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
Comex copper prices turned modestly lower in the United States on Monday January 7 with a lack of market news and evolving macroeconomic worries. The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.35 cents to $2.6440 per lb. Trade talks between China and the US have seen minimal progress over the past few weeks and the lack of resolution is cas...Read More
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Monday January 7, with continued weakness in the dollar index spurring buying momentum amid market optimism around US-China trade talks scheduled later today.Zinc's three-month price gained 1.3%, making further strides towards $2,500 per tonne. A fresh cancelation of 7,800 tonnes kept price action elevated...Read More
Not only should we still see higher silver prices in the days ahead, but gold & silver are expected to move sharply higher once this happens...by Captain Ewave of CaptainEwaveEmail: [email protected]Website: www.captainewave.comGOLD:Short Term Update: In the overnight session we have moved higher again and have reached a high of 1294.30! Within wave .iii. we continue to work on our first...Read More
This chart looks at the US Dollar, reflecting that it has spent the majority of the past 14-years inside of rising channel (1).Over the past 3-years, King Dollar could be creating a series of lower highs and lower lows inside of falling channel (2). It hit the top of the channel a few weeks back, near the top of the new falling channel and some selling pressure has taken place.The weakness in King...Read More
Auryn Resources (TSX: AUG) announced today that it has identified a significant zone of oxide copper mineralization over a 1.2-kilometer strike length and 500-meter width at the Milpoc prospect. This is about 12 kilometers south of the company's 120,000-hectare Sombrero copper-gold property, which is located in southern Peru in the Andahuaylas-Yauri belt.According to Auryn, Sombrero is characteriz...Read More
Pancontinental Resources (TSXV: PUC) announced today it has started a diamond drill program on its nickel-cobalt-copper Montcalm project, located 65 kilometres northwest of Timmins in the eastern Canadian province of Ontario.The 3,780-hectares project sits within the Montcalm Gabbro Complex in the Montcalm Greenstone Belt. It is contiguous to and surrounds the western, northwestern and southwester...Read More
Fastmarkets proposes to discontinue its weekly aluminium premium assessments for aluminium P1020A fob Singapore and aluminium P1020A fob Malaysia. The proposal is based on market feedback that these markets see limited liquidity on an fob basis, with some sources noting that market participants in this region use premiums on an fca basis or in-warehouse warrants instead as a pricing reference. Sub...Read More
The Turkish steel mills went quiet in the deep-sea scrap markets at the beginning of this week with the market digesting the news of purchases that were heard at the end of last week, sources said on Monday January 7.A steel producer in the Iskenderun region booked a US cargo on January 4, comprising 33,000 tonnes of HMS 1&2 (80:20) at $280 per tonne, 3,000 tonnes of shredded at $285 per tonne and...Read More
Here are five Fastmarkets MB stories you might have missed on Monday January 7 that are worth another look.A resolution of disapproval introduced by United States Senate Democratic Leader Chuck Schumer on Friday January 4 opens the door to sanctions remaining in place against Russian aluminium producer UC Rusal, although some trade lawyers and analysts said those efforts might be in vain.Alum...Read More
Alumina and aluminium trader Alexander Bullett has left Singapore trading house Noble, Fastmarkets learned. Bullett was with the company for nearly six years and...Read More
Fastmarkets proposes to discontinue its premium assessments for special high grade (SHG) zinc basis in-warehouse Singapore and Malaysia. The proposal is based on market feedback that there is limited use for these premiums as reference prices, with the majority of market participants basing their business on Singapore and Malaysia premiums on a fca basis. Therefore, Fastmarkets intends to disconti...Read More
Fastmarkets proposes to discontinue three European lead premiums and invites market feedback in a one-month consultation. Fastmarkets has noted a significant lack of liquidity in the three European lead premium markets it assesses, which has led to insufficient data contribution to support the representativeness of it prices. On top of lackluster spot trading interest, the representativeness of st...Read More
RAPAPORT... Tiffany & Co., Forevermark and Le Vian were among thebrands celebrities wore at Sunday's Golden Globes awards, with Lady Gaga's opulent display of diamonds stealing the show.Lady Gaga stepped onto the red carpet sporting a Tiffany necklacefeaturing more than 300 diamonds, including a pear radiant-cut, 20-carat centerstone. She also wore Tiffany diamond-cluster earrings, and three T...Read More
SANTIAGO - Chile's environmental regulator on Monday approved a $25 million compliance plan by top lithium producer SQM SA, ending a multi-year investigation by Chilean authorities that found the miner had overdrawn lithium-rich brine from the Atacama salt flat.The 18-month remediation plan includes a new online system to monitor SQM's extraction rates of both brine and fresh water from beneath th...Read More
Israel-focused precious stones junior Shefa Yamim (LON, TLV:SEFA) announced Monday a scientific discovery that may make its gemstones more valuable than they've ever been, as researches have confirmed the presence of a new mineral inside them.According to an article published in the journal Minerals last month, the new mineral - named Carmeltazite, after Mount Carmel in northern Israel - contai...Read More
RAPAPORT... Israel's polished-diamond exports showed signs ofstabilizing in 2018 after three years of heavier declines, according togovernment data.Shipments slipped 2.5% to $4.48 billion for the year, thenation's Ministry of Economy and Industry reported Sunday. That compares withdrops of 20%, 6% and 4% in 2015, 2016 and 2017, respectively, Rapaport recordsshow. "Following a few years of...crisis...Read More
Comex copper prices turned modestly lower in the United States on Monday January 7 with a lack of market news and evolving macroeconomic worries. The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.35 cents to $2.6440 per lb. Trade talks between China and the US have seen minimal progress over the past few weeks and the lack of resolution is cas...Read More
RAPAPORT... The All India Gem and Jewellery Domestic Council (GJC)has elected Anantha Padmanaban as chairman for a two-year term. The organization, which represents India's domesticjewelry industry, chose Shaankar Sen to be its vice chairman. The electronicelection took place last week. The GJC changed its name from the All India Gem andJewellery Trade Federation (GJF) last year. The move reflecte...Read More
On Monday January 7, Fastmarkets MB published an incorrect figure for the Shanghai-London physical arbitrage calculation for copper.The price was published in the price book as -$65.70 per tonne (-451 yuan) on Monday January 7, when it should have been -$64.54 per tonne (-443.04 yuan).Fastmarkets MB's price book and database have been updated to reflect this correction. Fastmarkets MB calcula...Read More
(IDEX Online) - Diamond broker and consultant Bonas will hold a tender of exceptional polished colored gemstones from February 18 to 22 in Bangkok to coincide with next month's Bangkok Gems & Jewelry Fair (BGJF). The event is being organized with the support of the Asia Gem Center and will take place at the Jewelry Trade Center in Bangkok. The tender will feature approximat...Read More