Lucapa Recovers 171-carat Diamond(IDEX Online) - Lucapa has recovered the fourth largest diamond since it started mining at Lulo, Angola, five years ago.The gem-quality white stone weighs 171-carat and is the 15th diamond over 100-carats from the mine.In February 2016, Lulo yielded an enormous 404.2-carat white diamond, the biggest ever recovered in Angola, and the biggest in the history of Austra...Read More

RAPAPORT... Rapaport is launching a new podcast dedicated to estate jewels as the sector gains popularity among consumers. Hosting the biweekly Jewelry Connoisseur Podcast is Editor in Chief Sonia Esther Soltani, with guests including estate dealers, historians, and best-selling authors. They will cover subjects ranging from eras such as Art Deco and Victorian to specific designers whose crea...Read More

(IDEX Online) - India's diamond industry is resuming limited production and is poised to clear an estimated $1bn inventory for export.Retailers have also begun a phased re-opening of a very small number of stores, with strict sanitizing rules.  The current lockdown is in place until 17 May.A relaxation of rules by the regional government of Maharashtra state allows a limited return to wo...Read More

JOHANNESBURG (miningweekly.com) – Twenty seven of the world's leading mining and metals companies and 36 associations are committed to climate change solutions through their membership of the International Council on Mining and Metals (ICMM), Mining Weekly can today report.The ICMM is an international organisation dedicated to a safe, fair and sustainable mining and metals industry and t...Read More

(IDEX Online) - Christie's is auctioning its most valuable ever lot online- a spectacular type IIa 28.86-carat diamond with a guide price of up to $2m.The incredibly rare, near-flawless, emerald-cut stone is VVS1 clarity, and the largest D-color stone Christie's has ever offered in an online-only sale.The auctioneers say increased online interest has encouraged them to offer more valuabl...Read More

JOHANNESBURG (miningweekly.com) – How Anglo American is "delivering through volatile times" was outlined on Tuesday at Bank of America’s virtual global metals, mining and steel conference, where it reiterated its strong liquidity position of $14.5-billion, made up of $6.9-billion in cash and $7.6-billion in undrawn committed financial facilities.Anglo American CE Mark Cu...Read More

Car manufacturer Ford has announced that it intends to restart initial production at two plants in the UK and one in Valencia, Spain, from May 18, which will complete the restart of all its European units, it said on Wednesday May 13.The UK production sites at Dagenham and Bridgend will restart from May 18, as will the Valencia Engine Plant. These will be the last of the Ford sites to restart, wit...Read More

Key data from the Wednesday May 13 pricing session in Singapore.Key drivers Japanese buyers are relying heavily on China exports with the United States, Europe and other suppliers short of tonnages on offer. Chinese suppliers want to hold onto their cargoes due to an increase in domestic demand, with...Read More

Zinc premiums in Shanghai and Northern Europe were on an uptrend in the week to Tuesday May 12, driven by an open arbitrage window and increased liquidity in both markets, while the market in the United States remained subdued amid a continued slump in the country's automotive sector.SHFE import arbitrage window opensEasing of lockdown measures boosts European liquidityUS buyers reluctant to commi...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 13.Please click...Read More

Kymera International, a global manufacturer of specialty metal powders, has furloughed an unspecified number of employees for an indeterminate time at various plants worldwide because of the Covid-19 pandemic, the North Carolina, United States-headquartered firm said."The actions have been undertaken at the company's Acupowder plant in Union [in the US state of New Jersey], as well as certain othe...Read More

Brazilian flat and long steel producer Companhia Sider??rgica Nacional (CSN) has started procedures to halt the No2 blast furnace at its Usina Presidente Vargas (UPV) unit amid low demand caused by the spread of the Covid-19 pandemic, Fastmarkets has learned.The local metalworkers' union, Sindmetal-SF, said that the company has begun to shut down the furnace and was planning to eliminate 2,000 job...Read More

Domestic prices for hot-rolled coil in Europe dropped again over the past seven days due to poor demand, sources told Fastmarkets on Wednesday May 13.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?413.50 ($447.96) per tonne on Wednesday, down by ?,?0.50 per tonne from ?,?414.00 per tonne on Tuesday. The index was down by ?,?8 per tonne week on week and down b...Read More

The price for steel H-beams in Europe remained unchanged on Wednesday May 13, due to a lack of trading and despite continuing fluctuations in feedstock costs, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?525-560 ($569-607) per tonne on Wednesday, unchanged week on week.Some market participants reported a small uptick in...Read More

Prices for hollow steel sections in Europe moved down this week because of poor demand, with eyes now turning to the upcoming renewals of the EU import quotas, sources told Fastmarkets on Wednesday May 13.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?580-590 ($628-639) per tonne, down from ?,?580-595 per tonne one week before.The EU i...Read More

Uncertainty about how the lifting of lockdowns will pan out, with some clusters of Covid-19 infections being seen in countries where lockdowns have been lifted, is unsettling markets this morning, Wednesday May 13. As such, base metals prices along with equity markets have started to pull-back, or at least their rebounds are on hold. * Business loans for long-term investments drop by 15% in Europe...Read More

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Seven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesEditor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic fre...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points in pre-opening trade. Index futures are responding to news that the Democrat controlled House of Representatives has proposed an additional stimulus bill valued at over $3 trillion.Index futures were virtually unchanged following release of the April Producer Price Index at 8:30 AM EDT. Consensus is that the...Read More

Turkish steel producers continued to book deep-sea scrap cargoes for June shipment on Wednesday May 13, but prices started to show signs of a downturn due to the weak rebar market, sources told Fastmarkets. A steel mill in the Marmara region booked a US cargo, comprising 12,000 tonnes of HMS 1&2 (80:20) at $252 per tonne and 18,000-20,000 tonnes of shredded at $257 per tonne cfr.But another s...Read More