Metal Bulletin has today corrected its assessment for the Turkey rebar export market.Metal Bulletin has corrected its Turkey export rebar assessment, which was published incorrectly on June 21 due to a technical error.The published assessment was $540-566 per tonne fob on actual weight basis and was corrected to $540-550 per tonne fob. Metal Bulletin's price book and database have been updated to...Read More

RAPAPORT... India saw its best May for polished-diamond exports in seven years, with shipments growing 8% year on year to $2.21 billion. That mainlyreflects a 27% jump in the average price, which came to $775 per carat. Themonth's figures include goods shipped to the US for the Las Vegas trade showsin the first week of June.India Diamond Trade Data for May 2018 $ Millions unless stated otherwiseRead More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBillet CIS, export, billet, traded at...Read More

Imported steel billet prices in Egypt rose this week but domestic rebar prices remained unchanged, sources told Metal Bulletin on Thursday June 21. Metal Bulletin's weekly price assessment for domestic rebar in Egypt on June 21 was unchanged at E ?12,525-12,528 ($700) per tonne ex-works. The country's major rebar producer, Ezz...Read More

Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.This week:AdvertisementDe Beers concludes R600m transport empowerment deal at Venetia diamond mineAnd, Mandela Mining Precinct partner boasts simulation capabilities, serves as ‘test-bed’ for Mining 4.0 technologiesAdvertisementDe Beers C...Read More

Domestic prices for heavy steel plate have been under pressure from weak demand, sources told Metal Bulletin.Trading activity has been slow because buyers have sufficient stocks of material, market sources said."Buyers have enough material and don't need to re-stock ahead of the traditionally slow, second half of summer," one trader said.Metal Bulletin's price assessment for domestic grade-S235JR...Read More

Zimbabwe could become a major producer of high-grade chrome ore, according to South African miner Tharisa, which just announced two acquisitions in the country. Tharisa acquired a 26.8% stake in Karo Mining Holding, a platinum group metals (PGM) and base metals project in Zimbabwe, which could lead to new future chrome and PGM projects, it said last week. In May, it announced it had acquired a 90%...Read More

Pig iron exporters from the Commonwealth of Independent States (CIS) have logged four consecutive weeks without large bookings from the key outlets of the United States and Italy, market sources told Metal Bulletin."Buyers from the United States, [which is the largest global pig iron importer,] purchased a lot last month, that is why now they are not in [a] hurry to buy," a pig iron exporter said....Read More

Trading activity in the physical iron ore market was lackluster on Thursday June 21 with prices staying rangebound.Metal Bulletin 62% Fe Iron Ore Index: $64.88 per tonne cfr Qingdao, down $0.61 per tonneMetal Bulletin 58% Fe Premium Index: $53.58 per tonne cfr Qingdao, down $0.03 per tonneMetal Bulletin 65% Fe Iron Ore Index: $87.70 per tonne cfr Qingdao, down $0.60 per tonneMetal Bulletin 62% Fe...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 transaction: iron oreIron oreRio Tinto, tender, 190,000 tonnes of 61% Fe Pilbara...Read More

The seaborne coking coal market remained deadlocked on Thursday June 21, with end-user sources in China saying that they saw few factors that might provide more upside to prices.A coke plant source in Tangshan pointed out that coking coal inventory levels were high at the moment amid a lot of uncertainties in the market. "We need some time to digest all these factors before making our next procure...Read More

Chinese ferrous futures were mixed during morning trading on Thursday June 21, with the rebar and hot-rolled coil contracts recording slight decreases while those for steelmaking raw materials edged up.Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 3,812 yuan ($589) per tonne, down 5 yuan per tonneOctober hot-rolled coil: 3,902 yuan per tonne, down 4 yuan per tonn...Read More

Pre-opening Comments for Thursday June 21stU.S. equity index futures were lower this morning. S&P 500 futures were down 2 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was 221,000 versus revised 221,000 last week. Actual was 218,000. Consensus for June Philly Fed Index was a slip to 28....Read More

China's domestic rebar market on Thursday June 21 recovered the losses experienced a day earlier after a major mill issued higher list prices. Domestic Eastern China (Shanghai): 4,120-4,160 yuan ($636-642) per tonne, up 10-20 yuan per tonne Northern China (Beijing): 3,900-3,950 yuan per tonne, up 20-30 yuan per tonne Major rebar producer Shagang raised its selling price for rebar by 100 yuan per t...Read More

Selenium prices continued to fall this week in Europe dropping by more than 6% amid weakening demand and increasing spot availability, market sources told Metal Bulletin. And worries over demand from Tianyuan Ningxia Manganese Industry Co (Ningxia Tianyuan) - the world's leading manganese flake producer and biggest selenium dioxide consumer - also continued to weigh on sentiment in the selenium ma...Read More

Three-month base metals prices on the London Metal Exchange were for the most part weaker on the morning of Thursday June 21, with the complex down by an average of 0.2%. Nickel, up by 0.3% at $15,000 per tonne, was the exception. Copper was off by 0.3% at $6,797 per tonne.Volume has been high with 10,539 lots traded as at 7.15am London time.This morning's general weakness follows a more divergent...Read More

Emerging-market debt crises are as predictable as spring rain. They happen every 15-20 years, with a few variations and exceptions.In recent decades, the first crisis in this series was the Latin American debt crisis of 1982-85. The combination of inflation and a commodity price boom in the late 1970s had given a huge boost to economies such as Brazil, Argentina, Chile, Mexico and many others, inc...Read More

The supply of homes for sale in the United States is near record lows.This is the hangover from the collapse of the greatest housing bubble in history.The business cycle has prevailed and one extreme has led to another.As intelligent investors, these opportunities are ours to exploit. So today, let’s do just that...Data now shows that the inventory of existing houses for sale has now decline...Read More

East Asia's stainless steel market was relatively steady over the past week due to stagnant demand, with some buyers and sellers waiting on the sidelines for a clearer price trend to emerge.Metal Bulletin's price assessment for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,240-2,300 per tonne cif East Asian ports for the week ended Wednesday June 20, down $10-30 per tonne from a week...Read More

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/CALGARY, June 21, 2018 /CNW/ – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV: PRZ) (OTCQB: PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce amended terms for its recently announced (see press release on May 9, 2018) non-brokered private placement (t...Read More