(IDEX Online) - Nine of the leading diamond and jewelry industry organizations (AWDC, CIBJO, DPA, GJEPC, IDI, IDMA, USJC, WDC and WFDB) have released a jointly developed Diamond Terminology Guideline. It aims to encourage full, fair and effective use of a clear and accessible terminology for diamonds and synthetics diamonds by all sector bodies, organizations, traders and retailers. ...Read More
Good morning from Metal Bulletin's office in Shanghai, as we bring you the latest news and pricing stories on Tuesday January 30.Base metals prices on the Shanghai Futures Exchange were all weaker during Asian morning trading on Tuesday, with a correction underway across the complex following a strong performance in the previous session.Check Metal Bulletin's live futures report here.LME snapshot...Read More
VANCOUVER (miningweekly.com) – TSX- and Nasdaq-listed diamond producer Mountain Province Diamonds has signed a definitive arrangement agreement whereby it will buy its exploration spinout Kennady Diamonds in an all-scrip deal worth about C$176-million, the companies announced on Monday.News of the transaction buoyed Kennady's TSX-V-listed stock, lifting shares more than 20% to C$3.31 api...Read More
RAPAPORT... Mountain Province Diamonds will purchase exploration group KennadyDiamonds in an all-share deal, reuniting two Canadian companies that split fiveyears ago. For each Kennady share, its investors will receive 0.975 ofa Mountain Province share, valuing Kennady at $142.7 million (CAD 176 million),the miners said Monday. Once the transaction is complete, Mountain Province shareholderswill o...Read More
RAPAPORT... Rough prices rose at Stornoway Diamond Corporation's firstsale of 2018 as the market improved and the company sold higher-quality productionfrom its Renard mine. Last week's tender in Antwerp achieved an average price of$104 per carat, Stornoway's highest price to date, the miner reported Monday. Somelarger diamonds fetched $140 per carat, while 24 stones above 10.8 carats wentfor an a...Read More
RAPAPORT...Trend forecasting is equal parts science and art - you needto be widely aware of key happenings in your industry, and discerning enough toknow which ones will be most influential. Fortunately for readers, RapaportMagazine has been paying attention, and has tapped the savvy minds of thejewelry trade to get a sense of what's coming. Below are the fruits of theseefforts: 12 trends affectin...Read More
Price forecast accuracy of 99.35% in Q4 2017 MB published the results of its Q4 2017 Apex survey of metal price forecasters, including ranking its participants by the accuracy of their forecasts. MBR has a good track record of high and consistent accuracy. Last quarter we were the top forecaster of the 20 analyst or trading desks polled. Our average accuracy across all the base metals was 99.35%....Read More
RAPAPORT... De Beers' auctions division will sell diamonds from othermining companies so clients can access a broader range of goods. The company will pilot the new program this year, making iteasier for customers to buy their entire supply in one place, Neil Ventura, DeBeers' executive vice president of auction sales, said in a blog post Monday. DeBeers will use the test period to determine wheth...Read More
Prices have been sensitive to dollar volatility The recent strength in LME aluminium prices seems to be mainly macro driven, reflecting a sharp sell-off in the dollar. The dollar index dropped a whopping 1% last Wednesday, marking its lowest level since December 2014. The sell-off was partly triggered by US Treasury secretary Steven Mnuchin’s comments (“weaker dollar is good for trade...Read More
Aluminium Aluminium has been underpinned by rising support from its 20 DMA since January 9, which currently stands at $2,221 per tonne. While prices tested below this support last week, the lower shadows on the daily candlesticks imply dip-buying interest remains. But attempts to rally have struggled to gain traction above $2,250 per tonne. Failure to hold immediate support at the 20 DMA risks rev...Read More
U.S. equity index futures are lower this morning. S&P 500 futures were down 11 points in pre-opening trade.Apple dropped $2.00 to $165.96 on reports of a slowdown in iPhone production. The stock is expected to open below support at $166.46.Fourth quarter reports continue to flow in. Reports released this morning included Harley Davidson, McDonalds, Pfizer and Aetna.Thomson Reuters gained $4.55...Read More
SHANGHAI, Jan 30 (SMM) – Nonferrous metals fell for the most part on Tuesday January 30 except for a small rise in SHFE tin. SHFE aluminium led the loss by a 1.5% decline, while copper and lead dropped close to 1%.The ferrous market saw mixed trading with iron ore and coking coal up slightly. Coke was down over 1%, as rebar slid 0.6% and hot-rolled coil slipped 0.5%.Copper: We expect copper...Read More
SHANGHAI, Jan 30 (SMM) – Nonferrous metals fell for the most part on Tuesday January 30 except for a small rise in SHFE tin. SHFE aluminium led the loss by a 1.5% decline, while copper and lead dropped close to 1%.The ferrous market saw mixed trading with iron ore and coking coal up slightly. Coke was down over 1%, as rebar slid 0.6% and hot-rolled coil slipped 0.5%.Copper: We expect copper...Read More
Prices struggling amid signs of comfortable supply While zinc and nickel prices are extending their gains, copper is trading sideways. That said, it has held up well above $7,000 per tonne in the face of another sudden bout of LME stock inflow; 101,725 tonnes were delivered into warehouses over a four day period last week. This may well have been the result of a warehouse deal. There were four ins...Read More
SHANGHAI, Jan 30 (SMM) – Nonferrous metals fell for the most part on Tuesday January 30 except for a small rise in SHFE tin. SHFE aluminium led the loss by a 1.5% decline, while copper and lead dropped close to 1%.The ferrous market saw mixed trading with iron ore and coking coal up slightly. Coke was down over 1%, as rebar slid 0.6% and hot-rolled coil slipped 0.5%.Copper: We expect copper...Read More
SHANGHAI, Jan 30 (SMM) –Copper: The latest Commitments of Traders report published by the Commodity Futures Trading Commission (CFTC) showed that investors have reduced their long positions following a price drop earlier last week. We see pressure for copper futures prices as Chinese consumptions dwindle ahead of Chinese New Year. The LME contract is expected to trade at $7,070-7,120/mt toda...Read More
Another week, another high Lead prices extended gains last week, reaching a high of $2,653 per tonne on Thursday, January 25. Selling is starting to dominate, restricting the upside, but there is also good dip buying interest, which means the overall uptrend is intact. Sister metals zinc is still putting in a stronger performance than lead, and where zinc goes we expect lead prices to follow. Are...Read More
SHANGHAI, Jan 30 (SMM) –Copper: The latest Commitments of Traders report published by the Commodity Futures Trading Commission (CFTC) showed that investors have reduced their long positions following a price drop earlier last week. We see pressure for copper futures prices as Chinese consumptions dwindle ahead of Chinese New Year. The LME contract is expected to trade at $7,070-7,120/mt toda...Read More
SHANGHAI, Jan 30 (SMM) –Copper: The latest Commitments of Traders report published by the Commodity Futures Trading Commission (CFTC) showed that investors have reduced their long positions following a price drop earlier last week. We see pressure for copper futures prices as Chinese consumptions dwindle ahead of Chinese New Year. The LME contract is expected to trade at $7,070-7,120/mt toda...Read More
Lithium’s crown as the leading raw material in batteries for electric vehicles (EVs) – largely due to its early adoption in technology developed by Tesla – is facing increasing competition from other materials also used along with lithium in the cathode part of the battery cell. These include cobalt, manganese iron and nickel. These threats to lithium have emerged as its supply chai...Read More