The London Metal Exchange aluminium price has climbed 6.5% so far this month, piggybacking on the uptrend in the rest of the complex, even though aluminium stocks at registered warehouses are at a three-year high. The three-month aluminium price hit an intraday high of $1,640 per tonne before closing at $1,627.50 per tonne on June 10, up from $1,528 per tonne at the start of the month. This is up...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.Back before coronavirus knocked “normal” out cold, the key issues for miners were sub-investment prices, rising requirements for ESG and decarbonisation. How things change. So while our base case view is that the recession...Read More

Market activity slow, but sentiment improving as retail reopens and US unemployment reduced to 13.3% for May. Growing interest in investment diamonds, with higher prices for D-IF, 0.50 ct. and 1 ct. (3X, none) goods. Tiffany & Co. signals robust recovery in China after 1Q revenue -45% to $556M with loss of $65M vs. profit of $125M, e-commerce sales +23%. Signet Jewelers 1Q revenue -41% to $852...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.Rising stocks of concentrate, high treatment charges and difficulties in selling less desirable qualities of concentrate was expected to result in mine production losses over the next few years. But coronavirus has changed this dynami...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.Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.Wood Mackenzie senior...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.What does tight oil have in common with Facebook, Apple, Amazon, Netflix and Alphabet's Google stocks (known as FAANG stocks)? Answer: tight oil is arguably the upstream equivalent of these tech sector leaders. It's the hot investment...Read More

RAPAPORT... New York's Diamond Dealers Club (DDC) unlocked its doors on Tuesday, with social distancing in place, after the city entered phase one of its reopening plan."Based on my conversations with members, I felt it was the highest priority to be open as soon as possible, as many members rely on the trading floor as a necessity for their businesses and livelihoods," DDC president Reuven K...Read More

RAPAPORT... Chow Tai Fook expects sales in Hong Kong to remain weak after reporting a sharp slump in revenue and profit due to the coronavirus. Consumer demand was slow in the municipality in April and May as tourists stayed away, contrasting with a slight recovery in mainland China following the relaxation of lockdowns."In Hong Kong and Macau, the market will remain challenging in the forese...Read More

Dear Subscribers,After careful consideration we are returning to our policy of publishing the Rapaport Price List on a weekly basis. The diamond markets are returning to activity and it is important that we have the flexibility to change our benchmark prices when and how we see fit.We will not publish a weekly TradeSheet with discount prices as this additional price sheet has caused confusion and...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.Different markets, different cycles. Mining companies suffered for their sins in the downturn a little earlier than the oil and gas sector. Now they are emerging into a new upturn, also ahead of the game.  What challenges do...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.What have I got to do to make you love me? What have I got to do to make you care?You can imagine the Majors' CEOs musing over Elton John's lyrics, wondering what it takes to win over investors after the stock market's dismissive rece...Read More

RAPAPORT... The Israel Diamond Exchange (IDE) closed its trading floor on Wednesday after a member who had been inside the hall tested positive for Covid-19.The bourse has already disinfected the room in preparation for it to reopen on Sunday, an IDE spokesperson told Rapaport News Thursday. The trading floor shut initially on March 15 because of the global pandemic, and restarted on May 24 w...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.As electric vehicles have grown in popularity, increasing attention has been placed on raw materials such as lithium, cobalt and nickel for batteries, but the story extends further.Fully electric vehicles will require four times...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.Disruptions to the metals markets, as well as the sentiment change due to the coronavirus (COVID-19), have dominated metals markets and price movements so far in 2020. The metals markets are moving faster than ever driven by announcem...Read More

RAPAPORT... More than half of US consumers think holiday gifts this year should be meaningful, and see diamonds as the top representation of that notion, according to a survey by De Beers.Some 56% of both men and women believed a meaningful gift was a better choice than one that was practical, functional or fun. Respondents also classified diamonds as a gift that symbolized intimacy, connecte...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. Building a case for long-term sustainability'Underwhelmed' sums up investors' indifferent response to the Majors' Q1 results. The flicker of positive share price movement barely made an impression on the collective 16% underperf...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.The coronavirus is casting a shadow across commodity markets. It has undermined China’s economic sentiment, putting the country's growth outlook at risk. The full scale and impact of the outbreak remain to be seen, but it is cer...Read More

(IDEX Online) - Face masks are being sold online to raise funds for Jewelers for Children. New York-based jewelry companies SDC Designs and SHR Jewelry Group are tapping into their manufacturing resources to help a charity that has donated nearly $57m to kids' programs since it was founded in 1999. "Everyone is going to need access to masks as our industry follows guidelines set by the CDC,"...Read More

RAPAPORT... The pandemic of 2020 has caused what may be the greatest economic upheaval in the history of modern society. No one is unaffected, from the catastrophic loss of life, to the tens of millions around the world who have lost the income they need to survive, to the businesses everywhere that have been wiped out or reduced to ashes. This is an international challenge that must be met w...Read More