The United States plans to "make up for lost time" in the battle against climate change by developing new technologies and investing in the products that will drive the transition to a global, low-carbon economy, according to the country's Treasury chief, Janet Yellen.Speaking in a keynote speech at the US Chamber's inaugural global forum on economic recovery, the Secretary to the Treasury said th...Read More

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.On Friday 15th February 2019, Vale announced there was a fire affecting a conveyor belt system at its distribution centre in Malaysia. Vale anticipate this will result in a 10 to 15 day halt in operations and note that a planned 10 da...Read More

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.Genscape is now part of Wood Mackenzie. As we combine their commodity intelligence and proprietary short-term data sets with Wood Mackenzie’s world-class long-term analysis, we will be able to offer you unparalleled depth and br...Read More

RAPAPORT... Forevermark will change its name to De Beers Forevermark, enabling the retail brand to capitalize on the miner's reputation and sustainability efforts, a spokesperson confirmed to Rapaport News last week."Creating a stronger association between the De Beers name and Forevermark will deliver benefits for Forevermark partners and customers alike, by providing a deeper connection to...Read More

(IDEX Online) - A record-breaking 204.36-carat fancy intense yellow diamond is to be auctioned by Christie's New York, with a high estimate of $5.5m.The Dancing Sun (pictured) is the largest polished diamond produced in North America since the first mine opened there 30 years ago. It has been graded by GIA as natural color, VVS2 clarity, excellent polish and symmetry.It was cut from the...Read More

(IDEX Online) - The final collection of pink and other rare diamonds from the iconic Argyle mine is to be sold, with bids closing on 1 September.It marks the end of an Tera for the deposit in the in the remote east Kimberley region of Western Australia, which has provided the overwhelming majority of pink diamonds globally since 1982.Seventy diamonds with a combined weight of 81.63 carats will be...Read More

EVE Energy Co will construct a new nickel-cobalt-manganese (NCM) operation in China in a joint venture with two partners, the Chinese lithium battery producer said, to bolster its position in the upstream sector for battery raw materials.The project - to be built with Chinese battery raw materials producer BTR (JiangSu) New Material Technology Ltd and South Korea-based electric vehicle (EV) batter...Read More

(IDEX Online) - The flaws that reduce the value of a diamond are helping scientists how our planet was formed.They've developed new techniques that allow them to tell the age of a diamond from tiny "microinclusions" of fluid trapped during its formation.A team at The Earth Institute, Columbia University, USA, has examined diamonds from Africa and identified three distinct periods in which the...Read More

Sales volumes of flat-rolled steel by Brazilian distributors were up 106.69% in April from the corresponding period of 2020, amid a lower comparison basis and stronger end-user demand, national distributor association Inda said on Tuesday May 18.Distributors sold 343,100 tonnes in April, an increase from 166,000 tonnes a year before, when there was a demand crisis due to the Covid-19 pandemic. Sal...Read More

Crude steel production in Italy jumped year on year in April, mostly driven by higher output of long steel products, Italian steel association Federacciai said on Tuesday May 18.Italian crude steel production totaled 2.06 million tonnes in April, up by 78.94% from 1.15 million tonnes in April 2019.Long steel output more than doubled year on year in April, to 1.17 million tonnes from ...Read More

European hot-rolled coil buyers face a shortage of steel and have little alternative but to accept offer prices from domestic mills, market sources said on Tuesday May 18. Since steelmakers have largely stayed out of the spot market, the number of completed deals remains small for now although demand both from end consumers and from distributors remains strong. Buyers said they have no option but...Read More

Flat-rolled steel import prices in the United Arab Emirates and Saudi Arabia increased further during the week ended Tuesday May 18, but demand has yet to improve due to limited market activity after the Eid Al-Fitr holiday, sources told Fastmarkets.The Eid holidays ended on May 17 and stock levels are low in the countries, so buying is likely to improve soon, sources added.Saudi ArabiaHot-rolled...Read More

Sentiment in the CIS steel billet export market cooled down somewhat after a sharp drop in demand from China, sources told Fastmarkets on Tuesday May 18.Falling rebar futures prices resulted in significant cuts in spot rebar prices in the domestic market in China, which in turn led to reduced interest in imported billet, thereby pushing down offer prices. China had been the major buyer of CIS stee...Read More

Steel billet and rebar prices increased sharply in the United Arab Emirates during the week ending Tuesday May 18 due to very good demand after the Eid al-Fitr holiday ending earlier in the week, sources told Fastmarkets. "Contractors are buying more steel, expecting big price increases," one trader told Fastmarkets. The country's biggest producer, Emirates Steel, announced its rebar price at 3,06...Read More

The Commonwealth of Independent States' flat-rolled steel export market increased again during the week to Monday May 17 due to strong demand.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $1,055-1,075 per tonne on May 17, up by 2.65% from $1,020-1,055 per tonne a week earlier.Amid strong local market demand, the price in Turkey rose to $1,070-...Read More

Stellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDCopper supply struggling to match forecast demandSPONSOREDSaturn still shooting for the stars at Apollo HillSPONSOREDsaturn metalsEstablished parties lost out in local elections over the weekend to independent and left-leaning candidates, with capital Sant...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationRio Tinto agreed to purchase 11.8 million shares in the junior at C$2.17 per share, a 15% premium, to take an 8% stake in the company. Western will use the proceeds to fund feasibility study and permitting work at Casino and will remain the operator.The investment will allow Rio to have one member on the Casi...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationReporting initial results from the first 11 holes of its 16,500m 2021 drilling campaign, the company reported a highlight of 5.5m grading 3.46% copper, 0.25 grams per tonne gold and 8.Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Tuesday May 18, and once again recent dips have been short-lived and not that deep, suggesting sentiment remains robust.* Inflation concerns remain elevated, US treasury yields and gold firmer* United States Federal Reserve officials stick to their view that inflationary pressures w...Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDThe deposit has an indicated resource of 1.96 million tonnes grading 1.31% copper, 1.44 grams per tonne gold and 27.1g/t silver for 2....Read More