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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 Wood Mackenzie team will be presenting our analysis and perspectives on key commodities which include Copper, Nickel, Coal (met and thermal) and Aluminium. Join us at the Moscow Metals & Mining Briefing to discuss the issues f...Read More
Frank Feng has left his position as head of copper trading at Cliveden's Shanghai office and has been replaced by Sun Bing, Fastmarkets understands.Feng was head of copper trading at Cliveden's Shanghai office for almost three years. He had previously worked with...Read More
Galena Mining is looking to bring 90,000 tonnes of new lead production from its Abra mine in Australia to the market in 2022 and a continuation of current price levels for the metal would suit it 'just fine', its chief executive officer Alex Moleneux said."When we look at our outlook for the lead price we feel like where it is now is pretty reasonable over the long term horizon," Moleneux told Fas...Read More
The three-month copper price on the London Metal Exchange increased during morning trading on Thursday November 7, with its price action nearing the $6,000-per-tonne resistance level against a sizable turnover. The red metal's outright price on the LME was recently at $5,962 per tonne, with some 4,400 lots exchanged as of 9:20am London time. Supporting this, LME copper stocks were subject to...Read More
Sentiment improving afterDe Beers reduced rough prices 5%-7% at Nov. sight. Better demand for RapSpecA3+ polished, driven by US holiday orders. Chinese demand and reduced supplysupporting 0.30 to 0.50 ct. D-G, IF-VS categories. Potential US-China tradedeal boosts expectations for Chinese New Year. 1 ct. RAPI -0.1% in Oct.; 0.30ct. RAPI +1.5%. Surat manufacturers on Diwali vacation and expected to...Read More
The global nickel supply deficit is set to narrow to 20,000 tonnes of nickel units next year, mainly due to a ramp up inIndonesian nickel pig iron (NPI) output, Beijing Antaike Information chief analyst Aidong Xu told delegates at a conference in Yichang, China.The figure is compared with a supply deficit this year that Xu projected at 40,000 tonnes and is despite the Indonesian ore expo...Read More
Mumbai market still not fully operational asdealers return from Diwali vacation. Surat factories closed for another week ortwo.Dealers focused on filling US orders and select demand from China.Shortage of top-quality SIs due to reduced manufacturing. Cutters hoping forbetter profit margins after Diwali break following De Beers rough price cuts. RoundRead More
RAPAPORT... Prices of yellow diamonds decreased in the thirdquarter, driving down the overall fancy- color index even while pinks and bluesremained steady, the Fancy Color Research Foundation (FCRF) said. The index for yellows fell 1.5% quarter on quarter for the threemonths ending September 30, and 4.9% year on year, according to the FCRF, whichreleased its quarterly Fancy Color Diamond Inde...Read More
(IDEX Online) - Hong Kong- based Sightholder KGK formally inaugurated its new cutting plant in Luanda, Angola earlier this week. This is the country's fourth diamond-cutting plant and is a partnership between KGK (65 percent), UST (30 percent) Sodiam EP 5 percent and UST (30 percent), reports the Angolan press agency. The partners have already invested $5 million out of a planned $2...Read More
RAPAPORT... KGK Diamonds has become the fourth company to open acutting factory in Angola as part of a national project to boost localmanufacturing, the government said in a post on its Facebook page Monday. The Hong Kong-based sightholder launched the operationtwo months ago, with a formal ceremony taking place Monday in the presence ofDiamantino Azevedo, the minister of minerals, resources...Read More
RAPAPORT... Tiffany & Co. has asked LVMH Mo?<
Angola Diamond Sales Increase 11.7% in Q3(IDEX Online) - Angolan diamond sales increased 11.7 percent in the third quarter of 2019. Revenues reached $294.85 million compared to 2018, an increase of $30.7 million, reported Macauhub. Sodiam, the Angolan national diamond trading company, said the country sold 2.94 million carats of diamonds during the quarter, an increase of 46 percent or 7...Read More
RAPAPORT... The Rapaport Diamond Podcast interviewed Stephen Lussier, De Beers' vice president, consumer and brands, after the company published its annual Diamond Insight Report.Lussier outlines the key takeaways from the report, titled Diamonds and Love in the Modern World, stressing how the industry can capitalize on the trends in modern relationships. While the bridal segment has struggled to...Read More
(IDEX Online) - Prices of fancy color diamonds remained stable in the third quarter of 2019, according to the Fancy Color Diamond Index (FCDI) published by the Fancy Color Research Foundation. The prices of pinks remained stable this quarter. The slight decrease of 0.1 percent overall was due to a 3-percent decrease in the 5 carat fancy pink category. However, all fancy vivid pinks rose by 0....Read More
(IDEX Online) - The World Jewellery Confederation (CIBJO) has produced a coral report ahead of its annual congress in Bahrain this month. This is the ninth in a series of special publications prepared for the congress. The report was prepared by the Coral Commission, which is headed by Vincenzo Liverino.It covers environmental issues, in particular the efforts by the industry to address the impact...Read More
Brazilian apparent steel consumption is set to grow by 6-8% in 2020 if current gross domestic product (GDP) estimates are met, Gerdau's chief executive officer Gustavo Werneck said on Thursday November 7.The long-steel sector could rise faster because construction, its largest consumer, was hit harder during the country's recent economic crisis and has not yet started a significant recovery, the C...Read More
RAPAPORT... Mountain Province saw a net loss in the third quarter,hampered by bad weather and the negative impact of currency fluctuation. The company reported a loss of CAD 25.8 million ($19.6million) from its Gahcho Ku?(C) mine in Canada for the three months endingSeptember 30, compared with a profit of $17.5 million ($13.3 million) theprevious year, as the Canadian currency weakened agains...Read More
The price for steel rebar in Egypt decreased in the week ended Thursday November 7 even as imports costs for steel billet rose, sources told Fastmarkets.Egyptian rebar producers were offering rebar at E ?9,600-9,900 ($592-610) per tonne ex-works including 14% VAT, down from last week's E ?10,400-10,900 per tonne ex-works including VAT. Sales were made at E ?9,500-9,800 per tonne ex-works including...Read More
RAPAPORT... Gem Diamonds has reduced its sales guidance for the year, asa problem with its high-value satellite pipe has forced it to mine from thelower-value portion of its Let??eng mine in Lesotho. The miner now expects to sell between 111,000 and 113,000carats compared to the 115,000 to 119,000 it had previously stated in March.Although it will increase the amount of ore treated, and has n...Read More