RAPAPORT... Dominion Diamond Mines has appointed Rachel Aaron to oversee its marketing operations, including the promotion and development of its CanadaMark brand. As director of marketing, Aaron will be tasked with building and nurturing client relations, as well asenhancing the company's social-media profile. She previously worked at jewelry and retail companies. "Rachel joins Dominion at an exc...Read More
Chinese ferrous futures mostly increased during morning trading on Tuesday May 8, with the exception of the coking coal and coke contracts, which fell slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,658 yuan ($575) per tonne, up 3 yuan per tonneOctober hot-rolled coil: 3,752 yuan per tonne, up 10 yuan per tonneDalian Commodity Exchange September iron or...Read More
The company revealed high-grade intercepts, including 44m at 5.37g/t gold from 99m, about 40m below the base of the previously planned openpit at the Kunche deposit.Its shares were up more than 56% in afternoon trade at 3.6c.Meanwhile, the gold price continues to hover around the US$1,313 per ounce mark and in the US, gold major Newmont Mining (NYSE:NEM) managed a slight gain yesterday of 0.5...Read More
SHANGHAI, May 8 (SMM) –Copper: The strong US dollar suppressed copper prices overnight. The SHFE 1807 contract fell to a low of 51,220 yuan/mt from open at 51,630 yuan/mt and closed at 51,250 yuan/mt. SHFE copper now struggles among moving averages with support from the 40-day moving average. We expect the SHFE 1807 contract to trade at 51,150-51,600 yuan/mt today with LME copper at $6,820-6...Read More
RAPAPORT... A synthetics manufacturer has partnered with WarrenBuffett-owned jewelry retailer Borsheims to unveil what it claimed was thelargest pink lab-grown diamond in the world. ALTR Created Diamonds unveiled the Asscher-cut, 3.99-carat,fancy orangey-pink, VS2-clarity stone last week to mark the start of the 2018Berkshire Hathaway Shareholders Weekend, an annual gathering for investors inBuffe...Read More
Global steel slab prices decreased in April, but trading remained weak in all regions due to poor demand and uncertainty about how the market will develop after the Section 232 trade investigation in the United States.Southeast AsiaIn Southeast Asia, slab offers started to come down early in May, but market participants believe that the current prices are still high.Despite lower offers, no large...Read More
According to Thomson Reuters' GFMS Gold Survey 2018, jewellery fabrication rose 13% on the year to 2,214t, mainly due to a 58% increase in demand from India as the market stocked up before the good and service tax is implemented mid-year.Read More
RAPAPORT... The Dubai Diamond Exchange (DDE) has elected a new board of directors,featuring a range of professionals from across the industry, the bourse saidMonday. New members include Amit Dhamani, CEO of Dhamani Jewels;Davy Blommaert, the diamond-and-metals chief at the National Bank of Fujairah;and Gautam Sashittal, CEO of the Dubai Multi Commodities Centre (DMCC). AhmedBin Sulayem will contin...Read More
Eastern China's domestic rebar prices maintained their downward trend on Tuesday May 8 due to softer demand, while in northern China prices were flat in stable trading.Domestic Eastern China (Shanghai)): 3,980-4,030 yuan ($625-633) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,890-3,940 yuan per tonne, unchangedIn eastern China, demand decreased for a second day because end use...Read More
It produced 824,000 ounces of gold during the three-month period, down 0.7% year-on-year, although all-in sustaining costs dropped 3% on the year to US$1,029 per ounce.Read More
The 25.97-carat rough "ÄRE Emerald" is among 850 carats of "high quality gemstones" recovered in 214 tons of material extracted to date. That material yielded 1,831 carats of rough emeralds in total, according to Fura, which wants to sample 30,000t over the balance of the year."Work has also already commenced on the maiden mineral resource at Coscuez, and we are hoping to have this completed...Read More
Chinese ferrous futures mostly increased during morning trading on Tuesday May 8, with the exception of the coking coal and coke contracts, which fell slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,658 yuan ($575) per tonne, up 3 yuan per tonneOctober hot-rolled coil: 3,752 yuan per tonne, up 10 yuan per tonneDalian Commodity Exchange September iron or...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade. First quarter reports continue to pour in. Reporting companies since yesterday's close included AMC Entertainment, Crocs, Dean Foods, Discovery, Dish, George Weston, Hertz, Jacobs Engineering, Mosaic, Nutrien, SeaWorld, Valeant, WestJet and Zillow.The Canadian Dollar was virtually unchan...Read More
SHANGHAI, May 8 (SMM) – Nonferrous metals futures rose for the most part on Tuesday May 8 but at slower rates from the previous day. SHFE zinc led the gains with an increase of 1.34%, lead grew over 1% and aluminium and copper inched up. Nickel fell from highs to close nearly 1% higher. Tin dipped nearly 0.9% from Monday.The ferrous complex saw mixed&n...Read More
SHANGHAI, May 8 (SMM) – Nonferrous metals futures rose for the most part on Tuesday May 8 but at slower rates from the previous day. SHFE zinc led the gains with an increase of 1.34%, lead grew over 1% and aluminium and copper inched up. Nickel fell from highs to close nearly 1% higher. Tin dipped nearly 0.9% from Monday.The ferrous complex saw mixed&n...Read More
Chinese ferro-vanadium and vanadium pentoxide (V2O5) offers softened on limited export activity this past week, while the European markets were stagnant on a lack of spot market demand. Chinese vanadium export activity limited, offering prices slideEuropean vanadium markets inactive, prices flat US ferro-vanadium spot market activity picks up, prices narrow The Chinese ferro-vanadium export market...Read More
SHANGHAI, May 8 (SMM) – Nonferrous metals futures rose for the most part on Tuesday May 8 but at slower rates from the previous day. SHFE zinc led the gains with an increase of 1.34%, lead grew over 1% and aluminium and copper inched up. Nickel fell from highs to close nearly 1% higher. Tin dipped nearly 0.9% from Monday.The ferrous complex saw mixed&n...Read More
Chinese ferro-silicon prices were stable last week, but shortened supply and more active trading suggest an uptick in pricing ahead. Chinese domestic market sees active trading, short supplyEuropean prices slide on thin trading activity US spot market stable amid spot inactivity Chinese domestic ferro-silicon market supported by tight supplyChinese domestic ferro-silicon prices were stable last we...Read More
SHANGHAI, May 8 (SMM) – China’s imports of unwrought copper and copper products rose 46% year on year in April as demand for refined copper was bolstered by tighter supplies of copper scrap imports, SMM believed.China imported 439,000 mt of unwrought copper and copper products in April, flat from March, according to data from China Customs. Imports of unwrought copper and cop...Read More
SHANGHAI, May 8 (SMM) –Copper: The strong US dollar suppressed copper prices overnight. The SHFE 1807 contract fell to a low of 51,220 yuan/mt from open at 51,630 yuan/mt and closed at 51,250 yuan/mt. SHFE copper now struggles among moving averages with support from the 40-day moving average. We expect the SHFE 1807 contract to trade at 51,150-51,600 yuan/mt today with LME copper at $6,820-6...Read More