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.Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held Covey Park.Robert Clarke, director, US Lower 48, at global natural resources consultancy Wood Mackenz...Read More
(IDEX Online) - Swarovski has added 16 new colors to its lab-grown diamond collection. The crystal behemoth launched its first Swarovski Created Diamonds in 2018 with the new colors premiering during this week's Haute Couture Fashion Week in Paris "Swarovski is probably most known for our precision-cut crystals, but as a company we are increasingly focused on exploring new materials 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.This year may prove to be a strong one for the refining sector, but 2020 has had a difficult start. Wood Mackenzie expects some turbulence this year as a number of factors come together – geopolitical risk, the impact of IMO 202...Read More
(IDEX Online) - Kay Jewelers and Le Vian have partnered this football season to design a limited edition football necklace. Only 154 of the Chocolate Diamonds and Strawberry Gold pendants have been created. The necklaces each contain 1.5 carats of diamonds and mark the 20th anniversary of Le Vian's Chocolate Diamonds, as well as 21 years of collaboration with Kay Jewelers. The neckl...Read More
Hollow steel sections prices in Europe moved up again this week, with prices for hot-rolled coil feedstock material continuing to rise and EU import quotas moving closer to expiry, market sources told Fastmarkets on Wednesday January 22.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?620-640 ($688-710) per tonne on Wednesday, up from ?,...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesAntofagasta expects to produce 725,000-755,000 tonnes of copper in 2020, 180,000-200,000oz of gold and 12,500-14,000t of molybdenum. This compares against 2019 guidance of 750,000-790,000t copper.Read More
Domestic prices for hot-rolled coil increased over the past week in Southern Europe due to a lack of competitive import offers and a slight recovery in demand, sources told Fastmarkets on Wednesday January 22.Fastmarkets' weekly price assessment for steel hot-rolled coil, domestic, ex-works Southern Europe, was ?,?445-460 ($494-510) per tonne on January 22, up by ?,?10 per tonne week on week from...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesRTEC had gained approval from the province's environment ministry to build a 99km winter access trail and install a temporary 65-80 person work camp to support exploration in 2020 and 2021, ForumRead More
Turkish steel producers continued to stay away from the deep-sea scrap market, while simultaneously trying to secure short-sea material for their urgent needs, sources said on Wednesday January 22.Mills have been quiet in the deep-sea markets since the middle of last week when the prices fell sharply.Prices in the deep-sea scrap markets fell by around $15 per tonne late last week, after a ste...Read More
The seaborne coking coal market moved up marginally, with premium low-vol coking coal fetching prices around $153-154 per tonne fob Australia, sources said on Wednesday January 22.Fastmarkets indicesPremium hard coking coal, fob DBCT: $152.29 per tonne, up $0.06 per tonnePremium hard coking coal, cfr Jingtang: $162.73 per tonne, up $2.60 per tonneHard coking coal, fob DBCT: $127.01...Read More
Seaborne iron ore prices were rangebound on Wednesday January 22 amid limited overall activity in the market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $96.68 per tonne, down $0.12 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $95.72 per tonne, down $0.12 per tonne.62% Fe low-alumina fines, cfr Qingdao: $97.86 per tonne, up $0.03 per tonne.58% Fe fines high-premium, cfr...Read More
Broader markets rebounded in Asia on Wednesday January 22, after Tuesday’s coronavirus scare, but the metals look fairly limp ahead of the Lunar New Year holiday - especially copper that also saw London Metal Exchange stocks rise by 33% yesterday.Asian equities are firmer led by a 1.2% rise in the Hang Seng. European equities open firmer too - suggesting virus scare may not be a headwind...Read More
Global steel trader Stemcor has been sold to China's Cedar Holdings for $150 million, a source with knowledge of the matter told Fastmarkets on Wednesday January 22."Once the transaction is completed, Stemcor's banking and finance facilities will increase considerably and its business will grow further," the source said.Cedar Holdings is a privately-owned commodities business headquartered in Guan...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade.The Canadian Dollar was virtually unchanged at U.S.76.68 cents following release of Canada's December Consumer Price Index at 8:30 AM EST. Consensus was unchanged versus a decline of 0.1% in November. Actual was unchanged.IBM added $6.70 to $145.01 after reporting higher than consensus fo...Read More
Any upward momentum in the London Metal Exchange three-month copper price was capped in the morning session on Wednesday January 22 by a significant 34,250 tonne fresh inflow of the red metal into LME-approved sheds as of 9am on the same day.The three-month copper price was trading around $1,633.50 per tonne this morning, down 0.4% from the previous day's afternoon kerb close, after a second sizea...Read More
Broader markets rebounded in Asia on Wednesday January 22, after Tuesday's coronavirus scare, but the metals look fairly limp ahead of the Lunar New Year holiday - especially copper that also saw London Metal Exchange stocks rise by 33% yesterday.Asian equities are firmer led by a 1.2% rise in the Hang Seng.European equities open firmer too - suggesting virus scare may not be a headwind for now.Ba...Read More
Base metals prices on the Shanghai Futures Exchange were up across the board at the close of morning trading on Wednesday January 22, with the complex clawing back some of the losses registered earlier this week."The ongoing coronavirus in China along with expectations of slower economic growth in the country has stirred up some risk-off sentiment, so the base metals have been on a largely downwar...Read More
An overview of the minor metals markets and their latest price moves.Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday January 22.Key driversPrices in the ferro-titanium and titanium scrap markets were steady in the third week of January, a level the markets have maintained since December 18. The number of deals done over the week were down from the week prior, although suppliers are keen to hold their offer prices against an expected increase in de...Read More
High-carbon ferro-chrome spot import prices in Japan and South Korea largely shrugged off higher offers resulting from fresh strength in the domestic Indian ferro-chrome market. Fastmarkets' fortnightly price assessment for ferro-chrome, high carbon, 57-65% Cr, cif dup Japan stood at $0.67-0.70 per lb on January 16, unchanged since December 19 when the price fell to a 44-month low. Fastmarket...Read More