Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

Look beyond market approach to project valuations: van ZylLeadershipPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe pricing is at 58c per new share. The raising follows a $47 million equity placement to institutions earlier this y...Read More

Turkish steel mills continued to pay higher prices for deep-sea scrap, with news of a deal for US scrap from Friday pushing up prices on Monday October 25, market participants told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising HMS 1&2 (80:20) at $510 per tonne and shredded at $530 per tonne cfr late on Friday October 22. The cargo composition,...Read More

Netherlands-based automaker Stellantis NV and Samsung SDI have entered into a memorandum of understanding to form a joint venture that will produce battery cells and modules for the North American electric vehicle (EV) market.The plant is expected to start production in 2025 and have an initial annual production capacity of 23 gigawatts (GWh), with a potential to increase to 40 GWh, according to a...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperHome to an estimated 80% of the world's known manganese, the Kalahari field has never achieved its full potential thanks to a combi...Read More

London Metal Exchange futures prices were broadly up on the morning of Monday October 25, following a substantial sell-off on the previous Friday, with concerns about power restrictions in China supporting higher aluminium prices. Aluminium's three-month price rose the most on Monday, up 2% to $2,926 per tonne at 9am from $2,868 per tonne on Friday, with more than 5,600 lots of the metal traded at...Read More

A combination of hurdles to a recovery of demand, elevated freight rates and lower supply have capped premiums for aluminium billet in Thailand for the second time in three months.Buyers continue to report a shortage of supply from producers in the market, though few were actively negotiating for cargoes. Fastmarkets' monthly assessment of the aluminium 6063 extrusion billet premium, cif Thailand...Read More

RAPAPORT... The past few years have brought about extraordinary changes to the wedding and engagement jewelry industry. In addition to the Covid-19 pandemic, there have been significant social and political shifts, leading to both short- and long-term differences in the way retailers do business.The lasting effects of the coronavirusFor Ken Black, Covid-19 caused a boom in bridal sales. "When...Read More

RAPAPORT... Some US retailers are considering scaling back their Black Friday markdowns and adding a new discount day in January or February, as supply shortages are disrupting the usual preholiday sales schedule.Black Friday may not make its true debut until after Christmas and New Year's because of a shipping bottleneck that has delayed retailers' orders. Many are concerned they will not have en...Read More

(IDEX Online) - A 6.75-ct pink diamond ring, with a high estimate of $10.9m, is among the highlights of the Christie's Geneva Magnificent Jewels Sale early next month.Lots previously announced include a pair of diamond bracelets that originally belonging to Queen Marie-Antoinette of France, comprising 112 diamonds with an estimate of $2m to $4m.And a ruby and diamond bracelet presented by Bri...Read More

Sentiment in the US hot-rolled coil market has been mixed but continues to lean bearish, with prices again trending downward over the past week, backsliding to levels last seen in August.Fastmarkets' calculation of the daily steel hot-rolled coil index, fob mill US averaged $95.93 per hundredweight ($1,918.60 per short ton) during the week ended Friday October 22, down by 0.54% from $96.45 per cwt...Read More

Sales of watches and jewelry in the US rose by just over 35 per cent year-on-year in August.That's broadly in line with the 36 per cent figure for July. Actual dollar sales this August were slightly higher than July. The percentage increase was slightly lower because of higher sales last August, as the post-lockdown recovery gathered pace. Sales were buoyed by an unexpected rise of 0.9 per ce...Read More

Insteel Industries credited better margins and strong demand for ending its fiscal 2021 with the best earnings in its history, posting net earnings for its fourth fiscal quarter - ended October 2 - of $25.15 million, up by 238.70% from $7.43 million in the same period a year ago.Sales increased to $171.26 million, up 23.89% from $138.23 million in the fourth quarter of the previous year. The...Read More

(IDEX Online) - Alrosa is considering a request to supply rough diamonds direct to factories in India.The move was proposed last Friday by the Gem & Jewellery Export Promotion Council (GJEPC) as it hosted its first high-level international delegation since the pandemic.Colin Shah, GJEPC chairman said afterwards: "The direct sourcing of rough diamonds would help our micro, small and medium ente...Read More

Russian steelmaker Novolipetsk's (NLMK) US steel assets performed well in the third quarter of 2021 on a combination of higher steel prices and stable demand."In the third quarter of 2021, average steel prices grew across all key sales markets. In the US, prices hit new highs," according to NLMK Group's chief financial officer Shamil Kurmashov. Flat-rolled steel selling prices in the US were...Read More

The kidnapped workers, who had been captured during traffic route inspections, were released on October 23, and have now been reunited with their families, KEFI said. Read More

BlueScope Steel Ltd attributed its increased guidance for the first half of its fiscal 2022 year to the performance at its Delta, Ohio, hot-rolled coil mill and its North America coated products business.BlueScope anticipates underlying earnings before interest and tax (Ebit) to be in the range of Australian $2.1 billion-2.3 billion ($1.57 billion-1.72 billion). This is an increase from the prior...Read More

JSW Steel USA swung to profitability in its fiscal second quarter a healthy US market with robust steel selling prices, according to the company. The steel producer's Ohio segment reported $48.28 million in earnings before interest, taxes, depreciation and amortization (Ebitda) on $200.8 million in revenue for its fiscal second quarter ended September 30, compared with an Ebitda loss of $10.5...Read More

Hot-rolled coil prices in the United States dropped considerably on Monday October 25, lending credence to the growing number of bearish viewpoints expressed in the market over the past several weeks.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $93.45 per hundredweight ($1,869 per ton) on Monday October 25, down by 2.03% from $95.39 per cwt on Friday October 22 and...Read More

Output from those producers that have reported figures for the September quarter shows production is up just 0.9% year-on-year.Read More

It gained full control of the project, previously known as Timok, after acquiring Nevsun Resources then Freeport-McMoRan's stake in Timok's Lower Zone in 2019.The underground mine is expected to produce 50,000 tonnes of copper and 3t of gold in 2021, Zijin said, with the first part of the project targeting "an ultra-high grade orebody".Zijin this month reported a net profit of CNY11.3 billion...Read More