US markets had closed lower on Friday as tech stocks continued to slide.In the UK, the British government is reportedly planning legislation to override key parts of the Brexit withdrawal agreement, ahead of an October 15 deadline to strike a free-trade agreement with the European Union.The gold price was up slightly on the spot market to about US$1,938 an ounce at the time of writing.Copper had g...Read More

The company today announced that it had awarded the world's first LNG-fuelled Newcastlemax bulk carrier tender to Eastern Pacific Shipping, with the aim of GHG emissions by more than 30% per voyage.Read More

Here are five Fastmarkets stories you might have missed on Friday September 4 that are worth another look.Steel slab export prices for material from Brazil increased in the week ended September 4, with tight supply but renewed demand in North America and other regions.High demand in...Read More

Here are five Fastmarkets stories you might have missed on Friday September 4 that are worth another look.Steel slab export prices for material from Brazil increased in the week ended September 4, with tight supply but renewed demand in North America and other regions.High demand in...Read More

Here are five Fastmarkets stories you might have missed on Friday September 4 that are worth another look.Steel slab export prices for material from Brazil increased in the week ended September 4, with tight supply but renewed demand in North America and other regions.High demand in...Read More

Here are five Fastmarkets stories you might have missed on Friday September 4 that are worth another look.Steel slab export prices for material from Brazil increased in the week ended September 4, with tight supply but renewed demand in North America and other regions.High demand in...Read More

Public and private pensionplans face a dual crisis.The first and most obviousthreat to pensioners is that defined-benefit vehicles are severely underfunded.By one estimate, pension systems taken as a whole are $638 billion in the red.Some are in better shapefinancially than others. But all pension plans will have to reckon with asecond huge challenge going forward.Namely, they are alreadyentirely...Read More

Fed adopts a new strategy that opens the door for higher inflation. The change is fundamentally positive for gold prices.So, it happened! In line with market expectations, the Fed has changed its monetary policy framework into a more dovish one! This is something we warned our Readers in our last Fundamental Gold Report:the Fed could change how it defines and achieves its inflation goal, trying, f...Read More

Indian authorities have decided to slash export rebates, in a move which market participants expect will raise prices for steel shipped out of the South Asian nation, Fastmarkets understands.An Indian steel trader told Fastmarkets that a final decision on the matter was still under discussion, but he expected that the rebate he received on steel exports would be cut from a current 2.5-3% per trans...Read More

Member mills of the China Iron & Steel Association (Cisa) largely kept their crude steel production rates unchanged in late August from the preceding 10 days, but their finished steel inventories continued to drop, according to data released on Thursday September 3.August 21-31 outputCrude steel: 2.16 million tonnes per day, down by 0.04%Finished steel: 2.19 million tpd, up...Read More

Most Turkish flat steel prices increased in August 2020 and market sources expect further price increases to come amid global price rises, Fastmarkets heard on Thursday September 3.Turkish flat steel producers are fully booked until late-October, with trading sources reporting that the market was moderate for most of August because of the seasonal summer slowdown in Turkey and its neighboring coun...Read More

Here are five Fastmarkets stories you might have missed on Friday September 4 that are worth another look.Steel slab export prices for material from Brazil increased in the week ended September 4, with tight supply but renewed demand in North America and other regions.High demand in...Read More

Here are five Fastmarkets stories you might have missed on Friday September 4 that are worth another look.Steel slab export prices for material from Brazil increased in the week ended September 4, with tight supply but renewed demand in North America and other regions.High demand in...Read More

The latest forecasts from Fastmarkets' team of base metals analysts are ready to view, including an upgrade to our aluminium price forecasts.Aluminium: Price forecasts raisedWe correctly expected the macro reflationary theme to raise the prices for all base metals but, with it being the base metal with by far the weakest fundamentals, we had expected the price of aluminium to underperform relative...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view. A look at stainless steel price movements through August reveals the ongoing battle being faced by stainless steelmakers in Europe and the United States while they try to pass on rising costs to consumers. In these regions, prices on most grades of stainless steel are little changed from July, rising by around 2% at most -...Read More

RAPAPORT... Sotheby's will launch a new series of weekly online sales that will enable it to capitalize on the "unprecedented results" it has seen in its digital offerings.The auctions, which will take place in a rolling sale format, will see Sotheby's debut a new selection of pieces each week, including antique, vintage and contemporary jewels. The company's Geneva, Hong Kong, London, Milan, New...Read More

RAPAPORT... Gem Diamonds fell into the red in the first half of 2020 as the coronavirus crisis froze the rough market and restricted the company's sales.The net loss of $113,000 - compared with a $9.7 million profit a year earlier - resulted from a 24% slump in revenue to $69.5 million for the six months. The cost of sales declined 16% year on year to $49.9 million, the company reported...Read More

RAPAPORT... BlueRock Diamonds saw the average price for rough from its Kareevlei mine increase 14% in July compared with the previous month, it reported last week.The miner sold 3,805 carats of diamonds from the South African deposit for $1.3 million during the month, with the average price of $330 per carat exceeding the company's expectations, it said. BlueRock sold the stones through a private...Read More

(IDEX Online) - The iconic Argyle mine is selling a collection of 62 diamonds, weighing just 57.23 carats, in one of its last tenders before production ceases.The headline "hero" item in its 2020 Argyle Pink Diamonds Tender is the Argyle Eternity, a 2.24 carat round brilliant fancy vivid purplish pink diamond - the largest stone of its type the mine has ever offered for sale.There are five other "...Read More

(IDEX Online) - Gem Diamonds, which operates the highest dollar per carat kimberlite diamond mine in the world, reported a slump in first-half profits from $18.7m to just $2.5m.The London-based miner has been hard hit by the coronavirus pandemic and saw revenue slip from $93.1m in H1 of 2019 to $69.5m. It had to close its Let?... ?eng mine (pictured) in Lesotho from 28 March to 26 April becau...Read More