A string of long-term deals for cobalt hydroxide show that bullish forecasts for cobalt consumption from the electric vehicle (EV) sector are coming into play. Glencore will supply battery manufacturer SK Innovation with up to 30,000 tonnes of cobalt contained in hydroxide over six years, it said last week - a deal worth about $1 billion in today's market. And other deals also point...Read More

If you are a producer or consumer, or are active in the physical markets, then you had better be aware of a new set of regulations that will make it all the more important for you to choose the right logistics partner from next year.The International Maritime Organization (IMO) has ruled that from January 1, 2020, the marine sector will have to reduce sulfur emissions by more than 80% by switching...Read More

Most major aluminium producers agree that tackling the carbon intensity of the smelting process is one of the biggest challenges facing their industry. What they cannot agree on is how to deal with the situation, as a lively panel hosted by Fastmarkets during LME Week at the end of October showed. Aluminium smelting is an energy-intensive business and the market is starting to differentiate b...Read More

Here are five Fastmarkets MB stories you might have missed on Friday December 13 that are worth another look.The digitization of the iron ore market took another step forward this week with trader Cargill completing its first e-contract transaction for iron ore with a Chinese steelmaker, Ningbo Iron & Steel.Chinese copper smelter Jiangxi Copper and Zambian blister copper producer Chambishi (CCS) h...Read More

RAPAPORT... US retail sales rose in November as consumers sentiment was strong at the start of the holiday season, the National Retail Federation (NRF)said. Total purchases for November - excluding automobiles, gasoline andrestaurants - rose 0.1% compared to the previous month, according todata the NRF published Friday. Sales climbed 2.1% year on year for the month, particularly impressive gi...Read More

RAPAPORT... After six years of development, production is due to begin at Alrosa's Luaxe diamond deposit in Angola next year, the nation's government said. Output will come to around 1 million carats valued at $90 million in the first year, according to a Reuters report. The initial stages of production will be a "pilot project," Endiama strategic planning andmining operations administrator L...Read More

RAPAPORT... Belgium's diamond trade showed signs of stabilizing in November,with rough exports increasing year on year for the first time since April.While polished exports dropped 22%, the rate of decline slowed versus October, data from the Antwerp World Diamond Centre showed.Belgium Trade Data for November 2019  Read More

(IDEX Online) - The International Gemological Institute (IGI) has teamed up with S P Mandali's Principal L N Welingkar Institute of Management Development and Research (WeSchool) business school to launch a Jewelry Design and Business Management Program in Mumbai. Speaking at the launch of the three-month certification course, IGI managing director Tehmasp Printer said the course is an o...Read More

(IDEX Online) - Retail sales in November increased 0.1 percent seasonally adjusted over October and were up 2.1 percent unadjusted year-over-year. November's results build on October's increase of 0.2 percent month-over-month and a strong 4.1 percent year-over-year. The numbers exclude automobile dealers, gasoline stations and restaurants.As of November, the three-month moving average wa...Read More

RAPAPORT... Diamond manufacturers will consolidate in the coming years to avoid being further squeezed by miners and retailers, Bain & Company predicted in its annual report on the industry.The forecast stems from the midstream becoming anincreasingly weak part of the supply chain while retailers and rough producers haveimproved efficiency. This has resulted in manufacturers becoming "pri...Read More

Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesTulkubash, Kyzyltash to add 400,000ozpa to Chaarat profileSPONSOREDThe bank says in a lengthy commentary on the looming "material" impacts of prominent technologies on mining, and mining costs, historic deflationary...Read More

Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesTulkubash, Kyzyltash to add 400,000ozpa to Chaarat profileSPONSOREDTeck Resources anticipates its US$4.7 billion Quebrada Blanca Phase II (QB2) project in Tarapaca will experience both cost and time overruns due to t...Read More

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