Both new households and new businesses are in secular decline. Goosing the stock market and GDP doesn't change this reality.Continue...Read More
Following the gender session held this at this year's PDAC, where gender balance in the industry and the #MeTooMining initiative were discussed, the Responsible Mining Foundation issued a summary report related to the topic.The summary is based on a chapter of RMF's 2018 Responsible Mining Index and it presents an assessment on the performance of 30 of the most important mining companies in the wo...Read More
"All these people were stranded, unable to enter the United States, without a home or livelihood...The Catholic Church hosts thousands of them in hotels within the dioceses or Continue...Read More
The Argentinian Chamber of Mining Entrepreneurs issued a report this week stating that it expects mining industry investments to reach $29 billion and employ about 80,000 people in 2019.According to the group, the mining sector is experiencing continued growth and has become the sixth most important sector when it comes to exports."At the Chamber we work day in and day out to create synergies with...Read More
Bart Chilton, arguably the most famous CFTC commissioner who on various occasions vowed to crack down (unsuccessfully) on precious metals and VIX manipulation, who called for Continue...Read More
Continue...Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund manager...Read More
Steel production has stopped at the Algerian steel mill of Turkish steelmaker Tosyali after a workers' strike began on Wednesday April 24, according to local newspaper reports. Tosyali could not be reached for comment at the time of publication. "Production at Tosyali has stopped, and in the past two or three days, we have seen increased Algerian interest for wire rod imports from Italy and Spain,...Read More
After an interesting week and to allow more focus on charting the miners this weekend, we again offload much of the NFTRH Precious Metals segment’s content to the public site. The following is (hopefully) going to be long on charts and relatively short on words (sighs of relief palpable…).HUI/Gold Ratio is intact to its higher lows from September. This was a logical bounce point for g...Read More
If the United States places import tariffs on cars produced in Germany it could trigger an economic slowdown in Germany, corporate audit director of Czech steel distributor Ferona, Jan Moravec, said at Eurometal's Regional Meeting in Central Europe held in Prague on April 25.One of the major risks to the German steel industry is the import tariffs in the United States, Moravec said.Tariffs on impo...Read More
Tata Steel aims to produce 32 million tonnes per year of crude steel at its Indian operations by 2025, the company said.The 2025 capacity target in India would constitute the entirety of the steelmakers' global crude capacity following the planned divestment of operations in Asia and a planned joint venture of European flat steel operations with Germany's ThyssenKrupp.Of the Indian steelmaker's cu...Read More
Billet producers from the Commonwealth of Independent States (CIS) reduced their prices in the week ended Friday April 26 to attract buyers, and this affected the markets in most regions.But producers in other regions, such as Turkey, were not able to follow this tactic due to the strong prices in their regions for scrap raw materials.For example, Fastmarkets' daily ferrous scrap index for Norther...Read More
Here are five Fastmarkets MB stories you might have missed on Friday April 26 that are worth another look.The United States-Mexico-Canada Agreement (USMCA) is doomed unless President Donald Trump's administration removes Section 232 tariffs - and the threat of quotas - from steel and aluminium imported from the United States' neighbors, two trade experts said.Warrant traders are reporting an uptic...Read More
Two months ago Gold Miners ETF GDX created its first bearish reversal pattern (bearish wick) while testing falling resistance. A couple of weeks later it created another bearish reversal pattern (Bearish wick) and then selling pressure took over and GDX fell 10% quickly.The decline of late now has GDX testing rising support, where GDX created a bullish reversal pattern (Bullish wick) to close out...Read More
Following the gender session held this at this year's PDAC, where gender balance in the industry and the #MeTooMining initiative were discussed, the Responsible Mining Foundation issued a summary report related to the topic.The summary is based on a chapter of RMF's 2018 Responsible Mining Index and it presents an assessment on the performance of 30 of the most important mining companies in the wo...Read More
The Argentinian Chamber of Mining Entrepreneurs issued a report this week stating that it expects mining industry investments to reach $29 billion and employ about 80,000 people in 2019.According to the group, the mining sector is experiencing continued growth and has become the sixth most important sector when it comes to exports."At the Chamber we work day in and day out to create synergies with...Read More
Here are five Fastmarkets MB stories you might have missed on Friday April 26 that are worth another look.The United States-Mexico-Canada Agreement (USMCA) is doomed unless President Donald Trump's administration removes Section 232 tariffs - and the threat of quotas - from steel and aluminium imported from the United States' neighbors, two trade experts said.Warrant traders are reporting an uptic...Read More
RAPAPORT... Belgium saw a decline in its imports and exports of rough diamondsin the first quarter, as mining companies' sales dropped.Shipments into thecountry slid 33% to $2.09 billion for the period, reflecting a 38% slump inrough sales at Alrosa, for which Belgium is the biggest market. De Beers'revenues also fell 19% at its first two sales cycles of 2019, which tookplace during the quart...Read More
RAPAPORT... The Diamond Development Initiative (DDI) has unveiled theMaendeleo Diamond Standards (MDS), a program that helps artisanal miners receive certification showing their diamonds are conflict-free. The system, named after the Swahili word for development,was created together with various stakeholders. Those include government entities,local civil-society organizations, and artisanal and sm...Read More
The opaque diamond trade may be ripe for disruption.Lucara Diamond, which recently found the second-largest diamond in history in Botswana, is taking on industry giants such as De Beers and Alrosa PJSC with an online platform to replace the current physical auctions.The service allows Lucara to match buyers' requirements, not only saving jewelers the trouble of traveling to Botswana but also endin...Read More
RAPAPORT... De Beers is broadening a pilot project aimed at creating a secure and transparent route to market for artisanally mined diamonds with ethical sourcing. The miner introduced GemFair in April 2018 in Sierra Leone, whereit worked with 16 mine sites to improve ethical standards and workingconditions for miners, while enabling them to sell roughthrough De Beers' main distribution channel....Read More