The three-month copper price on the London Metal Exchange was lower at the close of trading on Wednesday July 15, despite a loosening of the metal's forward curve, while zinc futures led the base-metals complex to close just above nearby support levels.Copper's outright price on the LME closed at $6,386 per tonne on Wednesday afternoon, falling from an intraday high of $6,550 per tonne, while turn...Read More

Seaborne iron ore prices observed rangebound movements on Wednesday July 15 amid uncertainty surrounding the near-term demand on steel because of the flooding caused by heavy rainfalls in southern China.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $112.30 per tonne, down $0.18 per tonne.62% Fe low-alumina fines, cfr Qingdao: $114.11 per tonne, down $0.15 per tonne.58% Fe fines high-grad...Read More

RAPAPORT... The Natural Color Diamond Association (NCDIA) plans to build a "United Nations" of ambassadors to promote the qualities of natural-color diamonds in their respective countries."Most organizations like ours are searching for ways to move forward after the impact of the world economies shutting down due to the pandemic," NCDIA president Alan Bronstein said Tuesday. "Like other leadi...Read More

RAPAPORT... Twelve jewelry designers have received the Manufacturing Jewelers & Suppliers of America (MJSA) Vision Award, which this year includes a new category for colored-stone distinction.The prizes honor outstanding creativity, craftsmanship and technological prowess, as well as originality and functionality. MJSA awards them to both professionals and students, the trade organization...Read More

RAPAPORT... Christie's garnered $338,781 from an online charity auction of Anna Hu jewels that will help support the families of health-care workers who lost their lives fighting Covid-19.The sale, which benefited Alrosa's new social-responsibility initiative, Diamonds That Care, featured three pieces by the designer. The Russian miner contributed 500 white and fancy-colored, brown-toned poli...Read More

RAPAPORT... Sarah Kuijlaars will take over as chief financial officer of De Beers on September 1, succeeding Nimesh Patel, the miner announced Wednesday. She will also join the company's board and executive committee.Kuijlaars was previously CFO of Arcadis, a global consultancy on design and engineering headquartered in the Netherlands. Before that, she was deputy CFO at Rolls Royce Holdings,...Read More

RAPAPORT... A New York-based designer plans to establish a trade organization to help jewelers from the black, indigenous and people of color (BIPOC) community progress in the industry."We will begin with a focus on education through outreach to high-school students," Angely Martinez told Rapaport News Tuesday. "We will then implement programs such as funding and mentorship for emerging talen...Read More

RAPAPORT... Sales in Chow Tai Fook's Hong Kong stores dropped sharply in the first fiscal quarter amid a decrease in tourism and weak consumer sentiment due to the coronavirus pandemic.Retail sales slid 69% in Hong Kong and Macau in the three months ending June 30, while same-store sales - at branches open for at least a year - plunged 76%, the jeweler reported Tuesday. That drop heavily outw...Read More

The cobalt standard grade, in-whs Rotterdam 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 standard grade, in-whs Rotterdam, at $13.75-14.05 per...Read More

RAPAPORT... Mountain Province has obtained a waiver for its revolving-loan agreement as it struggles with challenges in the diamond market amid the coronavirus pandemic.The Bank of Nova Scotia and Nedbank, which hold the loan, have agreed to exempt the Canadian miner from complying with the terms of the credit agreement, including maintaining a minimum cash balance, Mountain Province said Tue...Read More

(IDEX Online) - Surat's diamond industry remains at a standstill after another surge in COVID-19 cases.The city's 5,000 factories had been due to re-open yesterday after a two-week closure.But the Surat Diamond Association is urging all diamond units, markets and safe vaults to remain closed until 19 July at the earliest to prevent further infections.Surat Diamond Association president B...Read More

The cobalt alloy grade, in-whs Rotterdam 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

(IDEX Online)- Three spectacular pieces of diamond jewelry sold for $338,781 at auction to support the families of healthcare workers who lost their lives battling COVID-19.They were specially created by renowned Taiwan-born designer Anna Hu and were sold by Christie's in Hong Kong to help Diamonds That Care, a social responsibility initiative launched by Russian miners Alrosa.Ms Hu also dona...Read More

(IDEX Online) - Rough sales fell by 80 per cent during Q2 at Lucapa's Lulo Mine, in Angola, as the COVID-19 pandemic continued.Price per carat was down by 67 per cent, said the Australia-based miner in its quarterly report. Lucapa has now resumed drilling at five prospective pipes and two other priority alluvial targets at Lulo (pictured) in the Canguige catchment after an enforced shutd...Read More

Aluminium premiums in the United States could almost double if Section 232 tariffs or quotas were imposed on imports of aluminium from Canada, and would have a "financially disastrous" effect on American manufacturers, according to a group of US trade associations.The group includes the Beer Institute, the Coalition of American Metal Manufacturers & Users and the Flexible Packaging Association. It...Read More

Part of the Nchanga copper mine in Zambia collapsed during the morning of Wednesday July 15, as operator Konkola Copper Mines had earlier predicted that it would.The cave-in happened at 8:30am local time, affecting 3 million tonnes of material in an area 370 metres around the epicenter of failure in the open-pit Nchanga mine, KCM said on Wednesday.It had previously forecast that the collapse would...Read More

Trevali has begun the restart of its Santander mine in Peru, two weeks after an outbreak of Covid-19 cases led to a shutdown there, the company said.The mine, which produces zinc and lead concentrates, had initially locked down on June 26 after several workers tested...Read More

A United States House committee has voted to introduce the Aluminum Import Monitoring and Analysis (AIMA) system to track metal entering the country, with the goal of creating an early-warning system for excessive increases in imports. As part of the fiscal year 2021 Commerce, Justice, Science & Related Agencies appropriations bill, the House Committee on Appropriations voted to allocate $800,000...Read More

Domestic prices for hot-rolled coil have moved upward in Northern Europe, supported by a lack of competitive import offers and a slow revival of demand, sources told Fastmarkets on Wednesday July 15.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?405.43 ($461.00) per tonne on Wednesday, up by ?,?2.43 per tonne from ?,?403.00 per tonne on July 14....Read More

Artemis all set thanks to unique approachSPONSOREDartemis resources"The time has come to put an end to SolGold's suspect corporate governance and self-dealing practices," Cornerstone chair Greg Chamandy said in a statement.Read More