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De Beers Hikes Prices Again at Sight 7

July 13, 2021 / www.idexonline.com

(IDEX Online) - De Beers hiked its rough prices yet again as Sight 6 opened yesterday in Gabarone.Better quality stones are reportedly up by five per cent as the midstream clamors to re-stock, consumer demand rallies in the USA and China - and production at the mines fails to keep up.De Beers has raised prices at almost every Sight this year, after Covid devastated its 2020 sales. Increases at the...Read More

Petra Sells Blue Diamond to De Beers for $40M

July 13, 2021 / www.diamonds.net

RAPAPORT... De Beers has made its second big-money rough purchase from Petra Diamonds in less than a year, snapping up a 39.34-carat, blue stone for more than $40 million.The famed mining company partnered with manufacturer Diacore to buy the type IIb diamond, which Petra unearthed at its Cullinan mine in South Africa in April. The final price was $40.2 million, or just over $1 million per ca...Read More

Will the natural resources sector recover from Covid-19?

May 07, 2020 / www.woodmac.com

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

Chinese smelters critical to zinc market balance in 2020

January 30, 2020 / www.woodmac.com

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

Petra's 39-ct Blue Diamonds Fetches $40m

July 13, 2021 / www.idexonline.com

(IDEX Online) - An exceptional 39.34-carat blue rough diamond has been sold for over $40m.The Type IIb diamond (pictured), was recovered by Petra at its Cullinan mine, South Africa, in April, and was sold yesterday for an up-front cash payment to a partnership between De Beers and Diacore.The price paid was $1,021,357 per carat, slightly less than the $1,156,000 per rough carat paid for another di...Read More

Metals and mining: an industry at a crossroads

October 14, 2020 / www.woodmac.com

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

Zinc poised for 2017 price rally

October 07, 2016 / www.woodmac.com

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.Why is zinc expected to see significantly higher zinc prices later this decade?A spate of scheduled mine closures, an underdeveloped project pipeline and steady demand growth is expected to provide the basis for significantly higher z...Read More

A global economic slump: what will it mean for metals and mining?

June 11, 2020 / www.woodmac.com

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

GULF FLAT STEEL IMPORTS: Price moves vary on low activity before holiday

July 14, 2021 / www.metalbulletin.com

Flat steel import prices into the United Arab Emirates and Saudi Arabia moved both up and down during the week ended Tuesday July 13 because of global price fluctuations, with market activity soft during the week before the Eid al-Adha religious holiday, sources told Fastmarkets.The Islamic Eid al-Adha holiday was expected to start next week.HRC prices from China have been decreasing recently as w...Read More

EUROPE HRC: Prices stable as seasonal slowdown starts

July 14, 2021 / www.metalbulletin.com

Domestic prices for hot-rolled coil in both Northern Europe and Italy were fairly stable day on day on Tuesday July 13 due to the start of the seasonal summer slowdown, sources told Fastmarkets.Buyers have been reported to be largely inactive in the market. They have also been holding back from acquiring substantial volumes over the past few weeks, mainly due to still-high prices, long lead times,...Read More

The state is not a major copper producer but high prices and discoveries could change that

July 13, 2021 / www.mining-journal.com

According to Geoscience Australia, as of the start of 2020, South Australia hosted 67% of Australia's economic demonstrated copper resources, followed by New South Wales (14%), Queensland (11%) and WARead More

LIVE FUTURES REPORT 13/07: Aluminium up 1.8%, nickel and tin shrug off higher dollar index

July 14, 2021 / www.metalbulletin.com

Futures prices for nickel, aluminium and tin were higher at the 5pm close on July 13 on the London Metal Exchange, despite a spike in the United States Dollar Index after the release of US consumer price index readings. Aluminium's three-month price was the best performer on the LME on Tuesday, with a 1.8% gain on Monday's price to $2,535.50 per tonne. Over 15,000 lots of aluminium were traded by...Read More

Atalaya ahead of guidance after strong June quarter

July 13, 2021 / www.mining-journal.com

Copper production from the company's Riotinto mine in Spain amounted to 14,353 tonnes, up 2.7% on the previous quarter and 5.3 % higher than Q2 2020.Read More

Off-warrant LME copper, aluminium stocks fall more than 10% in May; tin, lead soar

July 14, 2021 / www.metalbulletin.com

Metal held outside of London Metal Exchange warehouses fell for the third month in a row to just above 1 million tonnes in May, according to data released by the LME, with the amount aluminium and copper falling by more than 10%.Across all metals, stocks fell by 140,246 tonnes through May to 1,037,379 tonnes, the latest LME off-warrant stock report shows, down from 1,177,625 tonnes in April.The bi...Read More

Is gold set for another flop?

July 09, 2021 / www.mining-journal.com

Since Angus Geddes of the Sydney-based Fat Prophets made his "gold to hit US$1,000" prediction about 16 years ago, one struggles to remember any analyst that has got it right with the yellow metal.Read More

Copper smelter Yantai Guorun repairs furnace after accident

July 14, 2021 / www.metalbulletin.com

Shandong, China-based copper smelter Yantai Guorun has started repairs and maintenance work on one of its furnaces after an accident over the weekend, several market sources told Fastmarkets. The unplanned repairs and maintenance work will last for around one month, but the company's copper production has not been affected so far, with the company holding anode stocks for cathode conversion, sourc...Read More

Rusal to supply low-carbon aluminium to Aluminium Rheinfelden

July 14, 2021 / www.metalbulletin.com

Leading aluminium producer Rusal will begin to supply its low-carbon aluminium ALLOW product to Aluminium Rheinfelden from August 2021, it announced on Tuesday July 13.Aluminium Rheinfelden is one of Germany's leading manufacturers of aluminium alloys, semi-finished products and carbon-based components. It was acquired by Rusal in April 2021.Rusal's bespoke brand of low-carbon aluminium, ALLOW, ha...Read More

Hecla lead production gains on Lucky Friday ramp up

July 14, 2021 / www.metalbulletin.com

US silver miner Hecla reported an increase in lead production during the second quarter as its Lucky Friday mine continues its first full year of commercial production in many years.The company's lead production of 11,541 tonnes in the second quarter was a 29% gain on the same period in 2020. The Lucky Friday mine resumed full production late...Read More

Aluminium smelters in China's Inner Mongolia undergo power load shifting

July 14, 2021 / www.metalbulletin.com

Several aluminium smelters in the western part of China's Inner Mongolia autonomous region have been subject to electricity load shifting since the end of last week due to tight power supply in the region, several sources told Fastmarkets on Tuesday July 13.Power companies have been limiting electricity supply to these smelters every day between 7pm and 10pm, they said. The power companies have no...Read More

US hot-rolled coil index consolidates around $90/cwt

July 14, 2021 / www.metalbulletin.com

Hot-rolled coil prices in the United States hovered within $1 of $90 per hundredweight ($1,800 per short ton) for a sixth consecutive business day after market participants reported relative stabilization around that level while spot tons continued to be in short supply. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $89.94 per cwt ($1,798.80 per ton) on Tuesday July...Read More

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