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.Demand for copper — already on a rising trend — is arguably set to explode as the energy transition takes hold. In order to prevent structural deficits, unsustainably high prices and demand destruction, miners will have to...Read More
RAPAPORT... A necklace made in 1925 by Jean Fouquet will be the flagship item in a selection of vintage jewelry at an online sale by the French unit at Christie's.This piece is expected to fetch up to EUR 450,000 ($551,254) at the June 21 to July 5 sale, which will offer a range of 19th to early 20th century jewelry. The white gold and silver necklace is an example of jewelry influenced by th...Read More
RAPAPORT... The International Gemological Institute (IGI) has begun offering education services in Egypt, expanding its footprint from its current eight facilities.The institute offers training courses that cover fundamental jewelry topics such as raw-diamond classification and jewelry design, it said Monday. IGI also provides trainees the option of becoming certified specialists in precious...Read More
RAPAPORT... Stuller, a provider of goods and services for jewelry professionals, has named Guy Borenstein as its senior gemologist.Borenstein has 15 years of gemology experience under his belt, including stints as vice president of gemological services at Gemewizard, and as chief gemologist at the European Gemological Center and at GWLAB laboratories, an independent chain of labs."Guy is a wo...Read More
RAPAPORT... Lucapa Diamond Company has agreed to acquire the Merlin diamond project in Australia for AUD 23 million ($17.8 million), planning to fund the deal with private and public sales of its shares.The acquisition agreement with Merlin Operations complements Lucapa's existing portfolio, the miner said Monday. "This is a strategic acquisition which represents a value-accretive and lo...Read More
(IDEX Online) - Mehul Choksi, the Indian diamantaire facing extradition over an alleged $1.85bn fraud against the Punjab National Bank (PNB) has gone missing on Antigua.Family members are "worried and anxious", says his lawyer, after his car was found - with no sign of him - on the Caribbean island where he currently has citizenship. He was last seen at 5.15pm local time on Sunday 23 May.The...Read More
(IDEX Online) - Diamond manufacturer Shairu Gems says it has become first in India to achieve carbon-neutral status.The Mumbai-based company has been financing emission reduction programs to offset its own carbon emissions.In 2014 the company won international recognition for building the world's first energy-efficient diamond factory (pictured), in Surat.Shairu, a De Beers sight holder with...Read More
(IDEX Online) - The largest purple-pink diamond ever offered at auction sold yesterday for $29.3m, a record high price but far short of its $38m high estimate.The 15.81-carat type IIa IF diamond (pictured) was named the Sakura Diamond because it perfectly matches the petals of the Sakura cherry blossom.It was the highlight of a Christie's Hong Kong live auction.The previous auction record for...Read More
(IDEX Online - The Dubai Diamond Exchange (DDE) could set up its own bank to provide financing for dealers.The move is designed to attract more business to a hub that opened in 2002 and last year saw $25bn of rough diamond transactions. Ahmed Bin Sulayem (pictured), executive chairman and CEO of Dubai Multi-Commodities Centre (DMCC) where the exchange is located, said he recognized the need f...Read More
The price of containerized shredded steel scrap imported into India decreased this week on softer demand that was a result of the wave of Covid-19 cases sweeping much of the country, as well as weaker steel prices in China, Fastmarkets heard on Tuesday May 25.Fastmarkets' steel scrap shredded, index, import, cfr Nhava Sheva, India, was $510.93 per tonne on Tuesday, down from $517.88 per tonne in t...Read More
Fastmarkets has increased the frequency of its India steel scrap shredded index to twice-weekly from Tuesday May 25, 2021, following a consultation period which ended on May 20.The steel scrap shredded, index, import, cfr Nhava Sheva, India, has been subject to continuous fluctuations in the market as a result of factors such as the Covid-19 pandemic and the global shipping crisis.This means that...Read More
The three-month prices of zinc and lead were the only ones to rise on Tuesday May 25, while other futures contracts on the London Metal Exchange ended the day lower, with consolidation continuing in the base-metals complex.The price of the galvanizing metal rose to $2,982.50 per tonne from Monday's 5pm price of $2,948.50 per tonne. One week earlier, zinc had reached its latest year-to-date high at...Read More
Chilean copper producer Codelco has agreed a 36-month labor deal with unions representing management and employees at its headquarters in Santiago the state-run company said on Monday May 24.The world's largest copper producing company had offered no pay rises, but a bonus of 1.5 million Chilean pesos ($2,068) for those agreeing to the labor deal."The successful negotiation adds to [other] deals r...Read More
"Pricing power" was again one of the hot topics at this year's LME Asia Metals Seminar on Tuesday May 25, with several panelists talking about China's position in the global base metals markets.The East Asian country is the world's major consumer of many commodities, notably base metals, and it should have more pricing power, panelists said, with the global commodity pricing center shifting gradua...Read More
Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDRemembering the lessons from the last gold bull marketSPONSOREDsrk consultingThe company has about A$25 million cash following a $20 million placement earlier this month.Read More
Italian flat steel re-roller Marcegaglia is among a group of companies investing in a hydrogen-powered "green" flat steel plant in Boden, Sweden, to be by built by H2 Green Steel (H2GS), it was announced on Tuesday May 25.H2GS has successfully closed its Series A equity financing of $105 million from a select group of investors. These include Altor Fund V, Ane & Robert Maersk Uggla, Bilstein Group...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationHoles 1-7 at Tandayama-America (TAM) intersected copper and gold mineralisation starting from as shallow as 20m below surface. The best results including 531m at 0.Read More
Steel rebar prices in the United Arab Emirates continued to rise in the week to Tuesday, May 25 on improving demand, while imported steel billet prices fell due to a lack of interest, sources told Fastmarkets.After securing steel billet volumes in the week to May 18, rebar producers were said to have enough in stock to last for more than a month, so were no longer interested in making further book...Read More
A combination of tight supply and strong demand was keeping the European hot-rolled coil market bullish, with the situation unlikely to change any time soon, market participants told Fastmarkets on Tuesday May 25.Some sources, however, were growing concerned that recent price falls in China might put an end to the rapid increases in Europe.Fastmarkets calculated its daily steel hot-rolled coil ind...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationAtalaya said two of the permits - Peñas Blancas and Cerro Negro - were located immediately to the east of Riotinto, while the third - Herreros - was located 40km east of the asset and 10kmRead More