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
Major companies in logistics and heavy industry have come together as part of an initiative launched by the World Economic Forum at the the 2021 United Nations Climate Change Conference - COP26 - in Glasgow to create a critical mass of demand for low carbon technologies aimed at decarbonising heavily polluting sectors.The First Movers Coalition, announced on November 4, is a partnership between th...Read More
Base metals prices on the London Metal Exchange were down across the board at the 5pm close on Thursday November 4, with strength in the United States Dollar supporting price weakness across the complex.The US Dollar Index was most recently at $94.39 after hitting an intraday high of $94.47, the highest level since October 13, with base metals trading downward as a result. The three-month alu...Read More
Trafigura has confirmed its commitment to drive decarbonisation in the shipping and aluminium sectors by being a founding member of First Movers Coalition, the company said.The World Economic Forum, in partnership with US special presidential envoy for climate John Kerry, announced the First Movers Coalition during COP26, the United Nations climate conference taking place in Glasgow, Scotland.The...Read More
The agreement reached between the United States and the European Union regarding the replacement of Section 232 tariffs will support domestic prices for flat steel in Europe but the impact is likely to be limited, sources told Fastmarkets.On October 30, the US and the EU agreed to replace Section 232 steel and aluminium tariffs against the bloc's 27 countries with tariff-rate quotas.The decision i...Read More
The price of manganese flake has reached all-time highs in China and Europe, with most producers remaining bullish on the medium-and long-term outlook due to supply tightness. However, risk aversion continues in Europe; some cheaper offers are casting doubts about the immediate price direction of the metal, Fastmarkets heard.The manganese flake price has been on the rise in China since May, peakin...Read More
Backwardations in the forward curves of most metals on the London Metal Exchange have constrained warrant trading for the past few weeks.Copper warrants, for example, have been "impossible" to trade since steep backwardations emerged in copper's forward curve in mid-October, traders widely agreed.Its cash/three-month spread was recently at a $190 per tonne backwardation on Thursday November 4, hav...Read More
Base metals prices on the London Metal Exchange were down across the board at the 5pm close on Thursday November 4, with strength in the United States Dollar supporting price weakness across the complex.The US Dollar Index was most recently at $94.39 after hitting an intraday high of $94.47, the highest level since October 13, with base metals trading downward as a result. The three-month alu...Read More
Backwardations in the forward curves of most metals on the London Metal Exchange have constrained warrant trading for the past few weeks.Copper warrants, for example, have been "impossible" to trade since steep backwardations emerged in copper's forward curve in mid-October, traders widely agreed.Its cash/three-month spread was recently at a $190 per tonne backwardation on Thursday November 4, hav...Read More
Hot-rolled coil spot prices in China retreated to eight-month lows on Thursday November 4 as part of a broad-based decline led by coal.DomesticEastern China (Shanghai): 4,980-5,000 yuan ($779-782) per tonne, down by 70-100 yuan per tonneSpot HRC prices in China's eastern market fell to their lowest since March 18, wiping out all of Wednesday's gains.Traders reported that the price decline has redu...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipPolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldHighlights included 92.66m grading 3.36 grams per tonne gold equivalent including 7.01m grading 24.15g/t.Read More
The gold was recovered from early material stacked on the Santana heap leach pad during July and August and intended primarily to commission the company's carbon recovery plant and associated solutionRead More
SolGold chairman Liam Twigger sent a letter to shareholders yesterday outlining a difference of opinion between the two companies over governance.Read More
The company announced a 14c per share return with its results for the quarter to September 30 to be paid in December, which will complement the 9c dividend for the quarter.Read More
The two Ukrainian projects are Shevchenkivske and Dobra, the former which an exploration target of 11-14 million tonnes grading 1.2-1.3% lithium oxide, and the latter 80-105Mt at 1.1-1.4% Li2O.Read More
Look beyond market approach to project valuations: van ZylLeadershipNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsSumitomo's investment at $1 per share gives it a 10.1% stake in Kenorland, which has a series of deals with mining major...Read More
Diamond industry confident for holiday season. US trade upbeat amid steady retail orders. Indian suppliers take Diwali vacation. Dealers focusing on sales; buying has become difficult due to expensive rough and increased competition from large manufacturers selling direct to retailers. Polished prices stabilizing as buyers complete holiday orders. 1 ct. RAPI -0.2% in Oct. US polished imports+118%...Read More
RAPAPORT... Sales at Lucara Diamond Corp. jumped in the third quarter as the miner recovered higher-value stones and benefited from its supply deal with a Belgian manufacturer.Revenue leaped 76% year on year to $72.7 million for the three months ending September 30, the Canada-based company reported Wednesday. The average selling price almost doubled to $619 per carat from $365 per carat a ye...Read More
RAPAPORT... Firestone Diamonds has appointed Rob De Pretto as CEO to succeed Paul Bosma, who has left the company after seven years. De Pretto, who started November 1, was most recently the chief operating officer and acting CEO of Zimbabwe Consolidated Diamond Company (ZCDC), Firestone said Wednesday. He has also held executive and leadership roles at Diamcor Mining, Anglo American Research...Read More
New life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningBy the time WA Kaolin was listed on the ASX in November 2020, valued at A$56.Read More
(IDEX Online) - A pair of blue diamond cluster earrings - 3.06 carats and 2.61 carats - are being offered with a high estimate of $8m at Sotheby's Hong Kong. Both pear modified brilliant-cut gems are GIA-certified as fancy vivid blue color, VS2 clarity.They are set with pear, oval and round diamonds, in platinum and gold, and signed DM (David Morris). Also in the sale is a 3.3...Read More