- China gold production falls by 9% to 420.5t in 2017- Chinese gold demand rose 4% to 953.3t in same period- China is largest producer and accounts for 15% of global gold production- China does not export gold. Increasing foreign gold acquisitions to meet demand- Global gold production flat - 3,269t in '17 from 3,263t in '16, smallest increase since '08- Peak Gold is here: supply set to fall...Read More

Renewed demand in the European molybdic oxide and ferro-molybdenum markets has pushed prices higher this week after dipping the week before when slower demand encouraged profit-taking, sources told Metal Bulletin. Metal Bulletin assessed molybdic oxide prices at $12.10-12.50 per lb in-warehouse Rotterdam on Wednesday February 7, up 50 cents from Friday. The market was assessed at $9.80-9.90 p...Read More

China's ferrous futures ended the morning trading session on Thursday February 8 little changed from their opening prices. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,937 ($628) per tonne, up 7 yuan per tonne May hot-rolled coil: 4,029 yuan per tonne, up 16 yuan per tonne Dalian Commodity Exchange May iron ore: 522.50 yuan per tonne, down 2 yuan per tonneMay cok...Read More

The appreciation of the Chinese currency against the US dollar and the suspension of export offers ahead by several mills ahead of the Lunar New Year resulted in East Asian stainless steel prices rising slightly over the past week.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,250-2,320 per tonne cif East Asian ports for the week ended Wednesday Febru...Read More

VANCOUVER, British Columbia - February 8, 2018 - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the third quarter ended December 31, 2017. All amounts are expressed in US Dollars.THIRD QUARTER HIGHLIGHTS Net income attributable to equity shareholders of $12.7 million, or $0.08 per share1, compared to net inc...Read More

On Thursday gold lifted from the 2018 low the metal struck yesterday, exchanging hands for $1,320.40 near the close of trading.Despite recent weakness gold is still up by $75 an ounce since mid-December after large-scale speculators increased their exposure to gold on derivatives markets for the seventh week in a row. Hedge funds have more than doubled net long positions - bets that gold will be m...Read More

The price of copper regained its footing and iron ore prices continued the climb on Thursday after customs data showed imports of raw materials by China stayed robust in January after a strong 2017.In brisk trading New York Comex copper for delivery in March were flat compared to Wednesday settlement price trading at $3.0855 a pound ($6,802 per tonne). Copper is still down sharply for the week aft...Read More

ArcelorMittal Mexico is to build a 2.5 million tonne per year capacity hot strip mill and a 650,000 tpy hot skin pass mill at its L??zaro C??rdenas site in Michoac??n, Southern Mexico.Both mills are planned to start up in 2020."This [project] will enable ArcelorMittal L??zaro C??rdenas to process the slabs produced in its works on site," equipment provider Primetals Technologies said on...Read More

Positive sentiment, with rising expectations for the Chinese New Yearretail season. Busy trading at Israel's International Diamond Week, withmomentum expected to continue through the Hong Kong show (Feb. 27). USretailers restocking and hoping for positive Valentine's Day sales, despiterecent drop in equity markets. Polished prices firm, with 1 ct. RAPI +2.2% inJan. Manufacturers concerned about ri...Read More

CIS export pig iron prices were mostly stable in the week ended Thursday February 8 while the market waited for clearer trends to emerge in raw materials, scrap in particular.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region was $350-375 per tonne fob Black Sea on February 8, unchanged week on week.A cargo of Russian material was heard sold to the United Stat...Read More

To refine and improve the execution of recruitment in the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed an innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention solution or application (app) specifically for the mining industry,” Digger cofounder and TrueVine Con...Read More

(IDEX Online) - ALROSA has held an annual meeting with its long-term clients, the first meeting of the new three-year client period which started last month.   During the meeting, representatives of all the companies had an opportunity to discuss with ALROSA's management their work in the new contract period, trends and challenges of the global diamond market, the miner reported.  ...Read More

Base metals prices on the London Metal Exchange mostly recovered from early morning lows at the close on Thursday February 8, but copper prices remained downbeat.Copper closed $35 lower after crashing over 2.4% on Wednesday, prices remain below $6,900 per tonne following further deliveries into LME-listed warehouses. "Copper was weaker earlier on news that LME stocks rose by another 21,000 tonnes...Read More

LONDON – A flawless diamond, the size of a large strawberry, is expected to fetch a world record price when it goes on sale at Sotheby's in London this month.Weighing just over 102 ct, the round, brilliant white stone is smaller than a 163-ct oval diamond sold in Hong Kong in 2013, which currently holds the record price per carat.AdvertisementBut Sotheby's, which also handled that Ho...Read More

ArcelorMittal Mexico is to build a 2.5 million tonne per year capacity hot strip mill and a 650,000 tpy hot skin pass mill at its L??zaro C??rdenas site in Michoac??n, Southern Mexico.Both mills are planned to start up in 2020."This [project] will enable ArcelorMittal L??zaro C??rdenas to process the slabs produced in its works on site," equipment provider Primetals Technologies said on...Read More

(IDEX Online) - The value of diamonds traded in Antwerp slipped to $46 billion last year from $48 billion in 2016, the Antwerp World Diamond Centre (AWDC) reported.   However, 233.6 million carats of diamonds were imported to and exported from Antwerp, representing an increase in the volume of diamonds traded, with a particularly notable increase in the rough diamonds sector, the AWDC said. &...Read More

RAPAPORT... Sotheby's has unveiled a rare white diamond that, it claims,is the only known round brilliant-cut diamond over 100 carats possessing the highestcut, color and clarity grades.Sotheby's Diamonds, the group's retail boutique, revealedthe 102.34-carat, D-color, flawless stone to mark the first anniversary of its salon on London's New Bond Street, the auction house said Thursday. The polish...Read More

CAPE TOWN – Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of Cyril Ramaphosa as head of South Africa's ruling ANC heralds the looming en...Read More

Turkish domestic rebar and wire rod prices have gone up over the past week, amid increasing scrap prices, sources said on Thursday February 8.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $570-575 per tonne ex-works, up from the $550-565 per tonne of last week."The rebar prices are increasing due to rising scrap import values. It seems the market will...Read More

(IDEX Online) - There was a 10% increase in company buyer attendance at the 36th edition of the American Gem Trade Association (AGTA) GemFair Tucson 2018 representing more than 90 countries where 300 exhibitors took part.   "The AGTA GemFair is a favorite amongst buyers and that is evident in the growth we see each year," said AGTA CEO Douglas K. Hucker. "There is an excitement on the floor,...Read More