Look beyond market approach to project valuations: van ZylLeadershipNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsIron ore futures in Singapore dropped 7.2% to US$93.05 a tonne, Bloomberg reported."Copper, nickel and aluminium fell al...Read More
Zinc's three-month price on the London Metal Exchange on Wednesday November 3 touched its lowest since October 13, with prices in the base metals complex ending the day on a mixed note ahead of the US Federal Reserve Bank's Federal Open Market Committee press conference.Zinc reached $3,263 per tonne on Wednesday, its lowest price since announcements by Nyrstar and Glencore that production in Europ...Read More
But investors would do well to remember the lessons of the 2010-12 bull market when rare earth prices reached far above their current levels.Read More
Prices for Japanese bulk shredded scrap have tumbled over the last week amid a drop in intake from a major Japanese blast furnace (BF)-based mill and discounted sales to South Korea.In late September, sources told Fastmarkets that shredded demand at BF-based mills had benefitted greatly from the tight supply of Shindachi prime scrap, but a reduction in shredded purchase volumes in recent weeks has...Read More
RAPAPORT... The International Grown Diamond Association (IGDA) has revamped itself, aiming to attract the raft of companies that have entered the sector in recent years."IGDA 2.0 will provide focused services to support the growing number of global lab-grown diamond companies," Dick Garard, the organization's executive director, said Tuesday. "We have an aggressive strategic plan that begins...Read More
RAPAPORT... Pandora has increased its sales outlook for the current year for the second time in four months following strong growth in the US in the third quarter.Sales will rise by 18% to 20% year on year on an organic basis for 2021, the Danish jewelry retailer predicted Monday. That compares with a previous forecast of 16% to 18%. Pandora now expects revenue for the full year to be between DKK...Read More
RAPAPORT... Lightbox, De Beers' lab-grown brand, has started disclosing the treatments it uses to create its synthetic diamonds - but still believes such declarations are optional.The new policy applies mainly to its Finest collection of D- to F-color, VVS-clarity stones, a premium offering the company launched in August. Lightbox grows the goods using chemical vapor deposition (CVD), and imp...Read More
Chilean copper production decreased by 6.75% in September, compared to the same month in 2020, with all major mines in the country reporting lower figures, copper commission Cochilco said on Wednesday November 3.In September, some Chilean producers like Codelco faced workers' strikes, while a few also had drought issues and reported lower content in mined ore. These caused lower output during the...Read More
RAPAPORT... The industry's focus is changing - or, at least, it should be, asserts Esther Oberbeck, senior vice president of strategy, analytics and insights at De Beers.Oberbeck joined the Rapaport Diamond Podcast to discuss some of the key findings from the De Beers Diamond Insight Report, which the company published last week. The report's central theme is sustainability, and it brought so...Read More
(IDEX Online) - Gabriel & Co has been named best-performing brand in a survey of over 350 independent US jewelers, for the fourth consecutive year.The New York-based jeweler was founded in 1989 by brothers Jack and Dominick Gabriel, after they were apprenticed to their father Elias, a master jeweler.Stuller and Allison-Kaufman took second and third places, as they did in 2020.The survey was pa...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 3.Please click...Read More
Month-on-month prices dipped slightly by 0.2 per cent in October, as they did in September, which would appear to indicate the start of a downwards trend. Prior to that, prices had been rising since March. They peaked with a 2.2 per cent increase in June, but slowed during July and August. IDEX Online subscribers please click here to read the full report. Read More
(IDEX Online) - De Beers has launched a new campaign to promote diamonds, expanding "I do" beyond its traditional wedding context to include any kind of personal pledge.It has also resurrected the iconic "A Diamond Is Forever" tagline for the first time since the 1990s and emphasized the importance of sustainability. "Today we see a new generation of consumers who wish to communicate a wider...Read More
Duncan Wanbladwill take over as Anglo American's chief executive officer when current incumbent Mark Cutifani retires and steps down at the company's annual general meeting on April 19, 2022.Wanblad will also become an executive director of the board at the diversified mining giant. Cutifani, who has been CEO for nine years, will be involved in a transition period, which is expected...Read More
A summary of Peru-based metals producer Volcan's production figures and financial results for the third quarter of 2021, as stated in its earnings report published on Tuesday November 2.In brief Volcan's zinc and lead output growth in the quarter was spearheaded by higher mined and treated ore at the Yauli mine, in the Peruvian central Jun?-n region, although this was partially offset by a decreas...Read More
COP26, the United Nations climate conference taking place in Glasgow, Scotland, October 31-November 12, has provided a platform for leading aluminium producer Rusal to discuss the growth and importance of low-carbon aluminium in the global efforts toward decarbonization.The company announced on Wednesday November 3 it will be taking part at the conference in multiple panel discussions organized by...Read More
The nature of those discussions weren't disclosed though it would be fair to assume that at least some reference will be made to some of PDI's granted tenure being "within the Outer Buffer Zone of theRead More
Nickel premiums remained steady in the United States, China and Europe in the week to November 3, although tight supplies and growing production disruptions are keeping prices high in the US. US nickel premiums hold at historic highsChinese premiums also stable with increased full plate imports into ChinaPremiums unchanged in Europe, with market focusing on contracts for 2022US premiums still at h...Read More
The prevailing backwardation of London Metal Exchange tin prices continued to encourage lower offer prices in Europe and the United States, with premiums falling stateside on November 2, while premiums in Taiwan were steady despite the ongoing destocking of LME inventories. In-warehouse premiums in Rotterdam and Baltimore drop slightly amid more supply and lower offersLME stocks at 645 tonnes...Read More
The growth in Brazil's apparent steel consumption is poised to lose some steam by the end of 2021 amid a slower pace of import activity, although real demand shows very few signs of weakening, market participants have told Fastmarkets.The country is close to setting new record-high import volumes this year due to a surge in interest for foreign material and increased needs for third-party semi-fin...Read More