(IDEX Online) - Following the agreement to restructure the Operational Framework System created for the Central African Republic (CAR) at the recent Kimberley Process (KP) Plenary Meeting, the WDC has released updated information about exports from the African country. Under the terms of the revised framework, the CAR government can issue KP certificates to rough diamond shipments for goods s...Read More
(IDEX Online) - The secondhand market, which reached ???EUR? ?26 billion ($28.8 billion) in 2019, is evidence of the evolving mentality of luxury goods buyers. That's just one finding of the latest Bain & Company Luxury Study."We see the secondhand market as a potential avenue for luxury brands to reach a new audience and enlarge their customer base," said Federica Levato, a Bain & Co...Read More
RAPAPORT... Luk Fook's sales fell 20% in the first fiscal half amiduncertainty in the Hong Kong market and the rising price of gold. Total sales dropped to HKD 6.31 billion ($805.5 million) inthe six months ending September 30. Profit for the period slipped 26% to HKD497.3 million ($63.5 million). Same-store sales - at Luk Fook outlets open for more than ayear - in Hong Kong and Macau slid 2...Read More
Turkish deep-sea scrap import prices have increased on a fresh transaction amid tightening supply and good demand, sources told Fastmarkets on Tuesday December 3.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 24,000 tonnes of HMS 1&2 (80:20) at $280 per tonne and 3,000 tonnes of bonus at $290 per tonne cfr. The cargo was scheduled for shipment in January.This compares...Read More
Vale plans to produce 49 million tonnes of iron ore pellet in 2020 by gradually restarting idled capacity throughout next year, the company's ferrous and coal director, Marcelo Spinelli, said this week.During the first half of 2020, the company will focus more on replenishing Chinese stocks of Brazilian Blend Fines (BRBF), which the company regards as the strategic basis for iron ore use in China,...Read More
Seaborne iron ore prices weakened on Tuesday December 3 amid losses in futures and rebar markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $88.31 per tonne, down $0.14 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $87.40 per tonne, down $0.14 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.20 per tonne, down $0.12 per tonne.58% Fe fines high-premium, cfr Qingd...Read More
Galena provides a leading lightSPONSOREDgalena miningThe plus-4km-wide and 1.2km deep pit, where a 144Mt pit wall failure cost months of production in 2013, produces about 8% of America's copper.Rio Tinto says it has spent more than $1 billion deepening and pushing back the south wall of the mine, taking Bingham's mine life out to 2027. It now plans to spend $1.5 billion more on the southern pushb...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesThe latest Limon drilling returned 40m at 0.1 grams per tonne gold, 0.12% copper and 19 parts per million molybdenum from 863m downhole.Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials....Read More
Participants in the seaborne coking coal market said they saw little room for prices to move significantly amid stable supply-demand drivers.Fastmarkets indicesPremium hard coking coal, fob DBCT: $136.86 per tonne, down $1.09 per tonnePremium hard coking coal, cfr Jingtang: $147.60 per tonne, up $0.97Hard coking coal, fob DBCT: $120.70 per tonne, unchangedHard coking coal, cfr Jingtang:&...Read More
Galena provides a leading lightSPONSOREDgalena miningIn September the company began operating one of the largest, most ambitious and important ore conveyor systems in mining which will take material 14km from the bottom of the underground mine to the surface for processing. The system, built by Ingenieria y Construccion Sigdo Koppers (ICSK), will transport 140,000 tonnes per day of ore for the nex...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesFor Mather, transitioning from a junior explorer with no mine building experience into a large-scale miner via the financing and development of a multi-billion dollar blockcave mining operation seemsRead More
Vale has cut its iron ore production and sales target to 68-73 million tonnes from 70-75 million tonnes for the March quarter 2020, due to a reduction in operating rates for up to two months at its Brucutu mine.The company is to temporarily suspend tailings disposal at the Laranjeiras dam serving the Brucutu mine to assess the dam's geotechnical characteristics, the Brazilian miner said late...Read More
Galena provides a leading lightSPONSOREDgalena miningThe Marimaca resource now includes a measured and indicated resource of 70.4 million tonnes grading 0.60% copper and an inferred resource of 43Mt grading 0.Read More
China's hot-rolled coil prices continued to gain on Tuesday December 3 despite slower trading, with supply remaining tight in the east of the country.DomesticEastern China (Shanghai): 3,740-3,750 yuan ($531-532) per tonne, up 20 yuan per tonneNorthern China (Tangshan): 3,640-3,650 yuan per tonne, widening upward by 10 yuan per tonneA Shanghai-based trader said trading in the east of the...Read More
China's domestic rebar prices decreased on Tuesday December 3 amid bearish expectations for weakening demand but high output over the next two months. Eastern China (Shanghai): 3,990-4,020 yuan ($566-571) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,720-3,750 yuan per tonne, down 40 yuan per tonne December and January are seasonally weak months for rebar demand in mo...Read More
More...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subsc...Read More
While the metal markets have hardly been bullish, United States President Donald Trump undermined confidence across broad markets when he re-imposed tariffs on steel and aluminium imports from Argentina and Brazil and threatened France with tariffs too.This has raised concerns that a US-China trade deal may be delayed, especially following Trump's signing legislation supporting protesters in Hong...Read More
LME aluminium price rose 1.1% last...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soo...Read More
Base metals prices on the Shanghai Futures Exchange were broadly down during the morning trading session on Tuesday December 3 after a pick-up in global trade tensions dampened market sentiment. On Monday, US President Donald Trump announced via a series of posts on social media platform Twitter that he was imposing new tariffs on steel and aluminium imports from Brazil and Argentina."Brazil and A...Read More