Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More

Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More

RAPAPORT... Ralph Vantyghem, the president of Canada's Vantyghem Diamonds, died on October 3 after a three-year battle with kidney cancer, according to a statement by his family. He was 72.Vantyghem and his wife, Arlette, grew up in Belgium, and later moved to Canada. In 1973, they founded Vantyghem Diamonds, an importer and wholesaler of loose stones, which expanded nationwide."He placed muc...Read More

RAPAPORT... Dominion Diamond Mines' sale of Ekati is off the table after the buyer failed to agree on an arrangement with insurers to cover future costs of the site.Affiliates of the Washington Companies, Dominion's owner, were due to acquire the Canada-located diamond mine for $126 million. However, talks between the purchaser and three issuers of surety bonds - Aviva Insurance Company of Ca...Read More

RAPAPORT... Alrosa's sales rose for a second consecutive month in September as manufacturers returned to buying following a lengthy period of inactivity.Revenue from diamonds grew 30% year on year to $336 million, with rough sales up 28% to $328.2 million, the Russian miner reported Friday. Polished sales increased to $7.8 million from $2.2 million, reflecting the company's acquisition of dia...Read More

RAPAPORT... Shares in Pandora jumped 17% Friday after a surge in online sales and the reopening of most of its stores led the company to lift its guidance for the full year.The Danish jeweler now expects revenue for the year to decline between 14% and 17%, compared to a drop of 14% to 20%, it said last week. Approximately 90% of Pandora's stores were open during the third quarter, with another 5%...Read More

(IDEX Online) - Pandora has updated its financial guidance after re-opening more stores than expected, and reporting surprisingly brisk trade despite the pandemic.The Denmark-based jewelry chain also said online sales had rocketed by 89 per cent.It is now predicting slightly more encouraging organic growth for 2020 - down between 14 and 17 per cent, compared with previous guidance of between 14 an...Read More

(IDEX Online) - The world's first hackathon for the gem and jewelry world is to take place later this month.It's a two-day team event aimed at finding new and disruptive solutions to unique and complex issues in the industry.GemHack 2020 takes place over the weekend of 24 and 25 October, with participants competing remotely for cash prizes.Hackathons bring together computer programmers a...Read More

(IDEX Online) - Alrosa's rough and polished sales bounced back to pre-Covid levels in September, as demand recovered.The Russian miner reported totals sales of $336m, up almost a quarter (23 per cent) on the same month last year ($258.7m). It again offered discounts and other incentives to buyers.Sales for September 2020 were the highest since February, ($346m) before widespread lockdowns and...Read More

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It’s been an unusual start to the week — but then, what’s usual about this year? Still, to see cannabis stocks and gold stocks going up at the same time gives some insight into the nature of this market. Let’s take at look at this very unusual Canadian Thanksgiving market snapshot and see what it might be able to tell us about the rest of the year ahead.Which stocks are goi...Read More

Oct 12, 2020 Guest(s): Chantelle Schieven Research Head, Murenbeeld & Co. The silver market has seen some spectacular volatility this year as market expectations shift back and forth between deflation and inflation risks. One market analyst said that silver investors need to be patient as the market could see some significant buying momentum next year. In an interview with Kitco News, Chantelle...Read More

Whenever Warren Buffett speaks, it pays ample dividends to listen up. And whenever the man buys a stock, investors should take the move as a macro hint as to where the biggest opportunities may lie at any given instance. The man we know as the Oracle of Omaha may be 90 years of age. However, he’s still as patient as ever and is willing to hang onto an undervalued investment until Mr. Market...Read More

Investing in 2020 has taught us several lessons. It has shown us the fickle nature of the stock market after the unprecedented sell-off witnessed in March 2020. The S&P 500 Composite Index and the TSX lost close to 36% in just over a month. However, soon after, investors also witnessed the strongest rebound from bear market lows over the next six months.While it is impossible to time the marke...Read More

The quick recovery in equities despite the coronavirus’s continued spread led many to believe that stock markets could crash again. The argument might hold given the uncertainty and a resurgent virus in the background. However, the significant amount of liquidity poured into the economy through massive stimulus packages and the gradual recovery in demand suggests otherwise. While the tr...Read More

Oct 12, 2020 Guest(s): Lyn Alden Founder, Lyn Alden Investment Strategy While the the unemployment rate has skyrocketed in the wake of this year's recession, equally concerning for economic growth is the long-term trend of the declining labor force participation rate, or the percentage of people able to work that is in the workforce or looking for employment, said Lyn Alden, founder of Lyn Alden...Read More

Here are five Fastmarkets stories you might have missed on Monday October 12 that are worth another look.German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on October 12.Aluminium...Read More

The three-month prices for zinc and lead on the London Metal Exchange were the standout performers at the close of trading on Monday October 12, with the prices of both metals climbing by just over 1% at settlement.Meanwhile, selling pressure for LME copper saw its underlying price edge lower, while forward spreads swung back into contango.Zinc's outright price on the LME closed at $2,440 per tonn...Read More

Jack ChanPosted Oct 12, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.Our ratio is back on BUY signal.USD is back on SELL signal.The bounce is over, looking for a test of the recent low, and per...Read More

The wait time for aluminium to be delivered from Istim's London Metal Exchange-registered warehouses in Port Klang, Malaysia was still over two months at the end of September, according to the latest LME queue report, and market participants believe it has grown even longer since the start of October. The queue was 61 days for aluminium on the last day of September, according to data released on M...Read More