(IDEX Online) - After taking in a billion dollars in just over a minute, this year's Singles Day has broken all records. The final total for the 24-hour shopping frenzy was $38.4 billion. This was an increase of 26 percent compared to 2018. "Today we showed the world what the future of consumption looks like for brands and consumers," said Fan Jiang, president of Taobao and Tmall. "...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
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 80,000 tonnes of 65% Fe Iron Ore Carajas, traded at $92.30 per tonne cfr China, bill of lading November 7.Vale, Global Ore, 170,000 tonnes...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) - The World Gold Council (WGC) today launched its new consumer research report. The report, which surveyed 18,000 respondents in China, India, North America, Germany and Russia highlights insights into attitudes towards and perceptions of gold, how and why people buy gold and also their reasons for not buying.The survey found that 56 percent of consumers have bought find gold jewelry...Read More
KIMBERLEY, South Africa (Reuters) – The first South African project to bring illegal miners into the formal fold has been plagued by violence in diamond capital Kimberley, dealing a major blow to national efforts to stem a booming illicit trade.The project was launched 18 months ago in Kimberley, the site of a nineteenth-century diamond rush that lured fortune-seekers from the world over. Mi...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.Perhaps a false sense of security had crept in. Plentiful oil supply, carefully stewarded in 2019 by OPEC+ to get the market closer to balance, and moderate prices. Rising geopolitical tension,even around Iran, seemed a nebulous...Read More
Seaborne coking coal prices remain steady, with Chinese participants expected to move to the sidelines of the market, sources told Fastmarkets on Tuesday November 12.Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.16 per tonne, down $0.61 per tonnePremium hard coking coal, cfr Jingtang: $145.35 per tonne, up $0.33 per tonneHard coking coal, fob DBCT: $121.70 per tonne, unchangedHard co...Read More
(IDEX Online) - Following recommendations from the IDF Home Front Command, the Israel Diamond Exchange (IDE) in Ramat Gan has advised people not to come to the exchange. The IDE said in a post on its Facebook page that because of threats due to the current security situation, the buildings would only be open in a limited capacity.The Home Front Command has ordered all schools and non-essentia...Read More
Brazil's Vale expects to produce 70-75 million tonnes of iron ore fines and pellets in the first three months of 2020, compared with 72.9 million tonnes in the same quarter of this year.The outlook is based on seasonality, the gradual and safe return of operations and in line with the miner's margin-over-volume strategy, the miner said on Monday November 11.Vale expects to sell 83-88 million tonne...Read More
Seaborne iron ore prices fell below $79 per tonne cfr China on Monday November 11 amid worsening market sentiment.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $78.98 per tonne, down $1.13 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $79.01 per tonne, down $1.13 per tonne.62% Fe low-alumina fines, cfr Qingdao: $78.30 per tonne, down $1.20 per tonne.58% Fe fines high-premium, cfr Qin...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.The time is right for the mining industry to invest in new projects. The fundamentals are clear: we forecast supply gaps across a number of key commodities by 2028.Investors are understandably concerned that the mining industry will r...Read More
(IDEX Online) - After De Beers began selling lab-grown diamonds under its Lightbox brand, it is hardly surprising that other big names are testing out the lab-grown market. The latest entrant into the sector is Dilip Mehta, chairman emeritus of Rosy Blue Alliance, who is partnering with his sons to launch a lab-grown business in Surat. Speaking to the Times of India, Mehta took pains to...Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsWhen Mining Journal spoke to Toronto-listed Rupert Resources' chief executive James Withall in September about the company's Read More
The price for silicon metal in the United States has held steady for the first time since March 2018, suggesting the market may have finally found a bottom after several false calls from market observers this year.Fastmarkets' price assessment for silicon, ddp US was $0.96-1.02 per lb on Monday November 11, unchanged from the previous assessment on October 10. While the silicon price remains...Read More
Cobalt hydroxide buyers' preference for spot and short-term procurement will persist, adding spot liquidity to the cobalt raw materials market next year, Fastmarkets understands. Chinese cobalt consumers demonstrated continued appetite to commit to long-term contracts during Antaike's annual International Nickel & Cobalt Conference in Yichang on November 5-6, which is an event where suppliers and...Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsThe company had been forecasting first saleable concentrate production this month, but the target for the milestone has been pushed back to December.Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsHowever, owning a plant and having its refurbishment 80% complete already, ahead of the imminent completion of studies on not one but two nearby projects with near-term production potential, puts the possibility of cash flow in the frame for 2020.Artemis gained the fully-permitted Radio Hill plant through the 2017 acquisition of...Read More
Nordic Mining prepares for lift-offSPONSOREDnordic miningPolymetal building with good momentumSPONSOREDpolymetal internationalIronRidge derisks through diverse discoveries SPONSOREDironridge resources Investing in African Mining Indaba 2020SPONSOREDindabaThe company had forecast iron ore sales of 307-332 million tonnes following the fatal Brumadinho tailings dam disaster in Minas Gerais state in J...Read More
Key data from the pricing sessions in Asia, Europe and the United States in the week to Friday November 8.China Key drivers Chinese silicon export market continued to gain upward momentum for the third consecutive week in response to supply tightness in the domestic market after southern Chinese refiners halted their operations due to a lack of cheap hydroelectric power during dry season whi...Read More