"There is no hell, there is the disappearance of sinful souls."Continue...Read More
Prices in the light iron scrap market in the United Kingdom edged downward by ?5 per tonne on Thursday March 29, bringing last week's predictions by traders of imminent price falls to reality.Weaker export markets made larger merchants lower their prices, leading to the first drop in prices for four weeks, after three weeks of stability.Metal Bulletin's price assessment for UK grade-5C ferrous sc...Read More
SHANGHAI, Mar 29 (SMM) – Nonferrous metals futures rose across the board during the afternoon trading session on Thursday March 29 with SHFE nickel up close to 2% and copper up nearly 1%.Ferrous metals, meanwhile, all closed over 1% higher, except for coke, which was down just over 1%.Copper: The SHFE 1805 contract hit a high at 50,100 yuan/mt today as some investors added to their long bets...Read More
Management teams representing 30 projects picked from the Mining Journal Intelligence database - a list of quality undeveloped assets from more than 2,000 listed companies - will be presenting at the event in London on June 26-27, and they will be looking for investors to back them. While Rule knows exactly what he is looking for in a undeveloped project - several of his current investm...Read More
Prices for containerized shredded scrap imported into India have fallen by around $5 per tonne this week with a continued freeze in trading activity, market sources told Metal Bulletin on Thursday March 29.Indian steel markets have been affected by low Chinese steel prices and the imposition of import tariffs by the United States in recent weeks, and uncertainty over the future direction of the gl...Read More
One division will focus on Carajas Copper and the other on CentroGold, with both having a dedicated general manager and being supported by the technical services group, which has been reinforced to accommodate growing exploration and development commitments.Under Carajas Copper, Otávio Monteiro has been promoted to general manager after being general manager of the Antas mine. Mike Sousa wa...Read More
The shareholders voted in favour of all resolutions relating to the deal at a general meeting on Wednesday.DRD will now issue about 265 million shares to Sibanye-Stillwater in return for the assets, giving the latter a 38% holding in DRD.Sibanye-Stillwater also has a 24-month option to subscribe for enough shares to hold a 50.1% stake in DRD in exchange for cash.The approval was the milestone DRD...Read More
Export prices for Brazil-origin slab have gone unchanged this week, with no volumes being booked, but there is still positive price sentiment among market participants.Metal Bulletin's weekly assessment of Brazil's export slab prices was $580-590 per tonne fob on Thursday March 29, stable from the previous week.No offers were made because mills have not started booking June-shipment material yet,...Read More
SHANGHAI, Mar 29 (SMM) – Copper prices are likely to be rangebound at a relatively high level in 2018 as supplies of copper concentrate tighten, Jiangxi Copper said in its earnings report on Thursday March 28.The growth in global copper concentrate output is set to slow down in the next two to three years as the last round of copper mine investment comes to an end. Consumption, meanwhile, wi...Read More
Market slowing ahead of Passover andEaster. Recovery in watch industry lifts mood at Basel show, but event fails toraise diamond-dealer sentiment due to low attendance. Indian fraud cases increaseconcerns about credit. High rough prices reducing manufacturing profit, withpolished factories working below full capacity. Asian demand up, with Chow SangSang 2017 sales +3% to $2.1B, profit +18% to $112...Read More
Prices in India for local secondary steel billet have increased by about 100 rupees per tonne in the current week, with demand for both semi-finished and finished products remaining steady and the number of inquiries rising toward the weekend.On Thursday March 29, prices for Indian domestic secondary billet, mainly produced through the induction furnace route, were 32,700-32,900 rupees ($503-506)...Read More
It aims to issue new shares at a price of £0.036 (US$0.051) per share, a discount of 12.2% to the closing mid-price of £0.041/share on March 28 and the same price as the Greenstone Resources subscription.Read More
(IDEX Online) - The 62nd Bangkok Gems and Jewelry Fair 2018 is to be held from September 7-11, at IMPACT Muang Thong Thani, Bangkok, Thailand. It will feature 900 companies in over 2,000 booths from selected domestic and overseas exhibitors. Goods on offer will include gemstones (precious stones, semi-precious stones), rough stones, diamonds, pearls, precious metal, synthetic...Read More
SHANGHAI, Mar 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose to 90 given the inflow of month-end capital and as concerns of a trade war eased. Positive economic data from the US released overnight also buoyed the index.Base metals saw mixed trading as SHFE metals, except for copper and lead, fell. L...Read More
Turkish billet prices drifted down over the past week, amid sluggish demand for both domestic and imported material, sources told Metal Bulletin on Thursday March 29.CIS billet suppliers reduced their offers into Turkey to $550-560 per tonne cfr, but sources said that Turkish buyers are not interested in paying any higher than $540 per tonne.Metal...Read More
(IDEX Online) - The Baselworld watch and jewelry show wrapped up its 2018 edition on Tuesday after six days. The show previously lasted eight days. This year's edition also saw a smaller attendance - down to 600+ exhibitors from 1,300 last year and about 1,500 the year before. Baselworld's organizers announced last year that they were planning to reduce the length of...Read More
SHANGHAI, Mar 29 (SMM) –Copper: A stronger US dollar and falling oil prices are likely to keep copper prices under pressure. We expect LME copper to trade at $6,640-6,690/mt today and the SHFE 1805 contract at 49,400-49,900 yuan/mt. Spot discounts are expected at 200-140 yuan/mt.Aluminium: A total of 18,000 lots of short positions were added to SHFE aluminium at the start of the trading...Read More
The base price assessments for flat and long stainless steel products in Europe remained stable this week amid strong competition between stockholders, sources told Metal Bulletin on Thursday March 29.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was ?,?1,050-1,130 ($1,299-1,397) per tonne delivered in Northern Europe on Thursday, unchanged...Read More
(IDEX Online) - HRD Antwerp has announced the opening of a jewelry grading lab in the Santacruz Electronics Export Processing Zone (SEEPZ) in Mumbai, where manufacturers/exporters are based. "Our customers will have safe, reliable and easy access to our services," said Ravi Chhabria, Managing Director of HRD Antwerp India. "Our laboratory has the know-how and tools to thoroughly analyze je...Read More