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
The mostpessimistic forecasts of copper demand, and pricing, during the worst pandemicin 102 years, have failed to materialize. From afour-year low in March, when the coronavirus slammed into Europe and NorthAmerica, the red metal used widely in construction, communications,transportation and energy transmission, has mounted a serious comeback. As ofthis writing spot copper is trading at $3.08 per...Read More
Brazilian iron ore exports fell 8.6% in October, when compared with the same month last year, since the month had fewer workdays in 2020, and despite those volumes representing a higher daily average, data from the country's economy ministry showed on Tuesday November 3.Brazil exported 31.19 million tonnes of iron ore last month, down from 34.14 million tonnes a year before, and down 17.6% from th...Read More
Indian steelmaker Jindal Steel & Power (JSPL) announced its highest-ever quarterly sales, steel production and earnings in the second quarter of its 2020/2021 financial year, over July-September 2020.In brief The company's steel exports fell by 17.8% quarter on quarter to 740,000 tonnes in the company's second quarter, amid stronger ferrous demand from India's domestic market.Exports constituted 3...Read More
Prices continued to increase for some grades in Mexico's main steel scrap markets, amid strong domestic demand and expectations of higher prices for imported material.A few companies were heard to be increasing prices in both the Monterrey and Baj?-o regions, while the majority did not announce any price changes. But some scrap buyers were trying to secure batches and negotiating volumes at prices...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 3. Please click...Read More
Brazilian iron ore exports fell 8.6% in October, when compared with the same month last year, since the month had fewer workdays in 2020, and despite those volumes representing a higher daily average, data from the country's economy ministry showed on Tuesday November 3.Brazil exported 31.19 million tonnes of iron ore last month, down from 34.14 million tonnes a year before, and down 17.6% from th...Read More
The London Metal Exchange base metals complex closed up by 1.2% from the previous day's kerb on Tuesday November 3, buoyed by bullish expectations arising from the same day's United States presidential election.Conversely, the US dollar index was trading down by 0.64% around 93.40 during the afternoon session, in anticipation of the poll result, providing a significant tailwind for LME three-month...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 3 that are worth another look.Flying taxis and skyports could become a reality over the next 20 years, according to Shin Jaiwon, Hyundai Motor Group's executive vice president and head of the newly established Urban Air Mobility...Read More
Many Chinese steelmakers switched up their sinter feed ratios to consist of more low and high-grade iron ore amid rising prices for mid-grade products in the third quarter, sources said.This trend appeared short-lived when iron ore prices declined in the last couple of months but with coke becoming costlier in China, blends of low and high grades of iron ore appear to be making a comeback.Surging...Read More
The London Metal Exchange base metals complex closed up by 1.2% from the previous day's kerb on Tuesday November 3, buoyed by bullish expectations arising from the same day's United States presidential election.Conversely, the US dollar index was trading down by 0.64% around 93.40 during the afternoon session, in anticipation of the poll result, providing a significant tailwind for LME three-month...Read More
Many Chinese steelmakers switched up their sinter feed ratios to consist of more low and high-grade iron ore amid rising prices for mid-grade products in the third quarter, sources said.This trend appeared short-lived when iron ore prices declined in the last couple of months but with coke becoming costlier in China, blends of low and high grades of iron ore appear to be making a comeback.Surging...Read More
Based on communication with the Central Bank of Mexico, the principal supplier of silver ounces to Banco Azteca, supply will likely be "exhausted" by year's end!(by Half Dollar) Silver Bugs, stackers and other smart investors, take note!Silver Fever is running through Mexico!Hugo Salinas Price has a stake in Banco Azteca, which are banks generally found inside of department/rent-to-own stores call...Read More
The Comex lately has been unable to deliver enough silver to meet market demand...by Chris Powell of the Gold Anti-Trust Action Committee (GATA)1:07p ET Monday, November 2, 2020Dear Friend of GATA and Gold:International monetary metals consultant Corey Keller, interviewed today by Bullion Star's Ronan Manly, suggests that the New York Commodities Exchange is the vulnerable spot of the bullion bank...Read More
The London Metal Exchange has approved the resignation of French bank Soci?(C)t?(C) G?(C)n?(C)rale from its Category II and LMEprecious membership structure, outlining in a note to members on Tuesday November 3 that the entity will no longer trade as a general clearing member of LMEClear with immediate effect. Soci?(C)t?(C) G?(C)n?(C)rale, also known as SocGen, began a refinement of its commodity...Read More
We really needed to break through $21, and we did that. Here's what comes next for silver...Bill Murphy interviewed by Chris Marcus of Arcadia EconomicsFor years, there was a #silver analyst who warned to watch out once the #silverprice broke through the $21 level. Because when it did, he expected the price to rise substantially.Sure enough, that's exactly what happened. And to find out what #Bill...Read More
RAPAPORT... Signet Jewelers will offer James Allen products in nearly half of its Jared stores through a new, dual-branded model.The Jared + James Allen locations are part of the jeweler's efforts to reposition Jared as a more exclusive, luxurious destination, and provide customers with an "elevated and superior" experience, Signet executive vice president and chief marketing officer Bill Brace to...Read More
RAPAPORT... Mountain Province recorded its largest open-market sale to date as rough-diamond demand returned ahead of the holiday season.The miner sold 559,528 carats for $34.3 million at last month's tender in Antwerp, averaging $61 per carat, the company reported Monday. The event, which closed October 30, was only its second commercial sale since the start of the Covid-19 pandemic."The int...Read More
RAPAPORT... Watches of Switzerland has hired Kelly Yoch as director of client relations, a new position for the company, it said Monday.Yoch, who was most recently the senior North American consultant for Patek Philippe watches at Tiffany & Co., also served as the head of fine jewelry at Saks Fifth Avenue, and as the general manager of luxury-watch label Tourneau. She will be responsible for d...Read More
RAPAPORT... Chow Tai Fook is launching its own diamond certificates based on artificial intelligence, using a new grading scale featuring numbers instead of letters.The Chow Tai Fook AI Diamond Grading Certificate will be available for stones weighing 0.30 carats or less through T Mark, the retailer's diamond brand focused on traceability, the company said Monday. The reports - which it devel...Read More
RAPAPORT PRESS RELEASE, November 3, 2020, Las Vegas... The diamond market continued to improve in October as holiday orders picked up. Supply shortages helped buoy prices of 1-carat and larger stones. However, the positive sentiment of the previous month weakened due to a rise in global Covid-19 cases and uncertainty surrounding the US election. The RapNet Diamond Index (RAPI?,,?) for 1-carat poli...Read More