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
(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
Amazon is selling copies of Meghan Markle's diamond engagement ring at the rock-bottom price of just $25.The real thing features a cushion-cut diamond sourced by Prince Harry from Botswana, with two smaller stones that belonged to his late mother, Princess Diana, set in yellow gold band by royal jewelers Cleave and Company.The copy is made of gold-plated silver, with a 3.5-carat full cushion...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.Disruptions to the metals markets, as well as the sentiment change due to the coronavirus (COVID-19), have dominated metals markets and price movements so far in 2020. The metals markets are moving faster than ever driven by announcem...Read More
Global tin premiums were broadly static in the fortnight to Tuesday June 16, with a narrowing import arbitrage window for shipment into China doing little to sway weak demand conditions, and forward spreads continue to deter business elsewhere. Shanghai buying appetite reduces amid narrowed arbitrage. US premiums remain flat but weakening demand, widening backwardation expected to hit premiu...Read More
European Aluminium has called on the European Commission (EC) to address the distorting effects of foreign subsidies in the European Union (EU) single market and said the region's aluminium industry is buckling under the pressure of subsidized excess capacity from China.The EC can help create a level playing field for the industry in Europe and must rapidly translate the ambitions of its recently...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
Global nickel premiums were flat in the week to Tuesday June 17, with lackluster demand for physical nickel affecting all regional markets and tempering premiums as a result. Widening arbitrage loss suppresses China buying interest European sentiment mixed in subdued trading conditions US trade rangebound in oversupplied market European sentiment mixed in uncertain marketLackluster physical demand...Read More
The 99.99% cif Taiwan lead ingot premium dropped in the week to Tuesday June 16 after more material came on to the spot market, while premiums for zinc globally were stable to weaker in quiet trading conditions. Supply from India hits Taiwan primary lead premium. Zinc premiums dip in Shanghai after import arbitrage closes. Consumers are starting to resume contractual deliveries, with lit...Read More
European buyers of hot-rolled coil are anticipating price increases from domestic steelmakers after definitive safeguard measures come into force, sources told Fastmarkets on Wednesday June 17.Activity in the European HRC market has remained slow this week due to ample stocks among distributors and persistently weak demand from end consumers.Fastmarkets' daily steel HRC index, domestic, exw Northe...Read More
European domestic prices for cold-rolled coil declined over the past week due to limited trading activity, sources told Fastmarkets on Wednesday June 17.Fastmarkets' weekly price assessment for steel cold-rolled coil, domestic, exw Northern Europe, was ?,?480-490 ($542-554) per tonne on June 17, down by ?,?5 per tonne week on week from ?,?485-495 per tonne ex-works.The assessment was based on achi...Read More
Slovakia's US Steel Kosice has restarted its blast furnace No1 and a hot strip mill idled in late May due to maintenance, the company said in a second-quarter report.In the second half of May the subsidiary of US Steel idled blast furnace No1 (1.2 million tonnes of pig iron per year) to adjust output due to maintenance at its hot-strip mill (4.2 million tpy), which was originally schedul...Read More
Domestic prices for heavy steel place in Europe have been fairly stable over the week, but some mills have started to increase offers due to higher production costs, sources told Fastmarkets on Wednesday June 17.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?410-430 ($463-486) per tonne on June 17, widening up from ?,?410-425 per tonne a week ear...Read More
Wire rod prices in the United States were stable after rising lastmonth, but downward pressure has been mounting with Covid-19 pandemic-related uncertainty continuing to cast a pall over buying activity in the domestic market. Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US held at $30-31 per hundredweight ($600-620 per short ton) on Tuesday June 16,...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesLamont joined CSL from MMG in late 2015. Before that, he was CFO of OZ Minerals, PaperlinX and Incitec Pivot.Between 2001 and 2006, Lamont w...Read More
Markets were mixed this morning, Wednesday June 17, while bullish sentiment continues to be fueled by government liquidity and stimulus but Covid-19 concerns and economic reality remain headwinds.* Asian-Pacific equity markets were mixed this morning, but pre-market major western equity index futures were weaker. * Passenger car registrations in the European Union fall by 52.3% year on year in May...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesIt said yesterday the Minnesota Supreme Court had granted review of a Court of Appeals' March 23 ruling regarding an air permit, which had been sent back to state regulators for further evaluation.Read More
Prices for steel mesh-quality wire rod were broadly stable in the south with Italian producers considering increases, while in the north of Europe prices declined slightly on thin trading, sources told Fastmarkets on Wednesday June 17Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe was ?,?420-440 ($475-497) per tonne on Wednesday June 17,...Read More