(IDEX Online) - One of Europe's biggest watch and jewelry trade shows - Inhorgenta Munich - has been canceled.Last November organizers said they were postponing the event from February 2020 to April, but they've now decided to axe it altogether because of Covid concerns."The decision was taken in detailed consultation with the advisory board, as well as exhibitors, visitors and partners,...Read More

(IDEX Online) - The CEO of Namibia's state-owned Namdia diamond company is reportedly facing disciplinary action over alleged irregularities.The board of Namdia (Namib Desert Diamonds) launched an internal inquiry into Kennedy Hamutenya late last year, according to The Namibian newspaper, and a disciplinary has been scheduled to begin on 1 March. In 2018 Mr Hamutenya (pictured) rubbished...Read More

Low-carbon aluminium will be part of the plan by Greek industrial conglomerate Mytilineos to achieve net-zero carbon emissions by 2050, the company said in an online summit on Thursday February 18.Mytilineos owns producer Aluminium of Greece, which has output of more than 182,000 tonnes per year of aluminium. The group also has companies that are active in the fields of energy and engineering solu...Read More

(IDEX Online) - Health officials in Canada have confirmed that five new cases of COVID-19 are linked to the Gahcho Kue diamond mine.It brings the total number of cases to 15.  Three of those who contracted the virus have recovered, 12 are considered active.The site (pictured), jointly operated by De Beers and Mountain Province, halted operations on 6 February and there is currently no word on...Read More

Mitsui Bussan Commodities (MBC) has launched a new regulated subsidiary in Paris, France, to ensure continuity of service for clients after Brexit, it said on Thursday February 18. The subsidiary is called Mitsui Bussan Commodities (France) SA (MBCF) and will aim to expand the company's pan-European capability now that the United Kingdom has left the European Union. The energy team are already pro...Read More

Most of the base metals complex set new year-to-date and multi year highs on the morning of Thursday February 18, with the return of trade in Asia after the Lunar New Year holiday only pushing prices even higher. Copper's three-month price hit $8,630 per tonne shortly after 9am, a 2.75% increase from Wednesday's closing price of $8,390 per tonne. Some 15,000 lots had been traded - more than on eac...Read More

Marubeni Corp has entered into a strategic partnership agreement with battery recycler Retriev Technologies Inc in the United States to develop a new circular business for end-of-life lithium-ion batteries, the Japanese trader said on Wednesday February 17. Two companies will develop a business model by which valuable metals recovered from end-of-life lithium-ion batteries can be reused. They will...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.The coronavirus pandemic has had a massive impact on every part of the global economic system. In response, unprecedented stimulus measures have boosted many countries’ debt-to-GDP ratios to levels not seen since WWII. But even...Read More

China's metals industry returned from holiday to find metal prices were higher and it would appear have chased prices higher, with all the base metals on the London Metal Exchange and Shanghai Futures Exchange showing gains this morning, Thursday February 18. While the metals were higher, Asian equities were for the most part under pressure this morning US 10-year treasury yields remains firm, as...Read More

With negotiations for the annual zinc concentrate treatment charge (TC) under way for 2021, miners and smelters are debating how much to lower the TC after a year of tightening supply.Fastmarkets understands that initial miner offers were close to spot levels of $100 per tonne, while smelters staked their first bids near last year's settlement price of $299.75 per tonne.The 2020 annual benchmark z...Read More

Hot-rolled coil prices in the Unites States remained at historic highs on Thursday February 18.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $60.27 per hundredweight ($1,205.40 per short ton) on February 18, an increase of 0.17% from $60.17 per cwt the previous day and up 1.07% from $59.63 per cwt one week earlier. Inputs were received across all three sub-indi...Read More

Market sources expect domestic prices for steel hot-rolled coil in Europe to remain strong on support from reduced availability and long lead times, sources told Fastmarkets on Thursday February 18.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?725 ($874.46) per tonne on Thursday February 18, down by ?,?4 per tonne from ?,?729 per tonne on Februar...Read More

Steel rebar buyers in Egypt expect prices to increase for March production orders because of rising production costs, sources told Fastmarkets on Thursday, February 18.Demand, however, remains weak because of the limited number of permits being granted for new buildings in the country since the easing of the ban on construction, they added.The cost of steelmaking raw materials from the Commonwealt...Read More

Turkish steel billet prices have increased over the past week due to rising imported scrap costs, market sources told Fastmarkets on Thursday February 18.Despite the most recent deep-sea scrap bookings taking place on February 10, prices for the steelmaking raw material have risen by more than $22 per tonne on a weekly basis.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin,...Read More

Domestic long steel prices in Turkey have continued to increase with support from rising scrap values, market sources said on Thursday February 18.Turkish steelmakers had resumed their deep-sea scrap bookings on February 10, dragging prices up by more than $22 per tonne on a weekly basis.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $408.69 per tonne on...Read More

Italian steel distributors' association Assofermet has sent a letter to the European Commission highlighting distortion in the European Union carbon and stainless flat steel market caused by anti-dumping and safeguard measures. The association has specifically asked not to prolong existing safeguard measures into steel imports beyond their expiration on June 30 this year, it said on Wednesday Febr...Read More

Turkish export prices for steel rebar and wire rod have increased over the past week amid rising import costs for scrap and a recovery in demand, market sources said on Thursday February 18.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $605-620 per tonne on Thursday, up from last week's $595-600 per tonne.The steel producers in the countr...Read More

Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesEnvironmental and social governance (ESG) is critical to the success of miningSPONSOREDonyen corporationThe new economic model outlines an initial ten-year life of mine, processing 2.1 million...Read More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesBradbury, the Aussie more or less mocked in his own country for daring to compete with the northern hemisphere titans at Olympic speedskating, was literally the last man standing when he took gold atRead More

China’s metals industry returned from holiday to find metal prices were higher and it would appear have chased prices higher, with all the base metals on the London Metal Exchange and Shanghai Futures Exchange showing gains this morning, Thursday February 18.* While the metals were higher, Asian equities were for the most part under pressure this morning* US 10-year treasury yields remains fi...Read More