RAPAPORT... The coronavirus has affected every stage of the diamond supply chain, from mining to retail. However, as infection rates fall in important trading centers, and governments begin to ease restrictions, opportunities arise for companies throughout the industry to start selling again. This is a summary of the current situation in the major diamond hubs.New York: Infection rate: The ci...Read More
RAPAPORT... De Beers has been holding sight viewings in Antwerp this week as part of its move to offer goods in locations other than Botswana due to the coronavirus.The company might also enable customers to view rough in Hong Kong and Dubai at its July sale or in the period between the two sight weeks, a De Beers spokesperson added.The current sight, which started on Monday and runs until Fr...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
(IDEX Online) - The Jewelers Vigilance Committee has released a free guide to help those in the US trade navigate their way through complex new rules on the manufacture, sale and advertising of jewelry.Understanding the FTC Guidelines is is an expert-level, all-in-one resource that explains July 2018 revisions tof the Federal Trade Commission jewelry guides and other important laws and regulations...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
(IDEX Online) - Troubled Dominion Diamond Mines is suing DDMI, the majority joint venture partner at Canada's Diavik mine, alleging breach of contract.In a notice of a civil claim lodged at the Supreme Court of British Columbia yesterday, it claims DDMI, a subsidiary of the global mining giant, had failed to act in the best interests of the partnership.Dominion, the world's third largest...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
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
Amazon is selling copies of Meghan Markle's diamond engagement ring at the rock-bottom price of just $25.The real thing features a cushion-cut diamond sourced by Prince Harry from Botswana, with two smaller stones that belonged to his late mother, Princess Diana, set in yellow gold band by royal jewelers Cleave and Company.The copy is made of gold-plated silver, with a 3.5-carat full cushion...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
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
Global tin premiums were broadly static in the fortnight to Tuesday June 16, with a narrowing import arbitrage window for shipment into China doing little to sway weak demand conditions, and forward spreads continue to deter business elsewhere. Shanghai buying appetite reduces amid narrowed arbitrage. US premiums remain flat but weakening demand, widening backwardation expected to hit premiu...Read More
European Aluminium has called on the European Commission (EC) to address the distorting effects of foreign subsidies in the European Union (EU) single market and said the region's aluminium industry is buckling under the pressure of subsidized excess capacity from China.The EC can help create a level playing field for the industry in Europe and must rapidly translate the ambitions of its recently...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: Demand outlook revisedWe are not surprised to see aluminium prices retreat from last week's high after flagging up in recent reports that they had become overbought. 'Sell-the-rally' traders will be targeting the April high now, down at $1,534 per tonne. This week we have reviewed our aluminium demand forecasts fo...Read More
Global nickel premiums were flat in the week to Tuesday June 17, with lackluster demand for physical nickel affecting all regional markets and tempering premiums as a result. Widening arbitrage loss suppresses China buying interest European sentiment mixed in subdued trading conditions US trade rangebound in oversupplied market European sentiment mixed in uncertain marketLackluster physical demand...Read More
The 99.99% cif Taiwan lead ingot premium dropped in the week to Tuesday June 16 after more material came on to the spot market, while premiums for zinc globally were stable to weaker in quiet trading conditions. Supply from India hits Taiwan primary lead premium. Zinc premiums dip in Shanghai after import arbitrage closes. Consumers are starting to resume contractual deliveries, with lit...Read More
European buyers of hot-rolled coil are anticipating price increases from domestic steelmakers after definitive safeguard measures come into force, sources told Fastmarkets on Wednesday June 17.Activity in the European HRC market has remained slow this week due to ample stocks among distributors and persistently weak demand from end consumers.Fastmarkets' daily steel HRC index, domestic, exw Northe...Read More
European domestic prices for cold-rolled coil declined over the past week due to limited trading activity, sources told Fastmarkets on Wednesday June 17.Fastmarkets' weekly price assessment for steel cold-rolled coil, domestic, exw Northern Europe, was ?,?480-490 ($542-554) per tonne on June 17, down by ?,?5 per tonne week on week from ?,?485-495 per tonne ex-works.The assessment was based on achi...Read More