Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday June 5.Lead prices on the Shanghai Futures Exchange outperformed during Asian morning trading on Tuesday, supported by low inventory levels and supply-side concerns.Meanwhile, copper prices continued their recent run of strength, albeit at a slower pace, after trading activity thinned...Read More

(IDEX Online) - Some 38 Indian gem and jewelry exporters participated in the JCK Show Las Vegas in the India Pavilion organized by the Gem & Jewellery Export Promotion Council (GJEPC). It is the 15th consecutive year that the trade body has organized an India Pavilion.   GJEPC Chairman Pramod Agrawal, said, "The USA is an important market for the Indian gem and jewelry industry. India's...Read More

RAPAPORT... The Diamond Producers Association (DPA) is planning a campaign focused on boosting demand among female self-purchasers. "We've started the creative process with the idea of expanding the territory of our Real is Rare campaign," CEO Jean-Marc Lieberherr told Rapaport News at the JCK Las Vegas show. The DPA, which runs category marketing on behalf of the diamond industry, launched its Re...Read More

(IDEX Online) - Barbara Wheat, President of the Asian Institute of Gemological Sciences (AIGS), part of the Ho Group of Companies, will relocate to the United States in June to take on a new role as Vice President of International Relations & Business Development for the Ho Group.   "As much as I have enjoyed my role with AIGS, I am looking forward to representing the Ho Group of Companie...Read More

RAPAPORT... Zimbabwe's rough-diamond production will more than triple to11 million carats in 2025, according to the nation's state-owned miningoperation. Output will grow at an average of 21% per year from 3million carats in 2018, a spokesperson for the Zimbabwe Consolidated Diamond Company(ZCDC) told Rapaport News Monday. "This growth is anchored on investment of around $400million across the en...Read More

Lead prices on the Shanghai Futures Exchange outperformed during Asian morning trading on Tuesday June 5, supported by low inventory levels and supply-side concerns. The most-traded July lead contract price on the SHFE rose to 20,425 yuan ($3,185) per tonne as at 10am Shanghai time, up 540 yuan per tonne from Monday's closing price.Stringent environmental regulations in China that came into effect...Read More

RAPAPORT... Royal Asscher has opened its first Amsterdam boutique inpartnership with luxury retailer Schapp Citroen, the diamondcompany said Monday. The store - in the PC Hooftstraat shopping area - hastwo floors featuring the brand's diamond-jewelry collections, as well as stonesin the Amsterdam-based company's Royal Asscher and Royal Asscher Brilliant cuts. "Royal Asscher has always played an im...Read More

If you are in the mineral exploration business you'll likely remember the buzz created by Graham Heinson's "Fingers of God" cross-section of crust in the Olympic Dam province. His magnetotelluric (MT) work revealed slender, conductive fingers of crust swirling up from the mantle to beneath Olympic Dam, Wirrda Well and two other locations coinciding with known mineralisation.Read More

TSX-V-listed Tsodilo Resources has delivered the first two parcels of diamonds from its BK16 kimberlite project, in the Orapa Kimberlite Field, in Botswana, to Lucara Diamond’s acid cleaning laboratory, in Gaborone, for cleaning.The parcels comprise 101 diamonds weighing 18.57 ct and 130 diamonds weighing 17.79 ct.AdvertisementThe diamonds will be stored at secured facilities located at the...Read More

Turkey imported 703,977 tonnes of flat steel in April 2018, according to a statement by the Turkish Statistical Institute (TUIK) on Monday June 4.This was up by 12.24% from the corresponding month in 2017, when 627,186 tonnes arrived in the country.Demand for flat steel is not strong in Turkey, because of the weakness of the country's lira and the current political uncertainty created by the calli...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil (HRC), cold-rolled coil (CRC), hot-dipped galvanized coil (HDG), pre-painted galvanized iron (PPGI), steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coil India, export, hot-rolled coil (2mm), offered at $625-630 per tonne cfr, to the UAE. India, export, hot-rolled coil (...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar Oman, export, rebar, offered at $615-625 per tonne cfr on theoretical...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet Iran, export, billet,...Read More

The European Commission (EC) may impose preliminary measures in its safeguard case into imported steel products as early as July this year, market sources have told Metal Bulletin.The full investigation, however, will take as long as nine months to complete."The Commission has nine months to decide whether safeguard measures will be necessary. [But] this decision could be taken much earlier in the...Read More

The EU has ended its anti-dumping investigation into ferro-silicon imports from Egypt and the Ukraine, according to a statement on the European Commission's website on Tuesday June 5.The Commission said the investigation had been terminated after the complainant, industry body Euroalliages, withdrew its complaint by email on February 27. Euroalliages had lodged a complaint with the EU on June 19,...Read More

The latest metal markets news and price moves to start the North American day on Tuesday June 5. All base metals prices on the London Metal Exchange recorded positive moves up during morning trading, with zinc's three-month price leading the complex higher amid a weaker US dollar index.The zinc price climbed 1.4% to reach a high of $3,175 per tonne over the morning. Sister-metal lead was trading i...Read More

The Chinese domestic ferro-silicon market continued to strengthen after environmental regulators in the country enforced production cuts, while the US and European markets were largely stable amid thin trading activity. China domestic market bolstered by enforced cutbacks European FeSi market stabilizes amid quiet spot demand US spot market firms on elevated replacement costs Chinese domestic pric...Read More

Chinese ferro-vanadium exporters held their offer prices steady amid increased buying interest, while European ferro-vanadium prices continued their ascent on supply concerns. Chinese ferro-vanadium prices stabilized amid spike in trading buying interest  European ferro-vanadium prices continue rebound on thinning available inventories  US ferro-vanadium market slightly softer on sluggi...Read More

Chinese tungsten concentrate and ammonium paratungstate prices continued to be bolstered by supply constraints imposed by environmental crackdowns, while there was limited activity in the European tungsten market in the week to Friday June 1. Chinese APT, concentrate prices boosted by supply constraints  European APT prices hold firm on tight supply  European ferro-tungsten market conti...Read More

Manganese ore prices stabilized in China for the first time in several weeks after reclaiming some losses a week ago. Ore prices stable in China after brief rebound Chinese silico-manganese prices rise on higher offers Indian silico-manganese prices stabilize after weeks of decline European alloy prices steady Ferro-manganese prices drop in US, while silico-manganese edges up Manganese ore prices...Read More