The Macauhub news service reported that Angola's national diamond trading company, Sodiam had announced toward the end of August that the company had "suspended receiving proposals to buy rough diamonds because the demand is higher than the supply." Sodiam, which is a state-owned company, said it had halted the submission of bids for its rough. It stated that it had finalized purchasing agre...Read More

China's hot-rolled coil prices gained some strength on Monday September 2 amid rising iron ore futures.DomesticEastern China (Shanghai): 3,640-3,660 yuan ($509-511) per tonne, up 20-30 yuan per tonneNorthern China (Tangshan): 3,630-3,640 yuan per tonne, up 20-30 yuan per tonneA pick-up in trading activity propped up prices in both Shanghai and Tangshan, trading sources said.The increases were larg...Read More

Aim-listed BlueRock Diamonds produced more than 50% of its overall output for the six months ended June 30 in May and June.Production for the two months reached 63 200 t.AdvertisementThe increase in production was achieved without the benefit of the planned plant improvements, the diamond miner said on Monday, adding that this was largely owing to the new management team having introduced str...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.Wood Mackenzie's research analysts have over 40 years' experience understanding and forecasting natural resources industry performance across exploration, extraction and production, refining and financial markets.We produce annual, ha...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.As Indonesia heads for the polls on 17 April, Wood Mackenzie's research director Andrew Harwood provides the following commentary:"We predict that President Jokowi will once again defeat his 2014 opponent, Prabowo Subianto, and secure...Read More

China's domestic rebar market picked up amid rising futures on Monday September 2, but export prices dropped on expectations of higher production this month due to looser steelmaking restrictions in Tangshan. Domestic Eastern China (Shanghai): 3,590-3,620 yuan ($501-505) per tonne, up 30-50 yuan per tonneNorthern China (Beijing): 3,580-3,600 yuan per tonne, up 40 yuan per tonneRebar futures increa...Read More

Diamond miner De Beers has provided a grant of €288 999, or R4-million, to a Limpopo-based company called Erada Technology Alliance to aid in its development of a technology focused on reducing the global malaria burden.Erada is pioneering work on the world’s first-ever saliva-based rapid test for diagnosing and identifying malaria – known as Saliva-based Malaria Asymptomatic and...Read More

Domestic prices for auto bundle steel scrap and shipbreaking scrap in Turkey have decreased because of poor demand, sources said on Monday September 2.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,520-1,770 ($260-303) per tonne on September 2, widening downward from last week's TRY1,580-1,770 per tonne.A number of steel mills have dec...Read More

Physical iron ore prices surged on Monday September 2 on news that Chinese mills were likely to face 'looser' production restrictions in the September-October period.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.58 per tonne, up by $5.92 per tonne.62% Fe Pilbara Blend Fines, cfr Qingdao: $90.97 per tonne, up by $5.93 per tonne.62% Fe low-alumina fines, cfr Qingdao: $87....Read More

Iron ore miner Tacora Resources (Tacora) shipped its first iron-ore concentrate cargo from its Scully Mine from the Port of Sept-Iles in Quebec, Canada, the company announced on Friday August 30.The MV Rio Tamara was loaded with 69,770 tonnes of high-grade iron ore concentrate - branded "Tacora Premium Concentrate" - which has more than 65% iron content, the company said.The shipment will be deliv...Read More

Seaborne coking coal prices were stable on Monday September 2, after a month of sharp decreases in August. Fastmarkets indicesPremium hard coking coal, fob DBCT: $154.01 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $167.54 per tonne, unchanged Hard coking coal, fob DBCT: $134.01 per tonne, unchangedHard coking coal, cfr Jingtang: $153.75 per tonne, unc...Read More

While nickel is in the spotlight, the rest of the base metals are still being pulled and pushed by the combination of higher tariffs on US imports of Chinese goods and China’s plans to support its economy with further spending on infrastructure.Chinese manufacturing data also showed mixed results with the official purchasing managers index (PMI) falling to 49.5 from 49.7, while the Caixin man...Read More

White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpBack then, Continental Gold was an early-stage exploration company yet to list on the Toronto Stock Exchange and access to the artisanal Centena mine where the Buritica project began either entailed aRead More

Seaborne iron ore concentrate and pellet prices continued to fall last week amid a general decline in prices across the iron ore market.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao was at $89.25 per tonne on Friday August 30, down $3.87 per tonne from the previous week. The price movement was based on the visible market activity detailed below, w...Read More

China Minmetals Rare Earth Co Ltd has won 18,661 tonnes of antimony ingots held by the defunct Fanya Metal Exchange in an auction that ended at 10am Beijing time on Sunday September 1.As the only bidder at the auction, it came as no surprise that China Minmetals won the auction of the entire antimony stock at a price of around 546 million yuan ($76.28 million), according to the official auction re...Read More

Key data from the Friday August 30 pricing session in Shanghai and London. Key driversCobalt hydroxide payables rose in the second half of August following news that Glencore will close its copper-cobalt Muntanda mine by the end of this year.Demand increased when consumers intended to secure units before the hydroxide price...Read More

Key data from the pricing sessions in London and Shanghai in the week ended Friday August 30. China Key drivers  The Chinese export silicon price moved up for the second consecutive week in response to tight supply in domestic market due to increased buying from Chinese secondary aluminum alloy producers who are ramping up production before China's National Day holiday (October 1-7) when prod...Read More

Fastmarkets proposes to discontinue five of its precious metals prices to focus attention on our core markets. The prices being proposed for discontinuation are as follows:Platinum min 99.9% Europe Free Market $ per troy oz in warehousePalladium min 99.9% Europe Free Market $ per troy oz in warehouseRhodium min 99.9% Europe Free Market $ per troy oz in warehouseIridium ingot min 99.9% Europe Free...Read More

Key data from the pricing sessions in Asia and Europe during the week ended Friday August 30.ChinaKey drivers The price for antimony, MMTA standard grade II, ddp China, continued to soften over the week after some domestic suppliers slashed their offer prices further to encourage sales amid sluggish demand. A few Chinese antimony producers, which refused to make a further compromise on the prices...Read More

QUESTION: Hello Marty,I have a question about Gold & Silver in other currencies – namely GBP.Accepting your rational, with evidence I must say, that precious metals are a reflection of the confidence people have in their countries currency, you can see from the price of gold & silver in GBP and EURO that leading up to the Brexit referendum until now confirms this.When you look at the...Read More