RAPAPORT... De Beers significantly reduced prices of lower-quality rough diamonds at this week's sight in response to a slowdown in the Indian manufacturingsector, dealers reported. Prices fell by high-single-digit percentages versus theprevious sale, sightholders told Rapaport News Tuesday. The drops were for roughcosting $100 per carat or less, including both small and large stones thatproduce p...Read More

The Comex copper price staged a modest recovery in the US morning on Tuesday November 13, with the dollar index showing some weakness and allowing the price to climb.The copper price for December settlement on the Comex division of the New York Mercantile Exchange recovered 1.75 cents to $2.6940 per lb.Also, renewed hopes for a US-China trade deal is lending support to the metals...Read More

The diamond industry must deliver on its promise that consumers can trust the diamonds they purchase are sourced, traded, and processed responsibly, said a coalition of concerned civil society organizations today."Time is up for the diamond industry. Image is everything to the value of diamonds, yet the industry continues to be tainted by association with human rights abuses like child labour and...Read More

(IDEX Online) - A D color, internally flawless step-cut diamond weighing 24.31 carats will go under the hammer at Bonhams London Jewellery sale on December 5.   Estimated to sell for $1,700,000 - $2,300,000, the diamond is from a private collection and this is the first time it has come to auction.   Emily Barber, Director of Jewellery at Bonhams UK, said: "This diamond is a magnif...Read More

(IDEX Online) - Graff Diamonds has unveiled more than 60 polished diamonds that were cut the 1,109 carat Lesedi La Rona stone, the largest rough diamond found in more than a century.   Graff said that following more than a year of detailed analysis, cutting and polishing by its team of gemologists and master craftsmen, diamonds ranging in size from under one carat to in excess of 100 carats h...Read More

After shocking the market with a decision to start selling jewellery containing synthetic diamonds earlier this year, Anglo American's De Beers is said to have reduced prices for low-quality stones as much as 10%.The move by the world's largest diamond miner, reported by Bloomberg, is yet another sign of increasing volatility at the bottom end of the market.Cheaper diamonds, which are often small...Read More

(IDEX Online) - The dates of the Oroarezzo show that promotes Made in Italy gold and jewelry is being brought forward to April 6-9, said the organizers, the Italian Exhibition Group (IEG).   The show takes place at the Arezzo Fiere e Congressi and was previously due to be held in early May.   IEG's decision to bring the Arezzo event forward was taken in order to better fit in with the...Read More

The Turkish steel mills have continued their silence in the deep-sea scrap markets because of a downturn in rebar export values, sources said on Tuesday November 13.After booking two cargoes from the United States late last week, Turkish mills paused their purchases and started to watch the finished steel markets.But a couple of the latest rebar sales have indicated a decrease in prices, so the mi...Read More

The shareholders of Canadian diamond miner Mountain Province have missed out on a third-quarter dividend, owing to difficult trading conditions in the lower-end segment of the diamond market.Mountain Province recently paid shareholders a maiden dividend of 4c a share, but said late on Monday that it had chosen to reduce its debt, rather than declaring another dividend this year, as it continued to...Read More

LONDON – De Beers made steep cuts in the prices of low-quality stones at its sale this week, according to people familiar with the situation.The world’s biggest producer reduced prices as much as 10% for low-quality stones, said the people, who asked not to be identified because the sales are private. It’s the latest sign that the bottom end of the market is in turmoil.Advertise...Read More

The latest news and price moves to start the Asian day on Wednesday November 14.Base metal closing prices on the London Metal Exchange were mixed on Tuesday November 13, with lead showing the biggest positive move of the day while zinc failed to close above its nearby support level amid record-low LME inventories for both metals. Read more in our live futures report.Here are how prices l...Read More

A summary of base metals premiums from across the globe for the week to Tuesday November 13.Please click...Read More

With the introduction of the new Cat 798 AC, Caterpillar expands its mining truck line to give customers the flexibility to choose what meets their needs and preferences. (Image supplied.)When Komatsu acquired Joy Global in 2016, the Japanese firm expanded its portfolio from surface to underground mining equipment, becoming the strongest competitor in th...Read More

Novelis will spend $175 million on expanding facilities at its Pindamonhangaba plant in South America, driven by solid consumer packaging demand, the US-headquartered firm said on Tuesday November 13. The rolled and recycled aluminium producer said the new facilities will expand rolling production by 100,000 tonnes to 680,000 tonnes per year of aluminium sheet, and recycling by 60,000 tonnes to 45...Read More

The export market for flat steel products from the Commonwealth of Independent States (CIS) softened further in the week ended Monday November 12 on low demand and a strong dollar.Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) narrowed downward to $490-495 per tonne fob Black Sea on November 12, from $490-510 per tonne fob Black Sea a week earlier."Prices are...Read More

Domestic rebar prices in the United Arab Emirates (UAE) have fallen along with low bids from customers, while imported rebar prices have remained stable over the past week.Steel billet prices, meanwhile, were becoming firmer because raw material prices have strengthened, while Iran-origin material was now absent from the market, sources told Fastmarkets on Tuesday November 13.Domestic rebarLocal p...Read More

Flat steel import prices in Saudi Arabia and the United Arab Emirates (UAE) have remained steady over the past seven days due to weak demand, but a recovery is likely in the next few weeks because of stronger pricing for raw materials, sources told Fastmarkets on Tuesday November 13.UAEPrices on Russia-origin offers of hot-rolled coil (HRC) into the UAE have been unchanged at $560-565 per tonne cf...Read More

(Kitco News) - Gold and silver prices recouped mild early losses to trade around unchanged levels on the day, in early-afternoon dealings Tuesday. Gold hit another four-week low below $1,200.00 overnight. The silver market fell to a two-month low today. Precious metals were somewhat supported when the U.S. dollar index sold off today, on a corrective pullback after hitting a 1.5-year high on Mond...Read More

Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesMarantelli, who came onto the Metals X board in September, has more than 40 years' experience in the mining sector, including the past 18 years running openpit and underground mines in Australia, Turkey, Spain, Zambia, Canada and Mexico.His job will be to get the Nifty underground mine to a run-rate of circa-40,000 tonnes per annum of co...Read More

The latest metal markets news and price moves to start the North American day on Tuesday November 13.Base metals on the London Metal Exchange were predominantly higher during morning trading on Tuesday November 13, with upward price action largely impervious to a continued surge in the US dollar index and optimism over US-China trade relations boosting commodity investments.Here's how base metals...Read More