A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 17.Please click...Read More
Seaborne iron ore prices weakened on Wednesday June 17 amid concerns over the demand outlook for steel products.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $104.09 per tonne, down $0.76 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $106.43 per tonne, down $1.37 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $92.78 per tonne, down $1.23 per tonne. 65% Fe Brazil-o...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: Demand outlook revisedWe are not surprised to see aluminium prices retreat from last week's high after flagging up in recent reports that they had become overbought. 'Sell-the-rally' traders will be targeting the April high now, down at $1,534 per tonne. This week we have reviewed our aluminium demand forecasts fo...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US prices continue to hold Seamless oil country tubular goods (OCTG) and line pipe prices remained unchanged for the third straight month in June, and we expect them to remain stable through the summer before edging higher on the back of a measured rise in drilling rates.The lack of price movement in recent months does not i...Read More
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RAPAPORT... Dominion Diamond Mines has sued joint-venture partner Rio Tinto, alleging that the mining giant breached the agreement by failing to control costs at the Diavik deposit in Canada.Rio Tinto operated the mine significantly over budget despite missing production targets, contributing to Dominion's financial difficulties, according to the lawsuit filed Tuesday in the Supreme Court of Briti...Read More
The price for steel H-beams in Europe moved down Wednesday June 17, after feedstock costs in the region were settled lower than expected, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?520-550 ($587-621) per tonne on Wednesday, down from ?,?530-550 per tonne a week earlier."The [beam] price is slightly lower this week due...Read More
RAPAPORT... Christie's will offer a twin-stone diamond ring by designer Reza with a high estimate of CHF 12 million ($12.6 million) at its Geneva Magnificent Jewels auction.The piece features a 5.34-carat, fancy-vivid-blue, internally flawless diamond and a 5.37-carat, D-color, internally flawless stone. It will head up the July 22 sale, Christie's said Tuesday.The Geneva auction was originally du...Read More
RAPAPORT... US retail sales began a strong recovery in May as businesses started to reopen and consumers returned to spending, according to government data.While revenues slipped 6% year on year, they rose 18% compared to April, which had posted a record-setting 15% month-on-month drop, figures from the US Census Bureau showed.The National Retail Federation (NRF) warned May's figures could be impr...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 17.Please click...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.Genscape is now part of Wood Mackenzie. As we combine their commodity intelligence and proprietary short-term data sets with Wood Mackenzie’s world-class long-term analysis, we will be able to offer you unparalleled depth and br...Read More
RAPAPORT... The coronavirus has affected every stage of the diamond supply chain, from mining to retail. However, as infection rates fall in important trading centers, and governments begin to ease restrictions, opportunities arise for companies throughout the industry to start selling again. This is a summary of the current situation in the major diamond hubs.New York: Infection rate: The ci...Read More
RAPAPORT... De Beers has been holding sight viewings in Antwerp this week as part of its move to offer goods in locations other than Botswana due to the coronavirus.The company might also enable customers to view rough in Hong Kong and Dubai at its July sale or in the period between the two sight weeks, a De Beers spokesperson added.The current sight, which started on Monday and runs until Fr...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.Rising stocks of concentrate, high treatment charges and difficulties in selling less desirable qualities of concentrate was expected to result in mine production losses over the next few years. But coronavirus has changed this dynami...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 analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.Wood Mackenzie senior...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.What does tight oil have in common with Facebook, Apple, Amazon, Netflix and Alphabet's Google stocks (known as FAANG stocks)? Answer: tight oil is arguably the upstream equivalent of these tech sector leaders. It's the hot investment...Read More
(IDEX Online) - The Jewelers Vigilance Committee has released a free guide to help those in the US trade navigate their way through complex new rules on the manufacture, sale and advertising of jewelry.Understanding the FTC Guidelines is is an expert-level, all-in-one resource that explains July 2018 revisions tof the Federal Trade Commission jewelry guides and other important laws and regulations...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.Different markets, different cycles. Mining companies suffered for their sins in the downturn a little earlier than the oil and gas sector. Now they are emerging into a new upturn, also ahead of the game. What challenges do...Read More
(IDEX Online) - Troubled Dominion Diamond Mines is suing DDMI, the majority joint venture partner at Canada's Diavik mine, alleging breach of contract.In a notice of a civil claim lodged at the Supreme Court of British Columbia yesterday, it claims DDMI, a subsidiary of the global mining giant, had failed to act in the best interests of the partnership.Dominion, the world's third largest...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.What have I got to do to make you love me? What have I got to do to make you care?You can imagine the Majors' CEOs musing over Elton John's lyrics, wondering what it takes to win over investors after the stock market's dismissive rece...Read More