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
MineHub Technologies and IBM (NYSE: IBM) today announced a collaboration to use blockchain technology to help improve operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain - from mine to end buyer.Goldcorp Inc. (TSX: G), ING Bank (NASD: ING), Kutcho Copper Corp. (TSXV: KC), Ocean Partners USA Inc. and Wheaton Precious Metals Corp. (T...Read More
ATAC Resources of Vancouver has received the final assays from the 2018 exploration program at the Rau project. Rau is located at the western end of the company's Rackla property 55 km northeast of Keno City.The company says its exploration program points toward multiple intrusive related systems on the property - of which the Rackla Pluton is only one. Intrusive polymetallic mineralization has be...Read More
Poland's copper producer KGHM expects an average copper price this year at $6,100-$6,300 per tonne, the company's Chief Executive Marcin Chludzinski said on Wednesday."We refer to lower end of copper price range forecast by analysts and we assume an average copper price at $6,100-$6,300 per tonne. I think this is realistic, today the price has neared $6,000," Chludzinski told Reuters.(Reporting by...Read More
Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, is seeking to oust the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, wants to replace eight of the board's 10 members with its own nominees and, as part of its plan, wants former Nevsun Resources CEO, Peter Kukielski, to lead th...Read More
Precipitate Gold (TSXV: PRG) and Everton Resources signed the final papers through which Precipitate acquired ownership of all of Everton's Dominican Republic exploration concessions, consisting of Pueblo Grande project, adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine, and the Ponton project, located 30 kilometres east of Pueblo Grande."We are pleased to have completed our due dili...Read More
Chile's nuclear watchdog CCHEN is considering an investigation into potential fraud after an audit found that the agency for decades failed to properly record exports of ultralight battery metal lithium, documents obtained by Reuters show.The internal review found "significant errors" in CCHEN's accounting of the sales of the world's top lithium producers Albemarle Corp and SQM (SQM_pb.SN) between...Read More
Domestic prices for steel beams in Europe edged down on January 16, with the market beginning to show signs of weakness, sources told Fastmarkets.Fastmarkets MB's weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe fell by ?,?5 to ?,?620-640 ($709-723) per tonne delivered on January 16, down from ?,?620-645 per tonne on January 9."We expect lower prices...Read More
European prices for mesh-quality wire rod fell across the continent on Wednesday January 16, with offer prices slipping down while the market has been quiet in the first half of January.Fastmarkets MB's weekly domestic price assessment for mesh-quality wire rod in Northern Europe dipped to ?,?530-550 ($606-629) per tonne delivered on Wednesday, from ?,?540-560 per tonne a week previously. It's&nbs...Read More
Recent tightness in the spread of nickel prices should not be viewed as being driven by fundamentals, market participants said on Wednesday January 16, with falling physical nickel premiums representative of a well-supplied market.The London Metal Exchange's cash/three-month nickel price spread closed at a $9 per tonne contango on January 15, the tightest since May 2014 and down from $84 per tonne...Read More
Zinc's three-month price on the London Metal Exchange gained support at the close of trading on Wednesday January 16, with the rest of the complex following the upward trend amid a softer US dollar index and stable performances in US equity markets. Closing just below its nearby support level of $2,500 per tonne, zinc futures remain on the uptrend while total LME inventory continues to fall. On-wa...Read More
Global zinc and lead premiums were stable over the past week with Asian markets beginning to hold back from conducting business ahead of the Lunar New Year holiday in early February. China's import appetite was low with only some deals for bonded-warehouse cargoes European zinc premiums flat although backwardation largely easing off US market quiet once again Southeast Asian lea...Read More
Comex copper prices increased on Wednesday morning in the United States amid positive tailwinds from the Chinese stimulus news.Comex copper prices increased Wednesday morning in the US amid positive tailwinds from the Chinese stimulus news.The copper price for March settlement on the Comex division of the New York Mercantile Exchange climbed 3.10 to $2.6655 per lb.On Tuesday, China signaled its in...Read More
Participants in the European physical aluminium market were offering higher premiums on Wednesday January 16 on renewed concern about whether the United States will remove its sanctions on Russian aluminium producer UC Rusal.US senators moved forward a resolution on January 15 to prevent the US Treasury from removing the sanctions on Rusal, although this resolution could still face a final vote in...Read More
The London Metal Exchange is opening a market consultation period regarding its approach to pre-trade transparency, and has suggested three possible ways to meet the requirements set out by the European Union's MiFID II regulation, it said in a note to members on Tuesday January 15.The LME has a threefold approach to trading, which involves face-to-face trading in the physical ring, LMEselect's el...Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
RAPAPORT... International Jewellery London (IJL) has appointed KatieMorris as its exhibition director. Morris has been working for Reed Exhibitions, the organizerof IJL, since 2010, beginning as head of marketing for the group's London BookFair. She became head of buyer programs for IJL in April. In that role, Morrisincreased international buyer presence at last year's show by 15%, the show o...Read More
RAPAPORT... The World Jewellery Confederation (CIBJO) has released a newguide for the jewelry industry detailing standards and practices for supply-chaindue diligence. The 14-page "Responsible Sourcing Blue Book" provides a setof universal guidelines industry members can follow to help them supportresponsible sourcing and maintain integrity in their supply chain, CIBJO saidMonday. "The phil...Read More
RAPAPORT... Stronger prices for higher-value rough diamonds liftedMountain Province's 2018 sales, as the company sold its entire production for the year. The miner's sales surged79% year on year to $240 million in 2018, according to Rapaport calculations. Sales volumeincreased 64% to 3.3 million carats, with the average selling price up 6% to$74 per carat, it reported Wednesday. Diamond sales...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 16 that are worth another look.European Union member states on Wednesday January 16 voted to support proposed definitive measures in the region's safeguard case into imported steel, the European Commission said.Hebei Steel, China's largest steel mill, cut its monthly purchase price for silico-manganese for a...Read More
RAPAPORT... Jewelers of America (JA) honored retailers, designers andjournalists at Friday's GEM Awards in New York. Stewart Wicht, whoretired as CEO of Rolex Watch USA in December, picked up the LifetimeAchievement accolade in recognition of his contribution to the industry duringhis lengthy career at the company. Tiffany & Co. also received an award forits marketing efforts. The event's 17...Read More