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
RAPAPORT... Stornoway Diamond Corporation's sales fell in the finalthree months of last year as weakness in the Indian market dented prices oflower-value rough from its Renard mine in Canada. Fourth-quarter proceeds dropped 35% to CAD 32.1 million($24.2 million), the company reported last week. "While the pricing of higher-quality goods and specialsremains strong, certain categories of lower-qual...Read More
(IDEX Online) - The International Gemological Institute (IGI) will host its first Jewelry Design Course in Antwerp due to continued popularity with students. Being held from March 25-April 5, the course has been held in the past in Shanghai, India and Dubai, with the Antwerp course being the first European location for the program. "Developed to bring out a budding designer's innate...Read More
JOHANNESBURG – Zunaid Moti, who owns chrome businesses in South Africa and Zimbabwe, was released from detention in Germany after being held in Munich since August.Moti has returned to South Africa after an arrest warrant issued by Russia was canceled, according to an emailed statement from his company, the Moti Group.Advertisement“The full exoneration of Moti makes the fact of his det...Read More
Comex copper opened the four-day working week in the United States on weak footing on Tuesday January 22 morning, with the market awaiting clarification on US-China trade talks.The copper price for March settlement on the Comex division of the New York Mercantile Exchange tumbled $5.70 cents to $2.6620 per lb. There is a four-day week in the US this week following a public holiday for Martin...Read More
(IDEX Online) - India's Gem & Jewellery Export Promotion Council (GJEPC), organized an India Pavilion at the Vicenzaoro Winter show which ends tomorrow, with a total of 355 sq m housing 19 exhibitors showcasing jewelry and loose stones. Pramod Kumar Agrawal, Chairman, GJEPC, said, "India's total exports of gems and jewelry to Europe accounted for $3.94 billion in 2018. Europe has b...Read More
Quebec’s diamond miner, Stornoway, produced 1.32-million carats from the processing of 2.33-million tonnes of ore in the 2018 financial year, missing its guidance of recovering at least 1.35-million carats from the processing of 2.5-million tonnes of ore.In its fourth-quarter and 2018 production and sales results announcement, the TSX-V-listed company said on Wednesday that lower tonnages we...Read More
Fastmarkets MB has today discontinued four weekly tin spot premium assessments in Rotterdam, Singapore and Shanghai due to a lack of spot liquidity. The decision follows a month-long consultation period which did not receive any feedback. Therefore, Fastmarkets MB has discontinued the 99.85% tin ingot premiums in-warehouse Rotterdam and cif Shanghai and the 99.9% tin ingot premiums for standa...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday January 22 *Copper -$78.00 (-531.99 yuan) Aluminium -$340.59 (-2,322.97 yuan) Zinc -$5.75 (-39.21 yuan) Nickel -$117.40 (-800.74 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Global primary aluminium production totaled 55 million tonnes in December 2018, an increase of 1.8% year on year, according to figures released by the International Aluminium Institute on Monday January 21. Global production for the whole of 2018 is up 1.4% or 937,000 tonnes at 64.3 million tonnes. China, the world's largest aluminium producer, produced 39.5 million tonnes of aluminium betwee...Read More
Arc Resources have hired Romain Wars to replace outgoing Guillaume Taieb as the company's physical refined trader in Europe, Fastmarkets understands.Wars, who spent five and a half years trading refined zinc and copper at Louis Dreyfus Metals and subsequently base metal futures at fund managers Siencyn...Read More
Brazilian steel producers have passed on an increase of 20-25% in flat steel prices to automotive manufacturers in their latest annual contracts, according to Carlos Loureiro, president of national flat steel association Inda.ArcelorMittal, Usiminas and CSN have all passed on the rises to carmakers, sometimes by as much as 25%.An increase of this size had been expected, and...Read More
Flat steel sales volumes from Brazilian distributors dropped by 10.90% year-on-year in December 2018, due to lower international prices and a number of holiday absences during the month.Brazilian flat steel domestic shipments amounted to 169,900 tonnes, compared with 221,100 tonnes in December 2017, according to figures released by national flat steel association Inda on Tuesday January 22.Clients...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletBahrain, export, billet, traded at $440-445 per...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarUAE, domestic (Emirates Steel), rebar, offered at 1,845 dirhams ($502) per tonne ex-works, February...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia were mostly unchanged over the past week, with demand remaining soft, sources said on Tuesday January 22. But import offer prices for hot-dipped galvanized coil have slumped.Demand was subdued because stock levels in the UAE were already high and buyers have not yet started to place bookings in 2019, sources told Fastmarkets.In...Read More
The rebar market in Russia's Central Federal District around Moscow, the major steel-consuming region in the country, remained weak and calm due to seasonally low demand this week.Fastmarkets' weekly assessment of the domestic price for Russian 12mm A500C rebar, including 20% VAT, was 35,000-35,500 roubles ($524-532) per tonne cpt Moscow on Monday December 21, widening downward from 35,500 roubles...Read More
Encouraging...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s publishe...Read More
Prices limping higher rather than rallying ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
Likely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25The three incidents occurred during the December 2018 half, impacting volumes by 4 million tonnes of iron or...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25The enlarged miner, which completed its merger with Randgold Resources on January 1, said it had made detailed proposals to the government about a partnership approach, to provide the state with an improved share in the economics without overburdening the mi...Read More