's second quarter report.Index futures moved higher following release of economic data at 8:30 AM EDT. Consensus for Weekly Initial Jobless Claims was an increase to 214,000 from 209,000 last week. Actual was 220,000. Consensus for July Retail Sale...Read More
International inquiries for cobalt metal from China picked up quickly over the past week after the premium that the Chinese metal price holds against the European price narrowed sharply on Wednesday August 14.Fastmarkets assessed the price of cobalt 99.8% Co min, exw China at 270,000-280,000 yuan per tonne ($15.39-15.96 per lb, excluding China value-added tax) on Wednesday, down by 2.1% from 276,0...Read More
Southwestern China's Kunming Intermediate People's Court will auction for all of the 18,661 tonnes of antimony ingots held by the collapsed Fanya Metal Exchange in late August, according to an official notice seen by Fastmarkets on Thursday August 15.The antimony ingots - equivalent to about two months of global output - will be put up for auction from 10am Beijing time on August 31 until 10am on...Read More
Sellers successfully raised their spot offers for cobalt metal in the first half of this week against trader position taking and modest consumer restocking in anticipation of higher prices in the coming weeks. Fastmarkets assessed the price for cobalt standard grade, in-whs Rotterdam at $14.65-15.70 per lb on Wednesday August 14, up by 11% compared with last Friday's assessment of $13.05-14.30 per...Read More
Reed Maxwell, Rowlinson Professor of Hydrology at Colorado School of Mines, has been elected as a fellow of the American Geophysical Union.An honor given to no more than 0.1 percent of AGU's total global membership every year, AGU Fellowship recognizes AGU members who have made exceptional contributions to Earth and space sciences as valued by their peers and vetted by a committee of fellows.Speci...Read More