China's rebar prices fell in both the domestic and export markets on Monday March 19 amid declining futures and weak demand. Domestic Eastern China (Shanghai): 3,730-3,800 yuan ($589-600) per tonne, down 50-60 yuan per tonne Northern China (Beijing): 3,870-3,900 yuan per tonne, down 30 yuan per tonne Rebar futures fell sharply in the first few minutes of trading, which led to a deterioration of se...Read More
SHANGHAI, Mar 19 (SMM)? 1/4 ?China's refined copper output stood at 1.48 million mt in the first two months of this year, according to data from the Chinese customs. Iron ore production during the two-month period amounted to 123.46 million mt, down 2.5% year on year; lead production stood at 845,000 mt, up 16.1% year on year; and zinc output was 957,000 mt, up 2.5% fr...Read More
"When the full extent of your venality, moral turpitude, and political corruption becomes known, you will take your rightful place as a disgraced demagogue in the Continue...Read More
RAPAPORT...Phillips is set to open a showroom in Hong Kong, reinforcingits commitment to the Asian market. The new space, the auction house's first gallery in Asia,will host regular displays, auction previews, private sales and otherevents, to be led by "Hong Kong. Spotlight. Now.," an exhibition featuring various product types. The show is scheduled to launch on March 26, to coincidewi...Read More
The Chinese ferro-silicon spot market has stabilized losses in the past week, with support coming from magnesium production - a sizeable consumer of ferro-silicon. Chinese spot market halts downward drift but ample supply may drag in near term Europe prices stable, awaits second quarter settlements US market eases, but low stock levels offer support Chinese prices steady Chinese domes...Read More
"One of our core strengths is operating high-grade, narrow-vein underground mines, and Klondex's three operating mines - Fire Creek, Midas and Hollister - are some of theContinue...Read More
SHANGHAI, Mar 19 (SMM)? 1/4 ?Spot copper in the Shanghai market was offered at a discount of 260-220 yuan/mt on the morning of Monday March 19, SMM learned. This compared with discounts of 290-250 yuan/mt last Friday morning. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en...Read More
JOHANNESBURG (miningweekly.com) - TSX-listed Mountain Province Diamonds has signed a nonbinding memorandum of understanding (MoU) with De Beers Canada, its partner in the Gahcho Kué mine, to potentially incorporate properties owned by Kennady Diamonds into the Gahcho Kué joint venture (JV).Mountain Province is acquiring Kennady, which owns the Kennady North diamond project adjacent t...Read More
(IDEX Online) - A new direct flight between Israel and India will give a boost to the first-ever edition of the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India. The BDB is expecting thousands of visitors from India and abroad to take part in the April 23-25 international diamond week. Some 150 Indian companies will be exhibiting polished diamonds to buyers from across the w...Read More
RAPAPORT...Attempts to upgrade the size and color ofgemstones using a layer of synthetic material have been around for decades, butsigns indicate the techniques are changing.The Gemological Institute of America (GIA) recently received two loose, oval-shaped,mixed-cut, red stones at its New York laboratory. On further inspection, theyturned out to be natural sapphires with a synthetic ruby "overgro...Read More
Imported charge chrome prices outperformed Chinese ferro-chrome on Friday March 16, after the domestic market took a poor view of demand from the stainless sector. Charge chrome holds firm in ChinaChinese domestic ferro-chrome prices weakenAlloy prices holding in Japan, South KoreaUS alloy prices steadyEuropean spot prices weaken Charge chrome prices strengthened in China on Friday, supported by...Read More
SHANGHAI, Mar 19 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last Friday nightBase metals edged down as the US dollar climbed up from lows and hovered around 90.1. SHFE copper and nickel dipped, while other SHFE metals registered small gains. LME zinc and aluminium closed higher, while LME lead fell close to 1%. LME copper tumbled to a low t...Read More
(IDEX Online) - Registration has opened for a three-day Analytical Methods in Gemology course to be held by AIGS (Asian Institute of Gemological Sciences) in Bangkok from April 25-27. The course will cover FTIR (Fourier Transformed Infrared Spectroscopy), ED-XRF (Energy Dispersive X-Ray Fluorescence Spectrometry) and UV-Vis-NIR (Ultra Violet-Visible-Near Infrared Spectroscopy), both theory...Read More
RAPAPORT...The Diamond Dealers Club (DDC) has signed a memorandum of understanding(MoU) with the Shanghai Diamond Exchange (SDE) in an ongoing effort to facilitatebusiness opportunities. The SDE delegation's visit to the New York-based DDC is the Chinese bourse's first in more than 10 years, and will be the start of a series ofcollaborations between the groups. "As a member of a bourse or an excha...Read More
(IDEX Online) - Tiffany & Co. (NYSE:TIF) reported worldwide net sales increased 4% to $4.2 billion in its financial year ended January 31, 2018. The results reflected sales growth in most regions and across most jewelry categories; comparable store sales were equal to the prior year and were consistent with guidance previously issued. Net earnings of $370 million were 17% below...Read More
SHANGHAI, Mar 19 (SMM) –Copper: LME copper lost the support from the five- and 10-day moving averages as the US dollar strengthened, while its SHFE counterpart performed no better. We expect LME copper to trade at $6,830-6,900/mt today, with SHFE copper at 51,400-51,900 yuan/mt. Spot discounts are seen smaller at 250-200 yuan/mt.Aluminium: LME aluminium gradually fell with resistance at the...Read More
(IDEX Online) - Mountain Province Diamonds Inc. said its second diamond sale of 2018 of approximately 177,000 carats raised $25.1 million, with a price per carat of $142 which is the highest achieved by Mountain Province in any tender sale to date. The price per carat of $142 "reflects in part the deferral into this sale of half of the fancies and specials from the last production split of...Read More
(IDEX Online) - ALROSA's United Selling Organization (USO) sold 112 special size rough diamonds (over 10.8 carats) weighing a total of 1,787 carats for $13.5 million at the recent Hong Kong International Diamond, Gem & Pearl Show. "The Hong Kong auction with 50 participating companies demonstrated that demand for rough diamonds of this size category remains stable," said ALROSA Dep...Read More
(IDEX Online) - The De Beers Group has signed a non-binding Memorandum of Understanding (MoU) with its partner in the Gahcho Ku?(C) mine, Mountain Province Diamonds Inc. (Mountain Province) over incorporating properties owned by Kennady Diamonds Inc. into the Gahcho Ku?(C) joint venture. The agreement sees the deal going ahead in the event that Mountain Province's proposed acquisition of Ke...Read More