Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.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.Demand for copper — already on a rising trend — is arguably set to explode as the energy transition takes hold. In order to prevent structural deficits, unsustainably high prices and demand destruction, miners will have to...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.Copper will play a pivotal role in the energy transition. Aluminium may be an abundant and cheap competitor for electrification applications, but carbon footprint issues for primary metal may give copper the edge. Ultimately that poin...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.We enter 2021 with many mined commodity prices riding high after recovering from a dramatic pandemic-induced slump in H1 2020. But far from marking a new atmosphere of positivity, the new year brings new questions. How will Chinese po...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 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
Ferrous scrap prices rose in the two Mexican regions assessed by Fastmarkets, with supply becoming scarcer and some buyers no longer able to obtain cheap material.In the central Baj?-o region and that near Monterrey city, there were increased reports of busheling being sold above 10,000 pesos ($486) per tonne, although not all sellers were able to obtain such deals. Higher prices for other gr...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 outbreak of coronavirus, the oil price crash and the impending global recession present an enormous challenge for energy and natural resources. How are you keeping up with the spread of Covid-19 and its impact on your sector?We&rs...Read More
RAPAPORT... Israel's polished-diamond exports increased in the first quarter of 2021, indicating a continued recovery following last year's sharp slowdown.Shipments rose 12% year on year to $827.6 million for the three months, the country's Ministry of Economy and Industry reported Tuesday. Export volume climbed 24% to 385,344 carats, with the average price down 10% at $2,148 per carat.The in...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
RAPAPORT... Signet Jewelers has bought subscription-based jewelry-rental platform Rocksbox, aiming to enhance the retail group's services offering and reach younger customers."Rocksbox has revolutionized the jewelry-rental subscription marketplace by delivering personalized, online and data-driven customer experiences for jewelry lovers who prioritize fashion, online convenience and sustainability...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
RAPAPORT... A coronavirus surge in India and continued restrictions in Hong Kong have forced jewelry-fair organizers to reschedule upcoming events, compounding the woes the exhibition industry has suffered in the past year.India's Gem & Jewellery Export Promotion Council (GJEPC) has postponed the IIJS Signature show, which was due to begin this Wednesday in Mumbai, according to a recent n...Read More
RAPAPORT... Lucapa Diamond Company has recovered a 144-carat rough diamond from its Lulo alluvial mine in Angola, it said Tuesday.The company found the D-color, type IIa diamond at the site's Mining Block 08, a section of the deposit known for its large, high-value rough. The stone is the sixth over 100 carats Lucapa has found at Lulo this year, and the 23rd of that magnitude from the site since m...Read More
RAPAPORT PRESS RELEASE, April 6, 2021, Las Vegas... Diamond market sentiment was positive in March as US demand and the gradual return of Chinese traders supported buying activity. Polished price trends were mixed. There was continued upward movement in 1-carat, D to G, IF to VS2 diamonds; the RapNet Diamond Index (RAPI?,,?) for 1-carat goods increased 1.5% during March. The same quality ranges in...Read More
Domestic prices for steel hot-rolled coil increased further across Europe over the week to Thursday April 1 due to a material shortage and good demand.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?843.33 ($993.44) per tonne on April 1, up by ?,?21.66 per tonne week on week and by ?,?103.33 per tonne month on month.The calculation of Thursday's in...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.Back before coronavirus knocked “normal” out cold, the key issues for miners were sub-investment prices, rising requirements for ESG and decarbonisation. How things change. So while our base case view is that the recession...Read More
(IDEX Online) - The authorities in Brazil have shelved claims by diamond billionaire Beny Steinmetz that global mining giant Vale misled its shareholders.Both parties embarked on a joint venture to extract iron ore for steelmaking from the vast Simandou resource, in southern Guinea.But the government concluded that mining rights had been obtained through bribery, and in 2019 a British court awarde...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 outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key themes – OPEC+ production, Covid-19 developments, and the energy transition.Following...Read More
(IDEX Online) - The IGI labs have become the first in the world to be accredited by the ISO for the reliability of their lab-grown grading.The New York-based International Gemological Institute already had certification for its work with mined diamonds.The ISO - International Organization for Standardization - has now tested its efficiency and accuracy in grading lab growns and awarded it the ISO/...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 New York Harbor Product Storage report is the first of its kind and relies on the same highly calibrated infrared camera, aerial diagnostic and proprietary technologies we use to measure and deliver our industry standard Cush...Read More