Spot prices for hot-rolled coil in China were stable on Monday October 25, with thin liquidity and volatile prices keeping buyers in wait-and-see mode, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,550-5,600 yuan ($870-877) per tonne, unchangedThe most-traded HRC contract on the Shanghai Futures Exchange resumed its decline on Monday, finishing the day at 5,180 yuan per tonne, which...Read More

Everybody's excited about silver's nearly 15% move higher, but is silver really even rallying when the price of silver should be at least $88 right now?(by Half Dollar) The price of silver has rallied, and some say rather strongly.Indeed, the Cartel does not have the optics in its favor right now.You see, aside from the physical silver shortages and the supply chain disruptions, there is just too...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperAssays have been received for the first nine drill holes of which eight holes intersected gold with a highlight of 53.5m grading 72...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperThe company has completed about 102,000m of drilling to date at Queensway and plans to increase the number of drill rigs on site fr...Read More

Look beyond market approach to project valuations: van ZylLeadershipPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningLithium producer Orocobre (ASX: ORE) was up about 4% in morning Australian trade.Gold, often used as a hedge against i...Read More

Domestic steel rebar prices in Russia's Central Federal District around Moscow have jumped by up to $185 during the week to Monday October 25 on depleted stocks and limited supply from the mills.Fastmarkets' assessment of steel reinforcing bar (rebar) domestic, cpt Moscow, Russia was in a wide range of 62,000-75,000 roubles ($888.46-1,074.75) per tonne cpt on Monday, including 20% value-added tax,...Read More

Fiore shareholders will receive 0.994 of a Calibre share and C$0.10 in cash for each Fiore share with an implied consideration of C$1.80 per share.Read More

Look beyond market approach to project valuations: van ZylLeadershipPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe pricing is at 58c per new share. The raising follows a $47 million equity placement to institutions earlier this y...Read More

Turkish steel mills continued to pay higher prices for deep-sea scrap, with news of a deal for US scrap from Friday pushing up prices on Monday October 25, market participants told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising HMS 1&2 (80:20) at $510 per tonne and shredded at $530 per tonne cfr late on Friday October 22. The cargo composition,...Read More

Netherlands-based automaker Stellantis NV and Samsung SDI have entered into a memorandum of understanding to form a joint venture that will produce battery cells and modules for the North American electric vehicle (EV) market.The plant is expected to start production in 2025 and have an initial annual production capacity of 23 gigawatts (GWh), with a potential to increase to 40 GWh, according to a...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperHome to an estimated 80% of the world's known manganese, the Kalahari field has never achieved its full potential thanks to a combi...Read More

London Metal Exchange futures prices were broadly up on the morning of Monday October 25, following a substantial sell-off on the previous Friday, with concerns about power restrictions in China supporting higher aluminium prices. Aluminium's three-month price rose the most on Monday, up 2% to $2,926 per tonne at 9am from $2,868 per tonne on Friday, with more than 5,600 lots of the metal traded at...Read More

A combination of hurdles to a recovery of demand, elevated freight rates and lower supply have capped premiums for aluminium billet in Thailand for the second time in three months.Buyers continue to report a shortage of supply from producers in the market, though few were actively negotiating for cargoes. Fastmarkets' monthly assessment of the aluminium 6063 extrusion billet premium, cif Thailand...Read More

RAPAPORT... The past few years have brought about extraordinary changes to the wedding and engagement jewelry industry. In addition to the Covid-19 pandemic, there have been significant social and political shifts, leading to both short- and long-term differences in the way retailers do business.The lasting effects of the coronavirusFor Ken Black, Covid-19 caused a boom in bridal sales. "When...Read More

RAPAPORT... Some US retailers are considering scaling back their Black Friday markdowns and adding a new discount day in January or February, as supply shortages are disrupting the usual preholiday sales schedule.Black Friday may not make its true debut until after Christmas and New Year's because of a shipping bottleneck that has delayed retailers' orders. Many are concerned they will not have en...Read More

(IDEX Online) - A 6.75-ct pink diamond ring, with a high estimate of $10.9m, is among the highlights of the Christie's Geneva Magnificent Jewels Sale early next month.Lots previously announced include a pair of diamond bracelets that originally belonging to Queen Marie-Antoinette of France, comprising 112 diamonds with an estimate of $2m to $4m.And a ruby and diamond bracelet presented by Bri...Read More

Sentiment in the US hot-rolled coil market has been mixed but continues to lean bearish, with prices again trending downward over the past week, backsliding to levels last seen in August.Fastmarkets' calculation of the daily steel hot-rolled coil index, fob mill US averaged $95.93 per hundredweight ($1,918.60 per short ton) during the week ended Friday October 22, down by 0.54% from $96.45 per cwt...Read More

Sales of watches and jewelry in the US rose by just over 35 per cent year-on-year in August.That's broadly in line with the 36 per cent figure for July. Actual dollar sales this August were slightly higher than July. The percentage increase was slightly lower because of higher sales last August, as the post-lockdown recovery gathered pace. Sales were buoyed by an unexpected rise of 0.9 per ce...Read More

Insteel Industries credited better margins and strong demand for ending its fiscal 2021 with the best earnings in its history, posting net earnings for its fourth fiscal quarter - ended October 2 - of $25.15 million, up by 238.70% from $7.43 million in the same period a year ago.Sales increased to $171.26 million, up 23.89% from $138.23 million in the fourth quarter of the previous year. The...Read More

(IDEX Online) - Alrosa is considering a request to supply rough diamonds direct to factories in India.The move was proposed last Friday by the Gem & Jewellery Export Promotion Council (GJEPC) as it hosted its first high-level international delegation since the pandemic.Colin Shah, GJEPC chairman said afterwards: "The direct sourcing of rough diamonds would help our micro, small and medium ente...Read More