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.To quote Elon Musk, “We are running the most dangerous experiment in history right now, which is to see how much carbon dioxide the atmosphere can handle before there is an environmental catastrophe.” What was once a heate...Read More

(IDEX Online) - Dan Gertler, the diamond and mineral billionaire accused of "suspect mining and oil deals", was allegedly behind the payment of $360m in bribes to officials in the Democratic Republic of Congo (DRC).The claim is made in a joint investigation by the Bloomberg financial news website, the Africa Confidential online magazine and the Israeli newspaper Ha'aretz."Insofar as is known,...Read More

RAPAPORT... Australian jeweler Michael Hill reported a rise in revenue during the fourth fiscal quarter amid the reopening of a number of its stores and a sharp increase in online sales.Group sales soared 116% to AUD 116 million ($85.5 million) in the three months ending June 30, the company said last week. Same-store sales - at branches open more than a year - grew 7.5%. During the period, Michae...Read More

A leading copper producer in China was investing billions into new projects to produce raw material for lithium batteries with the country going through a transition to the use of renewable energy.Jiangxi Copper planned to build a lithium-copper foil facility with capacity for 100,000 tonnes per year in Shangrao by 2028, according to a regulatory filing to the Hong Kong bourse on July 15.A total o...Read More

The London Metal Exchange's new aluminium duty-paid European premiums contract, which is settled againstFastmarkets' assessment, traded for the first time on Tuesday July 20.The cash-settled contract had more than 1,800 tonnes cleared in the LME's inter-office market at $359 per tonne for a September 2021 to April 2022 period. The contract, which launched on Monday July 19, is basis...Read More

A summary of BHP's copper, iron ore and nickel production results for the year ended June 2021.Australia-based resources company BHP's operational review, published on Tuesday July 20, is summarised below.In brief Annual copper production was down by 5% from the previous year, mainly due to declines at Escondida and Pampa Norte, both in Chile,...Read More

Anglo American increased its production of copper and manganese in the second quarter of 2021, but nickel production dropped, according to results released on Tuesday July 20.In brief Manganese ore production was 941,000 tonnes in the second quarter, up by 18% against the corresponding period last year. First-half manganese production was up by 13% year on year to 1.845 million tonnes. Copper prod...Read More

The London Metal Exchange nickel cash price is likely to hit $20,500 per tonne in the third quarter, with strong stainless steel demand and electric vehicle (EV) restocking driving the uptrend, according to analysts at Citi.Despite a sell off across base metals on July 19, Citi Metals Strategist Oliver Nugent told Fastmarkets that nickel fundamentals remain strong for Q3 and that he expects the pr...Read More

Base metals prices were up across the board on the morning of Tuesday July 20, recovering slightly from Monday's drop after a sharp rise in global coronavirus cases raised concern about potential further lockdowns stifling economic recovery."This morning the metals have recovered a little from yesterday's fall but on very thin volumes and no doubt unnerved by the Asian equities in negative territo...Read More

Hot-rolled coil prices in the United States climbed to a new record high as a result of the latest spot offers and an increase in reported transactions involving material for August and September shipment.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $91.34 per hundredweight ($1,826.80 per short ton) on Tuesday July 20, an increase of 0.42% from $90.96 per cwt on Mo...Read More

Shipments and distribution of steel in Germany have been disrupted by the recent flooding in the country, pushing flat steel producer Thyssenkrupp to declare force majeure, sources told Fastmarkets on Tuesday July 20.The situation was likely to worsen the carbon steel shortage in the European market, participants believed. Over the past year, the supply of both flat and long steel products has bee...Read More

AIM-listed Greatland acquired Havieron in 2017 and immediately set to work on geophysical studies and then a drilling campaign. The initial drill results were impressive enough to attract the attention of Newcrest, Australia's largest gold miner, which agreed to acquire up to a 70% interest in Havieron as part of a US$65 million farm-in agreement. Newcrest is also providing Greatland with up to US...Read More

Sentiment varied in the hot-rolled coil markets of Northern Europe and Italy despite seasonally slow demand in both regions, sources told Fastmarkets on Tuesday July 20.In Northern Europe, domestic HRC prices are likely to remain fairly stable during summer and will possibly rise in autumn, sources said. Good order books at the region's mills and concerns about tight supply due to German floods su...Read More

Export prices for steel hot-rolled coil products from the Commonwealth of Independent States region were stable over the week to Monday July 19 with deal prices almost unchanged from the previous week.The Turkish market continued to support CIS producers, with two cargoes heard sold within the range of $950-955 per tonne cfr. This compared with bookings at $945-960 per tonne cfr previously. This w...Read More

Uranium Outlook: Ready for lift off at lastSPONSOREDGalan Lithium rides electric vehicle revolutionSPONSOREDgalan lithiumGlobal Atomic is shipshape and in weather for plain sailingSPONSOREDglobal atomicDenison aims for 2022 live ISR field test at PhoenixSPONSOREDdenison minesIron ore production in Western Australia rose 9% quarter-on-quarter to 65.2 million tonnes due to record production at Minin...Read More

Steelmaking heavyweights in eastern China's Jiangsu province were actively looking to source steel billet imports on Tuesday July 20, after the reality of crude steel production cuts in the region started to become clearer.Three mill sources from the region told Fastmarkets they were interested in importing billet, with the recent output cuts communicated to them by Chinese authorities set to limi...Read More

ASX-listed Eagle Mountain raised A$11 million (US$8 million) in February 2021 in order to accelerate activities at Oracle Ridge. The results of the subsequent drilling campaign have included 5.Read More

Hot-rolled coil prices across China's domestic market edged lower on Tuesday July 20 and futures prices fell following Beijing's latest pledge to ensure stable prices for commodities.DomesticEastern China (Shanghai): 5,850-5,930 yuan ($903-915) per tonne, down by 20-30 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange slipped to a one-week low of 5,822 yuan per tonne in e...Read More

Canada-based TRQ had last week maintained force majeure as it outlined lower production figures, worker numbers up to 25% less than planned, plus little progress on either Shafts 3 and 4 or on key approvals needed for the block cave undercut.In a research note, Macquarie said TRQ's copper production and shipments were 9% and 46% below its estimates, respectively.It incorporated a six-month delay i...Read More

Base metals prices on the LME were up across the board this morning, Tuesday July 20, while the SHFE followed Monday's weakness, which was triggered by growing fears over the potential impact of the Delta variant of Covid-19 on the global economic recovery.* Gold, the yen and the dollar were stronger and the United States 10-year treasury yield weaker - all signs of a pick-up in haven demand* The...Read More