The London Metal Exchange three-month aluminium, copper and nickel prices extended their rallies on Tuesday December 1, setting new year-to-date highs in the final month of 2020 with a low dollar index continuing to provide tailwinds to the prices. Copper's three-month price rose for a sixth straight day on Tuesday at 5pm, up by 1.5% to $7,694.50 per tonne from Monday's closing price of $7,580 per...Read More

(IDEX Online) - Fancy cuts suffered in November with price drops across colors and clarities among smaller stones, in marked contrast to September's blitz of increases. Decreases also dominated, though less severely, in larger goods.  Rounds fared better, with a more or less even mix of ups and downs.HIGHLIGHTED CHANGESRounds0.90-0.99 ct. E / IF-VVS1 +2.5%, F / VS1-2 ...Read More

RAPAPORT... De Beers has pledged to provide the origin and impact of all its diamonds by 2030 as part of a plethora of sustainability goals it has set out for the coming decade.By 2025, it will "scale" programs that help identify the provenance of De Beers-mined diamonds at retail, the company said Monday. By 2030, it will record most of its annual production - by value - on its Tracr blockch...Read More

Canada's Lundin Mining anticipates higher copper and zinc output over the next three years, with growth expected at its operations in Chile (Candelaria), Brazil (Chapada) and Portugal (Neves-Corvo) in particular. In its three-year production outlook, published on Monday November 30, Lundin's full-year 2021 copper production guidance was set at 275,000-299,000 tonnes, jumping to 281,000-305,00...Read More

Negotiations for first quarter 2021 supplies of aluminium to main Japanese ports (MJP) have begun and the quarterly premium is expected to settle significantly higher than 2020 levels.The first deal was concluded on November 30, at a premium of $125 per tonne cif MJP, for 6,000-9,000 tonnes of aluminium ingot in total for January-March delivery. While there are also offers out in the market from t...Read More

Fastmarkets is proposing to launch low-carbon aluminium differentials to its existing European P1020 and value-added product (VAP) premium contracts in $ per tonne to meet market demand for a low-carbon aluminium pricing mechanism. The proposed differentials come after the completion of a two-month consultation and are the result of growing demand for price discovery for low-carbon aluminium...Read More

Copper and aluminium continued their uptrend on Tuesday December 1 and taking the complex on a morning of gains while the LME continues to react positively to Chinese and Eastern Asian economic data and a weaker US dollar index.Copper's three month price was up to $7,673 per tonne at 9:15am on Tuesday, a 1.2% increase from Monday's 5pm closing price of $7,580 per tonne. The volumes of copper...Read More

Brazilian steelmaker Gerdau has concluded its acquisition of Sider??rgica Latino-Americana (Silat), a long steel producer located in the northeastern state of Cear??, after gaining approval from anti-trust regulator Cade, the company said on Tuesday December 1.Silat has capacity for 600,000 tonnes per year of long steel products, mainly rebar and wire rod. Gerdau had first reached an agreement in...Read More

Flat steel import prices in the United Arab Emirates (UAE) and Saudi Arabia have increased over the past week because of globally strong demand, although this was moderated in the UAE because of a holiday, sources said on November 30 and December 1.The UAE has a national holiday on December 1-3, so the number of working days were limited in the country this week.UAEOffer prices for hot-rolled coil...Read More

Steel billet and rebar prices in the United Arab Emirates increased over the week to November 30 while demand was strong, sources told Fastmarkets.Domestic rebarThe country's steel producers were offering rebar at 1,984-1,985 dirhams ($540) per tonne ex-works orders to be produced in December, but only few producers had allocation for December production.Deals were heard made at around 1,950...Read More

Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) is applying price increases to flat steel products with effect from Tuesday December 1, according to market sources.The company is applying price increases of 5% this month to hot-rolled coil (HRC), cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG), and has already announced to its clients an additional increase of 5% for January...Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsDigbee talks the rebirth of independent investment researchSPONSOREDdigbee'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningUnder a deal announced Monday for San Martin, Japan Oil, Gas and Metals National Corporation can earn up to a...Read More

Sentiment in the Commonwealth of Independent States export steel billet market was increasingly bullish on Tuesday December 1 due to tighter availability of material, sources told Fastmarkets. Billet offers were still heard at $500-510 per tonne fob Black Sea from some Russian and Ukrainian suppliers, according to the market sources. But most producers were reportedly out of the market and reconsi...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Cantallopts said that despite a year of high volatility in which the copper price experienced a low of US$2.09 per pound in March, it was forecast to end 2020 at an average copper price of $2.Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The company planned to deliver a PFS by the end of September, but said at the beginning of October COVID-related restrictions meant "critical geotechnical data" was not available.Read More

The export market for long steel products from the Commonwealth of Independent States increased again in the week to Monday November 30 supported by long lead times and a global steel market uptrend. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $540 per tonne on Monday, up from $490 per tonne fob a week earlier. Offers for Russia-origi...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.On November 26 ERG said Metalkol, its tailings processing project in the Haut-Katanga province, had signed up to be assessed under the Responsible Minerals Assurance Process (RMAP), part of theRead More

Base metals prices on the London Metal Exchange were once again mainly stronger this morning, Tuesday December 1, helped by strong Chinese Caixin manufacturing purchasing managers’ index (PMI) data, but Shanghai Futures Exchange prices were more polarized.* Chinese Caixin manufacturing PMI climbed to 54.9 in November, up from 53.6 in October* Japan’s manufacturing PMI climbed to 49 in No...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The company boosted its copper outlook for 2021, based on increasing grades at Candelaria in Chile and expected "full-year, uninterrupted contributions" from both Candelaria and Chapada in Brazil.Candelaria had been suspended in October due to strike action and Chapada's processing plant was significantly damag...Read More

ETF tracking the S&P 500 Index (SPY) moved above $364.38 to an all-time high extending an intermediate uptrend.NASDAQ Biotech ETF (IBB) moved above $146.46 to an all-time high extending an intermediate uptrend. TSX Technologies iShares (XIT.TO) moved above $43.34 to an all-time high extending an intermediate uptrend. Pfizer (PFE), a Dow Jones Industrial stock moved above $40.40 extending an in...Read More