(IDEX Online) - Pandora said today that its Q4 results are likely to be better than predicted when they are announced in early February.Consumer spending on travel has been curtailed by Covid restrictions, it says, freeing up more money to spend on gifts and feel-good purchases.December revenue beat expectations and underlying performance remained "solid," said the Denmark-based jewelry chain, whi...Read More

(IDEX Online) - Alrosa has joined the Shanghai Diamond Exchange (SDE) in a bid to strengthen its position in mainland China.The move opens up new opportunities for direct trade in rough and polished gems in the world's sixth-biggest diamond-importing nation, especially with Covid overseas travel restrictions boosting the domestic market. Alrosa has been trading in China since 2005, has t...Read More

(IDEX Online) - Online sales of jewelry in the US were up almost 45 per cent this year compared to last.That's according to an end-of-year report by Mastercard SpendingPulse, which measures overall retail sales across all payment types, including cash and check. Total retail jewlery sales fell by just over four per cent, as the pandemic hit bricks and mortar revenue, but e-commerce rose...Read More

Iran's export prices for steel slab and billet increased again over the week to Wednesday December 30 following deals being secured at even higher prices over the week, Fastmarkets learned.A total of 110,000 tonnes of Iranian slab was sold in two tenders during the week, sources told FastmarketsThis comes at a time when Iran's export billet and slab prices are at their highest since early 2018, wh...Read More

Fastmarkets has corrected its Shanghai copper cathode premiums, which were published in error on December 25 and December 28.Fastmarkets published prices for registered copper cathode premiums on a seaborne and in-warehouse basis for the Shanghai market outside of its pricing calendar, and has now removed this information.Fastmarkets prices commodity-grade base metal premiums on days when the Lond...Read More

Base metal futures made minimal trade on Wednesday December 30 morning, with market participants expecting the market to remain sluggish until after China's New Year holidays in February, Fastmarkets heard.In news, Chile - the world's top copper miner - is set to reach its peak total copper production in 2028 at 7.35 million tonnes, a 26.9% increase from 5.79 million tonnes in 2019,...Read More

The discount paid for ferro-nickel with 26-32% nickel content in China fell to its lowest level on Fastmarkets' records in December due to a lack of demand and no price competitiveness. Fastmarkets assessed the ferro-nickel premium/discount, 26-32% Ni contained, cif China at a discount of $1,800-2,200 per tonne on Tuesday December 29, widening from a discount of $1,000-1,300 per tonne on November...Read More

Shipments of copper scrap for import into China have been trading at a bigger discount in December, with many cargoes stranded at Chinese ports while customs officials carry out inspections under the new import policy."For birch/cliff covered with paint or other impurities the samples are sent to laboratories, so it is taking a long time for clearance," a scrap importer said. A scrap trader said c...Read More

Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on Wednesday December 30.In late December bankruptcy trustee Mateusz Bienioszek signed a lease agreement for Huta Czestochowa with Corween Investments, several sources familiar with the matter told Fastmarkets "I ca...Read More

Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on Wednesday December 30.On Monday December 28, bankruptcy trustee Mateusz Bienioszek signed a lease agreement for Huta Czestochowa with Corween Investments, several sources familiar with the matter told Fastmarkets...Read More

Closures at Hyundai Steel's electric arc furnaces (EAFs) in Incheon have reduced supply and raised prices for steel beams in South Korea, a company spokesman told Fastmarkets.Hyundai closed two EAFs at its Incheon works in mid-October due to a $100-million upgrade of its steel beam rolling process, the spokesman said on Tuesday December 29.Following the update, South Korea's second largest steelma...Read More

China's hot-rolled coil (HRC) prices continued to fall on Wednesday December 30 despite the Minister of Industry and Information Technology saying the country would further cut its crude steel output the day prior, Fastmarkets heard.DomesticEastern China (Shanghai): 4,510-4,530 yuan ($691-694) per tonne, down 40-50 yuan per tonneSeveral Shanghai-based traders told Fastmarkets that sellers there ha...Read More

China's domestic rebar prices were unchanged on Wednesday December 30, supported by futures gains amid weakened demand.DomesticEastern China (Shanghai): 4,430-4,450 yuan ($678-681) per tonne, unchangedRebar futures picked up after two days' of losses, but participants did not expect prices to continue trending higher amid the slow season.End-user demand has been weak in the past few days due to ba...Read More

Starbucks (SBUX), an S&P 100 stock moved above $106.09 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Wednesday December 30thU.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Index futures are responding partially to news that the United Kingdom has authorized the emergency use of AstraZeneca's...Read More

Seaborne iron ore prices fell on Wednesday December 30 amid weakened market sentiment while the iron ore lump premium made more gains amid increased demand over winter, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $159.85 per tonne, down $3.17 per tonne62% Fe low-alumina fines, cfr Qingdao: $161.25 per tonne, down $2.25 per tonne58% Fe fines high-grade premium, cfr Qingdao:...Read More

Seaborne premium hard coking coal prices in the fob and cfr markets diverged slightly on Wednesday December 30 while market participants were in wait-and-see mode as the New Year approaches.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.39 per tonne, down $0.49 per tonnePremium hard coking coal, cfr Jingtang: $200.06 per tonne, up $0.26 per tonneHard coking coal, fob DBCT: $90.05 per...Read More

ELKO, Nevada, Dec. 30, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that it will hold electronic investor update webinars throughout January 2021. Mr. Edward Karr, Executive Chairman will update attendees and USAU shareholders on the Company and will be available for questions after an initial presentation....Read More

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More

Seaborne prices of both low- and high-grade manganese ore in China continued to find support from persistent strength in the portside ore and alloy markets in the latest pricing period ended Tuesday December 29, despite the absence of some participants due to the Christmas holidays. Fastmarkets' manganese ore index 37% Mn, cif Tianjin rose 18 cents (4.6%) week on week to $4.12 per dry metric tonne...Read More

The latest data for the global manganese ore market for the week ended December 29, 2020.Read More