China's ferro-chrome market was stable just after Lunar New Year, while market participants predicted prices will rise in the coming week as a result of the country's strengthening stainless sector. Ferro-chrome prices hold in China after Lunar New YearUG2 chrome ore prices edge higher in ChinaHigher ferro-chrome tender prices expected for MarchAlloy prices rise in all other regions Ferro-chrome...Read More
VANCOUVER, British Columbia, Feb. 26, 2018 (GLOBE NEWSWIRE) -- AbraPlata Resource Corp. ("AbraPlata" or the "Company") (ABRA.V) (ABBRF) (1AH.F) is pleased to announce that the Preliminary Economic Assessment ("PEA") of the Diablillos Ag-Au project is nearing completion and the Company expects to announce the results by the end of February 2018. The Company is also pleased to report that the cont...Read More
- Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold- They are yet to provide the same benefits or safety as owning physical gold- National mints jumping in on the 'sexy blockchain' act - BOE declares bitcoin 'not a currency;' Royal Mint launches blockchain gold product- Digital gold, blockchain gold and crypto gold is frequently not fully bac...Read More
Steelmaking raw materials made strong gains on Monday as Chinese mills, responsible for half the world's steel output, on the back of speculations that the certain provinces may extend steel supply curbs beyond the winter.The Northern China import price of 62% Fe content ore gained just under 1% to the highest since April trading at $79.95 per dry metric tonne according to data supplied by The Ste...Read More
China's imports of iron ore rebounded to the second highest ever in January while those for coking coal fell to a seven-month low. Exports of scrap surged on the year, while those for coke, which include semi coke, contracted.Read More
China's ferrous futures surged in the early hours of morning trading on Monday February 26 on news of more steel production cuts in Tangshan, though the contracts - especially those for iron ore and coking coal - corrected before the end of the session.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 4,013 yuan ($633) per tonne, up 1 yuan per tonne May hot-rolled coil:...Read More
(IDEX Online) - Mehul Choksi, the owner of Gitanjali Gems and one of two major businessmen allegedly involved in creating India's biggest ever banking fraud of $1.8 billion, has claimed his innocence, but nonetheless told employees to look for other jobs. Choksi broke his silence at the weekend with an open letter to employees. Choksi and his nephew Nirav Modi, both owners of large j...Read More
RAPAPORT... Eira Thomas has taken over as CEO of Lucara Diamond Corp.,replacing William Lamb, the miner said Sunday.Thomas (pictured), who has worked in the mining industry for 25 years, is a founder and director of Lucara, and a cofounder and former CEO ofStornoway Diamond Corporation. Lamb will step down from his position onthe board of directors, but will continue with Lucara in an advisory rol...Read More
JOHANNESBURG (miningweekly.com) - Botswana-focused miner Lucara Diamond has acquired Clara Diamond Solutions, a company whose primary asset is a secure, digital sales platform aimed at transforming how rough diamonds are sold.Lucara noted that the platform would unlock value for diamond producers and manufacturers alike.Advertisement"Clara uses proprietary analytics, together with cloud and b...Read More
(IDEX Online) - Lucara Diamond Corp. has announced that William Lamb is retiring as its Chief Executive Officer and stepping down from the Board of Directors. He will be replaced by Eira Thomas, a founder and director of the company who will be assuming the role of CEO. In addition, Catherine McLeod Seltzer, also a Lucara co-founder, will be joining the Board of Directors. The miner...Read More
Steel producers in Russia have increased their offer prices for March-rolled hot-rolled (HR) and cold-rolled (CR) sheet, Metal Bulletin has heard."Mills say that they have a good export market; that is why they increased the offers for the local market," one source told Metal Bulletin.Metal Bulletin's assessment of prices for Russian 4mm HR sheet was 43,000 roubles ($765) per tonne cpt Moscow, inc...Read More
(IDEX Online) - The Fourth Mediterranean Gemmological and Jewelry Conference (MGJC) will take place in Budva, Montenegro, from May 18-20. The event is organized by CGL-GRS Canada and IGL Greece and supported by IIDGR-De Beers (United Kingdom), Octonus (Finland), MAGI (Italy/Finland), MSU Gem Center(Russia), Gemewizard (Israel), Gemetrix (Australia) and NAJA (USA). The conference of...Read More
The export market for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States has grown on restricted supplies and rising prices for semi-finished steel products, sources have told Metal Bulletin."Mills are overbooked and buyers are searching for material," a trader told Metal Bulletin. He added that it was a challenge to find HRC available to purchase, althoug...Read More
Lead prices on the London Metal Exchange continued to strengthen and closed 1.4% higher at 5pm London time on Monday February 26, with its cash/three-month spread moving into backwardation. "LME lead has rebounded well... So far, sellers have failed to take its below $2,500 per tonne; buyers now have the chance to push it higher," Metal Bulletin analyst Andy Farida said. "Since the base metals are...Read More
The price difference between lead and zinc on the London Metal Exchange has moved to its widest in over 10 years, with lead lagging significantly behind. At the close on Thursday February 22, the three-month zinc price closed $960.50 per tonne higher than lead. But when the spread - or switch - last moved to over $900 in early 2007, lead staged an incredible fightback and ended up overtaking its s...Read More
Good morning from Metal Bulletin's London office, bringing you the latest news and pricing stories on Monday February 26.Base metals prices on the London Metal Exchange were on strong footing at the start of the week - with prices trading higher across the board and being supported by a weaker dollar. Here's how base metals prices looked at 11:50 London time:Read our live futures report here. ...Read More
SHANGHAI, Feb 26 (SMM) – Metals futures on the SHFE performed strongly today as nonferrous metals rose across the board except for tin, which edged down slightly. Nickel went up 0.72%. Copper, aluminium, zinc and lead also inched up.Ferrous metals remained firm as coke jumped over 4% and hot-rolled coil increased by close to 4%. Rebar rose over 3%, coking coal rose over 2% and iron ore edged...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening traded. Futures responded to a surge overnight in world equity markets.Gold gained $9.40 to $1,339.70 per ounce on weakness in the U.S. Dollar IndexNatural gas gained $0.05 to $2.70 per MBtu following predictions by the National Center for Environmental Information (NOAA) that northern U.S. stat...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Monday February 26.Copper prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Monday, with the red metal coming under pressure following a 10% jump in copper volumes at SHFE-approved warehouses last week.Check Metal Bulletin's live futures report here.LME sn...Read More
SHANGHAI, Feb 26 (SMM) – Metals futures on the SHFE performed strongly today as nonferrous metals rose across the board except for tin, which edged down slightly. Nickel went up 0.72%. Copper, aluminium, zinc and lead also inched up.Ferrous metals remained firm as coke jumped over 4% and hot-rolled coil increased by close to 4%. Rebar rose over 3%, coking coal rose over 2% and iron ore edged...Read More