Here are five Fastmarkets MB stories you might have missed on Friday May 24 that are worth another look.The three-month nickel price on the London Metal Exchange climbed by more than 4% at the close of trading on Friday May 24, soaring beyond $12,300 per tonne amid a slight softening of the dollar index and while investors sought to cover shorts ahead of the next week's bank holiday...Read More
RAPAPORT... Twenty-five undisclosed lab-grown diamonds have turned up atthe Gemological Institute of America (GIA) - including several with a raregreenish color. The GIA's lab in Carlsbad, California, recently received thestones - weighing from 0.46 to 0.52 carats - for grading reports. They allproved to have been created using High Pressure-High Temperature (HPHT), GIA seniorresearch scientist Sa...Read More
RAPAPORT... India's diamond trade is in a fight with authorities overstricter customs enforcement for rough that could have a "disastrous" impact on theindustry.Companies have recently been suspected of giving incorrect values for imports or exports of rough diamonds, a senior official at the Office of the Commissioner of Customs in Mumbai reported in a note on May 4. In most of those cases, the c...Read More
Organizations behind lab-grown diamonds continue to push to conquer the market.As miners of the precious stones are struggling across the board, particularly those unearthing cheaper and smaller gems where there is too much supply, companies producing synthetic diamonds are expanding their reach by incorporating consumer feedback into their manufacturing and commercialization processes.According t...Read More
RAPAPORT... In an era when consumers are more tech-savvy than ever, andonline jewelers are taking business from brick-and-mortar, tools thatenhance the customer experience can help retailers draw customers totheir stores. Many industries have been using 3-D for years to improve consumers' buyingexperience. However, the jewelry retail trade has only recently begun to harnessthe benefits the te...Read More
RAPAPORT... Trans Hex plans to sell nearly 70% of its Namaqualandoperations to the same company that bought its Lower Orange River mines last year. The miner is currently negotiating terms for the sale of the South Africa-based project with Christopher and Nathiera Kimber of KernelResources, who also own Lower Orange River Diamonds. Until the sale is final,Kernel Resources will be responsible...Read More
The request was made in a letter to the China International Big Data Industry Expo.Read full newsRead More
Kamloops, British Columbia--(Newsfile Corp. - May 23, 2019) - Advance Gold Corp. (AAX) (Read full newsRead More
Organizations behind lab-grown diamonds continue to push to conquer the market.As miners of the precious stones are struggling across the board, particularly those unearthing cheaper and smaller gems where there is too much supply, companies producing synthetic diamonds are expanding their reach by incorporating consumer feedback into their manufacturing and commercialization processes.According t...Read More
A magnitude 8.0 earthquake struck northern Peru early Sunday near copper and gold mines, prompting officials to activate emergency protocols.The quake hit at 2:41 a.m. local time, according to the European-Mediterranean Seismological Centre. The U.S. Geological Survey put the epicenter at 75 kilometers (47 miles) south-southeast of the village of Lagunas.Tremors were moderately felt in the capital...Read More
The mid-tier gold miners' stocks in the sweet spot for price-appreciation potential have been struggling in recent months, grinding lower with gold. Their strong early-year momentum has been sapped by recent stock-market euphoria. But gold-mining stocks are more important than ever for prudently diversifying portfolios. The mid-tiers' recently-reported Q1'19 results reveal their fundamentals remai...Read More
Gold miner Kirkland Lake Gold (TSX:KL)(NYSE:KL) has been a on tear, reporting robust results since I first wrote about the miner in May 2017 and gaining a whopping 338% over that period, making it one of the best-performing gold stocks.Strong first-quarter resultsThe latest results from the miner indicate there are further gains ahead for patient investors, despite gold softening in recent weeks....Read More
Wheaton Precious Metals (TSX:WPM)(NYSE:WPM) is an interesting pick for investors seeking a precious metals investment with plenty of growth prospects but little of the risk associated with traditional miners. Here’s what makes Wheaton unique among miners and why this is the precious metals company that should be in your portfolio.Wheaton’s advantage in volatile precious metalsOne of th...Read More
On May 17, investors breathed a collective sigh of relief, as U.S. and Canadian officials announced a tentative agreement on steel tariffs. The deal, in which the U.S. agreed to lift $1.27 billion worth of tariffs on Canadian goods, was hailed as a victory by the Trudeau government, whose officials referred to it as a “win win for everyone involved.” Many Canadian steel workers remain...Read More
Buying shares of a mining company can easily lead to huge returns. If you’re not careful, however, the risks could be as large as any sector of the market.Due diligence is always important, but when looking at mining companies, it’s imperative that you understand what you’re betting on.If you want some help, here are a few hand-picked selections from The Motley Fool team.Teck Res...Read More
The mid-tier gold miners' stocks in the sweet spot for price-appreciation potential have been struggling in recent months, grinding lower with gold. Their strong early-year momentum has been sapped by recent stock-market euphoria. But gold-mining stocks are more important than ever for prudently diversifying portfolios. The mid-tiers' recently-reported Q1'19 results reveal their fundamentals remai...Read More
As trade tensions persist, a potential weapon in China's arsenal has emerged: Access to rare earth metals, a critical component of many technology products. China is the primary source of rare earths for manufacturers around the world. And this week, speculation emerged in the Chinese press that, at the very least, the notion of slapping restrictions on rare earth exports is unde...Read More
Cambodia's Sihanoukville Special Economic Zone is over a thousand miles from China, but you would not know it to be there.Cut into a landscape of thick jungle and paddy fields, the area - which touts itself as a landmark Belt and Road project - is a mass of freshly built white factory buildings emblazoned with names such as Fangyuan Factory, Qingdao Baoli Textile and Jinchenyuan.There runs Kinnric...Read More
Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Monday May 27, with a softer dollar and comments from US President Donald Trump suggesting a trade deal with China was still possible providing broad support to the complex."President Donald Trump on Friday said that Huawei, the Chinese telecommunications network company, was 'very dangerous' but could still b...Read More
The housing market continues show contracting sales volume. April existing home sales fell 0.4% (SAAR - Seasonally Adjusted Annualized Rate) from March and 4.4% from last April. Existing home sales have dropped year-over-year 14 months in a row. This is the worst run since the housing crisis.Obviously from a seasonal standpoint, if the market were healthy, home sales should be increasing month-to-...Read More