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 latest news and price moves to start the Asian day on Tuesday January 1.Base metals on the London Metal Exchange were predominantly down at the close of trading on Monday December 31, consolidating lower despite slight upticks in equity markets and a continued easing in the US dollar index. Read more here in our live futures report.Here is how prices looked at the close of...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday December 31.Base metals prices on the London Metal Exchange were all up during Asian morning trading on Monday amid renewed optimism in the market after US President Donald Trump reported "big progress" in trade talks with his Chinese counterpart, Xi Jinping.Check Fastmarkets MB's live...Read More
While base metals prices began the first quarter of 2018 following the uptrend from the previous year, the advent of sanctions, global trade tensions and tariffs - notably Section 232 - swiftly became a focal point in what became a year of volatile price action.In addition, a broad trend of depleting LME stocks further exacerbated choppy price action, while strength in the US dollar index above th...Read More
The treatment charges (TCs) paid for zinc concentrates continued to climb in December, while the market closed out a highly volatile 2018 at multi-year highs.Fastmarkets assessed the spot TCs for zinc concentrates at $210-230 per tonne basis cif China on December 28, the highest recorded since pricing began in December 2014.Zinc TCs have skyrocketed from decade lows in April after smelters in Chin...Read More
While base metals prices began the first quarter of 2018 following the uptrend from the previous year, the advent of sanctions, global trade tensions and tariffs - notably Section 232 - swiftly became a focal point in what became a year of volatile price action.In addition, a broad trend of depleting LME stocks further exacerbated choppy price action, while strength in the US dollar index above th...Read More
Base metals on the London Metal Exchange were predominantly lower at the close of trading on Monday December 31, consolidating lower despite slight upticks in equity markets and a continued easing in the US dollar index. The worst affected of the day, the three-month lead price closed around 2% lower but remains supported above $2,000 per tonne amid a multi-year low in total LME inventory. &n...Read More
Comex copper prices dipped to start the week in the United States on a lack of trading volumes and continued market worries over a prolonged trade war.The copper price for March settlement on the Comex division of the New York Mercantile Exchange declined 2.50 cents to $2.6565 per lb."Broader risk-off sentiment continues...Read More
In October, the U.S. Securities and Exchange Commission (SEC) adopted a final rule that overhauls its existing disclosure requirements for mining company issuers. The new disclosure requirements replace the SEC's existing Industry Guide 7 which had not been updated in over 30 years. The final rules provide a two-year transition period so that a registrant will not be required to begin to comply wi...Read More
As three of the most popular posts in 2018 on MINING.com cover battery materials, it is evident that the attention of the mining industry has shifted. As always, reads for the gold market follow closely behind.Interestingly enough, our 3rd place article on the list of top 10 reads was first published at the start of 2017. You know it's a good read when a story makes the list two years in a row.#...Read More
Rio Tinto and Mongolia have signed a deal for the supply of power to the miner's giant copper mine extension at Oyu Tolgoi by mid-2023, with both sides saying the framework agreement marked a step forward after a protracted dispute.The Oyu Tolgoi project is central to Rio Tinto's push to diversify its portfolio away from iron ore, but it has faced a series of challenges as Mongolia's fragile gover...Read More
SANTIAGO - Chile's copper production touched 540,720 tonnes in November, its highest level in 13 years, as ore grades and efficient processing favored increased output in the world's top producer of the red metal, the government said on Monday.Copper production rose 7 percent from the same month the previous year, Chile's national statistics agency INE said, putting it at its highest level since D...Read More
As three of the most popular posts in 2018 on MINING.com cover battery materials, it is evident that the attention of the mining industry has shifted. As always, reads for the gold market follow closely behind.Interestingly enough, our 3rd place article on the list of top 10 reads was first published at the start of 2017. You know it's a good read when a story makes the list two years in a row.#...Read More
RAPAPORT... Macy's has removed a collection of Roberto Coin black-jadejewelry from its shelves following allegations the line bears unlawful gemcertification. Natural-stone supplier Kings Stone, which made the claimsthat prompted Macy's move in April, filed a lawsuit in August seeking damagesof $46.1 million from Roberto Coin Incorporated (RCI). The suit asserts thejeweler continued to use th...Read More
RAPAPORT... This story has legs: AUS jeweler has obtained a colorful opal featuring an encased insect. The rare stone originates from Java, Indonesia, andfeatures a well-preserved invertebrate, apparently with its mouth still open. Lookingclosely, one can even see thin fibers extending from the limbs, noted Philadelphia-basedgemologist Brian Berger, who recently acquired the gem. The phenomenon i...Read More
RAPAPORT... Nevada-based Adamas One Corp. has bought all assetsbelonging to Scio Diamond, a producer of lab-grown diamonds. Adamas will pay $3.3 million over 18 months to cover Scio's secured debt, according to a December 11 filing with the US Securities andExchange Commission. Scio will also receive 350,000 shares of Adamas stock, which it will useto settle its unsecured debts of more than $...Read More
In October, the U.S. Securities and Exchange Commission (SEC) adopted a final rule that overhauls its existing disclosure requirements for mining company issuers. The new disclosure requirements replace the SEC's existing Industry Guide 7 which had not been updated in over 30 years. The final rules provide a two-year transition period so that a registrant will not be required to begin to comply wi...Read More
RAPAPORT... The Damiani family plans to acquire the Italian jewelerthat bears its name, thereby delisting it from the Milan Stock Exchange. Leading Jewels, the Damianis' holding company, hasoffered to buy the entire group for up to EUR 11.8 million ($13.5 million), itsaid Friday. The company proposes to spend EUR 0.86 ($0.98) per share, representing a 5%premium to the stock's Thursday closing pric...Read More
RAPAPORT... De Grisogono has appointed C?(C)line Assimon as CEO, taskingher with international brand development and product expansion. Assimon will succeed John Leitao, who has been with the Swissluxury jeweler since May 2013. She was previously the director of high jewelryand exceptional pieces at Piaget, and worldwide head of jewelry and watch salesat Louis Vuitton. "With [C?(C)line's] ex...Read More
As three of the most popular posts in 2018 on MINING.com cover battery materials, it is evident that the attention of the mining industry has shifted. As always, reads for the gold market follow closely behind.Interestingly enough, our 3rd place article on the list of top 10 reads was first published at the start of 2017. You know it's a good read when a story makes the list two years in a row.#...Read More
Buyers in the export market for flat steel products from the Commonwealth of Independent States (CIS) are waiting for lower prices in early 2019 due to oversupply, sources told Fastmarkets MB.Fastmarkets MB's weekly price assessment for CIS-origin HRC exports was $440-460 per tonne fob Black Sea on Friday December 28, down $10 per tonne week on week.The CIS-origin HRC price fell by $117.50 per ton...Read More