(IDEX Online) - Chow Tai Fook sales soared in "business as usual" Mainland China, but fell in Hong Kong, which suffered a third wave of the pandemic in November and December.A rise of 26 per cent in retail sales value at its stores in mainland China was offset by a drop of 12 per cent in Hong Kong, Macua and other markets. Overall sales across all the chains 4,000 outlets was up 18 per cent.Growth...Read More

(IDEX Online) - Antwerp is hosting eight tenders this month, in spite of the ongoing pandemic and a renewed tightening of restrictions in many countries. That's on a par with 2020, when it hosted a total of almost 100 at various tender houses, selling over 10.5m carats.Coronavirus hit a peak in Antwerp last November, but infections are currently at relatively low levels. The city's...Read More

Export prices for steel slab from the Commonwealth of Independent States (CIS) increased again during the week to Monday January 11 on sustained demand and bullish suppliers.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS at $685-700 per tonne on January 11, up from $675-680 per tonne a week...Read More

(IDEX Online) - Diamond billionaire Beny Steinmetz allegedly paid $10m in bribes to secure rights to iron ore deposits, a Swiss court heard.The deal that his his company BSGR struck with Guinea, one of Africa's poorest countries, in 2008 was described as winning the "jackpot".He paid around $160m for the exploration and mining rights, then sold half of them to Vale, the Brazilian multinationa...Read More

There was little activity in the export market for long steel products from the Commonwealth of Independent States in the week to Monday January 11 because suppliers are just starting to come back from public holidays. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $650-670 per tonne on Tuesday, flat week on week. Current offers for Russ...Read More

The flat steel export market from the Commonwealth of Independent States (CIS) was slow during the week to Monday January 11 because suppliers had just returned from holidays, although the general market mood was positive, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $785-790 per tonne on Monday, up from...Read More

Turkish steelmakers stepped back from the deep-sea scrap import market on Tuesday January 12, focusing instead on finished steel and billet sales, sources told Fastmarkets.After a number of steel scrap cargoes were booked at the end of the last week, the market has generally been quiet."Market is very quiet [so far this] week, but I still expect the mills to book more carg...Read More

Iron ore prices remained mostly stable on Tuesday January 12, supported by mills replenishing their stocks ahead of the Chinese New Year holiday in mid-February, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $172.67 per tonne, up $0.54 per tonne62% Fe low-alumina fines, cfr Qingdao: $173.00 per tonne, up $0.75 per tonne58% Fe fines high-grade premium, cfr Q...Read More

Seaborne coking coal prices across the board remained relatively flat on Tuesday January 12 due to a lack of transactions while some steel mills in China accepted the proposed coke price increase, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $103.99 per tonne, up $0.06 per tonnePremium hard coking coal, cfr Jingtang: $208.19 per tonne, up $0.01 per tonneHard coking coal, fob...Read More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe BLM issued a Joint Record of Decision for the Ambler road project in July 2020 to approve a 211-mile-long gravel private access road in the southern Brooks Range foothills.Read More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesRio owns a 33.5% indirect interest in Oyu Tolgoi through its 50.Read More

Maximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesThe miner said its flagship Chelopech mine in Bulgaria delivered consistent production through the year of 179,600oz and 35.Read More

After further weakness in the base metals on Monday January 11, that saw the complex close down by an average of 1.5%, prices were up across the board on the London Metal Exchange this morning. But those on the Shanghai Futures Exchange were down while they followed yesterday’s performance on the LME.* Asian-Pacific equities were mixed this morning* Gold prices were rebounding this morning, a...Read More

Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesDecade of performance: Pitram delivers diamond standard for Argyle diamond mineSPONSOREDmicromineThe company said it had commenced limited pre-development activities including haul road constru...Read More

China's domestic rebar prices fell sharply on Tuesday January 12 on destocking pressure and falling futures.DomesticEastern China (Shanghai): 4,380-4,400 yuan ($676-679) per tonne, down by 100 yuan per tonneRebar futures fell during the night trading session on Monday, resulting in bearish sentiment in the spot market on Tuesday morning.Sellers cut prices to stimulate sales, but buyers withdrew fr...Read More

AbbVie (ABBV), an S&P 100 stock moved above $67.00 to an all-time high extending a long term uptrend.Xcel Energy (XEL), a NASDAQ 100 stock moved below $63.91 extending an intermediate downtrend. General Motors (GM), an S&P 100 stock moved above $46.71 extending an intermediate uptrend. O'Reilly Automotive (ORLY), a NASDAQ 100 stock moved above $487.95 to an all-time high extending an inter...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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.Fastmarkets assessed Cobalt alloy...Read More

The Cobalt standard grade, in-whs Rotterdam, $/lb 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.Fastmarkets assessed Cobalt standard grade, in-whs...Read More

First Cobalt Corp has finalized long-term cobalt hydroxide feed deals with Glencore and trading company IXM, a subsidiary of mining company CMOC, as part of a plan by the Canada-based company to recommission and expand a currently idle cobalt refinery in the country.The agreements will see Glencore and IXM provide a total of 4,500 tonnes per year of contained cobalt to the First Cobalt refinery, s...Read More

Mining and metals producer Assmang has declared force majeure on its medium-carbon ferro-manganese production in South Africa, a source told Fastmarkets this week.Assmang produces refined ferro-manganese at its Cato Ridge Alloys plant in the eastern province of KwaZulu-Natal and halted production last week. The force majeure declaration was made in the first week of 2021 after...Read More