The latest forecasts from Fastmarkets' team of analysts are ready to view.Activity in China has picked up, and although the impact from the Covid-19 did not spare the country with its gross domestic product contracting at its largest rate since recording began in the 1990s, the latest crude steel output figures for April from China's National Bureau of Statistics show a strong recovery, albeit sti...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.The first quarter continued the trend of 2019 - for China to actively import relatively cheap metallics and semi-finished steel - but can this be sustained? The answer to this question will come down to the price competitiveness of the products, we believe. One additional incentive to continue to import metallics this year -...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.The recent decline in Chinese scrap prices - to their lowest in a couple of years - even as demand rises, suggests that Chinese scrap supply is increasingly sufficient. In terms of scrap demand, the question is more about price attractiveness. Mini-mills were reducing demand in February, largely because steel margins on scra...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices have fared relatively well over the past couple of months in the face of the threat from the Covid-19 pandemic.In grade-304 material, the most common grade of stainless steel, prices were down by about 5-7% since the turn of the year - not bad, when compared with the falls in prices of other assets so f...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Having first hit Asia during early 2020, the Covid-19 viral outbreak is now having an even bigger impact on European countries and the US. Widespread lockdown measures have been put in place on people and industry, and economic activity has slowed markedly.For now, stainless steel markets in Europe and the US are yet to show...Read More

RAPAPORT... Petra Diamonds is considering whether to hold a rough tender in June after a market slowdown prompted it to cancel its May sale.Prices fell 27% in March and April compared with February as the Covid-19 pandemic reduced business activity throughout the supply chain, the company reported Friday. Having called off the May sale, it is now considering holding a tender in South Africa a...Read More

RAPAPORT... Alrosa has continued its policy of enabling customers to hold off buying its rough diamonds until later in the year, aiming to avoid flooding the market with goods.The flexibility will be in place at the upcoming June contract sale, marking the third consecutive month in which the Russian miner has allowed 100% deferrals. Clients may still purchase remotely if they wish, the compa...Read More

RAPAPORT... Jewelers of America (JA) has announced the winners of its 30th annual CASE Awards for jewelry design, recognizing retail and supply members whose pieces feature creativity, artistry, style and excellence.This year, JA expanded the prizes to include categories specifically for both retailers and suppliers, it said last week. A panel of judges chose the honorees from a group of more than...Read More

RAPAPORT... Christie's plans to relaunch its three live Magnificent Jewels sales during July, with the Geneva event set to feature a 100.58-carat diamond.The modified shield mixed-cut, D-color, type IIa diamond will go under the hammer on July 22 with a price estimate of $3.5 million to $4.5 million. Christie's will also hold its New York Magnificent Jewels auction on July 29, it announced Friday....Read More

(IDEX Online) - India's diamond industry, already reeling from COVID-19, has been dealt another blow, with the introduction of a two per cent online sales tax.   The so-called Equalization Levy will be applied to all sales made by any foreign e-commerce operator - including suppliers of rough or polished diamonds  - to any resident or business in India.   The government is keen...Read More

(IDEX Online) - De Beers aims to hold Sights outside Botswana until travel restrictions brought in to counter COVID-19 are eased. Its third Sight of the year, in March, was canceled and the fourth, in May, was virtually wiped out by travel restrictions. The next is scheduled for 15 to 19 June in Gabarone, the country's capital. But De Beers is in talks with Botswana's government to relo...Read More

Toronto, Ontario--(Newsfile Corp. - May 29, 2020) - FenixOro Gold Corp. (CSE: FENX) is pleased to announce the formal commencement of...Read full newsRead More

Bogoso (W/R), May 29, GNA - Gold Fields Damang Mine has presented Personal Protective Equipment (PPE) worth over $ 108,000 to the Prestea Huni-Valley Municipal Assembly (PHMA) in the Western Region to aid in combating the COVID-19 pandemic. The items donated comprised of 41 non-contact thermometers, 21,450 pairs of gloves, 15, 670 pieces of pocket-size alcoholic-based hand sanitizers, 754 large bo...Read More

Small-scale gold mining using mercury in the Peruvian Amazon threatens the health of communities 100 miles or more downstream, according to new research.Read full newsRead More

TMAC is the third underperforming Canadian gold junior to be acquired in the past few months.Read full newsRead More

Would you like to buy some stocks this month but don’t know what to buy? I’m giving you three suggestions of stocks to buy.Jamieson WellnessYou have probably seen the Jamieson Wellness (TSX:JWEL) brand at the drugstore or have taken Jamieson’s supplements yourself.Founded in 1922, Jamieson is Canada’s leading branded manufacturer, distributor, and marketer of high-quality n...Read More

Drill core from Osisko Mining's Windfall gold project Credit: Major Drilling. On the back of a gold price rally, Osisko Mining (OSK.TO) has announced a C$150-million bought deal private placement, one of the largest such raises in recent years.The company has entered into an agreement with Canaccord Genuity and Eight Capital as co-lead underwriters of a syndicate, which has agreed to purchase,...Read More

"And the best thing, the very best thing of all, is there's time now - all the time I need and all the time I want. Time, time, time. There's time enough at last...." Those were the words of Henry Bemis, the main character in the iconic Twilight Zone episode, "Time Enough at Last".I'm sure most of you are at least somewhat aware of it...In the story, Henry simply wanted the time to read. He had a...Read More

My friends are now asking me about gold stocks. "I saw a video of you talking about Franco Nevada (NYSE: FNV) from February," the text read this week. "Do you still feel that way?"All Franco has done is double from its March lows. And I believe it - and gold prices - are going higher for many reasons that existed before the virus. Reasons that have now been both compounded and exacerbated. I've...Read More

Donlin Gold, Alaska. Image: Novagold Novagold on Monday said it's preparing a full response to a scathing report from J Capital Research that accuses managers of the Vancouver-based explorer of "systematically" misleading investors about its proposed Alaska gold mine over the last 15 years.J Capital, a company founded in China a decade ago which usually targets overvalued media and tech compani...Read More