Here are five Fastmarkets MB stories you might have missed on Tuesday June 29 that are worth another look....Read More
Ferrous scrap prices in Mexico's steelmaking regions of Monterrey and Baj?-o were mostly stable week on week while demand remained high, according to several sources.Few changes were reported during the past week, with prices appearing to stabilize at currently high levels. There were reports of some buyers adjusting their prices upward for some grades in the region near the northeastern Monterrey...Read More
Prices for steel billet exports from the Commonwealth of Independent States softened early in the week started Monday June 28 due to a lack of support from buyers.Russian suppliers mostly continued to stay away from the market, with no fresh offers placed yet following news last Friday of the planned introduction of an export duty on steel products from August 1.The duty's base rate will be 15%, w...Read More
Export prices for steel rebar and wire rod from the Commonwealth of Independent States softened in the week ended Tuesday June 29 with the market under pressure from the introduction of a duty on steel product exports from Russia, as well as the extension of safeguard duties in Europe."The introduction of an export duty in Russia is an unprecedented event, and it will now take time to understand w...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday June 29 that are worth another look....Read More
Silver is showing considerable strength, and manipulators are...Gary Savage on Palisades Gold RadioTom welcomes a new guest to the show, Gary Savage. Gary is a Retired Entrepreneur and Investor. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.caTechnical Analysis can be complex when markets move in surprising ways due to manipulation, but the long-t...Read More
Sure, there will be a few sellers who might decide to sell ten ounces of silver to buy a new car...By Robert (Bobin) Zee of EddietheMechanicSilver has only three futures. One, obviously, is to stay the present course and reap the consequences of unrelenting and alleged persistent price manipulation and suppression by bullion banks and futures trading organizations. These organizations are referred...Read More
All prices on the London Metal Exchange except for copper finished the day on June 29 at higher prices than Monday, with lead showing the biggest gains and setting a new year-to-date high, and aluminium up by 2.5%.Copper was the only price to close lower on Tuesday, falling 0.6% to $9,334.50 per tonne from Monday's $9,388 per tonne. The three-month price of lead rose by 3.2% to $2,305 per ton...Read More
Iron ore prices fell amid Chinese emissions restrictions and depressed market sentiment on Tuesday June 29, with the ongoing rainy season in southern China also dampening demand, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $212.33 per tonne, down $6.29 per tonne62% Fe low-alumina fines, cfr Qingdao: $214.94 per tonne, down $5.83 per tonne58% Fe fines high-grade...Read More
The seaborne premium hard coking coal price stayed large stable in the cfr market because most market participants adopted a wait-and-see attitude on Tuesday June 29, market sources said, while the price of premium hard coking coal fob DBCT inched higher on buying interest.Fastmarkets indicesPremium hard coking coal, fob DBCT: $184.92 per tonne, up $1.10 per tonnePremium hard coking coal, cfr Jing...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Proposed changes to Chile’s mining royalty regime will not have a drastic impact on the country’s production landscape in the near-term.However, analysis from global natural resources consultancy Wood Mackenzie, a Verisk c...Read More
RAPAPORT... Burgundy Diamond Mines will open a cutting and polishing facility in Australia to manufacture colored diamonds from its Ellendale project, as well as those of third-party suppliers.The new factory will also include grading facilities, Burgundy said Tuesday. The miner, which bought the joint Ellendale and Blina deposits in Australia from Gibb River in March, plans to launch a focused br...Read More
RAPAPORT... Sotheby's and Christie's will open "pop-up" exhibitions in Monaco during the summer that will offer clients an assortment of luxury goods.The new private sales gallery from Sotheby's - its first in Europe - will be open from July until October, featuring a constantly rotating assortment of items, the company said last week. Art will be the main focus, appearing alongside other luxury p...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Copper will play a pivotal role in the energy transition. Aluminium may be an abundant and cheap competitor for electrification applications, but carbon footprint issues for primary metal may give copper the edge. Ultimately that poin...Read More
RAPAPORT... Opsydia, a diamond security company, has appointed De Beers veteran Jonathan Kendall as a non-executive director.As a board member, Kendall will contribute to Opsydia's international strategy and will serve as an "advocate" for its products, the UK-based business said Tuesday. He will also advise the company on matters related to regulatory and industry bodies in the diamond secto...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Demand for copper — already on a rising trend — is arguably set to explode as the energy transition takes hold. In order to prevent structural deficits, unsustainably high prices and demand destruction, miners will have to...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.This article first appear in Forbes on Oct 7, 2018. After a positive start to 2018, growing trade tensions have raised concerns over global economic growth, while tightening global liquidity is having an adverse effect on many em...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.We enter 2021 with many mined commodity prices riding high after recovering from a dramatic pandemic-induced slump in H1 2020. But far from marking a new atmosphere of positivity, the new year brings new questions. How will Chinese po...Read More
(IDEX Online) - Burgundy is to set up its own cutting and polishing facility for yellow diamonds recovered from its newly-acquired Ellendale Mine, in Australia.The factory will also be used for gems from its Naujaat project in Canada, where bulk sampling for fancy yellow to orange yellow diamonds is about to start.And the company says it will offer manufacturing services to third parties.Ellendale...Read More
(IDEX Online) - A pet parrot underwent emergency surgery after swallowing its owners diamond necklace.Vets recovered 21 gems, each weighing 0.2-cts from the bird's stomach. It had pecked them one by one from the necklace.The parrot, an eight-month-old sun parakeet from Bangkok, Thailand, called Frosty, was attracted to the glitter of the diamonds in the owner's jewelry box.The owner real...Read More