The latest forecasts from Fastmarkets' team of analysts is ready to view.With nickel prices down by almost 20% over the space of around ten days during late February and early March, one might have been expecting us to be reporting sharply-lower prices of stainless steel, at least for the most common nickel-containing grades of stainless steel.This is not the case, at least in Europe and the Unite...Read More
Look beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon mining"The gold market is perhaps one of the more classic signs of inflationary concerns - this is a play on US ‘real' (...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Why wouldn’t everyone invest in solar? Well, for that reason exactly: it’s an investment. Although it’s praised for its low maintenance costs and long-term savings, it is still a hefty investment in terms of individu...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The outbreak of coronavirus, the oil price crash and the impending global recession present an enormous challenge for energy and natural resources. How are you keeping up with the spread of Covid-19 and its impact on your sector?We&rs...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.To quote Elon Musk, “We are running the most dangerous experiment in history right now, which is to see how much carbon dioxide the atmosphere can handle before there is an environmental catastrophe.” What was once a heate...Read More
London-listed Kazatomprom said on November 12 it has signed term contracts with China National Uranium Company Limited and State Nuclear Uranium Resources Development Company.Read More
RAPAPORT... Brilliant Earth expressed optimism for the holiday season after recording a sharp jump in revenues during the third fiscal quarter.Sales rose 33% year on year to $95.2 million in the three months ending September 30, the US retailer said Friday in its inaugural earnings report as a public company. The total number of orders increased 30% to 28,855, while net profit slipped 51% to...Read More
RAPAPORT... Richemont's jewelry brands continued their recovery in the first fiscal half as shoppers returned in key markets.Jewelry sales across the group jumped 69% year on year to EUR 3.8 billion ($4.35 billion) for the six months ending September 30, the luxury giant reported Friday.Revenue from the company's jewelry maisons - Cartier, Van Cleef & Arpels, and Buccellati - rose 67% to...Read More
RAPAPORT... The personal luxury-goods industry will bounce back in 2021 amid increased spending from the US and China on shoes, leather items and jewelry, according to Bain & Company.Global sales of personal luxury goods will grow 29% year on year to EUR 283 billion ($324.01 billion), the consultancy company said in its Fall 2021 Luxury Report, released last week in conjunction with Altagamma,...Read More
RAPAPORT... Baselworld will not take place this coming spring, as organizer MCH Group feels it needs "more time" to work out what exhibitors and buyers want.The decision followed a pop-up event in Geneva and extensive discussions with manufacturers and retailers, MCH said in a statement Friday. In addition, the Covid-19 situation and resultant uncertainty among customers make it hard to launc...Read More
(IDEX Online) - Zimbabwe has asked the United Nations to help it start selling diamonds again on the international market.There are vast reserves in the Marange diamond fields but ongoing brutality against artisanal miners and allegations of wholesale corruption have resulted in embargoes by the United States and the European Union.Zimbabwe's government is desperate to resume diamond and othe...Read More
(IDEX Online) - Sodiam, Angola's national diamond company, is to offer $20m of rough in a two-week online tender that begins tomorrow (15 November).In June it raised over $56.6m in its third and largest rough auction.This latest tender will include six exceptional single stones from its Lulo mine, two of them pinks. There will also be several baskets of single stones from Catoca, the min...Read More
(IDEX Online) - The wife of a jailed bank boss is facing a legal bid to seize her $4.3m jewelry collection.Zamira Hajiyeva, 58, was made the subject of the first Unexplained Wealth Order in Britain in 2018, after an astonishing $21.5m spending spree at the Harrod's department store, in London (pictured).Now the National Crime Agency (NCA) is attempting to seize jewelry she bought there and el...Read More
RAPAPORT... US shoppers received more than two billion out-of-stock messages while searching for holiday gifts online in October, with many of those coming from the jewelry sector, according to Adobe.Supply-chain constraints have disrupted merchandise availability amid a growth in e-commerce demand, Adobe said last week. The number of out-of-stock messages rose 250% compared to January 2020 and 32...Read More
Anticipation is building as Great Bear Resources (TSX: GBR) works feverishly to deliver its first resource estimate in the New Year on the Dixie project in northwestern Ontario - one of the most important Canadian gold discoveries in modern history.Great Bear's flagship property is the 100% owned Dixie project, consisting of 9,140 hectares of contiguous claims extending over 22 kilometres. The pro...Read More
Arrow Minerals Limited (Arrow or the Company) is pleased to report a 6,000m reverse circulation (RC) drilling programme has commenced at the Vranso Project, Burkina Faso.Arrow identified four advanced stage drill-ready prospects within a 20km radius of the Perkoa Zinc Mine (Figure 1 & 2) following a...Read full newsRead More
Inflation is now at the highest level since 1990, but it doesn't stop here said E.B. Tucker, director of Metalla Royalty and author of "Why Gold, Why Now?""6% is only the beginning. It's going to go much higher, it's not transient. None of these people are going to lower prices, this is here to stay," Tucker told David Lin, anchor for Kitco News. Although wages are rising, the pace of growth is st...Read More
Higher yields in the U.S. Treasury notes were a primary factor taking the U.S. dollar higher, which in turn pressured gold to close lower on the day. This is the first instance in which gold has closed lower in the last eight consecutive trading days.10-year Treasury notes started the week with a solid gain of 0.041 basis points, a net gain of 2.59%, with the current yield up and fixed at 1.623%.A...Read More
Well, 2021 was a roller-coaster year for gold.The price of gold kicked off 2021 with a strong start, trading over $1,950 an ounce. But it was a fast downhill slide from there.In the first quarter gold prices shed almost 10%, dipping below $1,700. It was the worst first quarter for gold since 2016. And one of the worst of all time.Then in the second quarter, gold rallied, reaching over $1,900/ounce...Read More
(Kitco News) It is best to avoid U.S. stocks and bonds next year as high valuations and tighter monetary policy fail to support a good investment case, according to strategists at Morgan Stanley."We think that 2022 is really about 'mid to late-cycle' challenges: better growth squaring off against high valuations, tightening policy, rambunctious investor activity and inflation being higher than mos...Read More