Iron ore prices fell sharply in the second half of November after climbing through October, with prices for higher-grade material pioneering the decline.Fastmarkets MB daily benchmark for 65% Fe fines dropped by 22% by Monday November 26 after peaking on October 29. The 62% Fe iron ore index declined by 16% over the period, as some Chinese steelmakers started to seek larger volumes of cheaper ores...Read More
The steel scrap sector in the United States still depends on exports to Turkey, a member of the Fastmarkets research team said during the ferrous session at the Bureau of International Recycling (BIR) conference in London.This dependence persists despite the changes in the international markets created by the US' imposition of its Section 232 tariffs on imports of steel products, metals analyst Le...Read More
Seaborne pig iron has become relatively competitive versus ferrous scrap over the past year in most regions, and China is no exception. As the first chart below illustrates, the gap between the MBR's proxy for imported pig iron price in China and the Metal Bulletin's Chinese domestic heavy melt scrap price assessment had shrunk by late 2017. The premium averaged $17 per tonne this year to date, co...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 14 that are worth another look.Chinese imports from the US of products including metals concentrates and non-ferrous and ferrous scrap are eligible for two rounds of applications for exclusion from Chinese tariffs, according to a new policy document seen by Fastmarkets. The document from the Customs Tariff Commission of the...Read More
RAPAPORT... Platinum Guild International (PGI) will offer its new lineof jewelry, Platinum Born, in 30 stores throughout the US, including majorretailer Saks Fifth Avenue. The organization will also expand the selection it offers inthe luxury fashion-jewelry brand, which it launched in four stores in the US last year. Thecollection was created to target the nation's growing number of femalese...Read More
RAPAPORT... BlueRock Diamonds, which owns the Kareevlei mine in South Africa, has sold a 24.98-carat rough diamond for $190,000. The diamond is the largest the company has found from Kareeevlei, signalling potential for other high-value recoveries, chairman Mike Houston said last week. "We continue to make excellent progress implementing our development strategy to increase production and are...Read More
RAPAPORT... US retail sales rebounded in May as the economicand financial outlook stabilized, according to the National Retail Federation(NRF). Total purchase value grew 3.2% year on year, with salesrising in nearly all categories, the trade organization reported last week.Retail sales increased 0.5% over the previous month, after the government revisedits April data. It initially reported a...Read More
Jewelers for Children held its 21st annual Facets of Hope event on June 2, at the Venetian, in Las Vegas. The charity announced that $1.3 million had been raised to support their charity partners in the year ahead, bringing the cumulative total since 1999 to $ 56.7 million that has been donated on behalf of the industry to help children in need. Each year it's amazing how genero...Read More
The Jewelry Industry Summit, a non-profit charitable organization, announced that it is moving its business model to that of a membership-based organization and opening up a range of opportunities for individuals and organizations to align themselves publicly with the vision and goals by becoming a member. The step is in line with its mission to bring the jewelry industry together to advance susta...Read More
The Zimbabwe Independent reported that Alrosa PJSC, the local arm of the Russian diamond mining giant, is yet to finalize its agreement with the Zim government to mine diamonds in the country. Following the government's announcement about Alrosa's arrival five months ago, the company is still to be allocated diamond mining concessions Independent reporter Bridget Mananavire quoted govern...Read More
Mountain Province Diamonds Inc. announced the discovery of a new kimberlite at its Gahcho Ku?? (C) Joint Venture (GKJV) leases. The Wilson kimberlite is located roughly 200 meters east of the Tuzo kimberlite and was discovered during drill testing of geophysical and geological anomalies in the area. The Wilson kimberlite is the first kimberlite to be discovered in the GKJV area in over 20 years, a...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsCanada's highest court has dismissed a First Nation application to overturn earlier judgements by the BC supreme and appeal courts that found against the Tsilhqot'in First Nation's argument the province had breached its duty to consult and accommodate in approving an exploration permit."Getting permission to mine in BC may be diffic...Read More
When most people think of Breckenridge, Colorado they think of a world renowned Ski Resort.BRECKENRIDGE, Colo., June 12, 2019 /PRNewswire-PRWeb/ -- When most people think of Breckenridge, Colorado they think of a world renowned Ski Resort.What most don't know is that the town of BreckenridgeRead full newsRead More
When most people think of Breckenridge, Colorado they think of a world renowned Ski Resort.BRECKENRIDGE, Colo., June 12, 2019 /PRNewswire-PRWeb/ -- When most people think of Breckenridge, Colorado they think of a world renowned Ski Resort.What most don't know is that the town of BreckenridgeRead full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2019) - Crystal Lake Mining Corporation (TSXV: CLM) (OTC PINK: SIOCF) (FSE: SOG-FF) (Read full newsRead More
Gold made gains this week as geopolitical issues continued to concern investors, making precious metals attractive as a safe haven.Read full newsRead More
The gold miners' stocks have surged powerfully over the past few weeks, challenging upleg highs. Traders started returning to this small contrarian sector as gold blasted back above the psychologically-crucial $1300 line. While such early-summer strength is atypical, gold miners' technicals, sentiment, and fundamentals all support more gains to come. Gold stocks need to mean revert to much-higher...Read More
There are two undeniable trends in investing now: big data and big cannabis.Companies like Google, Facebook, and Yext have made fortunes by sifting through and mining our data.Cannabis companies like Canopy Growth and Aurora have returned thousands of percent to investors over the last few years.So, it was only a matter of time before the two sectors came together...That's why I sat down with Ed K...Read More
The gold miners' stocks have surged powerfully over the past few weeks, challenging upleg highs. Traders started returning to this small contrarian sector as gold blasted back above the psychologically-crucial $1300 line. While such early-summer strength is atypical, gold miners' technicals, sentiment, and fundamentals all support more gains to come. Gold stocks need to mean revert to much-higher...Read More
Jun 17, 2019 Guest(s): Karr McCurdy Partner, Rock Elm Capital The junior mining space is experiencing a cash crunch, but this won't stop investors from returning to precious and base metals should miners wide the wave of industrialization, this according to Karr McCurdy, partner at Rock Elm Capital. "I think investors will look at alternative asset classes if they're frustrated with lackluster r...Read More