China's rebar prices continued to experience big decreases in both the domestic and export markets on Monday March 26 following a sharp drop in the price of billet over the weekend. Domestic Eastern China (Shanghai): 3,410-3,500 yuan ($540-554) per tonne, down 80-90 yuan per tonne Northern China (Beijing): 3,630-3,670 yuan per tonne, down 110-120 yuan per tonne Since late last Friday, the price of...Read More
SHANGHAI, March 26 (SMM) -Read More
CENTENNIAL, Colo., March 26, 2018 - Westwater Resources, Inc. (Nasdaq: WWR) ("WWR" or "Westwater") is pleased to announce that, on March 23, 2018, the Supreme Court of the State of Texas issued a unanimous (8-0) decision favorable to Westwater in its long-running lawsuit between a Westwater subsidiary, URI, Inc., and Kleberg County, Texas. The lawsuit involved a post-mining restoration standard,...Read More
The KSK property hosts the flagship BKM copper project, which is currently the subject of a feasibility study to be completed in mid-2018. Read More
China's steel futures fell during morning trading on Monday March 26, while raw materials contracts ended the session largely unchanged from their opening prices. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,369 yuan ($533) per tonne, down 16 yuan per tonne May hot-rolled coil: 3,507 yuan per tonne, down 57 yuan per tonne Dalian Commodity Exchange May iron ore: 4...Read More
The placement includes 56.15 million common shares at a price of C$0.80 per share.Read More
RAPAPORT... On the heels of the alleged $2 billion Nirav Modi fraud, theRapaport Diamond Podcast has taken a close look at industry corruption.In the show's fourth episode, "Fraud, Corruption and theRed Carpet," the Rapaport editorial team talks about why diamonds areattractive to swindlers, and what the trade can do to improve its image. Also,guest interviewee Donald Palmieri of the Gem Certifica...Read More
- London house prices falling at fastest pace since 2009- Values fell by 2.6% in year through January- London house prices likely to be weakest in UK over next five years - Inflated prices make London property more exposed to economic and political shocks- Worries over house prices are having a knock-on effect in wider economy- Physical gold to act as much needed hedge against falling property...Read More
SHANGHAI, Mar 26 (SMM) – After it was forecast that Tangshan's air pollution is likely to reach the orange level, the city activated its emergency level ?...? response to heavy air pollution at 20:00 on March 25 until further notice, SMM learned.An orange-level alert is the second-highest in China’s four-level air pollution warning system. An orange-level alert indicates that...Read More
VANCOUVER (miningweekly.com) – Quebec diamond producer Stornoway Diamond Corp has swung to a 2017 net loss of $114.6-million, from net income of $19.6-million in 2016, the company reported on Monday.Longueuil, Quebec-based Stornoway said its full-year results reflected a lower diamond price environment than was originally forecast.AdvertisementThe company noted that net income before impairm...Read More
(IDEX Online) - Stornoway Diamond Corp reported net loss of $114.6 million from net income of $19.6 million in 2016 in its financial year ended December 31, 2017. Its results reflected "a lower diamond price environment than was originally forecast by the Corporation". Net income before impairment was $11.1 million for the fourth quarter and $15.0 million for the year. Diamon...Read More
Price losses have deepened in the Chinese ferro-silicon spot market as restarted production increasingly weighs on supplier sentiment, although demand from the magnesium market is giving some support. China market weakness persists... ...but Mg sector demand stems price losses Europe eases with lower offer pricesUS suppliers cut prices amid competition Renewed supply drags down Ch...Read More
Earlier this month, it formally announced its intention to list on AIM and the Johannesburg Stock Exchange by the end of March, and said on Monday it had applied for all ordinary shares in the company to be admitted to trading on AIM on March 29, the same day it is due to list in Johannesburg.Read More
(IDEX Online) - Surat based STPL, which develops diamond industry technology solutions, said it took part in the recent Festival of Innovation organized by India's President's in association with Department of Science & Technology and the National Innovation Foundation-India. This year's theme was Festival of Innovation and Entrepreneurship (FINE). FINE is a cele...Read More
SHANGHAI, Mar 26 (SMM)? 1/4 ? China releases data on its import and export of copper in Feruary 2018 (Unit: mt): Read More
The gold price has risen about $20/oz since Thursday when US president Donald Trump signed a presidential memorandum that could impose tariffs on Chinese imports, a plan China "firmly opposes".Gold stocks rose strongly on Friday and in today's trade, with Newmont Mining (US:NEM) finishing up 3.06% in New York on Friday.It was a similar tale in London where Randgold Resources (LN:RRS) closed up 2.9...Read More
South Korea is working to ease the steel import quota limits imposed by the United States following its Section 232 investigations, the Korea Iron & Steel Association (Kisa) said on Monday March 26.The 70% quota is based on the average US import volumes from South Korea for 2015-2017, which is about 74% of 2017's total, and was imposed after the US exempted South Korea from the Sect...Read More
(IDEX Online) - Israel Diamond Exchange CEO Eli Avidar has announced he will be stepping down from the position and intends to become a member of Israel's parliament, the Knesset. Avidar, aged 53, who also served as the CEO of the Israel Diamond Institute, from which he recently resigned, told the IDE's board of directors that he did not intend to extend his contract with the bour...Read More
SHANGHAI, Mar 26 (SMM) – Spot copper in the Shanghai market was offered at a discount of 200-150 yuan/mt on the morning of Monday March 26, SMM learned. This compared with discounts of 190-130 yuan/mt on the morning of Friday March 23. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.e...Read More