(IDEX Online) - Sergey Ivanov, CEO of ALROSA, held talks on diamond-related issues with Didier Reynders, Deputy Prime Minister and Minister of Foreign and European Affairs of Belgium, and Stephane Fischler, the President of the Antwerp World Diamond Centre (AWDC). The parties discussed issues related to the development of bilateral cooperation in the field of diamond trading, as well as coo...Read More
Gobal equity markets have been extremely volatile in recent weeks, extending a frantic sell-off of US stocks, which culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years.While commodities were not spared from the rout, American multinational investment banking and financial services firm Citigroup says now is the time for investors to add positions in metal...Read More
RAPAPORT... Labrador-grown diamonds? The Year of the Dog is coming up,and we are unleashing insights about how the Chinese New Year will affect thetrade in the Far East. Also, an interview with noted jewelry journalistJennifer Heebner, who shares her experiences from the most recent UScolored-gemstone shows. Listen to the podcast below, or click here: lp.diamonds.net/podcast.Read More
The latest metal markets news and price moves to start the North American day on Thursday February 15.Base metals on the London Metal Exchange opened higher, building on Wednesday's gains, with nickel as the strongest performer.However, the base metals complex turned generally lower on the LME around noon London time. Here is how base metal prices looked on the LME...Read More
JOHANNESBURG (miningweekly.com) - Aim-listed Botswana Diamonds has started a scoping study to determine the commercial potential of the Thorny River diamond project, which is a consolidation of the Frischgewaagt, Hartbeesfontein and Doornrivier properties, in Limpopo.The six-month study will further refine the volumes of diamonds on site, the grade and the value per tonne of ore. A critical aspect...Read More
RAPAPORT... Lastmonth, dozens gathered in midtown Manhattan to learn more about De Beers'Diamond Blockchain Initiative - a project that aims to underpin confidence indiamonds by creating permanent records for them. While most know blockchain asthe technology that underlies Bitcoin, De Beers is testing a system that willsafeguard stones' identity, ownership, contracts and financing history. In fact...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Thursday February 15.Base metals traded on the London Metal Exchange were broadly higher during Asian morning trading on Thursday February 15, though trading remained subdued with Chinese participants out for the week-long Lunar New Year break.Copper and nickel prices led on the upside wit...Read More
Private Blog – Gold The Breakout or Frustration?Read More
Metals prices on the London Metal Exchange are generally firmer this morning, Thursday February 15, with the complex up by an average of 0.5%. Nickel leads with a 1.9% gain to $14,240 per tonne and tin prices lag with a 0.1% decline, while the rest are showing gains of between $0.50 and $20 per tonne, with copper prices up by 0.3% at $7,183 per tonne.With the Lunar New Year break underway, volume...Read More
QUESTION: A friend of mine attended your WEC. He said he asked you at the cocktail party why gold was so cheap in South America. You said the drug cartels control the illegal gold mining in Columbia and that is now three times the size of the cocaine market. Did you really say that?PNANSWER: Yes I did. During the mid-'80s, Pablo Escobar and the Medell?-n Cartel controlled 90% of the multibillion-d...Read More
Copper concentrate treatment and refining charges (TC/RCs) dropped marginally in the first half of February after traders purchased nearby tonnages from mines at increasingly competitive levels and smelters eased off buying ahead of New Year holidays in Asia. The Metal Bulletin copper concentrates index dropped by 3% to $69.50 per tonne/6.95 cents per lb from $71.60/7.16 cents at the end of J...Read More
Researchers from the Colorado School of Mines Chemistry Department and the National Renewable Energy Laboratory have developed a perovskite solar cell that retains its efficiency after 1,000 hours of continuous use, with their findings published in Nature Energy.Associate Professor Alan Sellinger, graduate student Tracy Schloemer and former Mines postdoc Jonathan Tinkham are co-authors of the pape...Read More
A magna cum laude graduate of Colorado School of Mines is among the first cohort of the Knight-Hennessy Scholars program, which will fully fund her pursuit of a PhD in computational and mathematical engineering at Stanford University.Izzy Aguiar earned a bachelor's degree in applied mathematics and statistics from Mines in 2017. She is currently pursuing a master's degree in computer science from...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close on Thursday February 15, with only aluminium prices falling. The three-month copper price briefly breached the $2,200 per tonne mark before retreating - but closed $19 per tonne higher. It has closed in positive territory every day this week. "We think that both LME and Comex speculators have got too bearish in their p...Read More
Comex copper prices failed to maintain momentum in morning trading on Thursday February 15 after hitting a multi-week high earlier in the week, with the complex now in consolidation mode. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 1.55 cents or 0.5% to $3.2205 per lb. The contract had been on a three-day rally. "The base metals complex enjoyed a st...Read More
Metals prices on the London Metal Exchange are generally firmer this morning, Thursday February 15, with the complex up by an average of 0.5%. Nickel leads with a 1.9% gain to $14,240 per tonne and tin prices lag with a 0.1% decline, while the rest are showing gains of between $0.50 and $20 per tonne, with copper prices up by 0.3% at $7,183 per tonne.With the Lunar New Year break underway, volume...Read More
Turkish steel producers have continued their deep-sea scrap purchases for March, market participants said on Thursday February 15.Steel mills in the country booked three deep-sea cargoes from various locations at comparatively higher prices, sources told Metal Bulletin.On Thursday, a steel mill in the Izmir region booked a US cargo, comprising 30,000 tonnes of HMS 1&2 (80:20) at $353 per tonn...Read More
Comex copper prices failed to maintain momentum in morning trading on Thursday February 15 after hitting a multi-week high earlier in the week, with the complex now in consolidation mode. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 1.55 cents or 0.5% to $3.2205 per lb. The contract had been on a three-day rally. "The base metals complex enjoyed a st...Read More
The latest metal markets news and price moves to start the North American day on Thursday February 15.Base metals on the London Metal Exchange opened higher, building on Wednesday's gains, with nickel as the strongest performer.However, the base metals complex turned generally lower on the LME around noon London time. Here is how base metal prices looked on the LME...Read More
Canadian copper producer Capstone has sold its Minto mine for $37.5 million to mining company Pembridge Resources, it said on Wednesday February 14. The open pit mine in Yukon, Canada, produced 16,332 tonnes of copper, 170,809 oz of silver and 25,205 oz of gold last year. "The divestiture of Minto will allow us to focus our resources on opportunities that will have a more meaningful impact...Read More