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

The last two days of the International India Jewellery Show, held at Mumbai's Bombay Exhibition Centre, saw a low turn-out, IDEX's on-site reporter Vismay Bhanhkaria noted. "You'd expect to see a much larger turn-put of visitors on a Sunday - August 11. Of course, attendance on the last day of the show, Monday August 12, was very minor and exhibitors were packing up by noontime."...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

China exported 2,807 tonne of ferro-vanadium (basis 75% vanadium) in the first half of 2019, a drop of 17.9% from 3,419 tonnes over the same period in 2018, according to official but unconfirmed data seen by Fastmarkets. The pronounced year-on-year dip in the export of ferro-vanadium was mainly due to a higher Chinese price compared with its European counterpart for most of the first half of the y...Read More

China's hot-rolled coil prices rose on Tuesday August 13 after trading picked up a day earlier, though some mills lowered their export offers in an attempt to secure sales.DomesticEastern China (Shanghai): 3,700-3,710 yuan ($525-526) per tonne, up 40 yuan per tonneNorthern China (Tangshan): 3,700 yuan per tonne, up 30-50 yuan per tonneMills in northern China raised their ex-works offers by around...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More

Prices for hot-rolled coil in Asia maintained their downward trend in the past week amid rampant short-selling and a weakening raw materials market upstream.Fastmarkets' price assessment for steel HRC, import, cfr Vietnam - which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam - was $495-497 per tonne on Tuesday August 13, down by $5-18 per tonn...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumWood Mackenzie forecasts that over 20 million EV charging points could to be deployed over the next needed, and that means the world needs to produce around 2.Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe troubled seafloor mining pioneer, which is under Canadian bankruptcy protection, and its subsidiaries will on Tuesday bring an application before the Supreme Court of British Columbia for an order sanctioning the plan approval and related transactions that will see DSMF acquire Nautilus' remaining assets and intercom...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe company this week reported latest results from 6,430m of resource infill, step-out and exploration drilling on Cangrejos and Gran Bestia, with highlights including two step-out intercepts from Cangrejos of 302m grading 1.22 grams per tonne gold and 0.14% copper from surface, and 175m of 0.65g/t gold and 0.08% co...Read More

Supply disruptions supporting the fundamentals amid weak demand As the base metals markets generally continue to endure weak demand conditions, mainly due to the US-China trade dispute, the supply side of the equation is setting the fundamental tone, with disruptions in many markets recently price-supportive. Aluminium: Prices tracking our Q3 low case Given aluminium’s oversold technical conf...Read More

Negative macroeconomic backdrop continues to undermine risk appetite Global markets were buffeted again last week by a persistently negative macroeconomic backdrop that continues to undermine risk appetite. US-China trade tensions, a weaker yuan and the sell-off in major indices - various key economic data continue to point to a cohesive global slowdown - are some of the highlights. Trade relation...Read More

Aluminium The LME three-month aluminium price ran into stiff overhead resistance on Monday August 12 after reaching a high of $1,793 per tonne. Sellers were actively defending just below the 50 DMA and managed to produce a rather negative bearish engulfing daily candlestick. With the 20 DMA fast approaching the 50 DMA, a bearish cross-over below it could trigger more downside momentum. The 20...Read More

Fresh buying picks up Copper, which made a gain of nearly 1% last week, enjoyed some fresh buying judging by a rise in LME open interest. The rebound was in part technically driven because the sell-off of 4.1% in the LME copper price in the prior week resulted in oversold conditions. As the market is no longer oversold, renewed weakness in the immediate term cannot be ruled out. The rebound was al...Read More

Bull market in sight after another outage at Port Pirie At their recent highs, lead prices had rallied 19.4% from the May lows. A 20% rally is generally thought of as indicating a bull market is underway, so we wait to see if lead can move above the $2,129 per tonne level to show a 20% rise. News of another production halt at Port Pirie this week has prompted fresh buying – the earlier halt,...Read More