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 U.S has increased tariffs on $200bn of Chinese goods to 25%, from 10%, impacting a number of metals. Commentary below comes from the Wood Mackenzie metals team:Copper By Wood Mackenzie Senior Consultant, Yanting Zhou"Previous...Read More

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The economic and geopolitical clouds are getting more widespread and darker with unrest in Hong Kong and debt default concerns in Argentina adding to market concerns that are already stressed by the continuing US-China trade dispute, poor global economic data, stalemate over Iran and the potential for a hard Brexit. Gold has pushed up to another fresh multi-year high on Tuesday August 13, but some...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.On Friday 15th February 2019, Vale announced there was a fire affecting a conveyor belt system at its distribution centre in Malaysia. Vale anticipate this will result in a 10 to 15 day halt in operations and note that a planned 10 da...Read More

With the exception of nickel, base metals prices on the Shanghai Futures Exchange were little changed during morning trading on Tuesday August 13 after market participants' appetite for commodity investment was dampened by continuing geopolitical and trade tensions. "Hong Kong tensions took the limelight from trade tensions overnight, with a risk-off tone to markets as protestors in Hong Kong mana...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

Here are five Fastmarkets MB stories you might have missed on Monday August 12 that are worth another look.The main works at China Hongqiao Group were reported to have suffered from severe flooding caused by Super Typhoon Lekima, Fastmarkets learned, but the company has denied claims that it has been forced to stop production.Nyrstar's Port Pirie lead smelter in South Australia has incurred anothe...Read More

RAPAPORT... Alrosa is preparing to sell a rare, 14.83-carat pink laterthis year, as the Russian miner continues its efforts to build up itscolored-diamond business. The Gemological Institute of America (GIA) graded theoval-shaped diamond as fancy vivid purple pink, with internally flawlessclarity, "excellent" polish, and "very good" symmetry. The GIA said the stonewas the largest of that color cat...Read More

RAPAPORT... Polished-diamond imports to Hong Kong declined 6% in thefirst half, according to data from the Diamond Federation of Hong Kong,China. Lower volumes outweighed growth in the average price, the figuresshowed.Hong Kong Trade Data for 1H 2019 $ Millions unless stated otherwiseRead More

RAPAPORT... India's diamond and jewelry trade is hoping to take market share from Chinese suppliers after the US government announced a hike on import duties from China. There's a changing world order and India is well placed to capitalize on these changes, stressed Pramod Agrawal, chairman of the Gem & Jewellery Export Promotion Council (GJEPC), at the opening of the India International...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

RAPAPORT... Diamond traders have raised concerns ahead of next month's Hong Kong Jewellery & Gem Fair, as mass protests have caused chaos and dented local demand. The show will still take place as planned, organizersInforma Markets confirmed to Rapaport News Friday. However, access to the venues is currently difficult,according to dealers, who are pinning their hopes on unrest in the city rece...Read More

Organized by the Continental Buying Group and Preferred Jewelers International, the new Diplomat show will be held right after Labor Day on September 4, 5, and 6. at the newly renovated Diplomat Hotel and Resort in Hollywood Florida, in a statement, the organizers said that "As we head into the critical fourth quarter, [we will be] offering great opportunities for retailers to fill up their cases...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

RAPAPORT... India's polished-diamond exports slid 18% year on year inJuly, reaching their lowest level since December 2018. The decline reflected aslowdown in the midstream sector as manufacturers struggled to offload excess goods. Rough trading alsodropped significantly, according to data from the Gem & Jewellery ExportPromotion Council. India Trade Data for July 2019Read More

RAPAPORT... Sarine Technologies saw a sharp decline in revenue duringthe second quarter, as an oversupply in the midstream led to lower sales of manufacturing equipment. Sales fell 35% year on year to $11.6 million for the threemonths ending June 30, the Israel-based company said last week. Revenue fromIndia -Sarine's largest market - dropped 32% to $8.2 million. Sales inAfrica plunged 63% to...Read More

The NewZimbabwe.com news website took a bit closer lo at the deal made between Russian diamond exploration and mining giant Alrosa and the state-owned Zimbabwe Consolidated Diamond Company (ZCDC). Alrosa will have 70 percent stake in its joint venture with in Manicaland with a provision set for possible expansion "in the territory of the whole country." Information Minister Monica Mutsvangwa conf...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.Shockwaves from Tsingshan's new stainless steel hub in Indonesia are reverberating across South East Asia and beyond, according to Wood Mackenzie.“Competitively priced exports of Indonesian stainless product have provoked varyin...Read More

Continuous developmentand improvement inairborne geophysics technology provider Spectrem Air’s geophysical surveytechnology makes thecompany’s SPECTREM plus system platform ideal for exploration and mappingof deep geology in difficultconditions in Australia, says Spectrem Air GM Louis Polomé. “An upgrade in theplatform’s power systemand changes in sensor design make...Read More

The export market for Commonwealth of Independent (CIS)-origin hot-rolled coil and cold-rolled coil were slow on pessimistic buyers' mood, sources told Fastmarkets on Monday August 12.Fastmarkets' price assessment for steel HRC, export, fob Black Sea, CIS was $470-485 per tonne on Monday, unchanged week on week."Local markets in the key outlets are weak, in such conditions import price should go d...Read More