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) - The Luaxe diamond deposit in Angola could produce 1 million carats of diamonds worth $90 million in 2020. That's according to Russian miner Alrosa, which owns the project with Angola's state-controlled diamond miners Catoca and Endiama. "It will be one of the largest deposits in the world," Vladimir Marchenko, Alrosa's deputy chief executive in charge of its Afr...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.Perhaps a false sense of security had crept in. Plentiful oil supply, carefully stewarded in 2019 by OPEC+ to get the market closer to balance, and moderate prices. Rising geopolitical tension,even around Iran, seemed a nebulous...Read More
MOSCOW – Russia is proposing to move toward ending the ban on selling so-called blood diamonds from the Central African Republic, a former French colony that’s struck recent military and commercial ties with Moscow, amid resistance from the US and Europe.The CAR, which is mired in civil conflict, should be granted a “road map” outlining the steps it needs to take to get the...Read More
RAPAPORT... With the holiday season well under way, the Rapaport Diamond Podcast debates different trends taking shape in the retail space. The discussion spans personalization, omnichannel, effective storytelling, being more open-minded, and the need to move away from our reliance on Christmas.In addition, news editor and host Avi Krawitz, senior reporter Joshua Freedman, editor-in-chief Sonia Es...Read More
South Africa’s mining output declined by 2.9% in October, following a 0.6% year-on-year decrease in September.Nedbank says this was the third consecutive month of yearly contraction for the sector.AdvertisementOn a month-on-month seasonally adjusted basis, output grew by a modest 1% in October.The main drivers of the year-on-year production decline in October were copper, diamonds and mangan...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 time is right for the mining industry to invest in new projects. The fundamentals are clear: we forecast supply gaps across a number of key commodities by 2028.Investors are understandably concerned that the mining industry will r...Read More
Turkish steel producers continued to raise their domestic scrap purchase prices over the past week amid higher imported scrap values, sources said on Monday December 16.The price of scrap imported into Turkey has risen over the past week due to tightening supply and firm demand.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $296.06 per tonne...Read More
The pig iron import market in the United States weakened slightly in the week ended Friday December 13, as sources suggested its strength had been restrained because earlier prices had been overestimated compared with scrap.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was at $328-335 per tonne on Friday, compared with $330-340 per tonne a week earlier.One bookin...Read More
Seaborne iron ore prices were largely muted on Monday December 16, while uncertainty on air-quality related production cuts in Tangshan, China, caused a dip in Chinese futures during the day's trading session. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $94.04 per tonne, down $0.59 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $93.13 per tonne, down $0.59 per tonne. 62% Fe low-al...Read More
No deals were heard in the seaborne coking coal market on Monday December 16, though buying interest from China was reported to be steady.Fastmarkets indicesPremium hard coking coal, fob DBCT: $136.58 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $147.70 per tonne, unchangedHard coking coal, fob DBCT: $122.33 per tonne, unchangedHard coking coal, cfr Jingtang: $130.25 per tonne, unch...Read More
Seaborne iron ore concentrate and pellet prices rose along with the wider market for the steelmaking raw material last week, with premiums largely maintaining their stability.ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $109.57 per tonne last Friday December 13, up $5.58 per tonne from a week earlier.The daily Fastmarkets index for iron ore 65% Fe B...Read More
Galena provides a leading lightSPONSOREDgalena miningThe timing of the start of production is advantageous for Nevada Copper, with the copper sector straining under a lack of quality new projects in the development pipeline, at the potential start of a new copper price cycle.The company expects to ship first concentrates soon under its offtake agreements with Aurubis and Concord Resources. Pumpkin...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipExore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesThe 2019 report details 63 projects compared with 54 in the 2018 edition, of which 53.3% are exploring for copper. Arequipa is the leading province with e...Read More
Broader markets are generally upbeat this morning, Monday December 16, helped by last week’s partial United States-China trade deal and some positive economic data out of China.But the base metals are mixed and gold prices are up, which suggests there is still some concern about the terms of the trade deal.Chinese industrial production rose 6.2% in November, up from 4.7% previously while reta...Read More
U.S. equity index futures were higher this morning. S&P500 futures were up 14 points in pre-opening trade.Cineplex (CPX $24.01) is expected to open higher after Cineworld offered to acquire the company for $34 per share cash. Value of the offer is $2.1 billion.International Flavours and Fragrances (IFF $133.98) has agreed to merge with Dupont's nutrition unit in a deal valued at $26.2 billion....Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday December 13. China Key drivers The price of antimony, MMTA standard grade II, ddp China recorded of a drop of 2.6% in the week ended December 13 after an increasing number of suppliers slashed offer prices further to promote sales and generate cash. Widespread pressure to generate cash by the end of the ye...Read More
Key data from the pricing sessions in New York, London and Shanghai for the week ended Friday December 13. United States Key drivers Monthly spot silicon price dropped again, following a brief plateau in November after 19 straight months of decline. Domestic producers' cuts are being felt, but cheaper imports of silicon metal to the US mean oversupply endures. Some sources see ri...Read More
This summer I was in Bretton Woods, New Hampshire, along with a host of monetary elites, to commemorate the 75th anniversary of the Bretton Woods conference that established the post-WWII international monetary system. But I wasn't just there to commemorate the past -I was there to seek insight into the future of the monetary system.One day I was part of a select group in a closed-door "off the...Read More
Herbert Stein, a prominent economist and adviser to presidents Richard Nixon and Gerald Ford, once remarked, "If something cannot go on forever, it will stop."The fact that his remark is obvious makes it no less profound. Simple denial or wishful thinking tends to dominate economic debate.Stein's remark is like a bucket of ice water in the face of those denying the reality of nonsustainability. St...Read More