The three-month nickel price on the London Metal Exchange rose by 1.8% during morning trading on Monday September 23 after more than 19,000 tonnes of material was freshly canceled out of LME-listed warehouses. The nickel futures price recently traded at $17,690 per tonne, rising from Friday's closing price of $17,455 per tonne. One driver of the uptick was the fresh cancellation of 19,650 tonnes o...Read More

Base metals prices on the Shanghai Futures Exchange were largely down during the morning trading session on Monday September 23, with risk sentiment deteriorating following negative developments in United States-China trade negotiations.The latest face-to-face talks in Washington between trade negotiators from both the US and China at the end of last week seem to have failed to yield any fruitful...Read More

The federal court in Bel?(C)m, Brazil, has lifted one of the embargoes on Alunorte's new bauxite residue deposit area, producer Norsk Hydro announced on Friday September 20. An embargo was put in place at Hydro's Alunorte alumina refinery on March 1, 2018, to suspend the use of the solid waste deposit 2 (DRS2). The first embargo lifted was under a civil lawsuit but Alunorte is still subject to a s...Read More

China's domestic hot-rolled coil prices rebounded on Monday September 23 with market participants expecting a supply drop due to production cuts, while exporters remained relatively conservative amid fierce competition from abroad.DomesticEastern China (Shanghai): 3,650-3,670 yuan ($515-517) per tonne, up 50-60 yuan per tonneNorthern China (Tangshan): 3,600 yuan per tonne, up 40-60 yuan per tonneB...Read More

The Triple R deposit contains five mineralized zones over a length of 3.18 km. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium of Kelowna, B.C., says the results of the pre-feasibility study for on an underground only development represent a savings in both capex and construction time for the Triple R deposit compared to an earlier study of both open pit and underground mining.The PFS for F...Read More

China's rebar prices moved up on Monday September 23 after news broke that a few steelmaking regions would restrict production from this week. Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($516-520) per tonne, up 50 yuan per tonneNorthern China (Beijing): 3,570-3,610 yuan per tonne, up 20 yuan per tonneLocal authorities in Tangshan are tightening steelmaking restrictions ahead of the countr...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, plate, sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More

Competitive prices of Russian cargoes softened hot-rolled coil prices in Asia over the past week, though the rate of decline are likely to slow down from this week with Indian offers gaining some stability, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel HRC import, cfr Vietnam - which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold i...Read More

Offer prices for Turkish rebar to Singapore fell again in the week to Monday September 23, due to weak scrap prices....Read More

Import prices for steel slab in Southeast Asia and East Asia breached the psychological floor of $400 per tonne for the first time since July 2017 on Monday September 23 amid weakness in the downstream hot-rolled coil market.A producer in the Commonwealth of Independent States sold 40,000 tonnes of slab to Southeast Asia at $400 per tonne cfr during the week to Monday.After the transaction at $400...Read More

RAPAPORT... BlueRock Diamonds, which owns the Kareevlei mine in SouthAfrica, has sold a 10.6-carat rough diamond for $103,000 at its Septembertender. The stone, fetching $9,571 per carat, is the sixth diamond the miner has sold this yearfor more than $50,000. Those goods have brought in $600,000 combined. "The recovery and sale of yet another high-value diamondcontinues to underpin the...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More

RAPAPORT... The Indian government has lowered the rate of goods and services tax(GST) for certain diamond work in a move that will help buoy the struggling sector, the nation's Gem & Jewellery Export Promotion Council (GJEPC) said. GST on diamond "job work" - manufacturing or otheractivities that a company outsources to a third party, such as diamond cuttingor jewelry making - will drop t...Read More

(IDEX Online) - Former Diamond Trading Company group sales operations CFO Richard J. Whitby has joined ALTR Created Diamonds as CFO. Whitby spent more than a decade working for De Beers. "Lab-grown diamonds are a major innovation that is breathing new life into the diamond industry, and I look forward to applying my expertise to the future of this field at this exciting time," Whitby said in...Read More

(IDEX Online) - The Indian government has announced a 3.5-percent cut in the Goods and Service Tax (GST) on work related to diamonds to 1.5 percent. The move is an attempt to shore up the ailing diamond industry.According to the Business Standard, the cut is expected to release Rs 1,500 crore ($212 million) in blocked working capital into the pipeline. The government made similar cuts for the...Read More

(IDEX Online) - The World Federation of Diamond Bourses (WFDB) Presidents Meeting kicks off in Dubai today. Besides the regular business of the WFDB and the International Diamond Manufacturers Association (IDMA), there are special sessions on lab-grown diamonds and blockchain technology planned for the meeting.The "Lab-Grown Diamonds: A Call for Action," panel will feature Israel Diamond Exchange...Read More

Aim-listed BlueRock Diamonds has sold a 10.6 ct diamond for $103 000.This is the sixth diamond sold for more than $50 000 this year. Together, the six diamonds have generated revenues of $600 000.AdvertisementBlueRock executive chairperson Mike Houston says the sale of another high-value diamond continues to “underpin the increasing potential” of the Kareevlei mine, in K...Read More

Look beyond market approach to project valuations: van ZylLeadershipWhite Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion mineralsAfter paying Cortadera's vendor $2 million in July, Hot Chili will now hand over a further $3 million, with another $...Read More

Turkish domestic scrap prices have gone down over the past week in response to the downturn in imported scrap values, sources said on Monday September 23.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,340-1,450 ($233-252) per tonne on Monday, down from last week's TRY1,400-1,575 per tonne.Following the decline in imported scrap values,...Read More

Seaborne iron ore prices increased on Monday September 23 following steel market gains, amid speculation there will be further restrictions on steelmaking in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $94.12 per tonne, up $1.56 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $94.51 per tonne, up $1.56 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.38 per t...Read More