Seaborne iron ore prices were up on Wednesday October 28 amid an uptrend in the futures market, which was prompted by low steel reinforcing bar (rebar) inventories, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $116.87 per tonne, up $1.74 per tonne62% Fe low-alumina fines, cfr Qingdao: $117.10 per tonne, up $1.09 per tonne58% Fe fines high-grade premium, cfr Qing...Read More

Citibank was up to something last week when they posted a MASSIVELY BULLISH call on Silver prices before the end of the year. And NOW WE SEE WHY!by Bix Weir of Road to RootaI warned you that Citibank was up to something last week when they posted a MASSIVELY BULLISH call on Silver prices before the end of the year...AND NOW WE SEE WHY WITH SILVER BEING SLAMMED DOWN MORE THAN 5%! Don't you wish we...Read More

It looks like demand for Silver Eagles hasn't subsided... by Steve St Angelo of SRSrocco ReportIt looks like demand for Silver Eagles hasn't subsided as the U.S. Mint sold nearly another million since last week. Total Silver Eagle sales for October have now surpassed September, and there are still three more days remaining in the month. Not only are October Silver Eagle sales higher than the...Read More

The London Metal Exchange three-month nickel price made significant gains in the morning session on Wednesday October 28, rising 2.5% from the previous day's close to hit an intraday high of $16,310 per tonne - a fresh year-to-date high. LME nickel futures bucked the complex's current sideways trading trend, in which most metals continue to wax and wane in line with the US equities markets, on Wed...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Approaching the end of the calendar year, steelmakers and consumers enter a busy period of contract negotiations for supply for 2021 or at least the first quarter or half year.With the sharp increases in spot market steel prices during recent months, steelmakers are understandably looking to take advantage and secure higher c...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for most ferro-alloys maintained their upward momentum into October, solidifying previous gains and reflecting the improved demand from steelmakers, the rebuilding of depleted inventories, and the supply-side concerns following both planned and unplanned outages. Gains were noted for ferro-silicon, silicon metal, mang...Read More

RAPAPORT... Israel Diamond Exchange (IDE) president Yoram Dvash will not run for a third term, choosing instead to focus on his leadership position at the World Federation of Diamond Bourses (WFDB).Elections for the IDE presidency are due to take place in December, the bourse said Wednesday. Dvash, who has headed the exchange since 2015, became acting president of the WFDB in April, and was e...Read More

RAPAPORT... E-commerce spending in the US is set to "shatter" all previous records for the holidays, according to Adobe Analytics.Sales will rise 33% year on year to $189 billion over the November-to-December period, Adobe predicted in its annual online holiday shopping predictions Wednesday. That figure could rise if the US government distributes another round of stimulus checks, and if the Covid...Read More

RAPAPORT... Gem Diamonds' sales rose sharply in the third quarter as rough prices from its lucrative Let??eng mine in Lesotho topped pre-coronavirus levels amid a recovery in the large-stone market.Revenue grew to $60.5 million in the three months ending September 30, the company said Wednesday - a 67% rise versus the amount it reported for the same period a year ago. The average selling...Read More

RAPAPORT... Dominion Diamond Mines may have to enter liquidation if it fails to find a buyer or investor, chairman Brendan Bell warned in a court filing last week.The company has been seeking restructuring options after its planned sale of the Ekati deposit in Canada collapsed earlier this month, Bell said in an October 23 affidavit. The best outcome would be one that saves the Ekati mine and...Read More

(IDEX Online) - Gem Diamonds reported increased sales after its Letseng mine resumed operations and demand for its diamond improved.The London-based miner was hard hit by the coronavirus pandemic and in September it said revenue had slipped from $93.1m in H1 of 2019 to $69.5m.But today's Q3 2020 trading update shows positive cash flow, revenue of $25.6m and much-reduced debt.It achieved highe...Read More

(IDEX Online)  - Angola, the world's sixth biggest diamond producer, will open its own bourse by the end of next year.Peter Meeus, the industry veteran who oversaw the establishment of Dubai's bourse and served as its president, is acting as consultant for the project.Diamantino Azevedo, the country' minister of mineral resources and petroleum, pledged that the Angola Diamond E...Read More

(IDEX Online)- Almost all jewelry retailers who sell lab-grown diamonds in the US say their margins are better than with mined gems. And more and more consumers are asking for them.Those are among the key findings of Gaining Critical Mass, a study by US-based MVI Marketing LLC (THE MVEye). Almost four out of 10 independent jewelers are sell lab-growns, says the report, and Signet, the biggest...Read More

Domestic prices for hot-dipped galvanized coil in Northern Europe increased in the week to Wednesday October 28, supported by reduced availability of the material in the spot market and strong demand from the automotive sector, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?600-620 ($709-733) per tonne ex-works on October 28,...Read More

An overview of the consumers electronics markets and their latest price moves.Read More

RAPAPORT... Kering's jewelry brands performed well in the third quarter of 2020 amid a recovery in the luxury-goods market in the Asia-Pacific region."Despite their significant exposure to Western Europe and Japan, the jewelry houses held up well," the luxury group said last week.Sales were bolstered by the growth of the group's Boucheron brand in Asia Pacific as demand in the region began to rebo...Read More

Copper miner KAZ Minerals is set to be taken into private ownership after its largest shareholders, including Vladimir Kim, offered $2.47 billion to buy out the rest of the company's stakeholders.The bid of 640 pence ( ?6.40, $8.34) per share is being led by the company's chairman, Oleg Novachuk, and Kim, Kazakhstan's richest man. Kim was a non-executive director and chairman of the company when i...Read More

The three-month nickel price on the LME was weaker at the close of trading on Wednesday October 28, down by more than 1% against spread tightness and selling pressure, in addition to a steady rise in the US dollar index.London Metal Exchange lead futures, meanwhile, bucked the downward trend to end the day as the only positive close. Nickel's outright price on th...Read More

Nickel premiums in all global regions were static in the week to Tuesday October 27 due to a high London nickel price and low arbitrage opportunities. China sees minimal trade with importing incentive still low.  European trade inhibited by higher London Metal Exchange prices and lower contango.  Spot trade subsides in the United States after a burst last week. Wider arb loss limits Chi...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 28.Please click...Read More