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

Three-month base metals prices on the London Metal Exchange were collectively higher at the close of trading on Wednesday November 4, with upward price movements largely supported by a steady decline in the US dollar index, while broad uncertainty over the US presidential election did little to trim standout volumes over the day.Topping complex gains over the afternoon, LME zinc's outright price c...Read More

Iron ore prices in the futures and seaborne markets were relatively stable on Wednesday November 4, despite new restrictions on sintering and blast furnace stoppages, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $116.91 per tonne, down $0.18 per tonne62% Fe low-alumina fines, cfr Qingdao: $117.00 per tonne, down $0.63 per tonne58% Fe fines high-grade...Read More

Zinc premiums in the United States and Taiwan rose over the week to Tuesday November 3 while in Northern Europe spot zinc premiums dropped amid a dampened outlook and new regional lockdowns, sources said.US, EU zinc premiums diverge with appetite for units stronger in the former and weaker in the latter regionTaiwanese zinc premiums hit multi-month high amid demand uptick while China zinc premiums...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Flat product prices in the US moved largely in line with our expectations in October, posting impressive gains across the product range, and slightly exceeding our forecasts for coil products.Domestic hot-rolled coil prices averaged $722 per tonne in October, exceeding our forecast of $705 per tonne forecast price.Although w...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More

Three-month base metals prices on the London Metal Exchange were collectively higher at the close of trading on Wednesday November 4, with upward price movements largely supported by a steady decline in the US dollar index, while broad uncertainty over the US presidential election did little to trim standout volumes over the day.Topping complex gains over the afternoon, LME zinc's outright price c...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 4. Please click...Read More

RAPAPORT... The board of the Israel Diamond Institute (IDI) has elected Yoram Dvash for a three-year term as chairman, it said Wednesday.Dvash, who announced he was stepping down as president of the Israel Diamond Exchange (IDE) last week, will succeed Boaz Moldawsky, who resigned a week ago.Although Dvash had planned to focus on his leadership position at the World Federation of Diamond Bourses (...Read More

RAPAPORT... Gail Goldberg will take the helm of the Canadian Jewellers Association (CJA) following the election of the trade body's new board of directors.Goldberg, who will succeed Marco Miserendino as chair, will take over for the 2020-to-2022 term, CJA said Tuesday. The owner of Custom Creations by GG, Goldberg previously served as first vice chair of the CJA board, president of the Jewelers Vi...Read More

RAPAPORT... Pandora has warned that fresh coronavirus-related restrictions could dampen the jeweler's holiday sales and put the brakes on its steady recovery.The Danish retailer has maintained its financial guidance for the year due to market uncertainty, but "the recent lockdowns and potential further Covid-19 escalation represent a clear downside risk," the company said Tuesday.Pandora is r...Read More

An abundance of used lead-acid batteries in the United States weighed on product prices again over the past two weeks; meanwhile, zinc scrap prices were soft relative to the London Metal Exchange zinc price, according to market sources.Fastmarkets' assessment of the lead scrap buying price, delivered smelters US fell to 65-67 cents per lb on Tuesday November 3, down by a penny from 66-68 cent...Read More

(IDEX Online) - Joan Collins, the British stage and screen icon best known as Alexis Carrington Colby in the US 80s soap Dynasty, is selling a selection of her jewels.A necklace featuring over 60 carats of diamonds will lead the auction at Bonham's in London, where it is expected to fetch between $65,000 and $91,000.It has a graduated series of brilliant and marquise-cut diamonds, and a scrol...Read More

(IDEX Online) - Canadian miner Mountain Province Diamonds sold 559,528 carats of rough at the second sale since its Gahcho Kue mine was hit by the lockdown in February.Total proceeds from the tender in Antwerp were $34.3m - an average of $61 per carat, indicating an encouraging recovery in global demand.The figure is significantly higher than its first post-lockdown sale last month, which averaged...Read More

(IDEX Online) - An Indian farm laborer has unearthed a 14.95-carat gem-quality diamond valued at a life-changing $80,000. Lakhan Yadav was washing gravel in Madhya Pradesh district, an area rich in government-licensed artisanal mines.The stone will now be auctioned by the local diamond office and Mr Yadav will receive the proceeds, minus a 12.5 per cent tax.In the same week another farmer, di...Read More

The tightness in China's domestic market for aluminium scrap has slightly eased week on week with more aluminium scrap cargoes arriving in the country, Fastmarkets learnt on Wednesday November 4.The change came after Chinese producers of aluminium ADC12 were allowed to import qualified aluminium scrap based on a new customs code that came into effect on November 1."We stored some volumes of standa...Read More

The recovery in Peruvian copper output off the 2020 lows, which were caused by action taken to combat Covid-19, lost steam in September, while domestic zinc production continued to climb year year on year, the country's ministry of energy and mines, Minem, said.Peru produced 171,789 tonnes of copper in September was down by 15.7% from 203,782 tonnes a year earlier, according to Minem data on Tuesd...Read More

Global nickel premiums were broadly unchanged in the week to Tuesday November 3, with a closed import arbitrage window and muted spot interest prompting no movement in premiums, sources told Fastmarkets. Absence of import opportunities leaves nickel premium static in ChinaNo spot trade reported in United States' market European market laments London Metal Exchange price spikeChina nickel business...Read More

Prices for hollow steel sections in Europe remained static this week but mills are looking to push prices higher in the coming weeks on solid order books, sources told Fastmarkets on Wednesday November 4.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?630-650 ($736-760) per tonne on Wednesday, unchanged week on week.The price of hot-rolled coil...Read More

The price of steel H-beams in Europe was unchanged this week as a result of negative sentiment related to the resurgence of the Covid-19 pandemic, sources told Fastmarkets on Wednesday November 4.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?540-570 ($631-666) per tonne on Wednesday, unchanged week on week.Prices have been unchanged for the past...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The company said this week it had reviewed a third-party term sheet for a US$20-30 million credit facility.It is said to be in discussions with senior lender KfW-IPEX Bank and other potential funding providers, while main shareholder Pala Investments is meeting regular cash calls - but only until the end of the...Read More