* MSCI Asia-Pacific index down 0.35 pct, Nikkei sheds 0.2 pct* Tech shares retreat broadly on latest US-China row* Dollar sags as US yields decline amid risk aversion* Libyan export woes lift oil after previous day's big fallBy Shinichi SaoshiroTOKYO, June 26 (Reuters) - World stocks extended a sell-off on Tuesday as an escalating trade fight between the United States and other major economies ste...Read More

Comex copper prices traded at the lowest point since March 2018 on Tuesday June 26 with threats of a growing trade war weighing on the metals complex. Copper for July settlement on the Comex division of the New York Mercantile Exchange inched down 0.40 cents or 0.1% to $2.9830 per lb. Earlier, the contract touched $2.9795, the lowest since March 26. "Copper has slipped since mid-June due to growin...Read More

* White House officials send mixed messages on trade policy* Dollar near 2-week low vs yen on risk aversion* Chinese yuan hits lowest in six months* Commodity currencies softer as oil rally halts and copper sagsBy Tomo UetakeTOKYO, June 26 (Reuters) - The dollar slipped against the yen in Asian trade on Tuesday, hovering near a two-week low, as worries about an intensifying fight between the Unite...Read More

* MSCI Asia-Pacific index down 0.75 pct, Nikkei sheds 0.5 pct* Dollar sags as US yields decline amid risk aversion* Libyan export woes lift oil after previous day's big fallBy Shinichi SaoshiroTOKYO, June 26 (Reuters) - Global stocks extended a sell-off on Tuesday as an escalating trade fight between the United States and other major economies steered investors away from riskier assets, lifting sa...Read More

Metal Bulletin is running a one-month consultation to seek feedback on whether to keep excluding certain origins in the assessment of its spot main Japanese ports (MJP) aluminium P1020 cif premium. At present, Metal Bulletin excludes aluminium P1020 from India, Iran, Egypt, Brazil and from London Metal Exchange warehouses (warrants) for its spot MJP premium assessment because brands from these cou...Read More

The latest news and price moves to start the Asian day on Wednesday June 27.Base metals prices on the London Metal Exchange rebounded in late trading after ending mostly lower at the 5 pm close on Tuesday June 26, weakened by volatile trade relations between the United States and other major economies. Read more in our live futures report.Here are how prices looked at the close of t...Read More

The copper cathode premium's ascent in the United States paused over the past week, with the market struggling with a major arbitrage and nightmarish freight conditions.American Metal Market's assessment of the US copper cathode premium was flat at 6.5-7 cents per lb delivered to the Midwest on Tuesday June 26, maintaining the highest level since mid-July 2014. Premiums have moved up by...Read More

The US Midwest aluminium premium has retreated to a level last seen in late March to early April, before the effect of sanctions against Russia set into the market.American Metal Market's assessment of the spot P1020 premium has dropped to 21.25-21.5 cents per lb on Tuesday June 26, the lowest level since the premium was assessed at 18.75-19.25 cents per lb on March 27 and where it remained u...Read More

RAPAPORT... The Israel Diamond Exchange (IDE) has terminated itspartnership with Carats.io because the cryptocurrency company did not haveregulatory approval, both organizations told Rapaport News. The IDE has required Carats.io to cease all public displaysof association with the bourse and its Diamond Tech Innovation Center, exchangepresident Yoram Dvash said in a note to IDE members last week. T...Read More

RAPAPORT... Alrosa sold $10.5 million worth of rough diamonds at anexceptional-stone tender in Dubai, the miner said last week. The 111 stones - each over 10.8 carats - weighed a combined1,725 carats, and fetched an average price of $6,087 per carat. "The auction...concluded with excellent results for us," said EvgenyAgureev, director of the United Selling Organization Alrosa. The final averagepri...Read More

Anglo American's De Beers, the world's largest rough diamond producer by value, said Tuesday it had sold $575-million worth of gemstones in the fifth sales cycle of this year.The figure represents a 6% increase from the $541m obtained in the same period last year and 3.7% higher than the $554m it sold last month."Sentiment in the diamond industry's mid-stream is positive following the JCK Las Veg...Read More

RAPAPORT... The Kimberley Process (KP) discussed plans for a reformagenda at its intersessional meeting in Antwerp last week, includingbroadening its definition of conflict diamonds. "I believe the industry has expressed an unambiguous andclear position," acting president Stephane Fischler of the World DiamondCouncil (WDC) - the group that represents the interests of the globaldiamond industry wit...Read More

(IDEX Online) - De Beers sold rough diamonds with a provisional value of $575 million in the fifth sales cycle (Global Sightholder Sales and Auction Sales) of 2018. The miner reported confirmed sales of $554 million in the fourth cycle. Bruce Cleaver, CEO, De Beers Group, said: "Sentiment in the diamond industry's midstream is positive following the JCK Las Vegas trade show at the start...Read More

De Beers sold $575-million worth of rough diamonds in the fifth sales cycle of this year.This is higher than the $554-million worth of rough diamonds sold in the fourth sales cycle of this year, as well as the $541-million worth of rough diamonds sold in the fifth sales cycle of last year.Advertisement“Sentiment in the diamond industry’s midstream is positive following the JCK Las Vega...Read More

(IDEX Online) - ALROSA shareholders have approved the distribution for 2017 of 38.59 billion rubles (approximately $618 million) in dividends. According to the consolidated financial statements of PJSC ALROSA and its subsidiaries prepared in conformity with IFRS Standards, the net profit, net of income attributable to the non-controlling interest, amounted to 77.075 billion rubles (approximately $...Read More

GFG Alliance is seeking to obtain 5 million tons per year of steel capacity in the United States within the next two to three years, primarily via acquisitions and the restoration of dormant brownfield facilities, executive chairman Sanjeev Gupta said on Tuesday June 26. London-based GFG - parent of industrial conglomerate Liberty House Group, which would directly control the new steel capacity -&...Read More

Diversified junior miner Tango Mining has produced 95 diamonds, weighing 152.63 ct, at its Oena alluvial diamond operation, in South Africa’s Northern Cape province, for the production period ending June 14.The diamonds were sold at an average price of $973.13/ct and included a 10.23 ct diamond that sold for $1 464.32/ct.AdvertisementDiamond production from Oena, since Tango acquired the min...Read More

JSW Steel (USA) plans to spend up to $1 billion on major investments in the United States, including $500 million to install a hot end at its Baytown, Texas, plate mill and $500 million in an acquisition and associated investments at the Acero Junction mill in Ohio, the company's top executive said.That spending comes as the company's focus, which initially targeted heavy plate and energy markets...Read More

Severstal, one of two the largest rebar suppliers to Russia's Central region, has cut its offer prices more dramatically than traders expected, Metal Bulletin has learned. Metal Bulletin's domestic prices for Russian 12mm A500C rebar plunged by 1,500 roubles ($24) per tonne on the low end of the range to a new assessment of 37,000-38,500 roubles ($588-612) per tonne cpt Moscow, including VAT,...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coilIndia, export,...Read More