Gold just closed the month and quarter and itsperformance on the final day of both was very encouraging for the bulls. What’sgoing on and what changed?Let’s start with the big picture. Gold just moved to the November 2011 high and intoday’s pre-market trading it even moved above it. The volume on which goldmoved up last month was relatively small, which doesn’t support the...Read More
Some gold bulls have bought in heavily to the argument that gold price suppression has been an ongoing activity for years, even decades. Supposedly, trading in the gold market is manipulated in ways that depress the market price for gold.Assertions are made that the manipulation takes place in a shroud of secrecy; and the unexpected lower prices for gold, or prices that don’t meet wildly bul...Read More
RAPAPORT... Belgium's diamond trade slowed in June, with polished exports down 44% year on year to $469 million, according to data from the Antwerp World Diamond Centre (AWDC). However, the rate of decline eased following heavier drops in April and May, when the global industry shut due to the coronavirus. US orders rose 4% to $173 million in June, indicating a gradual recovery as the importa...Read More
RAPAPORT... Global rough-diamond production fell 7% to $13.48 billion last year, reflecting lower output in Botswana and Canada, according to new data from the Kimberley Process (KP). Production volume slipped 12% to 130.3 million carats, while the average price increased 6% to $103.41 per carat.Russia ranked as the top producer, bucking the negative trend with an increase of 3% to $4.12 bill...Read More
(IDEX Online) - Zimbabwe is poised to offer a diamond stockpile of over a million carats for sale as it seeks foreign currency.It hopes to net up to $100m, according to a report in today's Sunday Mail newspaper.The Minerals and Marketing Corporation of Zimbabwe, which has controlled all the country's diamond sales since 1983, says it plans to hold an auction in the near future, after can...Read More
(IDEX Online) - Botswana, the world's top diamond-producing country by value, is to seek financial help from the International Monetary Fund (IMF) and the World Bank to deal with the consequences of COVID-19.The country is in economic crisis, even though the virus has claimed just one life, on 31 March, and as of today there are just 277 active cases.At least 181 confirmed cases have been tra...Read More
Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera Mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senio...Read More
RAPAPORT... Belgium's diamond trade slowed in June, with polished exports down 44% year on year to $469 million, according to data from the Antwerp World Diamond Centre (AWDC). However, the rate of decline eased following heavier drops in April and May, when the global industry shut due to the coronavirus. US orders rose 4% to $173 million in June, indicating a gradual recovery as the importa...Read More
RAPAPORT... The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted by the virus.July 2?EUR? Rio Tinto has carried out nearly 2,600 Covid-19 tests at its Diavik diamond mine in Canada since introducing the measure seven weeks ago. All c...Read More
Gold just closed the month and quarter and itsperformance on the final day of both was very encouraging for the bulls. What’sgoing on and what changed?Let’s start with the big picture. Gold just moved to the November 2011 high and intoday’s pre-market trading it even moved above it. The volume on which goldmoved up last month was relatively small, which doesn’t support the...Read More
Some gold bulls have bought in heavily to the argument that gold price suppression has been an ongoing activity for years, even decades. Supposedly, trading in the gold market is manipulated in ways that depress the market price for gold.Assertions are made that the manipulation takes place in a shroud of secrecy; and the unexpected lower prices for gold, or prices that don’t meet wildly bul...Read More
Gold just closed the month and quarter and itsperformance on the final day of both was very encouraging for the bulls. What’sgoing on and what changed?Let’s start with the big picture. Gold just moved to the November 2011 high and intoday’s pre-market trading it even moved above it. The volume on which goldmoved up last month was relatively small, which doesn’t support the...Read More
Some gold bulls have bought in heavily to the argument that gold price suppression has been an ongoing activity for years, even decades. Supposedly, trading in the gold market is manipulated in ways that depress the market price for gold.Assertions are made that the manipulation takes place in a shroud of secrecy; and the unexpected lower prices for gold, or prices that don’t meet wildly bul...Read More
Sebastien de Montessus, president and CEO of Endeavour Mining Corporation, discusses the company's growth prospects.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Friday July 3 that are worth another look.Production resumes at Hydro's Paragominas mine and Alunorte alumina refinery. The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3.The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi...Read More
The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3. With production at Paragominas now resumed, alumina refining is being ramped back up at the company's Alunorte refinery. Three power transmission towers overturned on June 20, causing a power outage at Paragominas, Fastmarkets reported earlier. "The t...Read More
The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi mine has dropped by 15% in the latest mine plan, according to a regulatory filing released on Friday July 3. The reductions have been significant at Oyu Tolgoi, which is one of the world's largest known copper and gold deposits. The Australia-listed miner said the estimate of recoverable copper from the Mongolian project was now 6...Read More
An overview of the battery raw materials markets and their latest price moves.Read More