Export prices for flat steel products from the Commonwealth of Independent States (CIS) softened again during the week to Monday October 5 because buyers remained inactive.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $470-495 per tonne on Monday, down by $15-25 per tonne from $495-510 per tonne a week earlier.Suppliers were heard to have reduced th...Read More
The Turkish steel producers have continued to hold back from the deep-sea scrap markets and to negotiate for lower prices, sources told Fastmarkets on Tuesday October 6.The country's steelmakers had booked three deep-sea cargoes at the end of last week, putting the HMS 1&2 (80:20) price at $284 per tonne cfr for European material and at $289 per tonne cfr for Baltic Sea-origin scrap. ...Read More
Fastmarkets proposes to launch a weekly Pakistan import shredded steel scrap index to complement Fastmarkets' existing steel scrap prices in the South Asia region.Fastmarkets proposes to launch a new weekly price index for the Pakistan shredded steel scrap import market following feedback that such an index would be of value to market participants, both by itself and in conjunction with Fastmarket...Read More
Seaborne hard coking coal prices fob Australia dipped day on day on Tuesday October 6 in the run-up to the conclusion of a tender that some market participants say they expect will fetch lower prices.Fastmarkets indices Premium hard coking coal, fob DBCT: $137.46 per tonne, down $0.25 per tonne. Premium hard coking coal, cfr Jingtang: $145.10 per tonne, unchanged. Hard coking coal, fob DBCT: $113....Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Read More
The recovery in manganese alloys prices in Europe in the past week or two may have limited space to move higher in the near term due to depressed end-user steel demand in the automotive and construction sectors, according to trade sources and available industry data. Until the past week or two, manganese alloys prices in Europe had been trending downward since late April due to the effects that na...Read More
Azure's drilling will follow up on Creasy's RC drilling a couple of years ago that had a best hit of 7m grading 2.6% nickel and 0.65% copper at shallow depths.Read More
I bumped into a co-worker today who seemed a little too excited.He had made a pretty penny on Tesla's meteoric rise this year. The moment I saw him, the first thing he said was, "How much better can a car company do?""So you think Tesla is just a car company?" I asked.I could see him blinking in confusion.It turns out that Elon Musk may be even smarter than most people believe (if that's possible)...Read More
RAPAPORT... Diamonds Do Good will hand out $150,000 in grants to support members of the industry who most need assistance with maintaining their programs, it said Tuesday.The nonprofit, which helps develop diamond communities and empower local citizens in those areas, will distribute money to the Flaviana Matata Foundation, which supports education, entrepreneurship, youth empowerment and hig...Read More
RAPAPORT... More than half of consumers plan to treat themselves and others to luxury products this year during the holidays, feeling that indulgence is important at this time, according to a survey by Accenture.This comes despite the fact that two out of every five shoppers intended to spend less for the seasonal period than they did last year, the professional services company noted in its 14th...Read More
RAPAPORT... Petra Diamonds has resolved its contract issues with South African workers following a strike threat stemming from a failure to reach a pay agreement.The miner has signed a one-year deal with employees who are members of the National Union of Mineworkers (NUM), Petra said Tuesday. The company will make a one-time bonus payment of ZAR 5,000 ($302) and an increase of 5.5% for the year to...Read More
Filmmaker Laurent Cartier follows the determined men who search Sierra Leone's Sewa River for natural diamonds.RAPAPORT... Fifty-year old John is a diamond diver in Sierra Leone, one of a few hundred or thousand such divers out of some 1.5 million artisanal miners worldwide. His work is arduous: Going 5 to 10 meters underwater without a mask, he relies on his teammates and his faith. Divers do not...Read More
(IDEX Online) - Scientists have discovered the largest ever diamonds in outer space - and say they were formed by the enormous heat and pressure of planets colliding.They're convinced that they weren't produced deep beneath the surface of the planet, like diamonds found on Earth.Researchers at Goethe University, Frankfurt, Germany, found tiny extra-terrestrial diamonds, as well as graphi...Read More
(IDEX Online) - A dealer is facing up to 10 years in prison for attempting to bring diamonds into the USA with bogus Kimberley Process certificates.Stanley Tipton, 45, from Ohio, admitted violating the Clean Diamond Trade Act in a prosecution that "sets an international precedent," according to the US Attorney's Office.He told an undercover Homeland Security Investigations (HIS) special agent...Read More
(IDEX Online) - A Japanese collector paid $15.7m for a 102-carat, D-color, flawless diamond - a record high price for a gem in an online auction.But it was nowhere near as much as experts had predicted. Before Monday's sale by Sotheby's Hong Kong, there was speculation that the exceptionally rare diamond, offered without reserve, could fetch over $30m.Nevertheless, it smashed the p...Read More
Base metals prices on the London Metal Exchange were weaker across the board this morning, Wednesday October 7, while equity markets were mixed.* US Federal Reserve chair Jerome Powel warned too little stimulus is worse than too much.* International Monetary Fund chief Kristalina Georgieva warns economic “calamity is far from over”.* US President Donald Trump postpones stimulus talks wit...Read More
ELKO, Nev., Oct. 7, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that it will hold its Annual General Meeting ("AGM") on Monday, November 9, 2020 at 8:00am PT. Due to COVID-19 considerations, the Company has decided to hold its AGM virtually. Shareholders will be able to login and participate in the AGM...Read More
Preliminary economic assessments (PEAs) on standalone operations at Corvus Gold's (TSX: KOR; US-OTC: CORVF) North Bullfrog and Mother Lode projects in southwestern Nevada suggest potential for the junior to be the first producer in the Bullfrog mining district, from first developing 'high margin' North Bullfrog, with a potential second operation at Mother Lode.At North Bullfrog, the latest mine de...Read More
Osisko Gold Royalties (TSX: OR; NYSE:OR) has announced the spin-out, through a reverse-takeover transaction (RTO), of Osisko Development. The newly formed developer will hold the past-producing Cariboo gold project in B.C. and the San Antonio gold asset in Mexico's Sonora state, in addition to other mineral assets and a portfolio of equity positions in publicly listed companies.To execute this tra...Read More