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
The United Arab Emirates' biggest steel producer, Emirates Steel, has been giving discounts on its rebar price of as much as 126 dirhams ($34) per tonne ex-works on June orders, Fastmarkets learnt on Monday May 20.The conpany was accepting orders at 1,881 dirhams ($512) per tonne ex-works, but its list price was 2,007 dirhams per tonne ex-works, unchanged since early February. Fastmarkets'...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.On Friday 15th February 2019, Vale announced there was a fire affecting a conveyor belt system at its distribution centre in Malaysia. Vale anticipate this will result in a 10 to 15 day halt in operations and note that a planned 10 da...Read More
Brazilian miner Vale has taken preventive measures on fears of a possible rupture at its Sul Superior dam, which include the building of a containment structure and emergency training with nearby residents.The company told local authorities last week that displacement of a slope at the Gongo Soco mine pit could lead to a rupture of its Sul Superior dam, in the country's southeastern Minas Gerais s...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 research analysts have over 40 years' experience understanding and forecasting natural resources industry performance across exploration, extraction and production, refining and financial markets.We produce annual, ha...Read More
RAPAPORT... Frederick Goldman has opened a lab-grown manufacturing center inMexico as part of its new jewelry supply business. Jewelry SolutionsGroup manufactures custom diamond jewelry and engagement rings, delivered to customer within a week. The venture is comprised of two units, an existing facility for natural-diamond jewelry, and a separate site for lab-grown pieces, both in Mexic...Read More
RAPAPORT... The Gemological Institute of America (GIA) has discovered asynthetic layer that improved the weight and color of a natural diamond, and haswarned that the phenomenon may be happening more often. The cushion modified brilliant, 0.64-carat stone containedabout 0.10 carats of chemical vapor deposition (CVD) diamond, the GIA estimatedin a lab note last week. The lab-grown layer was greyish...Read More
RAPAPORT... Sarine Technologies posted a loss in the first quarter ascredit problems in the Indian manufacturing sector led to softened demand forits equipment. The diamond-technology company reported a net loss of $1.4million, versus a profit of $3.1 million for the same period last year, thecompany said last week. The company's customers in India, its largest market,struggled to obtain cred...Read More
Seaborne iron ore pellet and concentrate prices picked up moderately in the week to Friday May 17 as the iron ore market generally strengthened.PelletsThe weekly Fastmarkets MB 65% Fe Blast Furnace Pellet Index was at $129.93 per tonne cfr China last Friday May 17, up by $1.35 per tonne from a week earlier.Deals for Indian 64% Fe Rashmi pellet were heard at $121.50-123 per tonne cfr, although...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.Gain powerful insights and make data-driven decisions with our new delivery solutions. Instantly access the most reliable and trusted data whenever and wherever you need it with the delivery option that best meets your needs.The scale...Read More
RAPAPORT... Two jewelry veterans have debuted a group that aims toincrease awareness of, and demand for, lab-grown diamonds in the US. The Lab Grown Diamond Council (LGDC) will introduce newinitiatives for the synthetics market, including research services, socialmedia and education about sustainability. Chris Casey, the former publisher of National Jeweler,will serve as the group's president, an...Read More
Ferrous scrap trader Hoffman Iron & Steel is looking to Southeast Asia as a key area of growth for its business in the coming years, chief executive officer Philip Hoffman said in an interview with Fastmarkets MB.Increasing focus on Southeast Asia"There's a lot going on in Southeast Asia, such as expanding electric-arc furnace (EAF) and Induction Furnace (IF) capacities in Vietnam and other IF cap...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 Indonesia heads for the polls on 17 April, Wood Mackenzie's research director Andrew Harwood provides the following commentary:"We predict that President Jokowi will once again defeat his 2014 opponent, Prabowo Subianto, and secure...Read More
RAPAPORT... Alrosa's profit decreased in the first quarter as its sales mix shifted to lower-value goods. Net profit fell 27% year on year to RUB 24.1 billion ($371.6 million) forthe period, the miner said last week. Revenue plummeted 27% to RUB 70.49 billion ($1.09 billion), while the average price forgem-quality diamonds dropped 20% to $123 per carat. Rough-diamond sales decreased 37% to $...Read More
Russia's major diamond mining firms including Alrosa have urged India to amend consumer laws on synthetic diamonds so that there is clarity on the quantity of synthetic diamonds entering the country and how they are being used, Indiass Economic Times: reported. Industry executives said that around 5 million carats of synthetic diamonds are produced globally, and the volume is increasing, cau...Read More
The Responsible Jewellery Council (RJC) held its first - virtual - annual general meeting (AGM) this week, appointing a series of new board members. The event was broadcasted to all RJC member companies globally from Chatham House in London on Tuesday 14 May 2019. During the meeting, RJC Chair David Bouffard announced a series of appointments to the RJC board of directors and its standards, assura...Read More
The Zimbabwean news website Bulawayo24 reported that National Patriotic Front Spokesperson Jealousy Mawarire had heard that the Chinese authorities has refused to honor a $5 billion loan that was requested by President Emmerson Mnangagwa. He noted that China argued it had only pledged to honor the loan agreements made during the tenure of former President Robert Mugabe, adding that that China is s...Read More
Petra Diamonds, the junior diamond company that operates diamond mines in Tanzania and South Africa was assigned a consensus recommendation of "Buy" from the ten brokerages that are covering the company, MarketBeat Ratings reported. The Tech Know Bits website reported that four investment analysts have rated Petra's stock with a hold rating and that six had assigned a buy rating to the...Read More