A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 1.Please click...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More

Domestic prices for cold-rolled coil in Europe were stable in the week to Wednesday September 1, supported by full order books at producers, sources have told Fastmarkets.Sentiment among buyers, however, has been negative due to a combination of competitive import offers, expected low demand from the automotive sector and sufficient stocks at distributors.A continuing shortage of semiconductors ha...Read More

Almost all London Metal Exchange base-metals prices fell under pressure at the end of the day on Wednesday September 1, to start the new month on the back foot following a small pickup in prices in the last week of August.The base-metals complex came under pressure on Wednesday morning after the release of the Chinese Caixin manufacturing purchasing managers' index (PMI). This dropped to 49.2 in A...Read More

Seaborne coking coal prices were up in both the cfr and fob markets on Wednesday September 1, although sources at two major mills in China said they did not want to buy at such high prices.Domestic first-tier coking coal prices in China, meanwhile, increased in fourth-quarter long-term contracts and coke prices increased for the eighth round since the start of August, sources said. Fastmarket...Read More

Seaborne iron ore prices plunged on Wednesday September 1 amid more expectations for crude steel production curbs for the remainder of 2021, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $143.43 per tonne, down $10.24 per tonne62% Fe low-alumina fines, cfr Qingdao: $144.23 per tonne, down $10.21 per tonne58% Fe fines high-grade premium, cfr Qingdao: $112.72 per tonne, do...Read More

Sentiment in the European market for steel heavy plate was downbeat in the week to Wednesday September 1 due to declines in both the costs for raw materials and semi-finished steel prices, sources have told Fastmarkets.Competitive offers from Central Europe also contributed to the negative mood in the market.Fastmarkets' price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was u...Read More

RAPAPORT... Losses widened at diamond miner Diamcor during the first fiscal quarter as operations remained limited during South Africa's Covid-19 outbreak.The company incurred a net loss of CAD 844,899 ($670,737) in the three months ending June 30, compared with a loss of CAD 744,487 ($591,073) a year earlier, it reported Monday. This reflected an increase in costs, which outweighed a rise in...Read More

Activity in the European hot-rolled coil market remained limited on Wednesday September 1, with mills keeping prices stable and buyers demanding price decreases, sources told Fastmarkets.Market sources believe that the situation is unlikely to change in September - buyers have sufficient stocks and producers have good order books, so both sides can maintain a "wait-and-see" stance.Buyers believe t...Read More

RAPAPORT... BlueRock Diamonds garnered $1.1 million from the sale of three rough stones at its August tender, achieving its highest per-carat prices all year.The miner sold the biggest of the stones, weighing 58.6 carats, for $585,000, or $10,000 per carat, it said Tuesday. That diamond was the largest BlueRock has ever recovered from its Kareevlei mine in South Africa.Meanwhile, the company also...Read More

RAPAPORT... Bonhams will sell a Belle ??poque aquamarine and diamond brooch that belonged to Deborah Mitford, the duchess of Devonshire, at its London Jewels sale next month.The piece, which dates back to 1905, features a large, oval-cut aquamarine surrounded by old-brilliant and single-cut diamonds, suspending a detachable aquamarine drop. It is expected to fetch $34,000 to $48,000 at the Se...Read More

The 300-series stainless scrap market in the United States has picked up momentum, with processors already looking ahead to anticipated strong demand in the fourth quarter; meanwhile, 400-series prices increased despite expectations that ferrous scrap prices could fall this month."There is still a decent appetite for stainless scrap, but processors are being more conservative with pricing until mi...Read More

(IDEX Online) - Brilliant Earth, the US-based "ethical jeweler", is going public with an IPO initially set at $100m, it announced on Monday.It follows a leap in sales of almost 45 percent, to $163m in the first half of this year.The digital-first company was founded by Beth Gerstein and Eric Grossberg in San Francisco in 2005.Gerstein had failed to find ethically-produced engagement ring. She and...Read More

RAPAPORT... Lab-grown diamonds offer a traceable, conflict-free, socially responsible jewelry option. Consumer opinion has shifted to value corporate social responsibility, with transparency and environmental issues being at the core. Millennials and Generation Z seek products and companies that improve society, and lab-grown diamonds offer a safe alternative for those who are concerned about...Read More

RAPAPORT... Brilliant Earth, which specializes in selling ethically sourced diamonds and jewelry, has announced plans to become a public company on the Nasdaq stock exchange."There is a massive growth opportunity ahead," the online-focused US retailer said Monday in its initial public offering (IPO) filing. "We are less than 1% penetrated in the jewelry category today. With our purpose-driven bran...Read More

(IDEX Online) - There was a raft of price rises among low-clarity 3.00-3.99 ct rounds and clusters of drops in some smaller goods during August. Little movement for fancies. Price drops dominate in round goods under 0.90-ct but there are some significant rises among larger stones. The most notable is in 3.00-3.99 ct, where there were price rises among virtually all goods F-N / I1-I3. T...Read More

Aluminium producer Emirates Global Aluminium (EGA) plans to expand its production of sustainable aluminium, according to Salman Abdulla, executive vice president of health, safety, sustainability, environment, fire and rescue, quality, and business transformation.The company said in February that it would supply 43,000 tonnes per year of CelestiAL aluminium to BMW Group. EGA has supplied meta...Read More

Chile's Ministry of Energy & Mining has unveiled a national mining policy that will run until 2050, the Pol?-tica Nacional Minera 2050, which sets out a series of initiatives intended to decrease the amount of water used by the country's mining industry, as well as to increase transparency across the sector.The policy blueprints were published on Tuesday August 31.The government initiative, which...Read More

Almost all London Metal Exchange base-metals prices fell under pressure at the end of the day on Wednesday September 1, to start the new month on the back foot following a small pickup in prices in the last week of August.The base-metals complex came under pressure on Wednesday morning after the release of the Chinese Caixin manufacturing purchasing managers' index (PMI). This dropped to 49.2 in A...Read More

Premiums for nickel full plates spiked in Shanghai after an arbitrage for imports opened wide over the week ended Tuesday August 31. Premiums elsewhere were stable although a freight crisis in the United States could prompt a future rise in that market.China premiums rise to 2-year highSHFE short squeeze said to bolster import arbitrageUS rates stable amid trucking shortage.China full plate premiu...Read More