(IDEX Online) - A former Pandora worker says she's exposed a cheating customer who bought one ring for his girlfriend ... and another for his "sidepiece".The video, posted on TikTok, has attracted 2.6m views in 10 days.Eli from Montreal, Canada, says the customer came clean and explained who the rings were for when she asked if he wanted one receipt or two for the $45 and $50 silver and cubic...Read More

RAPAPORT... Belgium's polished-diamond exports more than quadrupled year on year to $566 million in April, reflecting the comparison with the peak of the 2020 coronavirus crisis, according to data the Antwerp World Diamond Centre (AWDC) released this week. Shipments were down versus March, however, as trading returned to more normal levels following a release of pent-up demand earlier in the...Read More

Exporters of metals such as tin, tantalum and cobalt from the Democratic Republic of Congo (DRC) were closely monitoring the situation in the country following the eruption of the Nyiragongo volcano over the weekend of May 22-23.The eruption, and the subsequent aftershocks, have forced the evacuation of thousands of people from the city of Goma, the capital of North Kivu province, which is around...Read More

Trade union members employed at BHP's operations center in Santiago de Chile were set to begin an indefinite strike on Thursday May 27, Fastmarkets has heard.Around 200 employees represented by the union were to stop working at BHP's Center of Integrated Operations, which manages the concentrates and cathode machinery at the company's Escondida and Spence copper mines.The strike was called after u...Read More

German copper producer Aurubis has started tests for the use of hydrogen and nitrogen to replace natural gas in its copper anode production processes, advancing the company's goal of achieving carbon-neutrality by 2050, it announced on Thursday May 27.The tests started on Thursday and were intended to investigate hydrogen use in continuous operation until the late summer. The long-term goal was to...Read More

Prices for steel billet imported into Egypt fell in the week to Thursday May 27, largely due to a lack of demand, sources told Fastmarkets.Global billet prices have been decreasing recently and there was hardly any demand for imports into Egypt, they added.Fastmarkets' daily steel billet index, export, fob Black Sea, was $659 per tonne on May 27, down from $691 per tonne on May 20.Demand for rebar...Read More

Domestic prices for hot-rolled coil in Europe were broadly flat day on day, reflecting a lack of trading activity in the spot market while supply is tight, sources told Fastmarkets on Thursday May 27.Fastmarkets calculated its steel hot-rolled coil index, domestic, exw Northern Europe at ?,?1,138.33 ($1,391.57) per tonne on May 27, down by ?,?2.67 per tonne from ?,?1,141 per tonne on May 26. The i...Read More

Turkish rebar and wire rod export prices made a downward correction in the week to Thursday May 27, having risen steadily since the end of April, market participants told Fastmarkets this week.Turkish steelmakers lowered their rebar export offers to $750-780 per tonne fob on an actual-weight basis, down from last week's $780-790 per tonne. The downward movement followed a downturn in Asian steel p...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationSpeaking on company webinar on Wednesday morning, Jonathan Barnes, Roskill's principal copper consultant, said e-scrap was an "undervalued and unappreciated resource, which is being wasted".Read More

Turkish prices for steel billet have gone down over the past week in line with the falling prices in China, while scrap import values supported the decrease, market sources said on Thursday May 27.Steel billet prices in China have made a downward correction in the past week, which consequently brought a decline in Turkish scrap import prices, because Turkey's billet and finished steel prices had b...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed during the morning of Thursday May 27, as were broader markets – are these pauses, or early signs of a stall?* More US Federal Open Market Committee (FOMC) members seem to be getting off the fence about talking about tapering* Chinese yuan continues to strengthen, is China using the yuan to reduce inflati...Read More

Turkish steel producers again stepped away from the deep-sea scrap market after a downturn in steel billet and finished steel prices, triggered by falling prices in China, market participants told Fastmarkets on Thursday May 27.Mills had only just returned to the market on Wednesday, when a Turkish steelmaker booked f 44,000 tonnes of HMS 1&2 (95:5) from the United States at $515 per tonne cfr.Tha...Read More

Russia has decided to increase the duty imposed on steel scrap exports to ?,?70 ($85.57) per tonne in a bid to keep enough material within the domestic market against a background of rising global prices, the country's ministry of economic development said on Wednesday May 26."The percentage [at which the duty is applied] is being kept at 5% of the customs value," the ministry said. "And in order...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points in pre-opening trade.U.S. equity index futures were quiet prior to release of economic news at 8:30 AM EDT. Consensus for April Durable Goods Orders was an increase of 0.7% versus a gain of 1.0% in March. Excluding Transportation Orders, consensus for April Durable Goods Orders was an increase of 0.7% versus...Read More

Iron ore prices went fell on Thursday May 27, due to limited demand in the seaborne market and at Chinese ports.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $189.73 per tonne, down $3.14 per tonne62% Fe low-alumina fines, cfr Qingdao: $190.90 per tonne, down $3.59 per tonne58% Fe fines high-grade premium, cfr Qingdao: $162.38 per tonne, down $2.64 per tonne65% Fe Brazil-origin fines, cf...Read More

Import prices for steel scrap in China weakened further on Thursday May 27 amid a continued lack of buying interest, sources told Fastmarkets.The continued price drop came despite the most-traded rebar and hot-rolled coil futures contracts on the Shanghai Futures Exchange inching up on May 27 after more than a week of consecutive losses.Fastmarkets' daily price assessment for steel scrap...Read More

China's relentless "suggestions" to industry that it wants to see stable commodity prices appear to have suppressed speculative behavior and are beginning to cool bullish market conditions, sources told Fastmarkets on Thursday May 27.Rising commodity prices were highlighted for the third time in 14 days, on Wednesday May 26, during the the weekly executive meeting of China's State Council, le...Read More

Seaborne premium hard coking coal prices climbed up in both the cfr and fob markets on Thursday May 27, with the supply of north American premium hard coking coal to China still limited and more buying activity in the fob market, source told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $152.76 per tonne, up $12.16 per tonnePremium hard coking coal, cfr Jingtang: $262.29 per t...Read More

London Metal Exchange prices rose on the morning of Thursday May 27, with copper and zinc climbing above their recently set psychological levels following year-to-date highs and nickel continuing its stride forward following a 1.5% rise on Wednesday.The LME three-month copper price was $10,038 per tonne at 9am London time, a 0.6% rise from Wednesday's close of $9,979 per tonne. The copper price ha...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed during the morning of Thursday May 27, as were broader markets - are these pauses, or early signs of a stall?More US Federal Open Market Committee (FOMC) members seem to be getting off the fence about talking about tapering Chinese yuan continues to strengthen, is China using the yuan to reduce inflationary pr...Read More