(IDEX Online) - De Beers cut diamond prices by about 5 percent across the board at its November Sight, which ends on November 8, Bloomberg reports. According to reports, the price of some of the cheaper diamonds were slashed by double digits. Other Sightholders claimed De Beers also downgraded assortments, although this has yet to be confirmed.While the results of the ninth Sight of the...Read More

(IDEX Online) - Figures released by the Gold Council today (Tuesday) show demand for gold jewelry fell 16 percent year-over-year in the third quarter, to its lowest level since 2010. Demand stood at 460.9 tons as consumers shied away from buying because of higher prices and subdued economic sentiment. However, it was not all bad news for the yellow metal. Demand in the U.S. grew for the eleve...Read More

RAPAPORT... The diamond industry has much riding on this holiday season, having endured tough market conditions in 2019. While the trade reduced inventory levels in the third quarter, a large quantity of less popular items remain available. Meanwhile, US jewelry retailers are growing more conservative about buying inventory, taking more goods on memo and increasingly using technology to boost sale...Read More

The underground expansion at diamond miner Lucara Diamonds' 100%-owned Karowe diamond mine, in Botswana, is expected to not only double its mine life, but also generate significant revenue and cashflow until 2040.A feasibility study into the underground expansion has found that the adapted life-of-mine of an additional 15 years, including stockpiles, will produce 7.8-million carats of diamonds...Read More

De Beers is taking more drastic steps to stem the crisis in the diamond industry by cutting prices across the board for the first time in years.The company, the world’s biggest diamond producer, lowered prices by about 5% at its November sale, according to people familiar with the matter, who asked not to be identified as the information is private.AdvertisementThe move is aimed at helping i...Read More

Seaborne coking coal prices remained steady on Tuesday November 5, with premium mid-vol cargoes fetching around $140-142 per tonne cfr China this week, largely in line with last week's levels.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.29 per tonne, down by $0.87 per tonnePremium hard coking coal, cfr Jingtang: $146.69 per tonne, up by $0.33 per tonneHard coking coal, fob...Read More

Poster South Africa mine regeneration on trackSPONSOREDorion mineralsA consortium led by Japan's Marubeni (50%) and including Transelec (30%) and Techint Chile (20%) won the contract with an EPC contract for Techint Chile, while operations and maintenance will be theRead More

Polymetal building with good momentumSPONSOREDpolymetal internationalWith more than 300 delegates due to attend, there will be progress updates on Continental Gold's Buritica gold project which is due to commence production in February, the feasibility stage Gramalote joint venture project which B2Gold will resume control of in the new year from partner AngloGold Ashanti (AGA), Minesa's Soto Norte...Read More

Seaborne iron ore prices were rangebound on Tuesday November 5, with market participants remaining jittery over high inventories and the upcoming demand lull over the winter season.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $83.30 per tonne, up $0.03 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $83.12 per tonne, up $0.03 per tonne.62% Fe low-alumina fines, cfr Qingdao: $82.70 per...Read More

Poster South Africa mine regeneration on trackSPONSOREDorion mineralsMinsud has been looking to define a large intrusive porphyry system since 2006, and previously defined resources of some 37 million tonnes averaging 0.44% copper, 0.07 grams gold, 2.Read More

The 62% Fe iron ore market moved either side of the $90-per-tonne mark for most of October, with the average price falling by 3.5% month on month, while the average price for 65% Fe iron ore fell by 2.7%.Traded volumes for the Singapore Exchange's 65% Fe derivatives contract - which was launched in December 2018 and which is settled against Fastmarkets' daily index for iron ore, 65% Fe Brazil-orig...Read More

The London Metal Exchange's plans to launch a new trading platform in 2021 could bring a host of new functionality enhancements to its electronic and inter-office market, from variable tick sizes to additional order types and greater self-service user management.Yet with the LME also targeting the eventual decommissioning of its current LMEselect electronic trading system - which was first introdu...Read More

Cautious...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.S...Read More

LME price secured a 2.4% m-o-m...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More

Aluminium The LME three-month aluminium price attracted strong...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus...Read More

Rebound in Q4, in line with...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More

The three-month copper price on the London Metal Exchange was higher across morning trading on Tuesday November 5, with price action boosted by a softer dollar index and positive forward spreads. Copper's outright price was recently seen at $5,918 per tonne, with just under 2,500 lots exchanged as at 8.40am London time. Meanwhile, buying in LME copper remains supported by positive forward spreads,...Read More

5% correction after last Tuesday’s...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue a...Read More

Nickel’s long-term outlook was once again a major...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the...Read More

Chinese rebar prices picked up on Tuesday November 5 despite a dip in trading activity caused by transport curbs put up in conjunction with the China International Import Expo in Shanghai amid gains in the futures market.Eastern China (Shanghai): 3,710-3,740 yuan ($529-533) per tonne, up 40 yuan per tonneNorthern China (Beijing): 3,630-3,660 yuan per tonne, up 10 yuan per tonnesTraffic movements i...Read More