Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
RAPAPORT... Belgium's polished-diamond exports increased in July, though the growth was gentler than in previous months as the market began to stabilize. Rough trading saw a sharp rise, according to recent data from the Antwerp World Diamond Centre (AWDC), as miners continued to sell large volumes in response to strong demand.Belgium Trade Data for July 2021 Read More
RAPAPORT... Sales at jeweler Chow Sang Sang jumped in the first half of the year as the Hong Kong-based retailer broadened its store network in China and benefited from increased domestic spending."Jewelry and watch sales in all markets...exhibited [a] remarkable recovery," the company said last week. "[The] mainland jewelry retail market showed a rapid return to [the] pre-Covid-19 growth trend. C...Read More
RAPAPORT... A new company created by the founder of RDI Diamonds has received government approval to manufacture rough produced in Canada's Northwest Territories.Diamonds de Canada, set to open this fall, will provide jobs and training for local residents of the arctic region, the Government of the Northwest Territories (GNWT) said last week. The decision will help ensure that manufacturing a...Read More
(IDEX Online) - The Natural Diamond Council (NDC) is targeting consumers with a series of nine ads highlighting the industry's commitment to sustainability.The omnichannel campaign, called Thank You, By the Way, is supported by the Responsible Jewellery Council (RJC).It focuses on socioeconomic and community benefits, and carry tag lines such as:"Your natural diamond helps provide access to h...Read More
(IDEX Online) - A 24.45-carat heart-shaped diamond fetched just over $2m in an online auction by Christie's.The Type IIa stone was graded by GIA as D color, internally flawless, excellent polish and symmetry.It was set in a platinum pendant necklace with a 1.37-carat, D-color, internally flawless pear-shaped stone.The piece, headlining the Summer Sparkle sale, sold for $2.01m. Its pre-s...Read More
(IDEX Online) - Lightbox is to sell bigger lab grown diamonds - up to two carats - at the same flat rate of $800 per carat.It is also introducing a premium lab grown range, called Finest, of stones guaranteed to be VVS clarity, colorless D, E, F with an excellent cut.Both moves suggest the De Beers company sees increasing potential in the lab grown sector.Last November it opened a $94m factory nea...Read More
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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES VANCOUVER, British Columbia, Aug. 19, 2021 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9/U.S.OTC:ASGOF) ("Asante" or theRead full newsRead More
Looking for top TSX stocks trading at 52-week lows?These days, they’re not that easy to find. With markets setting record highs almost every day, the number of bargain bin stocks has been dwindling. In March of 2020, there was a good chance that almost any stock you looked at was close to 52-week lows. Today, the chances are much less… to put it mildly.Nevertheless, there are TSX stoc...Read More
Momentum stocks are those that tend to continue to rise or fall for a reasonably long period. Here, we will look at TSX stocks that might keep their upward momentum and beat the broader markets.NuveiNuvei’s (TSX:NVEI) growth story gained traction this year, thanks to its strategic acquisitions and strong revenue growth. The stock is up more than 140% so far in 2020. But, unsurprisingly, such...Read More
Here are five Fastmarkets stories you might have missed on Monday August 30 that are worth another look.Spot prices for steel rebar imports into Singapore continued their downward trend in the week to August 30 amid growing pressure on traders to slash offers due to unsold seaborne cargoes fast approaching the island state.Read More
Brazilian aluminium producer Companhia Brasileira de Alum?-nio (CBA) acquired a 49% stake in two wind power generation assets from a joint venture by sister company Votorantim Energia and the Canada Pension Plan Investment Board (CPP Investments) for 59.56 million Reais ($11.4 million), the company said on Monday August 30.The two units are a part of the Ventos do Piau?- I and II complex, located...Read More
Chilean copper producer Codelco signed early labor deals valid until October 2024 with two trade unions representing workers at its El Teniente division, the state-owned company said on Saturday August 28.Unions representing workers at El Teniente mine and the Caletones smelter joined the No5 union at El Teniente, which had signed a deal a week prior, Codelco said. Existing labor contracts were du...Read More
Jack ChanPosted Aug 30, 2021Gold sector as represented by $HUI is now on amajor SELL 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. Speculation is in bear market values.Speculation in bear market values. Our ratio is on SELL signal.The cup with handle bull...Read More
The indices closed up 0.4% and 0.9% respectively to 4,528.79 and 15,265.89 points.In Toronto, shares in takeover target Noront Resources (TSXV: NOT) shot up 28.3% to a fresh high of C77c on a new bid from Andrew Forrest's Wyloo Metals.Wyloo is now offering 70c per share, a 27% premium to BHP's 55c offer, which Noront had recommended over Wyloo's initial bid of 31.5c made in May.Noront is yet to re...Read More
Chilean copper producer Codelco signed early labor deals valid until October 2024 with two trade unions representing workers at its El Teniente division, the state-owned company said on Saturday August 28.Unions representing workers at El Teniente mine and the Caletones smelter joined the No5 union at El Teniente, which had signed a deal a week prior, Codelco said. Existing labor contracts were du...Read More