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
Renewed selling interest on Friday May 17 has capped the upside from the slight rebound mid-last week and the metal markets generally look shaky in the early morning of Monday May 20. Our assessment of global risk sentiment remains fairly weak and highly dominated by negative macro events. The simmering US-China trade altercation continues to undermine appetite for risk assets. US President D...Read More
Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Monday May 20, with nickel leading the falls and only copper and lead showing positive performances.Nickel was one of the big underperformers, with the most-traded July contract declining to 97,540 yuan ($14,156) per tonne as at 9.59am Shanghai time, down by 340 yuan per tonne, or 0.3%, from Friday's close of...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsSpeaking at the Latin America Down Under conference in Perth, the Canadian company's director of projects, Zenon Wozniak said the massive project had moved into the operations phase last quarter withRead More
Demand for stainless steel in China's domestic market was steady over the past week, but trade tensions between the country and the United States are starting to show signs of weighing on prices.The Fastmarkets MB domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,100 yuan ($2,036-2,094) per tonne including value-added tax for the week...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesHole FSDH028 hit 547.5m at 0.4% copper, 0.78g/t gold and 8g/t silver from 16m.The final 20m averaged 0.67% copper, 0.74g/t gold and 43.5g/t...Read More
Volker Pawlitzki has left Canadian minor metals and specialty chemicals producer 5N Plus, sources from the company have confirmed to Fastmarkets Pawlitzki joined 5N Plus in September 2017 as vice president for...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday May 17. China The Chinese domestic antimony price tumbled for the second consecutive week after some domestic producers cut their offer prices further in an attempt to generate cash to pay bank loans. Yet some domestic antimony suppliers were resistant in surrendering much on the prices further, and some we...Read More
Key data from the Friday May 17 pricing session in London. Key drivers - Cobalt prices show slight weakness over the course of the week while consumers and traders refrain from buying. Sellers lower their offers while consumers have their immediate requirements covered, so most market participants expect a moderate decline in prices over the summer. -...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday May 17. China The Chinese silicon export price moved down due to a weaker yuan, which offset price support from tight upstream material supply in northern China. According to exchange rate website Oanda.com, $1 was worth 6.91 yuan on Friday May 17 compared with 6.82 yuan a week earlier. Weak demand ab...Read More
Ferro-vanadium prices continued to fall globally last week amid weakening demand, with vanadium pentoxide (V2O5) prices in Europe and China following the move downward. Chinese ferro-vanadium export price drops more than 18% amid weakening domestic market. European ferro-vanadium, V2O5 prices fall again on weak demand; hit lowest level since October 2017. US market edges down under pres...Read More