The International Institute of Diamond Grading & Research's (IIDGR's) SYNTHdetect synthetic diamond screening device has been shortlisted as a finalist for Industry Innovation of the Year in this year’s JNA Awards.SYNTHdetect, launched last year, is the first synthetic diamond screening device to simultaneously test multiple stones in set jewellery and has the industry’s lo...Read More

All MB non-ferrous European scrap prices were unchanged on Friday July 6.Read More

The price of US domestic rebar will remain unchanged due to a lack of market activity, while import prices have dipped on the Section 232 tariffs on steel imports from Canada, Mexico, and the EU, which have effectively priced foreign products out of domestic markets.American Metal Market's price for US domestic rebar remained at $35-36 per hundredweight ($700-720 per ton), according to the la...Read More

The Angolan Council of Ministers (Cabinet) last week approved a new policy on the commercialisation of diamonds. This is intended to stimulate more investments in the production of the precious stones, as well as to open the market to all those interested in it, explained Mineral Resources and Petroleum Minister Diamantino Azevedo. Speaking on the sidelines of the Ministry’s first Consultati...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, HDG, PPGIHot-rolled coilTurkey, domestic, hot-rolled coil, traded at $615-625 per tonne ex-works, September production.Turkey, domestic, hot-rolled coil, offered...Read More

Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish mills were absent from the global scrap markets during the week ending on July 6, owing to weaker finished steel demand and a wait-and-see attitude.Taiwanese scrap prices ticked up on steady mill demand, while Indian prices were subdued for a second week.Metal Bulletin announced the...Read More

Flat steel prices in Turkey's domestic and export markets were largely unchanged this week, while import prices pushed up despite the summer lull limiting demand, sources told Metal Bulletin on Friday July 6. Domestic producers are accepting orders for September production, and have already filled most of their order books for the month. Domestic prices Hot-rolled coil (HRC) producers in Turkey so...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet CIS, export, billet, offered at $510-515 per tonne...Read More

Steel slab prices in July will be relatively stable in Brazil thanks to steady fundamentals, and will hold up in Asia despite soft demand, market participants told Metal Bulletin on Friday July 6.But slab prices are expected to rise in the Commonwealth of Independent States (CIS) amid increasing prices for finished flat steel products and an expected reduction in supply.AsiaSoutheast Asia's and Ea...Read More

India's Tata Steel increased its domestic and European steel output in the quarter ending June 30, the company said on Friday July 6.The steelmaker produced 3.17 million tonnes of crude steel in India during the April-June period, up 7.82% from an output of 2.94 million tonnes in the corresponding period one year earlier.The increase was attributed to a ramp-up of its Kalinganagar operations in Od...Read More

The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday July 6:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $10.65-10.80 per lb from $10.55-10.65 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $26.60-26.80 per kg from $26.40-26.60 Ferro-molybdenum US 65-70% Mo, $/Ib: $12.35-12.55 per Ib from $12.20-12.75 Tungsten European free mark...Read More

(Kitco News) - Wall Street and Main Street have both flipped from bearish to bullish short-term forecasts for gold prices, based on the Kitco News weekly survey.Gold is headed for a small gain in a holiday-thinned week, with Canada Day and the U.S. Fourth of July both occurring in the same week. The metal held up Friday even though U.S. nonfarm payrolls came in slightly stronger than expectations,...Read More

China's domestic spot battery-grade lithium carbonate prices fell on Thursday July 5 due to continued weak demand and the availability of cheaper material; hydroxide prices held steady with most producers maintaining their offers although lower prices are starting to be offered. Chinese lithium carbonate prices fell on lower consumption  Cheaper battery and industrial-grade carbonate prices o...Read More

Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Metal Bulletin.Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back.Metal Bulletin pricesClick here for Metal Bulletin's price assessment for lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works China, yuan per tonneM...Read More

(Kitco News) - Gold and silver prices are slightly lower in early U.S. trading Friday. The just-released U.S. jobs report was deemed upbeat, but precious metals prices saw little reaction to the news and saw their mild overnight losses maintained. August gold futures were last down $1.90 an ounce at $1,257.00. July Comex silver was last down $0.022 at $16.075 an ounce.The closely followed U.S. emp...Read More

Three-month base metals prices on the London Metal Exchange were mixed on the morning of Friday July 6, with nickel (-0.8%), zinc (+1.1%) and aluminium (+0.3%) the main movers, while copper at $6,326 per tonne and tin at $19,455 per tonne were little changed. That said, copper did spike down to a low of $6,221.50 per tonne at around 4am London time. Volume has been high with 16,267 lots traded as...Read More

(Kitco News) - The amount of gold held by global exchange-traded funds and similar products fell by 49.3 tonnes to 2,434.3 tonnes in June, the World Gold Council reported Friday.In U.S. dollar terms, assets under management fell 2.1% from May to $97.9 billion.“Investors seemed to shrug off poor equity-market performance and escalating global trade tensions, pushing the gold price down by 4.2...Read More

Since gold bottomed at the $1050 region in late 2015 many analysts, myself included, have been anticipating a breakout above strong resistance at the $1375 level. However, this past April the yellow metal failed for the third time at this area and has now broken down with a monthly basis close below critical support at $1260 on June 29th. Furthermore, bullion had its worst quarterly performance si...Read More

BEIJING/WASHINGTON (Reuters) - The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their conflict.Hours before Washington’s deadline for the tariffs to take effect, U.S. President...Read More

NEW YORK, July 6 (LPC) - US bank loan funds saw the first week of outflows after 19 consecutive weeks of inflows as market volatility triggered by the trade war dented investors’ appetite for risk assets.Investors pulled US$184.2m from loan funds in the week ending July 4, according to Lipper. This marked the first week of outflows from loan funds since the week ending February 14.The trade...Read More