Here are five Fastmarkets stories you might have missed on Thursday August 26 that are worth another look.Fastmarkets has plotted the locations of the continuing and proposed projects for the decarbonization of the European steel sector.The striking workers union at...Read More

Brazil's Companhia Brasileira de Alum?-nio (CBA) expects to finish a feasibility study for its Rondon bauxite mine by year-end 2022, but will need a strategic partner for the operation's start-up, the aluminium company said on Thursday August 26."We expect this process to develop for around 18 more months, or until the end of next year," chief financial officer Luciano Alves said in a press confer...Read More

Commodities merchant IXM, wholly owned by China Molybdenum Co Ltd (CMOC), is close to announcing its acquisition of warehousing and logistics firm Access World from Glencore, people familiar with the matter told Fastmarkets.The situation is still fluid - there are other bidders for the business - but a deal is expected to be announced imminently, the people said.Glencore, which declined to comment...Read More

Commodities merchant IXM, wholly owned by China Molybdenum Co Ltd (CMOC), is close to announcing its acquisition of warehousing and logistics firm Access World from Glencore, people familiar with the matter told Fastmarkets.The situation is still fluid - there are other bidders for the business - but a deal is expected to be announced imminently, the people said. Glencore, which declined to commen...Read More

Here are five Fastmarkets stories you might have missed on Thursday August 26 that are worth another look.Fastmarkets has plotted the locations of the continuing and proposed projects for the decarbonization of the European steel sector.The striking workers union at...Read More

Fastmarkets has plotted the locations of the continuing and proposed projects for the decarbonization of the European steel sector.This includes projects and targets for green steel, carbon capture, carbon neutral, net zero, low-carbon emissions and fossil-free steel. Hotspots appear in Germany, France and Sweden, where steelmaking is already well established. Policy, funding and sharing of infras...Read More

Base metals prices on the London Metal Exchange performed well during the day but largely failed to hold momentum by 5pm on Thursday August 26, despite reaching intraday highs above Wednesday's closing levels.The aluminium three-month contract hit $2,639 per tonne during Thursday's trading, just $3 per tonne below its latest year-to-date high of $2,642 per tonne from July 30.It was the most traded...Read More

Seaborne iron ore prices were up on Thursday August 26 amid an uptrend in Chinese futures and for front-month swap contracts, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $152.92 per tonne, up $4.26 per tonne62% Fe low-alumina fines, cfr Qingdao: $153.80 per tonne, up $4.85 per tonne58% Fe fines high-grade premium, cfr Qingdao: $122.88 per tonne, up $5.92 per tonne65% Fe Br...Read More

Seaborne premium hard coking coal and hard coking coal prices in the cfr market both increased by over $16 per tonne on Thursday August 26, with rising offer prices and market expectations.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $408.93 per tonne, up $17.09 per tonneHard coking coal, cfr Jingtang: $385.67 per tonne, up $20.36 per tonnePremium hard coking coal fob DBCT: $243.98 p...Read More

Base metals prices on the London Metal Exchange performed well during the day but largely failed to hold momentum by 5pm on Thursday August 26, despite reaching intraday highs above Wednesday's closing levels.The aluminium three-month contract hit $2,639 per tonne during Thursday's trading, just $3 per tonne below its latest year-to-date high of $2,642 per tonne from July 30.It was the most traded...Read More

Prices for imported steel billet continued to decrease in Egypt during the week ending Thursday August 26 and demand remained weak, sources told Fastmarkets.Demand for rebar was limited to government projects, sources said.Egypt removed its construction ban on July 1 but rebar demand remained low because of high prices and a liquidity shortage.Domestic rebarEgyptian rebar producers kept...Read More

Las Vegas shows open with positive sentiment but fewer exhibitors and light traffic. Serious buyers attending. Dealers hoping JCK will signal start of holiday buying after 3Q slowdown. Polished inventory rising but shortages remain. Difficult to find top-quality diamonds. Rising expectations for holiday season, but retail growth starting to decelerate. Jewelry ranks among top-selling categories fo...Read More

RAPAPORT... De Beers is introducing a new program called "Code of Origin" that enables retail jewelers to sell the miner's diamonds and tap into its branding. The initiative is part of a wider effort to raise the company's profile among consumers.The program, which is in the development stage and will be scaled up over the next year, is structured to give designers and retailers greater acces...Read More

RAPAPORT... The artisanal and small-scale (ASM) mining sector plays an important role in the diamond industry, accounting for around 25% of global supply by volume. However, the sector is largely informal, using rudimentary technology and processes. Miners often lack access to capital, the knowledge to carry out mining safely and in an environmentally responsible manner, or access to the inte...Read More

RAPAPORT... In the corridors of the Kimberley Process (KP) intersessional and plenary meetings, smartly dressed men and women exchange pleasantries as they gather to review progress in the KP implementation. Various working groups submit reports that all indicate great progress in ensuring traceability of diamonds and the ability of the scheme to stem out conflict diamonds. The generally agre...Read More

The striking workers union at Caserones said that it was prepared for a "lengthy strike" on Wednesday August 25, after rejecting Minera Lumina Copper Chile's latest wage offer. 96% of members of the workers union at Caserones rejected the company's latest wage offer to the union and criticized the company for "presenting a new offer without first having talks". The union noted that it hopes t...Read More

Most base metals prices on the London Metal Exchange fell during morning trading on Thursday August 26 ahead of the Jackson Hole symposium, with aluminium stock being delivered into Port Klang while warrant cancellations for large quantities of copper continued for a fourth day. Lead's three-month price, for example, was down by 1.6% at 9am on Thursday, at $2,281.50 per tonne. This compares with a...Read More

(IDEX Online) - The De Beers Group has unveiled its new strategy to connect consumers to its social purpose and engage them directly with its Building Forever mission to achieve ambitious sustainability goals by 2030.   The new approach was presented at the JCK Luxury Breakfast during the keynote speech by De Beers Executive Vice Presidents Stephen Lussier and David Prager under the theme Th...Read More

(IDEX Online) - Sarine Technologies Ltd has announced that diamond retailers and wholesalers can now easily search for Sarine traced diamonds on IDEX Diamond Trading Network.   Sarine, a worldwide leader in the development, manufacturing, marketing and sale of precision technology products for the evaluation, planning, processing, measurement, grading and trading of diamonds and gems, said th...Read More

(IDEX Online) - The Government of the Northwest Territories (GNWT) has approved Diamonds de Canada Ltd. as an Approved NWT Diamond Manufacturer.   The agreement ensures that Diamonds de Canada has access to NWT-mined rough diamonds, and that its manufacturing activities, which include cutting and polishing, take place in the Northwest Territories, the GNWT said in a statement. The company has...Read More