Rio Tinto Aluminium CEO Alf Barrios told delegates at the Resources for Future Generations conference in Vancouver Tuesday that the trade dispute showed how deeply US-Canadian trade relations ran.Read More

Investing.com - Gold prices were modestly lower on Tuesday, pressured lower by a rising U.S. dollar while trade tensions lingered.Comex gold futures for August delivery were down 0.23% to $1,277.20 a troy ounce as of 10:08 AM ET (14:08 GMT).Trade tensions between China and the U.S. continued, as the two largest economies in the world faced a tit-for-tat over global trade tariffs.In the latest spat...Read More

Under the deal, the Hong Kong-based private equity firm will pay US$230 million for the mine, plus about US$40 million through the sale of copper stockpiled at the operation and up to US$50 million in the future depending on the performance of the copper price.The deal is expected to close by the end of the year."We are very excited by the acquisition of Cerro Colorado. It is a copper mine of scal...Read More

In May, the company signed a memorandum of understanding with Vast Resources to jointly exploit diamonds and it is currently identifying targets for further work.Read More

UC Rusal has started to export bauxite mined at Dian-Dian in Guinea's Bok?(C) province. Shipments follow the completion of the first stage of development at the deposit, which has capacity of 3 million tonnes per year of bauxite. As part of the first stage, Rusal has built the necessary roads, railway and other infrastructure needed...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia were stable this week following the Eid al-Fitr break, sources told Metal Bulletin on Tuesday June 19.Buyers expect new price offers later this week or early next week. The UAE returned to work on Monday June 18, but Saudi Arabia will continue celebrating Eid until Thursday June 21. UAE traders expect offers from China to...Read More

Canada's Nutrien (TSX:NTR), the world's largest potash miner, is closer than ever to fulfilling all conditions for the merger between Potash Corp. and Agrium, which created the company, after India's antitrust regulator green-lighted the sale of its 24% stake in Chile's Chemical and Mining Society (SQM) to China's Tianqi.The country's Competition Commission (CCI) had given Nutrien until April...Read More

The latest news and price moves to start the Asian day on Wednesday June 20.Base metals on the London Metal Exchange ended trading broadly lower on Tuesday June 19, led by a 2.2% drop in aluminium prices, while nickel and zinc's three-month prices dipped 2.1%. Read more here in our live futures report.Here is how prices looked at the close of trading:BHP has agreed to sell its Cerro Colorado coppe...Read More

Mill-grade aluminium scrap prices in the United States have edged lower following declines on the London Metal Exchange, while most smelter-grade scrap prices maintained a steady footing.Prices for mill-grade aluminium scrap fell by 2 cents per lb across the board on Monday June 18, while the price for used beverage cans also dropped by 2 cents, according to American Metal Market's...Read More

The US Midwest copper premium in the United States has risen by a half-cent, with freight costs propelling the market to a nearly four-year high.American Metal Market's assessment of the US copper cathode premium rose to 6.5-7 cents per lb delivered to the Midwest on Tuesday June 19, the highest level since mid-July 2014. This marks the second upward move since late May, when t...Read More

RAPAPORT... Michael Hill has restructured its Australian leadership teamin an effort to focus more attention on its core brand. Tishara Mina, general manager for the retailer's Emma &Roe label (pictured, right), will take on responsibility for six of the company's 13 regions inaddition to overseeing Emma & Roe on an interim basis. Kevin Stock (left), whopreviously oversaw the entire M...Read More

RAPAPORT... Platinum jewelry demand grew in India and the US in thefirst quarter due to tax reforms and positive economic conditions, PlatinumGuild International (PGI) reported. US purchases at PGI's retail partners grew 12% for theperiod amid low unemployment and increased consumer confidence, combinedwith a drop in platinum prices, the trade organization said.. Sales in India rose 25% year on ye...Read More

RAPAPORT STATEMENT, June 19, 2018 ... The De Beers Group is refusing to allow its clients to disclose the legitimacy of diamonds from De Beers. All De Beers' rough diamonds are now opaque. That's 42% of the world's legitimate diamond production in 2017, and $14.993 billion of rough diamonds from 2015 through 2017.In a letter to clients, De Beers states: "In relation to programmes such as GIA's 'Mi...Read More

RAPAPORT... A new industry networking event, JewelPoint, is set tolaunch later this year, connecting private-label manufacturers with US buyers. JewelPoint will help bring together buyers and suppliers ofhard-to-source gold, loose gemstones, unbranded finished-gemstone jewelry andestate jewelry. The event is intended to complement regular trade shows ratherthan replace them. The first edition wil...Read More

Mining and metals stocks came in for more punishment on Tuesday as the trade spat between the US and China escalated amid a war of words between Washington and Beijing.On Tuesday, Donald Trump threatened to impose a 10% tariff on $200 billion of Chinese goods in retaliation for what the US president called the country's "predatory" trade practices. Beijing also ratcheted up the rhetoric accusing...Read More

De Beers Group is said to be refusing to allow its clients to disclose the legitimacy of diamonds from the company. (Image courtesy of De Beers Group)De Beers Group is refusing to allow its clients to disclose the legitimacy of diamonds from De Beers. All De Beers' rough diamonds are now opaque. That's 42% of the world's legitimate diamond production in 2017, and $14.993 billion of rough diamonds...Read More

RAPAPORT... New York-based Global Diamond Group has refused to return a 30-carat pink diamond in an attempt to force the stone's majority owner into a buyoutdeal, according to a lawsuit.Global, which has the diamond on memo, held the stone"hostage" so that L.J. West Diamonds would buy its 15% stake in the diamond, L.J. West alleged in a June 14 filing at the Supreme Court of the State of NewYork....Read More

RAPAPORT... Researchers in Antwerp have developed fully automatedpolishing technology that, they claim, will make the production process 10 to20 times faster. The new equipment, Fenix, will take an hour and a half tocarry out work that currently takes manufacturers a full day, the Antwerp WorldDiamond Centre (AWDC) said Monday. The Scientific and Technological ResearchCenter for Diamonds (WTOCD),...Read More

More than 55 billion metric tonnes of resources are consumed each year and that figure is growing as rising urbanisation and the world's growing middle classes devour more minerals as they strive for better living standards.Janice Zinck, a director at Canmet MINING, the research, development and innovation incubator of Natural Resources Canada, told the inaugural Resources for Future Generations c...Read More

(IDEX Online) - Platinum Guild International (PGI) has released its Q1 Platinum Jewellery Business Review of the platinum jewelry market around the world revealing a number of trends that are encouraging market optimism including economic growth, young consumers, wedding traditions and self-purchasing habits.   "Around the world we see opportunities for increased platinum jewelry consumption...Read More