SHANGHAI, Mar 29 (SMM) – Copper prices are likely to be rangebound at a relatively high level in 2018 as supplies of copper concentrate tighten, Jiangxi Copper said in its earnings report on Thursday March 28.The growth in global copper concentrate output is set to slow down in the next two to three years as the last round of copper mine investment comes to an end. Consumption, meanwhile, wi...Read More

Market slowing ahead of Passover andEaster. Recovery in watch industry lifts mood at Basel show, but event fails toraise diamond-dealer sentiment due to low attendance. Indian fraud cases increaseconcerns about credit. High rough prices reducing manufacturing profit, withpolished factories working below full capacity. Asian demand up, with Chow SangSang 2017 sales +3% to $2.1B, profit +18% to $112...Read More

Prices in India for local secondary steel billet have increased by about 100 rupees per tonne in the current week, with demand for both semi-finished and finished products remaining steady and the number of inquiries rising toward the weekend.On Thursday March 29, prices for Indian domestic secondary billet, mainly produced through the induction furnace route, were 32,700-32,900 rupees ($503-506)...Read More

It aims to issue new shares at a price of £0.036 (US$0.051) per share, a discount of 12.2% to the closing mid-price of £0.041/share on March 28 and the same price as the Greenstone Resources subscription.Read More

(IDEX Online) - The 62nd Bangkok Gems and Jewelry Fair 2018 is to be held from September 7-11, at IMPACT Muang Thong Thani, Bangkok, Thailand.   It will feature 900 companies in over 2,000 booths from selected domestic and overseas exhibitors.    Goods on offer will include gemstones (precious stones, semi-precious stones), rough stones, diamonds, pearls, precious metal, synthetic...Read More

SHANGHAI, Mar 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rose to 90 given the inflow of month-end capital and as concerns of a trade war eased. Positive economic data from the US released overnight also buoyed the index.Base metals saw mixed trading as SHFE metals, except for copper and lead, fell. L...Read More

Turkish billet prices drifted down over the past week, amid sluggish demand for both domestic and imported material, sources told Metal Bulletin on Thursday March 29.CIS billet suppliers reduced their offers into Turkey to $550-560 per tonne cfr, but sources said that Turkish buyers are not interested in paying any higher than $540 per tonne.Metal...Read More

(IDEX Online) - The Baselworld watch and jewelry show wrapped up its 2018 edition on Tuesday after six days.   The show previously lasted eight days.   This year's edition also saw a smaller attendance - down to 600+ exhibitors from 1,300 last year and about 1,500 the year before.   Baselworld's organizers announced last year that they were planning to reduce the length of...Read More

SHANGHAI, Mar 29 (SMM) –Copper: A stronger US dollar and falling oil prices are likely to keep copper prices under pressure. We expect LME copper to trade at $6,640-6,690/mt today and the SHFE 1805 contract at 49,400-49,900 yuan/mt. Spot discounts are expected at 200-140 yuan/mt.Aluminium: A total of 18,000 lots of short positions were added to SHFE aluminium at the start of the trading...Read More

The base price assessments for flat and long stainless steel products in Europe remained stable this week amid strong competition between stockholders, sources told Metal Bulletin on Thursday March 29.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was ?,?1,050-1,130 ($1,299-1,397) per tonne delivered in Northern Europe on Thursday, unchanged...Read More

(IDEX Online) - HRD Antwerp has announced the opening of a jewelry grading lab in the Santacruz Electronics Export Processing Zone (SEEPZ) in Mumbai, where manufacturers/exporters are based.   "Our customers will have safe, reliable and easy access to our services," said Ravi Chhabria, Managing Director of HRD Antwerp India. "Our laboratory has the know-how and tools to thoroughly analyze je...Read More

RAPAPORT... Mountain Province saw $134 million in revenue from the firstyear of operations at its Gahcho Ku?(C) mine, the company said this week. The miner sold 2 million carats at an average price of $70per carat during 2017, and recorded a profit of $13.4 million (CAD 17.2 million). MountainProvince started recovering diamonds from the asset in late 2016 and reachedcommercial production - its ex...Read More

The most important marker right now is the silver to gold ounce ratio.Read More

China's ferrous futures experienced a third morning of gains on Thursday March 29 after big losses toward the end of last week after both the country and the United States announced fresh tariffs against each other's products.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,260 yuan ($518) per tonne, up 42 yuan per tonne May hot-rolled coil: 3,616 yuan per tonne,...Read More

Base metals prices on the London Metal Exchange are for the most part stronger today, Thursday March 29, with prices up by an average of 0.6%. Nickel leads the advance with a 2% rise to $13,300 per tonne, while copper is up by 1% at $6,732 per tonne.Volume has been high with 12,789 lots traded as of 07.56am London time. This morning's strength builds on recent consolidation, with most of the metal...Read More

RAPAPORT... Firestone Diamonds recorded its first half-year revenue from the Liqhobongmine in Lesotho, the company said Tuesday. The miner saw sales of $28 million from the recovery of379,716 carats during the six months ending December 31, at an average price of$74 per carat.The company posted a net loss of $1.9 million for the period. "In our first six months of full-scale production at Liqhobon...Read More

Hungarian-born Munk built Barrick up from modest investments in two small mines in Ontario and Quebec in 1983 to a company with operations spanning across the Americas to Saudi Arabia, Zambia, Papua New Guinea, and Australia.Born into a prosperous Jewish family in Budapest in 1927, Munk and his family fled the invading Nazis in 1944 and arrived in Toronto with a single suitcase in 1948, when Peter...Read More

Persistently low buying interest in East Asia, inventory pressures in China, and falling nickel prices continued to push down the region's stainless steel market over the past week.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed CRC was $2,090-2,180 per tonne cif East Asian ports for the week ended Wednesday March 28, down $70-80 per tonne from a week earlier. Metal B...Read More

SHANGHAI, Mar 29 (SMM) – Nonferrous metals futures rose across the board during the afternoon trading session on Thursday March 29 with SHFE nickel up close to 2% and copper up nearly 1%.Ferrous metals, meanwhile, all closed over 1% higher, except for coke, which was down just over 1%.Copper: The SHFE 1805 contract hit a high at 50,100 yuan/mt today as some investors added to their long bets...Read More

SHANGHAI, Mar 29 (SMM) – Nonferrous metals futures rose across the board during the afternoon trading session on Thursday March 29 with SHFE nickel up close to 2% and copper up nearly 1%.Ferrous metals, meanwhile, all closed over 1% higher, except for coke, which was down just over 1%.Copper: The SHFE 1805 contract hit a high at 50,100 yuan/mt today as some investors added to their long bets...Read More