Nickel premiums in the United States were little changed to slightly weaker in the week ended Tuesday January 21, while the uncut cathode premium in Europe rose amid increased activity over the period.US cut cathode premium creeps lower.European uncut cathode premium benefits from increased activity.Chinese premiums unchanged in quiet conditions.US cut cathode premium edges lowerSpot nickel premiu...Read More
RAPAPORT... Millennial consumers are independent, vocal, tech-savvy and used to getting what they want. They have disposable income and aren't afraid to spend it on things they believe add value to their lives, no matter the price tag. But successfully enticing this market into your store is not as easy as it was with their moms and dads, and retaining them can be even more difficult. That's...Read More
RAPAPORT... BlueRock Diamonds reported the first annual profit in its history, as sales grew amid increased production and a higher average price, the miner said Tuesday.The improvement was the result of a new initiative the miner implemented at its Kareevlei deposit in South Africa to stabilize production and offset the impact of the rainy season, during which operations are difficult.Revenu...Read More
Galvalume prices in the United States strengthened further in January, with the market betting that better weather conditions in the first quarter could keep demand strong.Fastmarkets' monthly price assessment for steel coil Galvalume, fob mill US rose to $38 per hundredweight ($760 per short ton) on Tuesday January 21, up 4.1% from $36.50 per cwt in mid-December and up 10.1% from $34.50 per cwt i...Read More
Hot-rolled coil prices in the United States have continued to hover around the $30-per-hundredweight ($600-per-short-ton) mark this week, while sources have said the market direction remains unclear.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.03 per cwt ($600.60 per ton) on Wednesday January 22, up by 1.1% from $29.69 per cwt on January 21 but down by 2.8...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.Oil demand growth has been weak in 2019, with the OPEC+ group surprisingly extending their cuts by a further 500 kbd through to end of Q1 in 2020. In spite of that, fears of sustained weak demand growth have restricted Brent to mid US...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.India's renewables target of 175 GW capacity (100 GW of solar and 75 GW of wind) by 2022 is an ambitious endeavour. Even with significant cost declines, Wood Mackenzie expects about 76% of the target to be met by 2022 and this would 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.Join us for an exclusive Forum, co-chaired by SVP and Global Head of Metals and Mining, Linda Cardillo Doku and SVP and Vice Chairman of Metals and Mining, Julian Kettle – this event brings together Wood Mackenzie’s top su...Read More
(Press Release) - DelGatto Diamond Finance ("DelGatto" or "Company"), an institutional diamond finance company, today announced it has partnered with Koin International ("Koin"), a leading specialized polished and rough diamond company, to provide immediate financing for clients at Koin's international tenders.DelGatto Diamond Finance is a leading collateral-based alternative finance provider...Read More
RAPAPORT... Bonhams has hired Eleonora D'Ottavi in its latest effort to build up its global jewelry business.D'Ottavi will join the auction house as head of jewelry for Italy, responsible for providing valuation services and sourcing gems that Bonhams will sell at its New York, London and Hong Kong auctions."Eleonora brings the ideal combination of international experience and proven com...Read More
(IDEX Online) - The government of Russia's Yakutia region, a major shareholder in Alrosa, has proposed that the Russian precious metals and gems repository Gokhran buy $0.5-$1 billion of the firm's rough diamonds this year, reports Reuters. The proposal was apparently made to President Vladimir Putin and Russia's finance ministry, according to Aysen Nikolaev, the head of Yakuti...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.So this is Christmas, as John Lennon sang: another year over, and a new one just begun. It is the time of year for taking stock and looking to the future, and in that spirit, I have collected a selection of predictions for 2020 from 1...Read More
(IDEX Online) - IIJS Signature is adding a Design Pavillion to its showfloor this year. The new pavilion will feature the work of nine female entrepreneurs and nine budding jewelry designers. The participants will be chosen by independent industry experts appointed by the Gem and Jewellery Export Promotion Council (GJEPC) in assistance with the Women's Jewelry Association - India. Prefer...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.Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held Covey Park.Robert Clarke, director, US Lower 48, at global natural resources consultancy Wood Mackenz...Read More
(IDEX Online) - Swarovski has added 16 new colors to its lab-grown diamond collection. The crystal behemoth launched its first Swarovski Created Diamonds in 2018 with the new colors premiering during this week's Haute Couture Fashion Week in Paris "Swarovski is probably most known for our precision-cut crystals, but as a company we are increasingly focused on exploring new materials and...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.This year may prove to be a strong one for the refining sector, but 2020 has had a difficult start. Wood Mackenzie expects some turbulence this year as a number of factors come together – geopolitical risk, the impact of IMO 202...Read More
(IDEX Online) - Kay Jewelers and Le Vian have partnered this football season to design a limited edition football necklace. Only 154 of the Chocolate Diamonds and Strawberry Gold pendants have been created. The necklaces each contain 1.5 carats of diamonds and mark the 20th anniversary of Le Vian's Chocolate Diamonds, as well as 21 years of collaboration with Kay Jewelers. The neckl...Read More
Hollow steel sections prices in Europe moved up again this week, with prices for hot-rolled coil feedstock material continuing to rise and EU import quotas moving closer to expiry, market sources told Fastmarkets on Wednesday January 22.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?620-640 ($688-710) per tonne on Wednesday, up from ?,...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesAntofagasta expects to produce 725,000-755,000 tonnes of copper in 2020, 180,000-200,000oz of gold and 12,500-14,000t of molybdenum. This compares against 2019 guidance of 750,000-790,000t copper.Read More
Domestic prices for hot-rolled coil increased over the past week in Southern Europe due to a lack of competitive import offers and a slight recovery in demand, sources told Fastmarkets on Wednesday January 22.Fastmarkets' weekly price assessment for steel hot-rolled coil, domestic, ex-works Southern Europe, was ?,?445-460 ($494-510) per tonne on January 22, up by ?,?10 per tonne week on week from...Read More