Zinc's three-month price fell to $2,969.50 per tonne at the close of trading on the London Metal Exchange on Tuesday August 3, with the entire base-metals complex turning lower during the day and with Covid-19-related concerns returning to prominence.Zinc's benchmark futures contract fell from Monday's $3,050.50 per tonne closing price, which was the highest since June 14.The galvanizing metal fal...Read More

The manipulation of SILVER and GOLD by criminal banks and the Comex, which if it didn't exist, would leave us with at least $227 per ounce silver TODAY!Tyler Wall and James Anderson with Sean on SGTreportTyler Wall & James Anderson join me to quantify the manipulation of SILVER and GOLD by criminal banks and the Comex, which if it didn't exist, would leave us with at least $227 per ounce silver TO...Read More

Iron ore prices edged up on Tuesday August 3, with market participants uncertain about the nature of steel production cuts in the rest of 2021, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $184.67 per tonne, up $0.25 per tonne62% Fe low-alumina fines, cfr Qingdao: $185.47 per tonne, up $0.39 per tonne58% Fe fines high-grade premium, cfr Qingdao: $149.00 per tonn...Read More

Seaborne coking coal prices inched up in the cfr market and slipped in the fob market on Tuesday August 3, amid weak buying interest in both markets, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $214.67 per tonne, down $1.53 per tonnePremium hard coking coal, cfr Jingtang: $326.69 per tonne, up $0.30 per tonne Hard coking coal, fob DBCT: $182.41 per tonne, down $1.25 pe...Read More

RAPAPORT... SCS Global Services has hired Brandee Dallow as vice president of sustainability for luxury goods. In her new position, Dallow will help support the international expansion of SCS's certification program for fine jewelry, accessories and apparel, SCS said Monday.Dallow is the founder of Fine Girl Luxury Brand Building and Communications. She was most recently the regional membersh...Read More

RAPAPORT... Signet Jewelers will rebrand its Piercing Pagoda banner in an effort to connect with a larger customer base and highlight its innovations.The company chose the name Banter by Piercing Pagoda to reflect its relationship with both new and long-standing customers, it said Monday. Signet is already testing the new name in New York, Chicago, Los Angeles and Seattle. The jeweler plans to rol...Read More

RAPAPORT... Grib Diamonds noted solid demand and competitive bidding for rough at its latest tender in Antwerp, with a purple diamond setting a new record.The Belgian company, which sells production from AGD Diamonds' Grib mine in Russia, brought in $65 million from the sale of 650,000 carats, Grib head of sales Antony Dear told Rapaport News Monday. While high demand for rough persisted amid scar...Read More

RAPAPORT PRESS RELEASE, August 3, 2021, Las Vegas... Diamond market sentiment was upbeat in July despite a seasonal slowdown and high rough prices. Robust retail sales and supply shortages supported prices for polished.The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds rose 3.1% during the month. RapNet Diamond Index (RAPI?,,?) Read More

(IDEX Online) - Year-on-year prices were up 10.1 per cent in July, the highest figure for at least eight years, according to IDEX Online's research.  Prices have been showing positive growth since January, and bigger increases with every successive month. The last peak, in July 2018, was 5.7 per cent.  That was followed by nine months of slowdown and 18 months of...Read More

(IDEX Online) - Prices of fancy color diamonds kept rising in Q2, albeit at a slightly slower pace than the previous quarter.Overall they gained 0.2 per cent, the New York-based Fancy Color Research Foundation (FCRF) said today, compared with 0.3 per cent in Q1. No figures were produced for Q1 and Q2 of 2020 because business was too slow during the Covid pandemic to provide sufficient data, b...Read More

(IDEX Online) -  Lucara has recovered its seventh +300-carat diamond this year from its Karowe mine, in Botswana.The Canadian miner says the 393.5-carat top white Type IIa gem quality diamond (pictured) was recovered from direct milling of ore from the M/PK(S) unit of the South Lobe - from which it has already recovered two +300-carats stones this year.In June, Karowe yielded a 1,174.76 carat...Read More

Turkish prices for flat steel products decreased during July and trading was limited due to holidays during the month, sources told Fastmarkets on Tuesday August 3.Global weakness in flat steel markets during the holidays - Democracy Day was on July 15 in Turkey, and the Ei al-Adha holidays took place from July 19-24 - sparked the decline in prices.Turkish hot-rolled coil producers are currently a...Read More

Manganese ore prices were under pressure from stubborn port inventories in China during the week ended Friday July 30, with buying sentiment further lowered by new cuts to alloy production to be imposed in the south of the country.Almost all manganese alloy smelters in Ningxia province suspended their operations from July 27 due to reduced electricity supplies, market participants told Fastmarkets...Read More

The United States Defense Logistics Agency (DLA) plans to offer the last of this fiscal year's tin - 11.79 tonnes - in a bid opening at 9:30am US East Coast time on August 9 and closing at noon on August 10, according to an email the agency circulated to market participants on Tuesday August 3. The offering, which had been expected in July, adds to the 380 tonnes the DLA has offered to the tin-sta...Read More

Due to a reporter error, the United States zinc and copper premiums for Tuesday August 3 were published in Fastmarkets' price book after the scheduled time of 4pm GMT.Fastmarkets' fortnightly assessment of the copper grade 1 cathode premium, ddp Midwest US and the zinc SHG min 99.995% ingot premium, ddp Midwest USwere published later than the scheduled time of 4pm GMT.For more information, or...Read More

A summary of North-America based aluminium products manufacturer Arconic's second-quarter 2021 financial results, released on Tuesday August 3.In brief:  Global aluminium products manufacturer Arconic reported a 52% increase in total sales during the second quarter of 2021, when compared to the same period last year, and an 8% increase in sales from the previous quarter.The company's total ad...Read More

Zinc's three-month price fell to $2,969.50 per tonne at the close of trading on the London Metal Exchange on Tuesday August 3, with the entire base-metals complex turning lower during the day and with Covid-19-related concerns returning to prominence.Zinc's benchmark futures contract fell from Monday's $3,050.50 per tonne closing price, which was the highest since June 14.The galvanizing metal fal...Read More

Nanshan Aluminum, which is listed on the Shanghai Stock Exchange, plans to expand its aluminium recycling business by creating a new joint company with Singapore's United New Material Technology Investment, it announced on the SSE website on Tuesday August 3.The new joint company will focus on aluminium scrap recycling and processing, with recycled material feeding a new aluminium alloy project wi...Read More

Base metals prices fell across the board on the London Metal Exchange on Tuesday August 3, with zinc experiencing the biggest drop amid a reversal of risk-on sentiment surrounding United States infrastructure and with the Covid-19 situation remaining in focus. The three-month zinc price on the LME was down by 2.1% at 9am on Tuesday, at $2,985 per tonne, after settling at $3,050.50 per tonne at the...Read More

Hot-rolled coil prices in the United States remained above $93 per hundredweight ($1,860 per short ton) for the fifth consecutive business day after market participants observed resolve among producers to cash in on the higher offers they circulated at the end of July. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $93.47 per cwt ($1,869.40 per ton) on Tuesday August...Read More