RAPAPORT... Alrosa has recommenced production at its Zarnitsa open-pit mine in Yakutia following a 14-month shutdown.The mine reopened on July 1, with ore extraction due to take place this year, Alrosa said Wednesday. However, the move will not affect the company's 2021 production outlook, as processing of diamonds will only begin in2022, noted Sergey Pavlenko, head of the Udachny division, which...Read More

(IDEX Online) - Alrosa has resumed operations at another low-output mine, as the demand for rough recovers.The Zarnitsa open-pit mine (pictured), in Yakutia, Russia, stopped production in May 2020 as the market slumped, but the state-owned miner said it resumed operations on 1 July.Ore from Zarnitsa - one of the first primary diamond deposits discovered in the then-USSR -  will not be process...Read More

Import activity for copper cathodes into China rose on Thursday July 15, supported by improved arbitrage opportunity between London and Shanghai futures markets.The loss for importing the red metal into the country has been narrowing in the week to July 15. This, together with a rise of spot premiums in China's domestic copper market, buoyed buyers' profits. Fastmarkets' calculated the copper...Read More

(IDEX Online) - The government of Zimbabwe admits it has lost 350,000 carats of rough diamonds, with an estimated value of $140m. They were stored at repositories belonging to Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe Consolidated Diamond Company (ZCDC).  Both are wholly owned by the government. In a newly-released report, the country's Auditor-General Mildred Chiri...Read More

Packaging company Ball Corporation is planning to build new plants in western Russia and in the East Midlands region of the UK, adding billions more cans per year to existing capacity from 2023, the company has said.Ball is based in the US state of Colorado. It said that increasing consumer demand for more sustainable purchasing options, and the adoption of cans by a growing number of new brands a...Read More

Chinalco Shanxi New Material Co suspended production on an alumina line at its refinery in Shanxi province last weekend, removing 500,000 tonnes per year from its annual output, sources told Fastmarkets on Thursday July 15.The subsidiary of the state-owned Aluminum Corporation of China (Chinalco), has an annual capacity of 2.5 million tpy - although that has been reduced to 1.7 million tpy since t...Read More

(IDEX Online) -  Signet Jewelers rose up the rankings in the National Retail Federation (NRF) new list of Top 100 Retailers in the US - from 98th place to 78th.But its total retail sales plunged by almost a quarter from $6.05bn in 2019, to $4.65m in 2020 according to the NRF data, provided by Kantar data analytics. Walmart and Amazon.com, placed first and second respectively in both 2020...Read More

Hot-rolled coil prices in the United States remained near $91 per hundredweight ($1,820 per short ton) on Thursday July 15, one day after exceeding that threshold for the first time.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $90.93 per cwt ($1,818.60 per ton) on July 15, down by 0.44% from $91.33 per cwt on Wednesday July 14 but up by 1.63% from $89.47 per cwt on...Read More

Steel reinforcing bar prices in the United States increased on Wednesday July 14 for the first time since June 16. Fastmarkets' assessment for steel rebar, fob mill US was $49 per hundredweight ($980 per short ton) on Wednesday, up 2.08% from $48 per cwt the previous week and up 70.44% from $28.75 per cwt at the same time last year.US marketNucor Corp and Mid-Continent Steel and Wire each increase...Read More

A summary of operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), for January-June 2021 compared with the same period of last yearIn brief NLMK group sales of 8.24 million tonnes were down by 7% year on year from 8.86 million tonnes. Sales in its home markets, which include Russia, the US, Belgium, Italy and France, increased by 3% to 5.5 million tonnes from 5.36 million...Read More

Demand for steel rebar and billet in Egypt was subdued in the week to Thursday July 15 because buyers preferred to wait until after the upcoming Eid al-Adha holiday before conducting new business, sources told Fastmarkets.Eid al-Adha is expected to take place next week and market participants did not want to make any bookings before the four-and-a-half-day religious holiday.At the same time, uncer...Read More

Domestic prices for hot-dipped galvanized coil in northern Europe were stable in the week to Wednesday July 14 despite a decline in offers for overseas material, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil import, cfr main port Northern Europe was ?,?1,200-1,240 ($1,417-1,464) per tonne on July 14, down by ?,?50-60 per tonne week on week from...Read More

The company achieved an average gold price of US$1,816 per ounce during the quarter and $4.40 per pound for copper.Read More

Proudfoot Global CEO Pamela Hackett talks wrestling chaos with industry leadersSPONSOREDproudfootYandal building on discovery successSPONSOREDyandal resourcesEmerging producer Horizon Minerals eyes mid-tierSPONSOREDhorizon mineralsRumble growing with Earaheedy discoverySPONSOREDrumble resourcesEl Palamar has been drilled once previously, by Codelco, which intersected porphyry copper-gold mineralis...Read More

Located 8km west of the mainstay T3 deposit, the higher-grade A4 discovery is being banked on to upscale Motheo from a 30,000tpa copper producer to 55,000tpa within 12-18 months of first T3 productionRead More

(Adds detail, writes through) MELBOURNE, July 16 (Reuters) - Rio Tinto reported a 12% fall in quarterly iron ore shipments on Fridayafter storms affected its West Australian operations, but isexpected to report bumper results this month on soaring pricesfor the steel raw material. Rio said it now expects to ship near the lower end of itsrange of 325 million tonnes (mt) and 340 mt in calendar 2021,...Read More

China's steel industry is driving a change towards carbon-neutral or low carbon-based steel production in response to national plans to reach peak carbon by 2030 and carbon neutrality by 2060.Carbon neutrality is a shared challenge for the global steel industry but China faces some unique ones, Frank Zhong, the chief representative in Beijing of the World Steel Association (Worldsteel), said on Th...Read More

Turkish steel producers were inactive in the deep-sea scrap import markets on Thursday July 15 due to a public holiday in the country, sources have told Fastmarkets.Steel and scrap trading were expected to slow in the coming weeks because of several public and religious holidays. Turkish market participants were not at work on Thursday with the country...Read More

The coking coal market in China slightly inched down on Thursday July 15. The fob coking coal market held steady without much firm buying interest for August-laycan cargoes on the same day, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $210.15 per tonne, up $0.12 per tonnePremium hard coking coal, cfr Jingtang: $307.63 per tonne, down $0.69 per tonneHard coking co...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.U.S. economic news to be released at 8:30 AM EDT and 9:15 AM EDT is expected to show extensions of recent advances. July Empire State Manufacturing Survey to be released at 8:30 AM EDT is expected to increase to 18.50 from 17.40 in June. July Philly Fed Index to be released at 8:30 AM ED...Read More