RAPAPORT... Lucapa Diamond Company has found a 114-carat stone at its Lulo mine in Angola, it said Wednesday. The diamond, which it recovered from Lulo's alluvialmining block 6, is the 11th over 100 carats the company has unearthed, and thethird in 2018. Lucapa will sell the stone at a tender later this year along withother large diamonds from its inventory, it said. The miner also operates the Mo...Read More

Base metals on the London Metal Exchange were broadly lower during morning trading on Wednesday July 11, unsettled by trade tensions amid threats of further US-imposed tariffs against $200 billion worth of Chinese goods.The announcement comes after the US implemented tariffs on $34 billion worth of goods last week, prompting large scale sell-offs across the complex and adding more fuel to the ongo...Read More

RAPAPORT... Two Asian organizations have formed a cross-border gem andjewelry industry group, aiming to improve international relations within thetrade. The Asian Institute of Gemological Sciences (AIGS) and theJewelry Trade Center (JTC) have partnered to create the JTC-AIGS LeadersCouncil (JALC), a forum for discussing pressing issues within the industry, thegroups said Tuesday. "JALC is an initi...Read More

(IDEX Online) - The World Federation of Diamond Bourses (WFDB) has announced that the 2018 World Diamond Congress, the biannual meeting of the WFDB and the International Diamond Manufacturers Association (IDMA), will take place in Mumbai, India, from October 23 to 25. WFDB President Ernie Blom said: "I am delighted to be able to confirm the dates for the World Diamond Congress. I would also like...Read More

The first exploration programme undertaken by Botswana Diamonds’ geologists at the Sunland Minerals joint venture (JV), in Botswana, has revealed “encouraging quantities” of kimberlitic indicator minerals (KIMs) identified at all eight anomalies sampled.A total of 267 KIMs were discovered, including 41 garnets, 13 chromites, 139 ilmenites, four chrome diopsides and 70 olivin...Read More

(IDEX Online) - The 7th edition of the Forevermark Forum took place this week in Delhi, with the highlight being the presence of "Sophia", an advanced social humanoid robot developed by Hong Kong-based company Hanson Robotics. The Forevermark meeting provides a platform for partners to interact, transact and gain a new perspective on Forevermark's growth in the context of events within and outsid...Read More

(IDEX Online) - A new Asia-based gem and jewelry leadership group has been established to boost knowledge and improve ties across the global industry. The JALC (JTC-AIGS Leaders Council), established by a partnership between the Bangkok-based Jewelry Trade Center (JTC) and the Asian Institute of Gemological Sciences (AIGS), will include internationally renowned figures from the gem and jewelry com...Read More

Argentina's automotive production dropped by 13.40% year-on-year in June 2018, with the sector affected by a national strike and also by protests in neighboring Brazil, according to national automotive association Adefa.Production totaled 39,420 vehicles in June, compared with 45,496 units in the corresponding month last year, Adefa said last week. It was the first monthly decrease of this year in...Read More

PERTH (miningweekly.com) – ASX-listed junior Merlin Diamonds is poised to start mining at its namesake project, in the Northern Territory.The company on Wednesday said that the Northern Territory’s Department of Primary Industry and Resources had reviewed the amended mine management plan, and was satisfied that it met the requirements of the Mining Management Act.AdvertisementThis mean...Read More

PERTH (miningweekly.com) – ASX-listed Lucapa Diamond Company has recovered a 114 ct diamond at its Lulo project, in Angola.The company on Wednesday said that the stone was recovered from alluvial Mining Block 6, and is the eleventh diamond over 100 carats recovered to date, and the third so far in 2018.AdvertisementThe Lulo mine in May also delivered a 46 ct gem-quality pink diamond.Meanwhil...Read More

Domestic prices for steel beams in Europe remained unchanged this week, despite mills cutting offer prices in response to the arrival of low-priced imported material, sources told Metal Bulletin on Wednesday July 11.Metal Bulletin's weekly price assessment for domestic S235-grade, 200x200mm category-2 H-beam in Northern Europe were flat week on week at ?,?590-630 ($692-739) per tonne delivere...Read More

Domestic prices for mesh-quality wire rod produced and delivered in Southern Europe strengthened over the past week, amid supply concerns before the expected preliminary decision in the EU safeguard case, sources said on Wednesday July 11.Metal Bulletin's weekly domestic price assessment for mesh-quality wire rod in Southern Europe was ?,?530-550 ($622-645) per tonne delivered on Wednesday, up fro...Read More

Prices for rebar produced and delivered in Southern Europe rose sharply for the second consecutive week while supply tightened amid summer mill maintenance, sources told Metal Bulletin on Wednesday July 11.Metal Bulletin's weekly price assessment for domestic rebar in southern Europe was ?,?505-530 ($593-622) per tonne delivered on Wednesday, up from ?,?500-515 per tonne one week earlier. The asse...Read More

The Turkish Steel Producers Association (TCUD) has warned that Turkey may become an open market for dumped steel imports unless swift action is taken by the government. Turkey's steel exports fell by 3.90% to 8.14 million tonnes in January-May 2018, while steel imports increased by 18% to 7.5 million tonnes, TCUD said on Wednesday, July 11. The main reason for the decline in Turkey's steel ex...Read More

Key data from the Wednesday July 11 pricing session in Europe. Key drivers - Ferro-titanium prices dropped amid slow trading activity in seasonal slowdown, with steel plants shutting for worker vacations. Some steel mills in Europe are shutting for three weeks until Monday August 6. - Some suppliers lowered their offer prices to encourage buying interest and book some profits before...Read More

The following Metal Bulletin minor metals prices changed on Wednesday July 11:Minor metals Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 51,000-52,000 yuan per tonne from 50,500-51,500 yuan Cobalt MB free market high grade, $/lb: $38.30-39.65 per lb from $38.85-40.00 Cobalt MB free market low grade,...Read More

The following Metal Bulletin noble alloys and ores prices changed on Wednesday July 11:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $10.75-10.90 per lb from $10.65-10.80 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam,...Read More

Largo Resources Ltd has reached yet another milestone at the Maracas Menchen mine after achieving a new average daily production record of 29.4 tonnes of vanadium pentoxide (V2O5) per day during the month of June.The Toronto, Canada-based vanadium producer saw total production reach 2,458 tonnes of V2O5 at the Brazilian mine during the second quarter of 2018, up 13% from 2,183 tonnes in the same y...Read More

Prices for US heavy melting scrap (HMS) exports to Turkey dropped by as much as $10 per tonne in three lower-priced cargoes reported on Tuesday July 10, while the bulk scrap market off the US West Coast remained quiet.The lowest-priced cargo involved 36,000 tonnes of an 80:20 mix of No 1 and No 2 HMS sold at $343 per tonne cfr - down from cargoes sold at around $353 per tonne cfr from the US East...Read More

Metal Bulletin has corrected its import price assessment for hot-briquetted iron (HBI) in Italy, which was published incorrectly on June 29, 2018, due to an administrative error.The price was published at $300-310 per tonne cfr. It has subsequently been corrected to show $320-330 per tonne cfr.The specifications for this assessment are as follows: Assessment: Italian hot-briquetted iron, $ per ton...Read More