Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The coronavirus pandemic has had a massive impact on every part of the global economic system. In response, unprecedented stimulus measures have boosted many countries’ debt-to-GDP ratios to levels not seen since WWII. But even...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperSylvania, which processes PGMs from chrome tailings at its dump operations in South Africa, reported a 3% quarter-on-quarter drop i...Read More
Base metals prices on the London Metal Exchange were down across the board at the 5pm close of trading on Tuesday October 26.The three-month aluminium price lost more ground, closing 1.6% lower, at $2,829 per tonne.Aluminium was the most-traded metal on LMESelect throughout the day, with 23,151 lots traded by 5:30pm, compared with just 9,243 lots of copper."In line with our expectations, discussed...Read More
RAPAPORT... India's diamond industry has urged Alrosa to provide opportunities for smaller manufacturers to buy its rough, arguing that the miner's current supply system favors larger customers.Officials from the country's Gem & Jewellery Export Promotion Council (GJEPC) met with Alrosa executives last week to push the matter, the trade group said Monday.Alrosa sells most of its rough thr...Read More
RAPAPORT... Petra Diamonds' revenue jumped in the first fiscal quarter as the miner sold several high-value stones, with the category contributing nearly half of total sales.Revenue surged 48% to $114.9 million for the three months ending September 30, the company reported Tuesday. Petra offered three exceptional diamonds during the period, including a 39.34-carat blue, which sold for $40.2 millio...Read More
Glencore's Portovesme zinc and lead producing site in Italy is considering government-backed social protection programs among many recourses to deal with the high price of electricity, Fastmarkets has heard. As of mid-October, the company has been "monitoring the situation across its European zinc smelters, and adjusting production to reduce exposure to peak price periods during the day, whil...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperBHP's decision to create and then demerge South32 in 2015 was certainly a good way for it to reach its own GHG targets.Read More
RAPAPORT... US consumers will spend more this holiday season as they return to travel and other experiences amid a reopening of the economy, according to a survey by Deloitte.Americans will shell out an average of $1,463 for festive purchases, compared to $1,387 in 2020, the consulting firm noted last week. Consumers with an annual income of $100,000 or more are expected to drive the increase, wit...Read More
RAPAPORT... Sustainability is now a leading consideration for diamond shoppers, with many prepared to pay a premium for proof of socially responsible origins, according to De Beers' annual Diamond Insight Report.Some 56% of consumers are willing to spend 10% to 20% more on natural-diamond brands that can demonstrate they operate in a socially and environmentally responsible way, the miner sai...Read More
Decarbonization is too big a challenge for one single industry to tackle alone and will inevitably lead to collaborative efforts with other sectors, the deputy secretary general of the International Aluminium Institute has said.Speaking during a briefing on Tuesday October 26, Pernelle Nunez said that the aluminium industry - which is responsible for 2% of global carbon emissions due mostly to the...Read More
(IDEX Online) - Over $50m of rough diamonds will be offered for sale at a debut event by the newly-established Gem Auctions DMCC in Dubai.The company was founded by veteran Alan Davies (pictured), CEO diamonds, energy and minerals at Rio Tinto until 2016 and now head of the Zambian mining company Moxico Resources.The sale of more than 100,000 carats - run-of-mine production and parcels - takes pla...Read More
(IDEX Online) - Amazon leapfrogged Costco and Tiffany last year to become the third biggest watch and jewelry retailer in the US.Its 2020 sales leapt by almost 40 per cent, from $1.62bn to 2.24bn as the pandemic forced more and more customer online.Signet, with almost 2,500 outlets, remained the biggest seller by far, according to National Jeweler magazine's The $100m Supersellers league tabl...Read More
Rio Tinto and Iceland-based carbon-capture company Carbfix will partner to implement a carbon-capturing storage facility at Rio Tinto's ISAL Aluminium plant in Iceland, according to a statement published on Tuesday October 26.Carbfix will use Rio Tinto land around the ISAL smelter for an onshore carbon mineral storage facility, which will store carbon emissions from the smelter as well as other so...Read More
(IDEX Online) - Diamond buyers are prepared to pay an extra 20 per cent for the peace of mind that their purchase has a guarantee of sustainability.That's among the key findings of De Beers' eighth annual Diamond Insight Report, published today and titled Sustainability: shaping the future of the diamond sector.It found that over half (56 per cent) of consumers would pay a premium of 10...Read More
Miner Sibanye-Stillwater has acquired Brazilian companies Atlantic Nickel and Minera????o Vale Verde (MVV) from Appian Capital Advisory LLP for $1 billion and an additional royalty, the companies have said.The deal will give Sibanye-Stillwater 100% ownership of both the Santa Rita nickel mine operated by Atlantic Copper, and the Serrote copper mine operated by MVV.Appian will receive $1 billion in...Read More
Hot-rolled coil prices in the United States rebounded on Tuesday October 26, with buyers still finding mills unwilling to budge on higher price levels despite reports of softness.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $95.43 per hundredweight ($1,908.60 per ton) on Tuesday October 26, up by 2.12% from $93.45 per cwt on Monday October 25 but down by 0.50% from...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperFortuna said it had applied for a 10-year extension in May.The EIA had been granted in 2009 and expired on October 23, and Fortuna...Read More
Sales volumes from Brazilian flat-rolled steel distributors decreased by 27.69% in September, compared with the corresponding month last year, national distributor association Inda said on Tuesday October 26.There was a much stronger base of comparison this year compared with 2020, when the market was rapidly recovering from lows caused by the Covid-19 pandemic.Sales totaled 291,500 tonnes in Sept...Read More
Flat steel import prices into the United Arab Emirates and Saudi Arabia decreased or were unchanged during the week ended Tuesday October 26, with only one deal heard, sources told Fastmarkets.Offer prices decreased from India during the week, and Saudi Arabia also offered hot-rolled coil at reduced prices to the UAE."Everyone is in wait-and-see mode," one trader said. "With the Chinese futures ma...Read More
Uncertainty about steel product prices in the United Arab Emirates continued even after the country's biggest producer, Emirates Steel, announced a new rebar price on October 24, sources told Fastmarkets on Tuesday October 26.Emirates Steel has been offering rebar at 2,490 dirhams ($678) per tonne ex-works since October 24, rising from the previous 2,406 dirhams per tonne ex-works.But the price in...Read More