The company said in its quarterly production report that extraction at its mines had been impacted by the existence of barren rock zones in the areas of the deposits being mined.Read More
RAPAPORT... De Beers' production grew during the first quarter as the company reached full capacity at its Gahcho Ku?(C) mine in Canadaand increased output in Botswana in response to a strong market. The miner's global production jumped 15% year on year to 8.5million carats during the period ending March 31, parent company Anglo American reportedTuesday. Rough-diamond recovery in Canada soared 69%...Read More
SHANGHAI, Apr 24 (SMM)? 1/4 ? Read More
RAPAPORT... A 3.09-carat blue diamond smashed its pre-sale estimate atChristie's Magnificent Jewels auction in New York last week. Therectangular-cut, fancy intense blue diamond ring, surrounded by taperedbaguette-cut diamonds on either side, sold for $5.4 million. Its originalestimate was $2 million to $3 million. A similar 3.47-carat ring sold atSotheby's New York Magnificent Jewels auction the...Read More
Iron ore production from Minas-Rio fell 30% on the year to 3 million tonnes in the March quarter, with full-year guidance revised down to this level from the previous 13-15Mt, as no material production was expected for the remainder of the year.Read More
RAPAPORT... Mountain Province's sales increased at its April rough-diamondtender as a higher carat volume outweighed a weaker average price. The miner sold 451,000 carats of rough from its Gahcho Ku?(C)mine for $26.4 million at an average of $59 per carat, it reported in astatement last week. While total sales rose from $25.1 million in March, theaverage price was the lowest of the year. The Febr...Read More
Yacimientos de Litio Bolivianos (YLB) would commission a plant late next year with capacity to produce up to 15,000 tonnes of battery-grade lithium carbonate, said the company's executive manager, Juan Carlos Montenegro. A second plant producing 25,000t a year of lithium hydroxide is due to enter production by the end of 2019.Read More
SHANGHAI, April 24 (SMM) –Read More
Risk...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.Subsc...Read More
In an announcement to the Santiago Stock Exchange, Empresas Copec said its subsidiary Inversiones Alxar would pay Minsur US$168.5 million for a 40% stake in Cumbres Andina, which in turn controls Marcobre SAC, the owner of the copper project.Read More
Increased volatility for aluminium prices Aluminium...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 la...Read More
SHANGHAI, Apr 24 (SMM) –Copper: LME copper fell amid the weak performance across the nonferrous complex as the US signalled it could ease sanctions against Rusal. The contract struggled between several moving averages but stood above the 10-day moving average. The SHFE 1806 contract was dragged by its LME counterpart. We expect it to trade at 51,000-51,600 yuan/mt today with LME copper at $6...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade.First quarter reports poured in since yesterday's close. Reporting companies included Alphabet, Biogen, Canadian National Railways, Caterpillar, Coca Cola, Corning, Freeport McMoran, Google, Harley Davidson, JetBlue, Lockheed Martin, MMM, Masco, Restaurant Brands International, Sherwin Wi...Read More
Aluminium LME aluminium declined 9.4% on Monday, April 23,...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 dow...Read More
SHANGHAI, Apr 24 (SMM) – Nonferrous metals fell across the board on Tuesday April 24, as SHFE aluminium led with a loss of 3.69%. SHFE nickel and tin dropped over 1%, copper and lead edged down slightly while zinc dipped.The ferrous complex notched a strong performance except for iron ore. Coking coal and coke rose over 2%, rebar went up over 1% and hot-rolled coil gained 0.77%.Cop...Read More
SHANGHAI, Apr 24 (SMM) – Nonferrous metals fell across the board on Tuesday April 24, as SHFE aluminium led with a loss of 3.69%. SHFE nickel and tin dropped over 1%, copper and lead edged down slightly while zinc dipped.The ferrous complex notched a strong performance except for iron ore. Coking coal and coke rose over 2%, rebar went up over 1% and hot-rolled coil gained 0.77%.Cop...Read More
SHANGHAI, Apr 24 (SMM) – Nonferrous metals fell across the board on Tuesday April 24, as SHFE aluminium led with a loss of 3.69%. SHFE nickel and tin dropped over 1%, copper and lead edged down slightly while zinc dipped.The ferrous complex notched a strong performance except for iron ore. Coking coal and coke rose over 2%, rebar went up over 1% and hot-rolled coil gained 0.77%.Cop...Read More
QUESTION: Hey MartinYou always say that us in Europe better get our money out while we still can.I know that you recommend bank account in US but that isn’t always so easy.As some kind of alternative, what do you think about storing some gold in Asia ( Hong Kong, Singapore etc.)I am no gold bull and I understand that you take the risk of gold still going under 1000 dollars but in the long g...Read More
In this week’s analysis, we identify...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...Read More