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
(IDEX Online) - Diamond Foundry, the manufacturer of lab-grown diamonds, said it raised its prices by an average of 15% across all channels as of January 1. "After careful monitoring of the market situation over the past months, we see demand increasingly outpacing supply," the firm said in a statement. "This is due to the increase in size and frequency that buyers in the diamond industry a...Read More
(IDEX Online) - Tiffany & Co. plans to share information on a diamond's complete journey through the supply chain - from mine to where it was cut and polished - by 2020 in what the retailer says would be an industry first. The move is part of the firm's aim of telling customers where its diamonds come from in a bid to boost consumer confidence by increasing its business transparenc...Read More
Tiffany & Co. is telling consumers where its diamonds come from as the jeweler tries to become more transparent in a notoriously opaque industry. Its top executive says the change was imperative.“This is a topic that has become more and more relevant for new generations,” Chief Executive Officer Alessandro Bogliolo said in an interview with Bloomberg TV. “This is our duty, as...Read More
The London Metal Exchange has altered its fee-cap structure to accommodate position transfers related to the United Kingdom's impending exit from the European Union (Brexit), in line with the requirements of its membership base, according to a note released to members on Tuesday January 8.Previously, the LME's position transfers, which are a common feature in exchange-traded derivatives markets an...Read More
RAPAPORT... Diamond Foundry is increasing its production more than tenfoldand raising wholesale prices 15%, as it predicts an uptick in demand forlab-grown diamonds. The company believes there is a shortage ofsynthetic-diamond supply while consumer interest in the product is rising. Itplans to raise production to at least 1 million carats of rough per year,boosted by a new factory in Washington st...Read More
Zinc came under pressure on the London Metal Exchange in morning trading on Thursday January 10, shrugging off continued market optimism about recent US-China trade talks.The three-month zinc price fell 1.2%, ignoring the continued drawdown of LME inventories - only 109,025 tonnes are now on-warrant. Additionally, the metal's cash/three-month spread remains in a backwardation of $21.50, narrowing...Read More
From 2019, Chinese central government regulators will begin a new round of environmental protection inspections in the country's metals and mining industry, which will take about four years to complete.The affected regions include all 31 provinces - including districts and cities - in China that were included in an earlier round of environmental inspections that took place over the past three year...Read More
Three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Thursday January 10. The exceptions were nickel that was up by 0.4% and lead that was up by 0.6%. The three-month copper price was up by 0.1% at $5,972 per tonne, with the high so far on Thursday being $5,985.50 per tonne.Volume across the complex has been average with 5,342 lots traded...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday January 10* Copper -$77.45 (-527.14 yuan) Aluminium -$344.77 (-2,346.49 yuan) Zinc $50.42 (343.19 yuan) Nickel -$222.29 (-1,512.88 yuan) *Fastmarkets MB calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Trade log for nickel sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets MB pricesClick here for Fastmarkets MB's price assessment for...Read More
Prices for imported flat-rolled steel into the United States are falling amid questions about whether the market has bottomed or might see further declines.Hot-rolledFastmarkets AMM's price assessment for imported hot-rolled coil slipped to $650-700 per short ton ($32.50-35 per hundredweight) on Wednesday January 9 from $660-720 per ton previously.That range represents offers for material fro...Read More
Turkish billet prices in the domestic and import markets have gone down over the past week due to limited demand and weakening finished-steel values in the country's export market, sources said on Thursday January 10.Fastmarkets' weekly price assessment for billet imported into Turkey was $400-413 per tonne cfr on January 10, down from $405-425 per tonne last week.There was...Read More
RAPAPORT... Retail sales of jewelry and other luxury items in Hong Kongdeclined for the first time in 17 months as global economic uncertainties impacted consumer sentiment.Revenues from jewelry, watches, clocks and other valuablegifts dropped 3.9% to HKD 5.88 billion ($750.8 million) in November, themunicipality's Census and Statistics Department reported Thursday. Sales in allretail categories i...Read More
RAPAPORT... The Diamond Producers Association (DPA) has appointed former VanCleef & Arpels marketing executive Kristina Buckley Kayel as managingdirector for North America. Buckley Kayel will be in charge of developing andimplementing the DPA's consumer-marketing and communications strategy,beginning February 4, the organization said Thursday. Reporting to CEOJean-Marc Lieberherr, she will foc...Read More
Steel billet import prices into Egypt fell this week with lower offers, while local rebar prices remained unchanged, sources said on Thursday January 10.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $425-430 per tonne cfr on Thursday, falling from $435-440 per tonne cfr.Billet producers from the Commonwealth of Independent...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBilletCIS, export, billet, offered...Read More
Argentinian carmakers produced 20,475 vehicles in December, according to figures recently published by local manufacturers' association Adefa. Output was down by 38.50% from 33,280 units in the corresponding month of 2017.The output numbers in the Southern Hemisphere country decreased "as a result of the anticipation of summer holidays and the conditioning of plants for the execution of new invest...Read More
Some of China's domestic hot-rolled coil exporters have started to lower their offers unofficially after days of sparse trading with the aim of stimulating sales.DomesticEastern China (Shanghai): 3,640-3,650 yuan ($533-534) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,620-3,630 yuan per tonne, unchangedPrices in Shanghai dipped on Thursday January 10, with a source there telling Fa...Read More
Kyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalIn releasing its December quarter production results yesterday, the miner said it had exceeded its updated gold guidance, while copper production was in line with forecasts.Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe wire service quoted Collahuasi CEO Jorge Gómez telling reporters at an event in Santiago that it was seeking synergies with operations in the Tarapaca area, including sharing pipe and power lines and potentially desalinated water as water shortages were becoming an issue."It does not make much sense that two companies so...Read More