RAPAPORT... The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted by the virus.July 2?EUR? Rio Tinto has carried out nearly 2,600 Covid-19 tests at its Diavik diamond mine in Canada since introducing the measure seven weeks ago. All c...Read More
Gold just closed the month and quarter and itsperformance on the final day of both was very encouraging for the bulls. What’sgoing on and what changed?Let’s start with the big picture. Gold just moved to the November 2011 high and intoday’s pre-market trading it even moved above it. The volume on which goldmoved up last month was relatively small, which doesn’t support the...Read More
Some gold bulls have bought in heavily to the argument that gold price suppression has been an ongoing activity for years, even decades. Supposedly, trading in the gold market is manipulated in ways that depress the market price for gold.Assertions are made that the manipulation takes place in a shroud of secrecy; and the unexpected lower prices for gold, or prices that don’t meet wildly bul...Read More
Gold just closed the month and quarter and itsperformance on the final day of both was very encouraging for the bulls. What’sgoing on and what changed?Let’s start with the big picture. Gold just moved to the November 2011 high and intoday’s pre-market trading it even moved above it. The volume on which goldmoved up last month was relatively small, which doesn’t support the...Read More
Some gold bulls have bought in heavily to the argument that gold price suppression has been an ongoing activity for years, even decades. Supposedly, trading in the gold market is manipulated in ways that depress the market price for gold.Assertions are made that the manipulation takes place in a shroud of secrecy; and the unexpected lower prices for gold, or prices that don’t meet wildly bul...Read More
Sebastien de Montessus, president and CEO of Endeavour Mining Corporation, discusses the company's growth prospects.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Friday July 3 that are worth another look.Production resumes at Hydro's Paragominas mine and Alunorte alumina refinery. The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3.The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi...Read More
The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3. With production at Paragominas now resumed, alumina refining is being ramped back up at the company's Alunorte refinery. Three power transmission towers overturned on June 20, causing a power outage at Paragominas, Fastmarkets reported earlier. "The t...Read More
The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi mine has dropped by 15% in the latest mine plan, according to a regulatory filing released on Friday July 3. The reductions have been significant at Oyu Tolgoi, which is one of the world's largest known copper and gold deposits. The Australia-listed miner said the estimate of recoverable copper from the Mongolian project was now 6...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Here are five Fastmarkets stories you might have missed on Friday July 3 that are worth another look.Production resumes at Hydro's Paragominas mine and Alunorte alumina refinery. The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3.The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi...Read More
The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3. With production at Paragominas now resumed, alumina refining is being ramped back up at the company's Alunorte refinery. Three power transmission towers overturned on June 20, causing a power outage at Paragominas, Fastmarkets reported earlier. "The t...Read More
The spot market remained subdued this week but buyers are picking up copper concentrates at low levels while the Chilean coronavirus situation remains precarious, sources said on Friday July 3.Fastmarkets' benchmark copper concentrate treatment and refining charge (TC/RC) index stood at $46.60 per tonne/4.66 cents per lb on Friday July 3, largely flat from 46.80 per tonne/4.68 cents per lb a week...Read More
Steel scrap prices in the global markets continued to fall in the working week ended Friday July 3, with the exception of Turkey, which secured a cargo at a higher price as the week closed.Turkey secures further cargoesUS East Coast recyclers reduce buying pricesVietnam demand gets thin on increasingly bearish sentimentTaiwan buyers seek lower pricesIndia's poor demand hits prices.TurkeyTurkish st...Read More
The inter-merchant spot price for light iron scrap in the UK was steady in the week ended Friday July 3, extending a run of stability into a third week, with the market supported by relatively low volumes of scrap being delivered into yards, trade sources said.The UK market has also been supported by steady purchasing in the European steel scrap export market by traditional destinations such as Tu...Read More
The price of ferrous scrap in containers imported into India edged downward again over the past week, with demand remaining at low levels, sources told Fastmarkets on Friday July 3.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $270.18 per tonne on July 3, down from $274.28 per tonne the Friday before.Market sources reported offers of shredded material...Read More
Markets were mixed this morning, Friday July 3, with Asian-Pacific equities generally higher and pre-market western equity index futures weaker, while the base metals and precious metals were mixed.China's Caixin services purchasing managers index (PMI) climbed to 58.4 in June, from 55 previously. James Bullard, president of the Federal Reserve Bank of St Louis, told the Financial Times that a wav...Read More
Key data from Fastmarkets' pricing session in London and Shanghai on Friday July 3.Key drivers- Spot payables edged higher, and were now at levels last seen in March. Activity was still reasonably thin but many suppliers were holding...Read More
An overview of the battery raw materials markets and their latest price moves.Read More