China's domestic rebar prices retreated on Tuesday July 2 after Tangshan eased its steelmaking restrictions for July.Domestic Eastern China (Shanghai): 4,000-4,030 yuan ($584-588) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,950-3,980 yuan per tonne, narrowed downward by 10 yuan per tonneChina's steel production hub in the northern region released a notice on Tuesday detailing l...Read More
The Gemological Institute of America (GIA) distance education programs, including student workrooms, will be available in China through a cooperative program at Shanghai Jiao Tong University (SJTU). GIA's Graduate Gemologist (GG), Jewelry Design, accelerated Graduate Diamonds and accelerated Graduate Colored Stones programs are already available on campus at SJTU. Prospective students will no...Read More
RAPAPORT... Trans Hexhas issued a warning about its capacity to continue as a going concern, stating there was"material uncertainty" around its ability to fund its short-term liquidityrequirements. The notificationcomes amid continued operating losses for the business. Trans Hexrecorded a loss of ZAR 9.3 million($654,592) for its South African operations during the 2019 fiscal year ending March 31...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More
RAPAPORT... ABSA Bank has granted Firestone Diamonds a waiver after adrop in small-diamond prices put the miner at risk of breaching its loan covenants. The terms of Firestone's $82.4 million loan from ABSA included assumptions about estimated future diamond values. Weakness in thesmall-diamond market resulted in the company's average selling price falling to$74 per carat in the nine months ending...Read More
This month, Jewelers of America (JA) is breaking ground with its first National Convention. Advocating for independent jewelers, JA's upcoming program will delve deeply into what is happening in Washington D.C. By bringing leading experts into the room, Jewelers of America is creating a transparent conversation, preparing retailers for happenings on the Hill that could affect their busi...Read More
JCK Las Vegas, the jewelry industry's largest and show in North America, wrapped up its 2019 edition with a few lists and summaries. This year's JCK Las Vegas show hosted 2,200 exhibitors and some 30,000 industry professionals, including over 13,000 approved, who arrived from more than 100 different countries in the world. The JCK show featured designers and manufacturers, innovative te...Read More
Aim-listed BlueRock Diamonds expects the operating time at its Kareevlei diamond mine, in Kimberley, South Africa, to increase by more than 30% after it shifted to a 365-day-a-year operation in March.This improvement will add to those improvements already achieved during the company’s 2018 financial year, ended December 31, during which it increased its diamond sales by 71% year-on-year to 5...Read More
Rio Tinto's diamonds business is celebrated its 30 years of work in and with India this month. The Indo-Argyle partnership with the Indian diamond industry include the launch of the Indo Argyle Diamond Council in 1993 to create awareness and acceptance of Indian-made diamond jewelry in the US. This paved the way for direct sales to US retailers and the Ro Tinto's business excellence mode...Read More
The Israel Diamond Exchange (IDE) is launching a global awareness campaign to differentiate, in the IDE's verbiage, "fake from real." The campaign consists of several short videos that will be released during the coming weeks and will be promoted through digital marketing channels. The message of the campaign is "In a fake world, real things are rare," and tells the story of the natural diam...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumCortadera is just 14km from Hot Chilli's flagship Productora copper project where it has resources of 1.5 million tonnes copper and one million ounces gold.Read More
Brazilian iron ore export volumes fell again in June amid Vale's constraints on output, according to data from the country's ministry of economy published on Monday July 1.The country exported 29.4 million tonnes of iron ore in June, down by 16.70% from 35.3 million tonnes in the corresponding month a year before and 1.40% lower than 29.8 million tonnes in May 2019.There was one less working day i...Read More
Seaborne iron ore prices continued to rise on Tuesday July 2, amid persistently tight supply and news about an easing of the restrictions on steel production in China.MB 62% Fe Iron Ore Index: $125.77 per tonne cfr China, up by $2.12 per tonneMB 62% Fe Iron Ore Index-Low Alumina: $126.24 per tonne cfr China, up by $0.48 per tonneMB 58% Fe Premium Index: $115.04 per tonne, up by $1.37 per tonneMB 6...Read More
The seaborne coking coal market softened further on Tuesday July 2, with offers continuing to fall while buyers kept to the sidelines to see how much more prices could fall.On the Global Coal trading platform, a cargo of unbranded materials was offered during the day at $186 per tonne fob Australia, and a shipment of branded materials, at $191 per tonne fob Australia. Both are August-laycan cargoe...Read More
It has been over half a year since the seaborne iron ore market got itself a new tool to manage price risks associated with exposure to the high-grade segment.And going by the performance of the Singapore Exchange's (SGX) 65% Fe iron ore futures contract so far this year, it is serving its purpose.On average, more than a million tonnes worth of the contract have been traded every month since its D...Read More
Positivity...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published...Read More
LME aluminium prices up 1.9% last...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
Aluminium The London Metal Exchange three-month aluminium price...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plu...Read More
Small deficit in Q1 The ICSG...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as i...Read More
Lead prices put in a...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s...Read More