The London Metal Exchange will on February 1 introduce a reporting process that will increase transparency into levels of off-warrant stocks. The exchange announced the plans in November 2019 and aims to attract more metal back in LME sheds. It is controversial, but its passage into the LME rulebook on February 1 follows a consultation last year. Some market participants are now saying the LME sho...Read More

Copper has attempted to rebound since early September following a marked sell-off in the summer months where macro and fundamental forces have been prevalent.On the macro front, copper has benefited from a slight easing in US-China trade tensions and more monetary policy easing across the globe - including China, where copper consumption is the most exposed - that has shored up investor sentiment....Read More

The increasing consumption of scrap and a potential shift toward the electric-arc furnace (EAF) steelmaking route from the basic oxygen furnace (BOF) route in China are medium- to long-term threats to demand for steelmaking raw materials, while in the near team coking coal import volumes will continue to be affected by iron ore procurement strategies.This was the basis of Fastmarkets research team...Read More

Here are five Fastmarkets MB stories you might have missed on Friday January 31 that are worth another look. Imports of hot-rolled stainless steel sheet and coil from China, Taiwan and Indonesia now need to be registered on entering the European Union and could be subject to retroactive duties later in the year.The supply-demand dynamics in the global copper market were likely to turn into a defic...Read More

RAPAPORT... The Women's Jewellery Network (WJN) has distributed a survey to the UK jewelry trade to gain a better understanding of gender equality in the industry."We are very conscious that there is a lack of specific and relevant data on the experience of employees within the UK jewelry trade," WJN managing director Victoria McKay said last week. "We want to provide the trade with an annual baro...Read More

RAPAPORT... Pandora has committed to being carbon-neutral in its own operations by 2025 as part of a plan to reduce the environmental impact of the company and its suppliers.From this year, the jeweler will use 100% renewable energy at its two manufacturing facilities in Thailand, which currently account for 52% of its emissions, it said Thursday. Over time, it will source more of its own sol...Read More

RAPAPORT... Mountain Province has decided to delist itself from the Nasdaq stock exchange following six months in which its shares were below the minimum bid price.The company, which is also listed on the Toronto Stock Exchange (TSX), has been out of compliance with Nasdaq since August, when its stock dipped below $1 per share minimum for more than 30 consecutive business days. At the time, Nasdaq...Read More

RAPAPORT... US consumer spending on gifts is expected to increase 32% this Valentine's Day, with jewelry topping the list at nearly $6 billion, according to the National Retail Federation (NRF). Consumers intend to lay out $27.4 billion on their loved ones over the holiday, beating last year's record $20.7 billion. The growth comes as the number of people celebrating the holiday this year ret...Read More

RAPAPORT... De Beers Group Industry Services will provide diamond-grading reports to RDI Diamonds in its first foray into the US market.The grading-lab arm of the mining giant will be the exclusive provider of grading services for the New York-based diamond wholesaler's Rare and Forever brand, De Beers said last week. It will also assist RDI with educational activities and sales training."This mov...Read More

(IDEX Online) - Prices of round diamonds continued to be fairly stable in December, with many categories seeing isolated or limited changes. The changes that occurred in goods below 1.00 carat were mostly positive; 0.30-0.39 cts, D/VVS1-VS2 increased 2-4 percent, 0.90-0.99 cts, G-J / VVS2 increased 1.5-3.5 percent. Items sized 2.00-4.00 carats saw some negative change, with the 2.00-2.99 carat cat...Read More

(IDEX Online) - Alrosa has held its first trading session following the expansion of its Alrosa Alliance client list. The company added 15 new members this month, increasing the total number of Alrosa Alliance members to 76. Among the new members are four jewelry companies and 11 clients specializing in industrial rough diamonds.Meeting the requirements of Alrosa Alliance is an essential condition...Read More

(IDEX Online) - Jewelers Mutual has launched its annual ad campaign. The latest campaign, developed with Chicago-based creative agency Laughlin Constable, is a satirical look into what the insurer calls the "reality of jewelry infatuation." The premise for the "Jewelry Obsessed" campaign came from the company's consumer focus groups who reported that shopping for engagement rings and oth...Read More

On Thursday, Canada's main stock index TSX registered a small increase on strong U.S. corporate earnings and improved risk appetite in the midst of ongoing threats from a coronavirus pandemic. Gold climbed to a near three-week high on Monday as growing concerns over the economic fallout of the coronavirus outbreak saw investors looking for safe havens. Spot gold was up 0.4% at $1,577.31 per ounce...Read More

A Northern Territory gold mine which could create up to 80 jobs and provide a shot in the arm to the embattled nearby town of Pine Creek could be put in jeopardy by a rare and tiny flying mammal.Read full newsRead More

A Northern Territory gold mine which could create up to 80 jobs and provide a shot in the arm to the embattled nearby town of Pine Creek could be put in jeopardy by a rare and tiny flying mammal.Read full newsRead More

"IAMGOLD PAYS $2.35 MILLION TO VANSTAR AND GETS AN ADDITIONAL 24% INTEREST IN THE NELLIGAN PROJECT#GoldStock #Vanstar $VSR #TSXV #IAmGold #SmallCaps #StocksToTrade #StocksToWatch #MomentumStockshttps://t.co/z5cQwR1T98"Read full newsRead More

The copper price declined again on Monday as markets in China, responsible for more than 50% of the world's copper consumption, reopened to deep losses after an extended halt to trading due to the coronavirus outbreak. Thirteen consecutive down days in New York saw copper for delivery in March pushed down 14% in value, last trading at $2.4875 a pound ($5,485 a tonne) on the Comex market in New Yor...Read More

Results from the most recent exploration release from the Cliff Creek South zone at Benchmark Metals' Lawyers project extended the total mineralized strike of the Cliff Creek area to over 1 km.Drill highlights include:102 metres of 1.44 g/t gold-equivalent;111 metres of 0.77 g/t gold-equivalent; and19.6 metres of 1.61 g/t gold-equivalent."The Cliff Creek South zone is providing the grade, consiste...Read More

Beartrack is a former producing gold mine located approximately 17 km northwest of Salmon, Idaho. Credit: Revival Gold Revival Gold (TSXV: RVG) has announced the results of an updated mineral resource estimate completed on the company's past-producing Beartrack-Arnett gold project located in Lemhi County, Idaho.The new Beartrack-Arnett resource outlines an indicated mineral resource of 36.4 milli...Read More

It's rained for the past week here in Spokane. The ski bums and ridge hippies aren't stoked about it. All this rain should be sweet, dry powder - it's late January in the Pacific Northwest for crying out loud. You know weather patterns are shifting. Storms and fires are getting stronger.I don't know if we're causing it or not. What I do know is that doing things more cleanly and sustainably is...Read More