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
Major Russian steelmaker Severstal recorded a spike in its sales of hot-rolled coil (HRC) to the EU in 2018, achieved by redirecting volumes that would otherwise have gone to other outlets, the company said on Friday January 18.In 2018, Seversal sold to the EU 1.5 million tonnes of HRC, the company told Fastmarkets. That was a 305% increase over the 370,000 tonnes of HRC exported to the same regio...Read More
If diamond miner equities are a proxy, the sentiment surrounding the diamond industry is currently at historic low levels. Just in the last two years, a basket of diamond producer stocks was down 28.9% in 2018, following a decline of 17.3% in 2017 (see Figure 1 below). This is in part due to idiosyncratic operational challenges that most all of the miners are dealing with in one way or another, ho...Read More
RAPAPORT... Three industry members have found homes in executivepositions at Jewelers' Security Alliance (JSA), Jewelers Mutual Insurance Group and RoyalAsscher. Steven Kaiser was elected chairperson of the JSA board,replacing Stewart Wicht, the recently retired CEO of Rolex Watch USA, whocompleted his term. Kaiser will serve a three-year term alongside other boardmembers, including Alan Zimmer o...Read More
Following the reopening of its offices in New York last year and the announcement of growing sales in the US, Alrosa (MCX:ALRS) decided to recruit an experienced female executive to lead operations in American territory. Rebecca Foerster, former Vice President of Strategic Planning and Marketing at Leo Schachter Diamonds, was appointed President Alrosa USA Inc.Besides her previous position, which...Read More
(IDEX Online) - ALROSA raised total revenue of $463 million last year at the 32 international auctions it held for special size (over 10.8 carats) rough diamonds. The company traditionally holds auctions in six countries: Russia, Belgium, Israel, Hong Kong, the United Arab Emirates and the United States. The largest number of auctions in 2018 was held in Moscow, with 11, while another four...Read More
The European long steel markets have started 2019 in lethargic fashion, disappointing suppliers that were resolutely raising their offer prices just two months ago in anticipation of strong demand.In November, rebar producers were confident of better prices on higher raw material costs, a forecast of strong demand, and external factors such as critically low water levels in the Rhine river and its...Read More
(IDEX Online) - The Royal Asscher Diamond Company said that Helen Dimmick will be working closely with the Asscher family, Royal Asscher's international marketing team, future retailers and suppliers in order to develop market relevant sales, products and training for UK retail jewelers. "The intention in creating these materials is to bolster retailer confidence, attract customers and inj...Read More
The United Arab Emirates has increased the import duty imposed on rebar to 10%, from the previous 5%, Dubai Customs announced on Wednesday January 16. The duties became effective the following day.The HS codes of the products that now have 10% import duty are: 72131000, 72132000, 7213900, 72139900, 72141010, 72141020, 72141090, 72142010, 72142010, 72142020, 72142090, 72143010, 72143020, 72143090.M...Read More
(IDEX Online) - Bonas-Couzyn NV and International Mining and Dredging Holdings (Pty) Ltd (IMDH) announced that from February they will be offering IMDH's Namibian marine-mined rough diamonds for sale in Bonas-Couzyn's Antwerp offices. IMDH is involved in offshore exploration, dredging and marine mining as well as specialized vessel & tool design. Its Namibian subsidiary, Nutam Operation...Read More
Novolipetsk Steel (NLMK), Russia's largest steelmaker, increased the export sales volumes from its Russian assets in 2018 because of higher demand for steel slabs and pig iron, the company said on Friday January 18.NLMK exported 10.91 million tonnes of semi-finished and finished steel products from its flat and long steel divisions in 2018. This was an increase of 9.1% from the divisions' total ex...Read More
(IDEX Online) - ALROSA has appointed Rebecca Foerster as President ALROSA USA Inc. Previously, she served as Executive Vice President of Strategic Planning and Marketing at New York's Leo Schachter Diamonds, one of the largest diamond suppliers in the United States. Foerster will be involved in all aspects of the work of ALROSA'S USA office in New York. Principally, she wi...Read More
China's hot-rolled coil prices maintained their strength on Monday January 21, particularly those in the export market, amid a drop in supply coupled with an improvement in sentiment.DomesticEastern China (Shanghai): 3,660-3,680 yuan ($540-543) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,630-3,650 yuan per tonne, widening downward by 10 yuan per tonnePrices were largely stable natio...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25Sandfire said it had written to MOD to express its interest in a potential combination, but said any such transaction would be conditional on due diligence and the recommendation of MOD's board.Read More
WITH YOUR HOST, MARK LEIBOVIT SATURDAY, JANUARY 19, 1019SPECIAL GUESTS: DON VIALOUX, HARRY BOXER, HENRY WEINGARTEN AND SINCLAIR NOEhttps://tinyurl.com/yb5328r9 Excerpts from Don Vialoux' comments on Wall Street RawThe bear market rally in North American equity markets continued last week. The current rally has lasted four weeks. During this time the TSX Composite Index added 11.1%, the S&...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Global Ore, 96,000 tonnes of 65%...Read More
Physical iron ore prices continued to advance on Monday January 21 after exceeding $75 per tonne cfr last Friday, following gains in the futures and rebar markets.MB 62% Fe Iron Ore Index: $75.90 per tonne cfr Qingdao, up $0.20 per tonne. MB 62% Fe Pilbara Blend Fines Index: $76.74 per tonne cfr Qingdao, up $0.20 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $77.14 per tonne cfr Qingdao, up $0....Read More
RESOURCEStocks: What do you believe sets Golden Mile Resources apart from other nickel/gold explorers in Western Australia?Lachlan Reynolds: Golden Mile Resources has the advantage of having a suite of strong projects, including both an advanced nickel-cobalt asset and prospective gold exploration properties in sought-after locations. The company is funded to undertake all of its immediate ex...Read More
The gold explorer and development company has accelerated from the initial discovery at Namdini in 2015, to delivering a resource update, maiden reserve, preliminary economic assessment and preliminary feasibility study in the past 12 months alone.Along with strengthening its board with the appointment of ex-Barrick Dr Kenneth G Thomas and former Centamin Egypt director Trevor Schultz, and ga...Read More
Despite weak Chinese gross domestic product (GDP) data that showed fourth quarter 2018 growth of 6.4%, after 6.5% in the prior quarter, the three-month base metals prices on the London Metal Exchange were for the most part holding up relatively well on Monday January 21, with prices just off slightly. The complex posted an average loss of 0.2%, with copper showing the largest reaction; the th...Read More