(IDEX Online) - Crimes committed against U.S. jewelry firms reported to the Jewelers' Security Alliance (JSA) increased by 12% to 1,394 in 2017 from 1,245 in 2016, according to the JSA's Annual Crime Report for 2017. Total dollar losses from crimes committed against U.S. jewelry firms decreased by 0.4% to $72.1 million in 2017 from $72.4 million in 2016. In 2017 JSA recorded a l...Read More
RAPAPORT... The Jewelers Board of Trade (JBT) has appointed MichaelKaplan as chairman, replacing Todd Wolleman, the group said last week. Kaplan (pictured) has been involved in the JBT for 20 years,and was previously first vice chairman of the board. "We are very excited to have Mike as our chairman and lookforward to his oversight and guidance," said JBT president Richard Weisenfeld."Mike br...Read More
(IDEX Online) - Sales of fine jewelry and fine watches rose by 6.3 percent in the U.S. market in January 2018, when compared to the same month a year ago, as the graph below illustrates. Sales were an estimated $8.5 billion, according to preliminary data from the U.S. Commerce Department following the holiday season but ahead of Valentine's Day. The sales rise in January was l...Read More
RAPAPORT... Retail sales of gold, silver and jewelry in China increasedin the first two months of 2018, the nation'sdata department said. Total revenue for the category rose 3% year on yearto $80.4 billion (CNY 509 billion) in January and February, the National Bureau of Statistics of Chinasaid in a statement Monday. Retail sales of all consumer goods increased 10%,while online sales climbed 37%....Read More
Mills across Europe producing hollow steel sections have continued this week to be largely unsuccessful in raising their prices for tube products because many producers are in need of bookings, sources told Metal Bulletin on Wednesday March 21."They've been trying for several weeks, but they've been unsuccessful. If they don't get orders, they can't raise their prices, and they are all in urgent n...Read More
RAPAPORT... The International Gemological Institute (IGI) will open anew screening facility for detecting laboratory-grown stones at the SantacruzElectronic Export Processing Zone (SEEPZ) in Mumbai, the grading organization said Tuesday. The center - which IGI claims is the first of itstype in SEEPZ - will enable companies in the jewelry-manufacturing hub toassure customers a stone is natural...Read More
Mining Journal caught up with Cochrane on the sidelines of the event to talk more in depth about his views on investing in these metals.Read More
SHANGHAI, Mar 21 (SMM) – Nonferrous metals were weak today with SHFE zinc leading the loss with a drop of 1.7%. Copper fell 1.5% while aluminium, nickel, and tin edged down. Lead slumped near closing and closed flat from Tuesday March 20.The ferrous complex saw mixed trading today. Iron ore gained nearly 1%, while coke and coking coal inched up. Hot-rolled coil dropped over 2% and rebar dipp...Read More
SHANGHAI, Mar 21 (SMM) – Nonferrous metals were weak today with SHFE zinc leading the loss with a drop of 1.7%. Copper fell 1.5% while aluminium, nickel, and tin edged down. Lead slumped near closing and closed flat from Tuesday March 20.The ferrous complex saw mixed trading today. Iron ore gained nearly 1%, while coke and coking coal inched up. Hot-rolled coil dropped over 2% and rebar dipp...Read More
SHANGHAI, Mar 21 (SMM) – Nonferrous metals were weak today with SHFE zinc leading the loss with a drop of 1.7%. Copper fell 1.5% while aluminium, nickel, and tin edged down. Lead slumped near closing and closed flat from Tuesday March 20.The ferrous complex saw mixed trading today. Iron ore gained nearly 1%, while coke and coking coal inched up. Hot-rolled coil dropped over 2% and rebar dipp...Read More
U.S. equity index futures were mixed this morning prior to news this afternoon at 2:00 PM EDT from the FOMC meeting. S&P 500 futures were down 2 points in pre-opening trade.FedEx slipped $0.19 to $251.80 despite reporting higher than consensus quarterly sales and earnings. In addition, Stifel Nicolaus and JP Morgan raised their target price on the stock.General Mills dropped $2.93 to $47.00 af...Read More
Scandinavia has been a happy hunting ground for Mincon in the past 12 months.Read More
SHANGHAI, Mar 21 (SMM) – Prices of prebaked anode will continue to tumble as supply grows after production restrictions are lifted at the end of the heating season, SMM believed. SMM sees downward room in prices, which have declined for three consecutive months. According to SMM, profit margins could be significant if current cash costs for prebaked anode are capped ...Read More
SHANGHAI, Mar 21 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of about 400 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Wednesday March 21, while Jinchuan traded at a premium of 100 yuan/mt, SMM learned.Jinchuan offered nickel plate at 101,200 yuan/mt today.As nickel futures traded in a tight range in the morning, traders made offers actively due t...Read More
SHANGHAI, Mar 21 (SMM) – The zinc spot market in Shanghai saw more transactions on Wednesday March 21 as 0# zinc traded at 24,400-24,500 yuan/mt. Downstream consumers purchased more actively as prices of zinc declined, SMM learned.The 0# common brand traded at a discount of 60-50 yuan/mt against the SHFE 1804 contract, the 0# Shuangyan brand at a discount of 40-30 yuan/mt, and...Read More
SHANGHAI, Mar 21 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDriven by bullish sentiment on the US economy and an expected hike in interest rates, the US dollar rebounded to 90. Weak economic data for the eurozone also bolstered the greenback.However, nonferrous metals fell across the board under pressure from the strong dollar. LME...Read More
SHANGHAI, Mar 21 (SMM) – Prices of prebaked anode will continue to tumble as supply grows after production restrictions are lifted at the end of the heating season, SMM believed. SMM sees downward room in prices, which have declined for three consecutive months. According to SMM, profit margins could be significant if current cash costs for prebaked anode are capped ...Read More
SHANGHAI, Mar 21 (SMM) – Prices of prebaked anode will continue to tumble as supply grows after production restrictions are lifted at the end of the heating season, SMM believed. SMM sees downward room in prices, which have declined for three consecutive months. According to SMM, profit margins could be significant if current cash costs for prebaked anode are capped ...Read More
Central bank credit that supports markets - is not just creation of the Fed, but by central banks and institutions around the world colluding together. Global markets are too deeply connected these days to consider the Fed in isolation.Since last month's correction, the world has been watching the Fed because its policies have global implications. And worldwide sell-offs sent a clear sign to Fed C...Read More
SHANGHAI, Mar 21 (SMM) –Copper: Copper prices remained under pressure given high inventories and worries of a potential trade war. We expect LME copper to fall to the $6,700/mt level in the short term but with upward momentum in the mid and long term. We see it trading at $6,730-6,790/mt today, with the SHFE 1805contract trading at 50,500-51,000 yuan/mt. In the physical market, dow...Read More