JOHANNESBURG (miningweekly.com) - ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes and Rosas & Petalas have completed the first sale for 2018 from the Lulo diamond project in Angola, for this year.The sale of 4 170 ct of Lulo diamonds achieved proceeds of $9.14-million, representing an exceptional average price of $2 192/ct.AdvertisementThe latest sale takes tot...Read More
A sparkling future beckons for the coloured gemstones market, avers financial portal Safehaven. It cites commenter Charles Kennedy, who believes that gemstone prices, which have been increasing steadily in the past decade, could continue to increase on the back of surging demand. “The price of emeralds, for example, has increased by 500% since 2010, according to Gemfields plc.”Advertis...Read More
Some coated flat steel prices in Turkey have decreased over the past week, with demand remaining sluggish in the local market but strong in the export markets, sources told Metal Bulletin on Friday February 2.Demand was weak because buyers expect prices to fall, and the weak demand in the hot-rolled coil (HRC) market has had a knock-on effect in the coated coil market.Domestic pricesIn Northern Tu...Read More
The latest metal markets news and price moves to start the North American day on Friday February 2.Base metals prices on the London Metal Exchange were on divergent paths this morning, with nickel failing to hold on to recent gains and the three-month price retreating nearly $200 per tonne. Here's how base metals on the LME looked at 11:56am London time: Read our live futures report here.&nbs...Read More
Good morning from Metal Bulletin's offices in Shanghai as we bring you the latest news and pricing stories on Friday February 2.Nickel prices on the Shanghai Futures Exchange were the standout performers during Asian morning trading on Friday, benefiting from follow-through strength after a strong performance by the metal on the London Metal Exchange in the previous session as well as supply conce...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsGFG Alliance has been granted full planning permission for a new 400-worker alloy wheel factory next to the Liberty British Aluminium smelter at Fort William, Scotland, the company...Read More
SHANGHAI, Feb 2 (SMM) – SHFE nickel led the gains of base metals today with an over 2% rise while SHFE lead was up close to 1%. Copper increased by 0.72% and zinc was up 0.45%. Tin, however, edged down 0.6%.The ferrous complex saw coking coal jump almost 3% whereas coke was up close to 2%. Hot-rolled coil rose 1.6%, iron ore went up 1% and rebar edged up 0.51%.Copper: The SHFE 1803 copper co...Read More
SHANGHAI, Feb 2 (SMM) – SHFE nickel led the gains of base metals today with an over 2% rise while SHFE lead was up close to 1%. Copper increased by 0.72% and zinc was up 0.45%. Tin, however, edged down 0.6%.The ferrous complex saw coking coal jump almost 3% whereas coke was up close to 2%. Hot-rolled coil rose 1.6%, iron ore went up 1% and rebar edged up 0.51%.Copper: The SHFE 1803 copper co...Read More
SHANGHAI, Feb 2 (SMM) – SHFE nickel led the gains of base metals today with an over 2% rise while SHFE lead was up close to 1%. Copper increased by 0.72% and zinc was up 0.45%. Tin, however, edged down 0.6%.The ferrous complex saw coking coal jump almost 3% whereas coke was up close to 2%. Hot-rolled coil rose 1.6%, iron ore went up 1% and rebar edged up 0.51%.Copper: The SHFE 1803 copper co...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade.Index futures were dipped lower following release of economic news at 8:30 AM EST. Consensus for January Non-farm Payrolls was 176,000 versus upwardly revised 160,000 in December. Actual was 200,000. Consensus for January Unemployment Rate was unchanged at 4.1%. Actual was unchanged at 4...Read More
SHANGHAI, Feb 2 (SMM) –Copper: A stronger Chinese yuan, a lower SHFE/LME price ratio, and tighter funds ahead of Chinese New Year led us to expect a rangebound trading for the SHFE copper contract. We see support at 52,500-53,000 yuan/mt today while LME copper may trade at $7,080-7,140/mt. Spot discounts are seen at 100-40 yuan/mt today with reluctant sellers. Aluminium: LME aluminium...Read More
Listen to this podcast airing on our site Saturday by clicking here or subscribe on iTunes here.The long-awaited correction in the stock market finally took place this week with the S&P 500, Dow, and other major averages currently down over 3% from their late-January highs. Is this the top or the end of the bull market?Financial Sense Newshour just had the honor of speaking with...Read More
SHANGHAI, Feb 2 (SMM) – Russian nickel was trading at a discount of 300 yuan/mt against the Wuxi Stainless Steel Exchange 1802 contract on Friday February 2 whereas Jinchuan nickel was flat in the Shanghai market, SMM learned. Higher nickel futures prices overnight have left market participants reluctant to trade. Transactions were reported at 103,300-104,000 yuan/mt in the morning. &n...Read More
SHANGHAI, Feb 2 (SMM) –Copper: A stronger Chinese yuan, a lower SHFE/LME price ratio, and tighter funds ahead of Chinese New Year led us to expect a rangebound trading for the SHFE copper contract. We see support at 52,500-53,000 yuan/mt today while LME copper may trade at $7,080-7,140/mt. Spot discounts are seen at 100-40 yuan/mt today with reluctant sellers. Aluminium: LME aluminium...Read More
The long term Treasury ETF dropped below $121.40 completing a Head & Shoulders pattern. StockTwits Released Yesterday @EquityClockOpen Text $OTEX, a TSX 60 stock moved above $35.80 to an all-time high extending an intermediate uptrend. AT&T $T, a Dow Jones Industrial stock moved above $38.81 completing a reverse Head & Shoulders pattern.Technical action by S&P 500 stocks to 10...Read More
SHANGHAI, Feb 2 (SMM) –Copper: A stronger Chinese yuan, a lower SHFE/LME price ratio, and tighter funds ahead of Chinese New Year led us to expect a rangebound trading for the SHFE copper contract. We see support at 52,500-53,000 yuan/mt today while LME copper may trade at $7,080-7,140/mt. Spot discounts are seen at 100-40 yuan/mt today with reluctant sellers. Aluminium: LME aluminium...Read More
Published on: Feb 2, 2018 | by finfeedLithium Australia NL (ASX:LIT) has provided a promising update on its SiLeach (R) technology, announcing it will develop a large-scale pilot plant (LSPP) - having already approved front-end engineering and design (FEED) for the plant.The move is considered a pivotal step on the road to commercialisation and will symbolise LIT's final stages of research and dev...Read More
Base metals prices on the London Metal Exchange are at first sight looking quite mixed this morning, Friday February 2, with copper and lead in positive territory, tin unchanged and aluminium, zinc and nickel in negative territory.But on closer inspection of the charts, all look well placed to push higher following average gains of 1.1% on Thursday. Indeed copper, that has been one of the laggards...Read More
Shigemoto Toma, who was Goldman Sachs' senior aluminium trader until November, is joining Macquarie bank in Singapore, Metal Bulletin understands. Toma will join Macquarie's base metals trading team on February 8 and will help the bank grow its physical...Read More
Lead and tin were the only base metals on the London Metal Exchange to close the week in positive territory, while the rest of the complex came under pressure from a strengthening dollar.The three-month lead price continued to trade around a fresh six and a half year high and was at $2,680 per tonne at the 5pm close. "Data on the ground also supports the bullish LME lead market, which was often un...Read More