The embattled diamond producer, which put itself up for sale at the end of June, said Leigh Day - a UK law firm - had filed claims in the High Court on behalf of 32 individuals against Petra and the mine operator Williamson Diamond Limited (WDL)."The claims are understood to allege that Petra and WDL are liable for human rights violations, personal injuries and deaths suffered by these anonymous i...Read More

Here are five Fastmarkets stories you might have missed on Wednesday September 9 that are worth another look.From learning early about the practicalities of running a business during summer-holiday work to her role as chief executive officer of Norwegian aluminium and energy company Norsk Hydro, Hilde Merete Aasheim has faced many challenges...Read More

* Pound fluctuates in over a cent's range against dollar * One-month sterling implied volatility spikes * HSBC sees GBP/USD falling to $1.20 * Nomura pegs "no-deal" Brexit probability at 40% * ING says sterling could find support at $1.2870 (Updates after EU statement in response to UK draft bill)By Ritvik CarvalhoLONDON, Sept 9 (Reuters) - Sterling hit a six-week low below$1.29 on Wedne...Read More

Brazilian alumina exports declined by 18.4% in August versus the same period last year due to reduced shipments from both the Alunorte and Alumar refineries during that period, according to data from the country's ministry of economy published this week.Brazil exported 572,708 tonnes of alumina last month compared with 701,743 tonnes in August 2019. Most of those volumes were shipped through the B...Read More

Vancouver, BC - Ovation Science Inc. (CSE:OVAT) ("Ovation" or the "Company"), is pleased to announce a corporate update on its revenue generating activities both for its DermSafe (R) hand sanitizer and its cannabis / CBD products and licenses.DermSafe (R) Hand Sanitizer Sales and ProspectsOvation made significant progress in the second quarter toward its goal of advancing its sales initiatives fo...Read More

Benchmark alumina prices in the Pacific are under pressure due to quiet market conditions and weak demand, despite ongoing production restrictions at Hydro's Alunorte refinery in Brazil.Fastmarkets benchmark alumina index, fob Australia was at $273.44 per tonne on Wednesday September 9, down by 3.8% from a five-month high of $284.32 per tonne on August 21. "Prices are under pressure and...Read More

Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna") based in Vancouver, BC, a royalty company for the U.S licensed cannabis industry, today announced that Andriyko Herchak, CEO, will present live at VirtualInvestorConferences.com on Thursday, September 10 2020 at 8am PST / 11am EST.DATE: Thursday, September 10th TIME: 8:00am PST / 11:00am ESTLINK:...Read More

Here are five Fastmarkets stories you might have missed on Wednesday September 9 that are worth another look.From learning early about the practicalities of running a business during summer-holiday work to her role as chief executive officer of Norwegian aluminium and energy company Norsk Hydro, Hilde Merete Aasheim has faced many challenges...Read More

China's State Reserve Bureau (SRB) is going to start stockpiling cobalt metal in the near future, market sources told Fastmarkets on Wednesday September 9.One producer source told Fastmarkets they had received a notice from the country's reserve authority late in the evening in China, informing them to collect a tender document the next day - Thursday September 10. It is still unknown, however, ho...Read More

Turkish steel mills have been busy in the deep-sea scrap market in recent weeks and booked four more cargoes totaling more than 150,000 tonnes on Wednesday September 9, sources told Fastmarkets.A steel mill in the Marmara region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $301 per tonne cfr, 12,000 tonnes of shredded at $306 per tonne and 8,000 tonnes of bonus at $311 per ton...Read More

Japanese export steel scrap prices jumped on Wednesday September 9 following a strong increase in the Kanto auction for the second month running, market sources told Fastmarkets.Japan's Kanto Tetsugen, a monthly auction between a cooperative of scrap dealers in the Tokyo region, closed at ?29,370 ($276) per tonne fas on Wednesday, up by ?2,154 per tonne from the previous month.August's auction p...Read More

United States-based electric vehicle maker Tesla's failure to be listed as an S&P 500 company led to a 20% share price fall on Tuesday September 8, that in turn led to a 4% fall in the Nasdaq index - markets are wondering whether this will be a catalyst for a broader reality check? Or just provide another dip-buying opportunity?Base metals prices on both the London Metal Exchange and Shanghai Futu...Read More

China's State Reserve Bureau (SRB) is going to start stockpiling cobalt metal in the near future, market sources told Fastmarkets on Wednesday September 9.One producer source told Fastmarkets they had received a notice from the country's reserve authority late in the evening in China, informing them to collect a tender document the next day - Thursday September 10. It is still unknown, however, ho...Read More

The cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More

Here are five Fastmarkets stories you might have missed on Wednesday September 9 that are worth another look.From learning early about the practicalities of running a business during summer-holiday work to her role as chief executive officer of Norwegian aluminium and energy company Norsk Hydro, Hilde Merete Aasheim has faced many challenges...Read More

Although the world around us is starting to open up again, you're probably still hungover from the COVID summer.You might have missed a huge move by Big Oil.In July, Chevron scooped up Noble Energy for $13 billion with debt included.During bear markets, only the strong drillers survive.And you better believe the sharks have been circling.You can bet more buyouts are likely on the way, too.Keep in...Read More

Domestic prices for hot-rolled coil jumped day on day in Northern Europe on Wednesday September 9, supported by long lead times, reduced output from local mills and a lack of import offers, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?476.25 ($561.71) per tonne on Wednesday, up by ?,?8.30 per tonne from ?,?467.95...Read More

Novolipietsk Steel (NLMK), the largest steel producer in Russia, has stopped iron ore concentrate output at its Stoilensky mining and processing plant due to an accident, which occurred on September 7, Fastmarkets understands.NLMK receives all its required iron ore concentrate from the asset, which is why both its pig iron and steel production are under threat, sources told Fastmarkets. "On Septem...Read More

Matt Rowe is back on Real Vision with valuable insight into what happened in early September in the US markets when both volatility and stock prices rose together. Importantly, Matt explains what can be learned from last week's twists and turns and how to apply those lessons going forward. After listening to this interview, I had a better appreciation of what to watch in options markets and how t...Read More

Egypt's biggest steelmaker, Ezz Steel, has announced changes in its management now that chairman Paul Chekaiban has departed the board, the company said on September 1.Mamdouh Fakhr El Din El Rouby has been appointed non-executive chairman and Hassan Ahmed Nouh has been appointed executive managing director representing El Ezz Group Holding for Industry...Read More