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.Proposed changes to Chile’s mining royalty regime will not have a drastic impact on the country’s production landscape in the near-term.However, analysis from global natural resources consultancy Wood Mackenzie, a Verisk c...Read More

Strong jewelry sales growth spurring diamond trading. Rising expectations for Thanksgiving weekend despite earlier start to holiday shopping. Savvy jewelers focused on enhancing consumer experience rather than price. US orders driving market for 1 to 2 ct. polished, but 0.30 to 0.50 ct. softening as inventory rises. High rough costs making manufacturers cautious about reducing polished prices. De...Read More

RAPAPORT... Imagine the scene: A family is sitting together in a cozy living room, drinking mugs of cocoa, excitement on their faces as they reach for the beautifully wrapped gifts under the Christmas tree. It's the picture you see in every magazine, store window and television show in the US this time of year. But now, reimagine the tableau minus the presents under the tree. It just doesn't...Read More

The Spain-focused copper miner, which operates the Riotinto mine in Andalusia, said cash costs were now expected to be between US$2.15-2.25/lb, down from $2.25-2.35/lb previously, with all in sustaining costs would likely come in at the low end of its guided range of $2.50-2.65/lb.The downgrade came despite an increase in cash costs during the quarter, up from $1.94/lb in the same quarter last yea...Read More

(IDEX Online) - The bodies of a mother and her two young children in Zimbabwe have been found in an open pit reportedly left unsecured by the Chinese diamond miner Anjin.Local media say the deaths are being treated as murder and suicide, and are related to a domestic dispute.But the incident has provoked anger against Anjin for failing to seal the pits and prevent them filling with water.Villagers...Read More

RAPAPORT... The Gemological Institute of America (GIA) has appointed Dave Bindra and Marcus ter Haar to its board as governors.Bindra, the vice president of operations and head of acquisitions at B&B Fine Gems, is a colored-gemstone specialist with experience in sourcing and cutting, the GIA said Wednesday. He serves on the boards of the Jewelers Vigilance Committee (JVC), American Gem Society...Read More

The removal of a safeguard duty on imports of steel billet into Egypt earlier this week has resulted in a revival of trading activity in the local market, with various sellers rushing to grasp the opportunity because of unfavorable situations in other areas.The Egyptian Ministry of Industry & Trade suspended the country's 10% safeguard duty on imported billet with effect from Monday November 15.Fo...Read More

(IDEX Online) - A gang of nine masked thieves used hammers to smash glass display cases in a brazen attack on a jewelry store.Police have released CCTV footage of the attack on Iceberg Diamonds, at the Sun Valley Mall, in Concord, California, USA.One of the thieves, brandishing a hammer, prevented staff from intervening. The raiders fled before police arrived on Tuesday evening.Shoppers at the mal...Read More

(IDEX Online) - Investors were duped into handing over more than $1m to a man who claimed to own a diamond mine, say police in Australia.He allegedly claimed to be the owner of a non-existent mine in Sierra Leone and offered his victims the opportunity to invest.  Once they paid an initial sum, he allegedly asked for equipment and various gifts for his employees - which he then sold.One...Read More

RAPAPORT... Evan Yurman will take over as president of US luxury jeweler David Yurman, the company announced this week.The current chief creative officer will assume the new role immediately, succeeding Carol Pennelli, who has stepped down as president and chief commercial officer. Evan Yurman, the son of the brand's cofounders, has previously led the company's men's, wedding, and high-...Read More

The aluminium industry needs to support the introduction of a Carbon Border Adjustment Mechanism (CBAM) to help finance the sector's push to decarbonization, the chief executive officer of United States-based Century Aluminum said.Jesse Gary told the virtual Goldman Sachs global metals and mining conference that a CBAM would need to be extended to cover scope 2 emissions to create the pricing resp...Read More

Tharisa increased its open pit tonnage by 30% to 94.2 million tonnes. The contained volume of PGMs increased by 18%, to 4 million ounces, while chrome increased by 17%, to 21.3 million tonnes.Read More

Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsFor all practical purposes, ESG reporting has become mandatory.Read More

The infrastructure to recycle electric vehicle (EV) batteries is currently not optimized either to handle end-of-life battery capacity or to meet critical materials demands placed on the market with the ramping-up of electrification, according to US-based consultancy Lux Research.In a report issued on Thursday November 18, the consultancy said that, despite a flurry of activity in the past few yea...Read More

The logistics of a cluster of copper mines in western Canada have been disrupted by extreme weather conditions in the province of British Columbia (BC) this week, Fastmarkets has learnt."All transportation routes, rails and highways, to the interior of the province are closed due to washouts and [land]slides," one Canadian miner source said on Thursday November 18.The province declared a state of...Read More

Fastmarkets has summarized mining-related policy proposals for the key candidates ahead of Chile's presidential election as presented on their political programs, with the population of the world's biggest copper producing country set to cast their vote on Sunday November 21.What is at stake? Chile produced a third of the world's copper in 2020, in the form of concentrates, anodes and cathode...Read More

The Malaysian Smelting Corporation is "looking into the possibility" of ending a six-month force majeure period at the end of November, a company document seen by Fastmarkets said. The tin producer declared force majeure on June 7 due to rising Covid-19 cases in the country and the aftermath of furnace rebricking efforts at its main Butterworth smelter. "In tandem with the opening o...Read More

Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsBut even though vaccination rollouts are continuing apace, and the global economy is rebounding, miners are st...Read More

Domestic steel reinforcing bar prices in the United States increased slightly to a 13-year high, with many market participants expecting it to go up again before long.Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US was $50.50 per hundredweight ($1,010 per short ton) on Wednesday November 18, up by 0.50% from the week before and at its highest point since the assessment...Read More

Hot-rolled coil prices in the United States continued their recent downturn on Thursday November 18, hovering just above $90 per hundredweight ($1,800 per short ton), while market sentiment was mixed.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $90.06 per cwt ($1,801.20 per ton) on November 18, down by 0.67% from $90.67 per cwt on Wednesday November 17 and by 2.64%...Read More