ArcelorMittal has again increased its official offer prices for all steel coil products in Northern Europe by ?,?20-50 ($24-60) per tonne, sources told Fastmarkets on Thursday April 29.The steelmaker had already increased its offers three times in April.With this latest increase, offer prices for hot-rolled coil reached ?,?1,020 ($1.233) per tonne ex-works, up by ?,?20 per tonne from the most rece...Read More

The three-month price of copper breached the $10,000-per-tonne mark on the London Metal Exchange during trading on Thursday April 29, while zinc and aluminium also reached fresh year-to-date and multi-year highs, driven by overall bullish sentiment.Most metals set their new highs during early trading, when the US Dollar Index was around its two-month low of 90.47 on Thursday morning. But when the...Read More

Here are five Fastmarkets stories you might have missed on Thursday April 29 that are worth another look.Major Indian steelmaker JSW Steel is reducing steel production to ensure that sufficient oxygen is sent from its plants to the healthcare sector to help combat the surge in Covid-19 cases in...Read More

Aluminium producer Rusal has appointed Roman Andryushin to the position of deputy chief executive officer of sales in Russia, the Commonwealth of Independent States (CIS) and China, the company said on Thursday April 29.Rusal also said Steve Hodgson will be returning to the company as director of sales and marketing, responsible for commercial operations and aluminium sales in the European, A...Read More

There is a "Silver Accident" waiting to happen and it will come from...by Bix Weir of Road to RootaThere is a "Silver Accident" waiting to happen and it will come from the LEASING of massive amounts of Physical Silver from JP Morgan into the SLV ETF and others! Bank of America and Citigroup are going to feel the pain on this one as the world has Run out of 1,000 oz bars and ALL LEASES have end dat...Read More

There are many reasons the Cartel is about to give silver a good old-fashioned pummeling, and this time, the reasons have nothing to do with madness...(by Half Dollar) I'm still bearish on silver in the short-term for several reasons (three listed below) that nobody seems willing to discuss, but these reasons are indeed various elephants in the room, and since there are so many people who are new...Read More

We know that there is something BIG happening in the silver market when... by Steve St Angelo of SRSrocco ReportWhile we have witnessed a surge of new silver investment demand over the past year, it's nothing compared to the massive buying coming in the future. We know that there is something BIG happening in the silver market when the top silver analysts "conveniently" omit the massive global...Read More

A lot of moves in silver can happen over just a few days, which is why...John Lee on Palisades Gold RadioTom welcomes a new guest, John Lee, President and CEO of Silver Elephant Mining. John started his career as a programmer in Silicon Valley before moving to Vancouver, where he was exposed to the mining sector. He started trading as a retail investor dabbling in junior miners. He then started le...Read More

The three-month price of copper breached the $10,000-per-tonne mark on the London Metal Exchange during trading on Thursday April 29, while zinc and aluminium also reached fresh year-to-date and multi-year highs, driven by overall bullish sentiment.Most metals set their new highs during early trading, when the US Dollar Index was around its two-month low of 90.47 on Thursday morning. But when the...Read More

Base metals prices on the London Metal Exchange were higher across the board during morning trading on Thursday April 29, supported by a weaker dollar and bullish sentiment. Copper continues to drive the rest of the complex upward - the three-month price was trading $96 per tonne higher at $9,972 per tonne this morning. It hit a high of $9,999.50 per tonne earlier; the all-time high for the three-...Read More

With the exception of lead on the Shanghai Futures Exchange, base metals prices were stronger this morning, Thursday April 29, reassured that Federal Reserve would keep policy loose and because United States President Joe Biden pumped up the outlook for the US by saying the country is "ready for takeoff". Tin leapt higher on the LME on Wednesday, with the SHFE contract catching up today...... Mala...Read More

Diamond markets mixed. US and China recovery fueling optimism, but uncertainty remains due to worrying coronavirus situation in India. Europe relatively weak. Supply volatility expected in short term. Polished inventory levels declining as manufacturers reduce capacity and GIA backlog rises. Cutters focused on 1 ct. polished and larger. Small De Beers sight projected for next week. US consumer con...Read More

RAPAPORT... Pandora has signed a new EUR 950 million ($1.15 billion) credit facility whose pricing is linked to the progress it will make on twin sustainability objectives.The credit line refinances Pandora's current undrawn facility, which is scheduled to mature in May 2022 but whose size was not disclosed in the company's statement Thursday. However, the Danish jeweler said that a EUR 400 millio...Read More

RAPAPORT... The diamond industry has rallied behind efforts to alleviate the dire Covid-19 situation in India, with various campaigns to raise funds and bring much-needed medical supplies to the country. "The international diamond and jewelry industry is a close-knit community, actually a family, made up of members from around the globe, many of whom live or originate in India," said Yoram Dvash,...Read More

RAPAPORT... A number of pieces sold for well above their estimates at the Bonhams London Jewels auction, which garnered a total of GBP 2.7 million ($3.8 million).A Bulgari ring set with a step-cut, 10.04-carat Colombian emerald bracketed by diamonds was the top seller, fetching GBP 598,750 ($835,223), more than double its GBP 250,000 ($348, 736) high valuation, Bonhams said Wednesday. A ring conta...Read More

RAPAPORT... Diamond Foundry has raised $200 million to bring production up to "mining" levels, giving the lab-grown maker a valuation of $1.8 billion, it said Wednesday.The Series C investment from Fidelity, which completed at the end of March, will help Diamond Foundry lift annual output to 5 million carats at its factory in Washington state by the end of 2020, a company spokesperson said in...Read More

(IDEX Online) - Alrosa is set to give shareholders their biggest-ever half-year dividend.The Russian state-owned miner is proposing a $942m payout for H2 2020, an increase of 47 per cent on the full-year payout for 2019.  It amounts to just under 13 US cents a share.That's in spite of the global pandemic that saw diamond sales at virtually zero a year ago. No dividend was paid in H1 2020...Read More

RAPAPORT... The dramatic spike in Covid-19 infections in India has injected uncertainty into the diamond market. As the country struggles with the severe humanitarian crisis, the industry has reduced its manufacturing and trading activity significantly. The rate of new daily coronavirus cases started to rise in mid-March and escalated rapidly. That left hospitals stretched beyond capacity, without...Read More

(IDEX Online) - An emergency fundraising campaign has been launched by the WFDB to send medication and equipment to India as it battles a catastrophic spike in Covid fatalities.The global diamond community is being urged to contribute as the official number of COVID-19 deaths today hit 200,000. Many experts fear the real figure is far higher.The executive committee of the World Federation of Diamo...Read More

Fastmarkets' weekly price assessments for the CIS export steel market will not be published on May 3 or 4 because of recent changes to the public holiday schedule in Ukraine. Instead, the prices will be published on May 5.The prices affected will be:MB-STE-0012 Steel cold-rolled coil, export, fob Black Sea, CIS, $ per tonneMB-STE-0013 Steel heavy plate, 8-50mm, export, fob Black Sea, CIS, $ per to...Read More