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 the first wave of the coronavirus pandemic began to bite, many observers confidently predicted that the end was nigh for global economic activity. Governments around the world closed their economies as the only tool available to li...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 U.S has increased tariffs on $200bn of Chinese goods to 25%, from 10%, impacting a number of metals. Commentary below comes from the Wood Mackenzie metals team:Copper By Wood Mackenzie Senior Consultant, Yanting Zhou"Previous...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.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 most important driver of the zinc market in 2020 will be the performance of the world’s zinc smelting industry, according to Wood Mackenzie.The easing of trade tensions between the US and China, the struggling manufacturing...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 pandemic has had a massive impact on every part of the global economic system. In response, unprecedented stimulus measures have boosted many countries’ debt-to-GDP ratios to levels not seen since WWII. But even...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.Why is zinc expected to see significantly higher zinc prices later this decade?A spate of scheduled mine closures, an underdeveloped project pipeline and steady demand growth is expected to provide the basis for significantly higher z...Read More

RAPAPORT... BlueRock Diamonds has cut its output guidance for the year amid an increase in Covid-19 cases and riots in South Africa that have impacted operations.The miner now expects to produce between 24,000 and 28,000 carats for the year from its Kareevlei mine, versus the 30,000 to 39,000 it originally predicted, it said Monday. Protests over the imprisonment of former president Jacob Zuma hav...Read More

RAPAPORT... Gem Diamonds enjoyed a continued recovery in rough demand during the first half of 2021, with an improvement in market conditions boosting prices for its goods.Rough sales reached $104 million for the period, the miner said Wednesday - 41% higher than the figure the company reported a year earlier. Sales volume jumped 27% to 55,124 carats, while the average price climbed 10% to $1...Read More

RAPAPORT... Lucara Diamond Corp.'s revenue rose more than sixfold year on year in the second quarter as demand for polished stones drove up rough prices.Revenue from the company's Karowe mine in Botswana soared to $46.3 million for the three months ending June 30 from $7.5 million a year ago, it said Wednesday. While sales volume remained flat at 68,961 carats, the average price jumped to $671 per...Read More

RAPAPORT... US polished-diamond imports leaped 93% year on year to $1.59 billion in June, capping off six months of recovery for the industry. Figures stabilized at pre-pandemic levels - and sometimes higher - in the second quarter, according to data from the US Department of Commerce, while first-half imports jumped 88% versus the same period of 2020. Shipment volumes rose significantly duri...Read More

RAPAPORT... Diamcor Mining's average selling price rose 90% between its two July tenders as the miner recovered larger, gem-quality rough, it said Monday.The company garnered $271,509 from the early July sale of 1,560 carats it produced at its Krone-Endora at Venetia mine in South Africa, achieving an average price of $174 per carat. At the end of July, the miner held a second tender that yielded...Read More

(IDEX Online) - A major underground expansion at the Karowe mine, in Botswana, is forecast to contribute $4bn in extra revenue, says Canadian miner Lucara.The total cost of the project is $534m, fully financed by a $220m senior debt facilities package, $33m of equity financing and projected cash flows from current drill and blast open pit operation.The underground project is expected to prolong th...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 11.Please click...Read More

(IDEX Online) - Four high-quality diamonds have been recovered from the newly-discovered extension to a kimberlite pipe in the Limpopo Province of South Africa.Botswana Diamonds also reports abundant kimberlitic indicators from drill samples at the Thorny River kimberlite extension, which was discovered in November 2020.It says indications so far are very encouraging, and it will embark on another...Read More

(IDEX Online) - The US is set for a weddings boom in 2022, as couples re-schedule after lockdown.The number of ceremonies is forecast at 2.47m, according to the market research company Wedding Report.That's almost double the historic low of 2019, when there were just 1.27m weddings, and up significantly on 2021, with a predicted 1.93m.It will provide jewelers with an extra boost, in addition...Read More

Tin's three-month price reached yet another all-time peak of $35,795 per tonne on Wednesday August 11 on the London Metal Exchange. Most other base metals, copper being the sole exception, were also up while the US Dollar Index pulled back slightly.Months-long supply tightness and continued demand for tin meant that its three-month price has risen by 70% since the start of the year, having been $2...Read More

Prices for 300-series stainless scrap grades in the United States have weakened considerably following a downturn in the domestic ferrous scrap trade, falling nickel values on the London Metal Exchange and some consuming stainless mills buying smaller tonnages."We dropped pricing sharply due to indications of limited demand in September and nickel falling," one major processor said."As I've previo...Read More

A summary of the financial performance of Brazilian aluminium producer Companhia Brasileira de Alum?-nio (CBA) for the second quarter of 2020, according to its earnings report released on Tuesday August 10.In brief Total aluminium sales increased year on year during the second quarter amid a "consistent" recovery of Brazilian demand following the 2020 low caused by the Covid-19 pandemic, CBA said....Read More

Metal held outside London Metal Exchange warehouses decreased for the fourth month running, down by 12% to 913,825 tonnes in June from just over 1 million tonnes in May. The LME's latest off-warrant stock report showed a decrease of 338,158 tonnes in June, following a fall of 140,246 tonnes in May.In April, there were 1,010,360 tonnes of aluminium alone outside of LME warehouses.Copper and le...Read More

Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsMining and the lack of external investmentSPONSOREDswannThe company regretted this decision by workers and reiterated that its offer was very competitive compared to other agr...Read More