RAPAPORT... Workers at De Beers' and Petra Diamonds' operations in South Africa are planning to go on strike after the parties failed to reach an agreement in their respective wage talks.Members of the National Union of Mineworkers (NUM) will begin a "protected strike" - meaning union workers cannot be disciplined by their employer for taking part - once they receive final approval, NUM said...Read More
RAPAPORT... De Beers will expand the availability of its Lightbox line of lab-grown diamond jewelry through partnerships with 10 independent jewelers in the US and Canada.The brand will launch at 28 stores in the midwest, northern California and the east coast, including Diamond Cellar, The Jewelry Center and DeVons Jewelers. IJL, in Canada, will also carry Lightbox in its locations, the lab-grown...Read More
RAPAPORT... A number of US retailers will launch their holiday sales earlier this year as a way to prevent overcrowding by last-minute shoppers and minimize health and safety risks."Retailers are prepared for an early start to the shopping season, offering discounts earlier to ensure consumers can find the gifts they want," National Retail Federation (NRF) CEO Matthew Shay said last week. The holi...Read More
(IDEX Online) - Organizers of the ill-fated Baselworld have announced details of its successor, HourUniverse.And they have revealed the event's tag line - It's We Time - to the amusement of some in the trade press.MCH Group describe HourUniverse in a press release as "a hybrid platform that serves the watch, jewellery and gemstone community with a year-round, modern digital of...Read More
(IDEX Online) - Diamond miners in South Africa are threatening to strike at De Beers and Petra after pay talks collapsed.The industrial action, announced on Friday, will also affect Exxaro, the biggest coal supplier to state-owned electricity company Eskom.De Beers has reportedly offered a 1.5 per cent increase in response to union demands for an eight per cent rise for all workers.William Mabapa,...Read More
(IDEX Online) - The world's largest black lab-grown diamond has been by produced by UK-based Meylor, weighing in at just under 116 carats.The 115.65-carat (29.40mm x 27.90mm x 23.44mm) Type IIb rough crystal was graded by the International Gemological Institute (IGI) and has been recognized by Guinness World Records. The company also produced a second, slightly smaller black d...Read More
IntroductionToday, we will take a look at the damage inflicted on this sectorby the recent sell-off and try to ascertain just what lies ahead for theprecious metals stocks involved in gold and silver mining.We will commence with look at the charts for gold and silverprices followed by a comparison of gold’s progress versus that of the Gold BugsIndex (HUI) and conclude with what lies in store...Read More
IntroductionToday, we will take a look at the damage inflicted on this sectorby the recent sell-off and try to ascertain just what lies ahead for theprecious metals stocks involved in gold and silver mining.We will commence with look at the charts for gold and silverprices followed by a comparison of gold’s progress versus that of the Gold BugsIndex (HUI) and conclude with what lies in store...Read More
TORONTO, Sep 30, 2020 (GLOBE NEWSWIRE via COMTEX) --Project to leverage the Company's Fort Knox mill and expected to add to production and cash flow profile...Read full newsRead More
CALGARY - Kinross Gold Corp. is moving to secure additional supply for its Alaska gold operations by buying a controlling interest in the Peak Gold project from Royal Gold, Inc., and Contango Ore, Inc., for $125 million. Toronto-based Kinross has agreed to pay Royal Gold about $66 million for its entire 40 per cent stake and $59.6 million for half of Contango's 60 per cent share, leaving Conta...Read More
TORONTO, Sep 30, 2020 (GLOBE NEWSWIRE via COMTEX) --Project to leverage the Company's Fort Knox mill and expected to add to production and cash flow profile...Read full newsRead More
The London Metal Exchange three-month copper price made an impressive comeback on Friday October 2, gaining 3.5%, amid strong turnover, on a day of positive moves for many of the base metals.The LME three-month copper price, which had tumbled 5.1% on Thursday, in its deepest sell-off since March 18, closed the day on Friday at $6,566 per tonne, with just over 24,000 lots traded.Fastmarke...Read More
An overview of the battery raw materials markets and their latest price moves. Read More
The benchmark fob Australia alumina index hit a three-month low on Friday October 2 with wide availability of cargoes and weak demand pressuring the market.Fastmarkets' daily alumina index, fob Australia was at $264.19 per tonne on Friday, down from $268.54 per tonne at the start of the week. The index is now at its lowest since July 9. A deal concluded on Thursday at $264 per tonne fob Western Au...Read More
An overview of the battery raw materials markets and their latest price moves. Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday October 2. China Tight availability of spot materials continued to consolidate the stability of domestic prices, with producers taking a firm stance on the higher costs of raw materials - including silica ore and semi-coke.The low end of export prices climbed by...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday October 2. China The seaborne price for the low-grade manganese ore slid further amid weakening market sentiment, falling portside prices and growing stocks. High-grade index was supported higher after miners refused to lower offers and some Chinese buyers accepted the price. Ports...Read More
Fastmarkets' copper concentrate treatment and refining charge (TC/RC) index moved down slightly on Friday October 2, with market activity light due to China's Golden Week National Day holiday (October 1-8).Fastmarkets' copper concentrates TC index, cif Asia Pacific was at $45 per tonne / 4.5 cents per lb on October 2, down from $45.50 per tonne / 4.55 cents per lb on September 25.Smelters elsewher...Read More
Adam HamiltonArchivesOct 02, 2020 Silver's dazzling parabolic surge this summer was overwhelmingly driven by enormous silver-ETF-share buying. Led by momentum-chasing millennial traders, unprecedentedly-huge amounts of stock-market capital deluged into the dominant SLV iShares Silver Trust silver ETF. But since silver's resulting lofty peak, silver-ETF-share selling has been mounting. An accelerat...Read More
An overview of the battery raw materials markets and their latest price moves. Read More