SHANGHAI, Mar 1 (SMM) – Nonferrous metals futures saw mixed trading on Thursday March 1 with SHFE lead dropping over 1%. Tin, copper and nickel edged down slightly, while aluminium gained some 1% and zinc inched up.The ferrous complex continued to trade rangebound. Coking coal dropped over 1% while coke, rebar, iron ore and hot-rolled coil went up slightly.Copper: We still see downward room...Read More
Positivesentiment after Chinese New Year. Hong Kong show starts off slow, with Chinesebuyers still on vacation. Steady dealer demand and firm prices for 0.30 to 1ct., G-J, VS-SI, RapSpec A2+ diamonds. Indian consumers and banks cautious asfallout from alleged $1.8B Nirav Modi-Gitanjali fraud widens, with new reports ofunpaid $810M Gitanjali loan. A.Jaffe, Firestar Diamond and Fantasy file forbankr...Read More
(IDEX Online News) - There was a clear downward trend in price changes in many categories of round diamonds in February, particularly in categories from 0.30-0.39 to 0.80-0.89 carats and 2.00-3.99 carats. However, there were rising prices in the smallest stones of 0.18 to 0.29 carats, and in 1.50-1.99 carat diamonds. Fancy diamonds saw relatively few price changes in the smallest ca...Read More
By: John Bristow and Dan MoagiSouth Africa’s minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting and new local and foreign investment, these resources will not be developed for the benefit of the country and its people.AdvertisementChallenges fa...Read More
Exporters of CIS-origin pig iron have increased their offer prices, citing rises in scrap prices, sources have told Metal Bulletin.Metal Bulletin's export price assessment on Thursday March 1 for high-manganese pig iron from the CIS region was $350-365 per tonne fob Black Sea, narrowing from $345-370 per tonne fob Black Sea a week earlierAfter several cargoes of Ukraine-origin pig iron were sold t...Read More
(IDEX Online) - Registration has opened for participation in the first-ever edition of the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India. The BDB expects thousands of visitors from India and abroad to take part in the April 23-25 international diamond week. The BDB said that 200 Indian companies will be exhibiting polished diamonds to buyers from across the world....Read More
JOHANNESBURG (miningweekly.com) – Aim-listed BlueRock Diamonds expects to treat in excess of 275 000 t of material this year, compared with the 153 147 t treated in 2017.The company, which operates the Kareevlei mine, in South Africa’s Kimberley region, on Thursday also noted that it expects to achieve an average grade of 3.5 carats per hundred tons (cpht) to 4.5 cpht for this year, in...Read More
Prices for steel hollow sections have remained largely unchanged across Europe this week, with extreme weather in the region contributing to the low demand, sources said.Metal Bulletin's price assessment for Northern European domestic hollow sections remained at ?,?650-670 ($794-818) per tonne delivered on Wednesday February 28."Most [of Scandinavia]...Read More
(IDEX Online) - Members of the Civil Society Coalition in the Kimberley Process met in Antwerp last week "to reflect on its role in the Kimberley Process and on broader diamond governance". Representatives from nine member organizations from Africa and Europe participated in the meeting, according to a statement sent by Zuzia Danielski, the Communications Director of IMPACT, formerly Partn...Read More
Noranda is seeking to ship its bauxite directly from Jamaica instead of transferring it from Panamax into Capesize vessels in Trinidad, a move that will shave several dollars off the cost of transportation, a senior Noranda Bauxite and Alumina executive said at Metal Bulletin's Bauxite & Alumina conference in Jamaica. According to Chris Young, vice president of sales and marketing, it costs around...Read More
JOHANNESBURG (miningweekly.com) – West Africa-focused Stellar Diamonds has completed its tribute mining and revenue sharing agreements with Octea Mining in respect of the Tongo-Tonguma project in Sierria Leone.The completion follows the satisfaction or waiver of the conditions precedent to the agreements.Advertisement“The closure of the agreements with Octea mark a major milestone for...Read More
(IDEX Online) - New York-based luxury bridal brand A.Jaffe and its subsidiary, FFJ, said it is "aware of the recent and unfortunate allegations of financial improprieties overseas" regarding alleged fraud by jeweler Nirav Modi of at least $1.8 billion. "However, A.Jaffe and its core team here in the United States want to assure partners and customers that A.Jaffe is not in any way involved...Read More
Turkish steel producers have continued to book deep-sea scrap for April while the prices were still rising, sources said on Thursday March 1.A steel mill in the Iskenderun region booked a Canadian cargo, comprising 30,000 tonnes of HMS 1&2 (90:10), 10,000 tonnes of shredded and 10,000 tonnes of plate and structural scrap (P&S) at an average price of $372...Read More
The latest metal markets news and price moves to start the North American day on Thursday March 1.Metals on the London Metal Exchange continued to slide on the back of a strengthening dollar, with the dollar index hitting its highest since January 18. The three-month copper contract fell below the $6,900 per tonne mark and a fresh two-and-a-half week low.Here is how the LME base metals complex loo...Read More
SHANGHAI, Mar 1 (SMM) – Nonferrous metals futures saw mixed trading on Thursday March 1 with SHFE lead dropping over 1%. Tin, copper and nickel edged down slightly, while aluminium gained some 1% and zinc inched up.The ferrous complex continued to trade rangebound. Coking coal dropped over 1% while coke, rebar, iron ore and hot-rolled coil went up slightly.Copper: We still see downward room...Read More
SHANGHAI, Mar 1 (SMM) – Nonferrous metals futures saw mixed trading on Thursday March 1 with SHFE lead dropping over 1%. Tin, copper and nickel edged down slightly, while aluminium gained some 1% and zinc inched up.The ferrous complex continued to trade rangebound. Coking coal dropped over 1% while coke, rebar, iron ore and hot-rolled coil went up slightly.Copper: We still see downward room...Read More
SHANGHAI, Mar 1 (SMM) – Nonferrous metals futures saw mixed trading on Thursday March 1 with SHFE lead dropping over 1%. Tin, copper and nickel edged down slightly, while aluminium gained some 1% and zinc inched up.The ferrous complex continued to trade rangebound. Coking coal dropped over 1% while coke, rebar, iron ore and hot-rolled coil went up slightly.Copper: We still see downward room...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Thursday March 1.Base metals traded on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Thursday, with a resurgent dollar curbing investors' appetite for the metals.Check Metal Bulletin's live futures report here.LME snapshot at 02.14am London timeLatest thr...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Investors are waiting for testimony before congress on monetary policy by Federal Reserve chairman Jerome Powell. Index futures recovered slightly following release of U.S. economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was 230,000 versus a revised 220,000 last week. A...Read More
SHANGHAI, Mar 1 (SMM) – The final purchasing managers' index (PMI) for downstream nickel industries in February stood at 38.4, better than expected, SMM data showed.The overall production index in February stood at 35.5, with fewer stainless steel plants closed for maintenance during the Chinese New Year holiday. Suspended production for the holiday also affected the production inde...Read More