The latest metal markets news and price moves to start the North American day on Monday January 8.Lead and zinc began the week slightly higher while the rest of the base metals on the London Metal Exchange came under pressure this morning. Zinc was Monday morning's best performer, up $13 to $3,365 per tonne. Aluminium, meanwhile, continued to slip marginally lower, down $12 to $2,193.50 per tonne....Read More

Good morning from Metal Bulletin's office in Shanghai, as we bring you the latest news and pricing stories on Monday January 8.Base metals prices on the Shanghai Futures Exchange were weaker across the board during Asian morning trading on Monday, with the complex coming under pressure from news that researchers at China's central bank have agreed that the time may be right to raise interest rates...Read More

RAPAPORT PRESS RELEASE, January 8, 2018, Las Vegas... RapNet, theworld's leading diamond trading network, will launch a new, upgraded platformtomorrow, January 9, 2018. The upgrade will provide members with a moresecure, intuitive and smarter trading environment. It is the first step in a $5million Rapaport and RapNet development project that will revolutionize theelectronic market for diamonds.&n...Read More

RAPAPORT... Gem Diamonds has recovered two large rough diamonds at itsLet??eng mine in Lesotho, it said Monday. The "high-quality," type-IIa stones weigh 117 (pictured) and 110carats, and both have D color, the company noted. The London-based miner'sshare price jumped about 6% in early trading following the announcement. "While we do not know the final value of the stones, it islikely that good-qu...Read More

RAPAPORT... Lucapa Diamond Company has recovered two special-sized roughdiamonds - a light brown stone weighing 103 carats, and an 83-carat, type-IIa diamond,the miner announced Monday.The 103-carat stone is the ninth diamond above 100 carats thecompany has extracted from its Lulo mine in Angola. In November, it announced the discovery of two D-color, type-Ila stones weighing 129 and 78carats...Read More

Lucapa Diamond Company Limited and its partners have announced the recovery of more large diamonds from the Lulo Diamond Project in Angola.   The latest recoveries include diamonds weighing 103 carats and 83 carats (pictured), both of which were recovered from Mining Block 8.   "The 103-carat light brown diamond and 83-carat Type IIa diamond continue to evidence the special nature and p...Read More

JOHANNESBURG (miningweekly.com) – LSE-listed Gem Diamonds has recovered two large high-quality D-colour, type IIa diamonds from its 70%-owned Letšeng mine in Lesotho.The recovered diamonds include a 117 ct and a 110 ct diamond.AdvertisementLetšeng is the highest dollar per carat kimberlite diamond mine in the world.To watch Creamer Media's latest video reports, click...Read More

(IDEX Online) - Gem Diamonds Limited has recovered two large high-quality D color Type IIa diamonds from the Let??eng mine in Lesotho.   The diamonds weigh 110 and 117 carats, respectively, the company said in a brief statement, adding that Let??eng is the highest dollar per carat kimberlite diamond mine in the world. Read More

JOHANNESBURG (miningweekly.com) – The Lulo diamond mine is continuing to yield large diamonds, with Lucapa Diamond Company reporting on Monday that it had recovered its ninth 100-ct-plus diamond at the Angola mine.The ASX-listed company, which mines Lulo with partners Endiama and Rosas and Petalas, reported the discovery of a 103 ct light brown diamond and an 83 ct Type IIa diamond.Advertise...Read More

Aluminium was the only metal that ended lower at the end of trading on the London Metal Exchange on Monday January 8.The three-month aluminium price ended around 1.2% lower than its pre-weekend closing level at $2,175 per tonne.Around 14,000 lots changed hands by the 5pm close, outpacing copper by about 2,000 lots.Stocks fell a net 3,600 tonnes to 1,095,875 tonnes. Although on-warrant aluminium st...Read More

NFEx Markets' chief operating officer and its most senior director, Mark Bradley, has resigned from the board alongside non-executive director Jim Coupland, filings on the UK's Companies House show on Monday January 8.The over-the-counter base metals trading platform is due to start trading in the coming months.Bradley and Coupland will remain advisers to NFEx alongside former London Metal Exchang...Read More

Comex copper prices recovered from a one-week low amid consolidation on Monday January 8, while a stronger dollar is likely to cap the upside. Copper for March settlement on the Comex division of the New York Mercantile Exchange rose 1.25 cents or 0.4% to $3.2420 per lb. Last week, the contract hit the lowest point since December 22. "Prices could look to resume their upward...Read More

Peter KrauthSince the start of 2018, gold prices have not only stayed above $1,300, but they've continued to climb higher.Even though gold prices today have dipped around $5 per ounce, gold investors have nothing to worry about in 2018.In fact, we're getting confirmation that the gold bull market of 2018 is just beginning.While 2017 didn't see the surging price – and eventual collapse –...Read More

SHANGHAI, Jan 8 (SMM)? 1/4 ?Nonferrous metals traded lower today except for the slight rise in zinc price. While lead was stable, aluminium and copper dropped close to 1%. Nickel and tin also edged down.  Ferrous metals saw a rather strong movement today. Iron ore and coking coal rose almost 3%, while coke, hot-rolled coil and rebar rose nearly 1%.Copper: We see room for SHFE copper prices to...Read More

SHANGHAI, Jan 8 (SMM)? 1/4 ?Nonferrous metals traded lower today except for the slight rise in zinc price. While lead was stable, aluminium and copper dropped close to 1%. Nickel and tin also edged down.  Ferrous metals saw a rather strong movement today. Iron ore and coking coal rose almost 3%, while coke, hot-rolled coil and rebar rose nearly 1%.Copper: We see room for SHFE copper prices to...Read More

SHANGHAI, Jan 8 (SMM)? 1/4 ?Nonferrous metals traded lower today except for the slight rise in zinc price. While lead was stable, aluminium and copper dropped close to 1%. Nickel and tin also edged down.  Ferrous metals saw a rather strong movement today. Iron ore and coking coal rose almost 3%, while coke, hot-rolled coil and rebar rose nearly 1%.Copper: We see room for SHFE copper prices to...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade. Darden Restaurants (DRI $99.31) is expected to open higher after the company raised its 2018 earnings guidanceLululemon gained $2.07 to $81.50 after increasing its fourth quarter sales and earnings guidanceKohl's added $4.19 to $58.55 after raising its fiscal fourth quarter earnings guid...Read More

SHANGHAI, Jan 8 (SMM)? 1/4 ?Copper:  LME copper fell below the 10-day moving average and is expected to stay soft at $7,090-7,140/mt today with support at $7,000/mt. The SHFE 1803 copper is expected to trade at 54,300-54,800 yuan/mt. Spot prices are expected at 20 yuan/mt discount to 30 yuan/mt premiums today.Aluminium: The support of the 10-day moving averages became weaker for LME aluminium...Read More

SHANGHAI, Jan 8 (SMM)? 1/4 ?Copper:  LME copper fell below the 10-day moving average and is expected to stay soft at $7,090-7,140/mt today with support at $7,000/mt. The SHFE 1803 copper is expected to trade at 54,300-54,800 yuan/mt. Spot prices are expected at 20 yuan/mt discount to 30 yuan/mt premiums today.Aluminium: The support of the 10-day moving averages became weaker for LME aluminium...Read More

SHANGHAI, Jan 8 (SMM)? 1/4 ? SMM believes LME zinc prices are likely to trade higher as the metal started 2018 with a new 10-year high at $3,375/mt. We see support from both the macro level and fundamentals.US dollar is set to stay soft in the short term despite the interest rates increases in 2017. Uncertainty over the real effect on the economy from the country’s tax reform and stronger EU...Read More