(IDEX Online) - Israel's diamond tech firm Sarine is to open a rough diamond scanning centre in Dubai, following the historic normalization agreement with UAE.It will be operated by the diamond service provider Trigem DMCC under license from Galatea, a wholly-owned subsidiary of Sarine. Both sides will split the per carat service fees will be split.Sarine said it recognized that Dubai is now...Read More

(IDEX Online) - Louis Vuitton has struck a deal to cut and polish a second giant diamond for Canadian miner Lucara. The 549-carat Sethunya (pictured) was recovered from the Karowe mine, Botswana, in February. It is the fourth largest stone ever found in the country. The agreement with the French fashion and luxury house follows a deal to cut an even bigger stone from the same mine  -  th...Read More

(IDEX Online) - Specialty jewelers' sales in the US have rebounded dramatically after the Covid-19 disaster of March, April and May, according to IDEX Research estimates.  The turn-around came in early summer as those retail merchants were able to re-open their stores.  Specialty jewelers' sales finally showed positive year-to-year comparisons in both August and September. ...Read More

As the aluminium price surges to an 18-month high, alumina market participants are debating how it is influencing the raw material's market direction. The London Metal Exchange three-month price hit $1,913 per tonne on Wednesday November 4 - the highest since April 2019 - and closed trading at $1,908.50 per tonne at the LME 5pm ring kerb. The aluminium price has been on an upward trajectory over t...Read More

Vale has entered into a 30-day exclusivity agreement to discuss the sale of nickel-cobalt operation Vale New Caledonia (VNC) with a consortium comprised of current management and employees of the unit, as well as state investors and Swiss trading firm Trafigura, the Brazilian mining company said on Wednesday November 4.Vale's subsidiary Vale Canada is carrying out negotiations, which include, "out...Read More

London Metal Exchange three-month base metals prices were mixed during morning trading on Thursday November 5, with slow progress in the US presidential election capping momentum, while aluminium futures fell after a contango returned across its benchmark forward curve.At the time of writing, presidential candidate Joe Biden remains ahead of incumbent Donald Trump, according to data compiled by th...Read More

Australia-origin copper concentrates bound for China are being diverted on the water and ahead of shipment next year, after Chinese buyers were reportedly told to comply with an "unofficial order" to restrict the material's entry this week.Europe, Japan, India and Southeast Asia have been tabled as potential alternative destinations to receive offers of the concentrates, either by spot sales or th...Read More

Here are five Fastmarkets stories you might have missed on Thursday November 5 that are worth another look.Mexican steelmaker Ternium intends to start operations at its new hot-rolling mill in the country's northeastern Pesquer?-a city in July 2021, it has announced.Australia-origin copper concentrates bound for China are being diverted...Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootWith Cascabel and its Alpala deposit moving towards feasibility, Ward is happy to be focusing on discovery exploration and...Read More

Mexican steelmaker Ternium intends to start operations at its new hot-rolling mill in the country's northeastern Pesquer?-a city in July 2021, it has announced.The new equipment, from an investment of $1.1 billion, was expected to gradually increase production from July to the end of 2021, chief executive officer M??ximo Vedoya told analysts in a conference call on Wednesday November 4."The date f...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The agency said C1cash costs fell to US1.21 per pound in the second quarter compared with the same period in 2019, a reduction of 24c/lb.Read More

Domestic prices for steel cold-rolled coil (CRC) in Europe moved up slightly in the week to Wednesday November 4, supported by good order books at domestic mills, sources told Fastmarkets this week.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe was ?,?580-595 ($678-696) per tonne on November 4, up compared with ?,?580-590 per tonne a week earlier.The assessm...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.JORC 2012 resources signed off by independent consultant Mining Plus are now 267,000oz gold and 2,183 tonnes copper for Gadir, compared with 172,000oz reported previously. Anglo Asian says Gadir reserves total 49,000oz gold and 1,91t of copper. Scoped for growth: Nevada Copper shifts into product...Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootThe company's cash position increased to $449 million from $391.1 million a year ago. However, its long-term debt increase...Read More

Domestic rebar and wire rod prices in Turkey continued to climb over the past week because of the weakening Turkish lira, sources told Fastmarkets on Thursday November 5.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 4,530-4,640 lira ($537-550) per tonne on Thursday, up from 4,450-4,500 lira per tonne last week.The increase followed a fu...Read More

The Turkish long steel export market remained unmoved on tight supply and high scrap costs over the past week, sources told Fastmarkets on Thursday November 5.Mills in the country achieved sales at $450-455 per tonne fob in previous weeks and set their offer price at $455-460 per tonne fob last week, which they are still offering. A cargo of Turkish rebar was sold to Peru at $450 per tonne fob in...Read More

A summary of the operational results for Ukrainian steelmaker ArcelorMittal Kryvyi Rih (AMKR) for the first nine months of 2020.In brief AMKR cut its pig iron output by 12.1 % year-on-year in January-September 2020 to 3.6 million tonnes, from 4.1 million tonnes a year earlier. Crude steel output was reduced accordingly to 3.5 million tonnes, against 4.1 million tonnes in the corresponding period l...Read More

NASDAQ 100 and S&P 100 Breakouts This Morning ETF Breakouts This MorningMaterials SPDRs moved above $66.97 to an all-time high extending an intermediate uptrend.Semiconductor ETFs SMH and SOXX broke to all-time highsHong Kong iShares moved above $22.96 extending an intermediate uptrend.South Africa iShares moved above $40.56 extending an intermediate uptrend.  Pre-opening Comments fo...Read More

A summary of the operational results for Ukrainian steelmaker Metinvest for the third quarter of 2020.In brief In July-September this year, Metinvest increased steel slab sales by 31% quarter on quarter to 635,000 tonnes, from 483,000 tonnes, thanks to a recovery in market demand after Covid-19-related lockdowns. Over the first nine months of the year, slab shipments increased by 18% to 1.65 milli...Read More

Seaborne premium hard coking coal and hard coking coal prices in the cfr China market went up on Thursday November 5 due to the ongoing restriction on Australian coking coal imports, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $106.25 per tonne, down $0.55 per tonne Premium hard coking coal, cfr Jingtang: $139.47 per tonne, up $2.45 per tonneHard coking coal, fo...Read More