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

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

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

Our focus this week is rounding up the main Q2 production results published this reporting season. Although some big target misses have made the headlines and helped to fuel the price rally, production disappointments are not the whole story, especially if we look at producers who don’t publish their results in the public domain. (Q2 comparisons are year on year unless otherwise stated.) Norn...Read More

The purge continues LME tin continues to trade poorly relative to its peers, suggesting that the purge of the overly long position held by speculative funds is not done yet. It is interesting to notice that only tin and zinc, for which money managers are relatively the most bullish among the complex posted a loss last week. Once the purge is over, however, we believe that tin prices are likely to...Read More

Zinc price extend to fresh lows Zinc prices came under increasing downside pressure across the past week, reflecting risk-off sentiment across wider markets. The LME three-month price has extended to a fresh multi-month low of $2,230.50 per tonne on Monday, August 12, the lowest since October 2016. Zinc demand may be set for seasonal up tick... At the same time, however, stock flows support our vi...Read More

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Click here to download the Selected Demand IndicatorsACCESS 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 lat...Read More

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, of ...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.Index futures were virtually unchanged following release of the July U.S. Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.3% versus a gain of 0.1% in June. Actual was an increase of 0.3%. Excluding food and energy, consensus was an increase of 0.2% versus a gain of 0.3...Read More

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The Colorado School of Mines "M" is visible far beyond Golden in the Denver metro area, but did you know there are 1,653 LED light bulbs illuminating the mountainside emblem?And that it takes five 55-gallon drums of whitewash to freshen it up every August as part of the annual M Climb? The 2019 M Climb will be held the morning of Friday, Aug. 16, with Mines President Paul C. Johnson, faculty and...Read More

More than a decade since Ecuador opened its doors to mining, the Andean country is beginning to see the results.In July, production began at the country's first large-scale mining operation: the Chinese-owned Mirador mine.Located in southern Zamora-Chinchipe province, the open-pit operation is expected to produce almost 100,000 tons (90,700 tonnes) a year of copper in concentrate over the next thr...Read More