RAPAPORT... Stornoway Diamond Corporation has suspended operations atthe Renard mine in Canada due to a local forest fire.The blaze had reached within 100 meters of the mine's accessroad as of 6:30 a.m. Eastern Standard Time (EST) Monday, Stornoway said. It was also3.6 kilometers south of the Clarence and Abel Swallow Airport, whichserves the project site, though it was still 12.6 kilometers south...Read More

The US Midwest aluminium premium dropped for the third assessment in a row, as an ever-widening backwardation on the London Metal Exchange has pushed suppliers to offer at levels not seen since early April. American Metal Market's latest assessment of the US P1020 spot premium dropped to 20-20.75 cents per lb on Tuesday July 3, down from 20.5-21 cents per lb previously. The premium is now dow...Read More

RAPAPORT... Angola plans to allow miners to sell up to 60% of roughdiamonds to companies of their choice, including to their own tradingdivisions, Reuters reported last week. The changes are part of the country's reforms to its diamondsector under President Jo??o Louren??o, who came to power inSeptember. Producers must currently sell through state-owned tradingcompany Sodiam. As a result, Catoca,...Read More

(IDEX Online) - The Israel Diamond Exchange (IDE) has hosted an official visit of a high-level delegation from the State of Gujarat, India, where IDE President Yoram Dvash and Chief Minister Vijay Rupani spoke of the close connection between the diamond communities of both countries. Dvash and Rupani spoke about the growth and prosperity that the diamond trade brings to both sides, and discussed w...Read More

(IDEX Online) - Stornoway Diamond Corporation reports that operations at the Renard Diamond Mine have been temporarily suspended due to a local forest fire. As at 06.30 EST on Monday, the fire was located 12.6 kilometres south of the Renard Mine, but just 3.6 kilometres south of the Clarence and Abel Swallow Airport and within 0.1 kilometre of the mine's access road. It covers an area of 18 kilom...Read More

(IDEX Online) - The GIA announced that Okavango Diamond Company (ODC) is participating in the Institute's M2M program. As part of a pilot initiative, a selection of ODC rough diamonds that have been evaluated by GIA for its M2M program will be offered at the ODC July 2018 Spot Auction. "The M2M platform allows ODC, and our customers, to finally share with the consumer the story of the proud herita...Read More

A summary of base metals premiums from across the globe for the week to Tuesday July 3.Please click...Read More

Comex copper prices were slightly lower on Tuesday July 3 morning in the US, with trade shallow ahead of the Fourth of July holliday.Copper for September settlement on the Comex division of the New York Mercantile Exchange inched down 0.10 cents or 0.1% to $2.9430 per lb. The contract now sits at its lowest point since August 2017.Base metals have...Read More

The latest metal markets news and price moves for the start of the North American day on Tuesday July 3.Base metals on the London Metal Exchange edged higher during morning trading, supported by a downtick in the dollar index, while turbulent trade relations between the United States and major economies continue to destabilize commodities.Here's how base metals prices looked at 11:56am London time...Read More

Base metals on the London Metal Exchange edged higher during morning trading on Tuesday July 3, supported by a downtick in the dollar index while turbulent trade relations between the United States and major economies continue to destabilize commodities. "London has seen a re-emergence of the systematic sell programs after the poor closes last night, where most [base metals] settled on the session...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday July 3*Copper -$89.71 (-601.00 yuan)Aluminium -$510.61 (-3,420.95 yuan) Zinc $12.81 (85.81 yuan) Nickel -$177.86 (-1,191.59 yuan) *Metal Bulletin calculates the physical arbitrage for import into China...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transactions: rebarRebarOman, export, rebar, traded at $615-620 per tonne cfr, theoretical weight, to the UAE.Oman,...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBilletIran, export, billet, offered...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, HDGHot-rolled coilChina, export, hot rolled coil (2mm), offered at $620-625 per tonne cfr, to the UAE.China, export,...Read More

Norwegian ferro-silicon producer Finnfjord Smelteverk will cut about 3,500 tonnes of production between July and August of this year because of planned maintenance to one of its furnaces, according to an industry source. The company, which has its plant in the north of the country, operates three furnaces, one with capacity for 20,000 tonnes per year and two with capacities for 40,000 tpy. Mainten...Read More

Following extensive market engagement, Metal Bulletin has decided to extend the consultation period for the proposed launch of a battery-grade lithium ex-works China index to provide additional time for market participants to submit feedback. Metal Bulletin is committed to providing transparent pricing for the lithium sector and is therefore extending the timeframe to collect further feedback on t...Read More

Daily PDFs will be downloadable until Wednesday July 4. After that, because of a national holiday, the next daily PDF will be downloadable on Friday July 6.Read More

Time to consolidate The base metals have been sold off as trade fears have escalated, exacerbating risk-off sentiment. Technically and fundamentally, we feel prices have fallen far enough. Aluminium: Price forecasts lowered Given a negative technical configuration and challenging fundamental outlook, selling momentum is likely to remain the dominant force in the aluminium market for a while. Any r...Read More

(Kitco News) - Gold and silver prices were moderately higher in early-afternoon U.S. trading Tuesday, on some short covering in the futures markets and perceived bargain-buying in the cash markets. Gold hit a 12-month low overnight and silver scored a seven-month low on Monday. The U.S. dollar index was also lower today, which favored the precious metals market bulls. August gold futures were last...Read More

LME started the new trading month poorly After three consecutive weekly declines, LME aluminium started the new trading month poorly, weighed down by weaker economic data out of China, which lends credence to concerns about the potentially negative impact of the trade dispute with the US. The resilient dollar index is weighing on the base metals complex too. Aluminium prices dropped 1.4% on Monday...Read More