RAPAPORT... The World Federation of Diamond Bourses (WFDB) has named Yoram Dvash as acting president following Ernie Blom's decision to stand down temporarily.The WFDB's executive committee elected the Israel Diamond Exchange president in a Zoom meeting Sunday, it said in a statement. He had already been named president designate at a previous WFDB congress."The diamond industry, like all oth...Read More
Publisher's Note: Today we're bringing you an excerpt from The Dines Letter from April 6, 2020.Mr. James Dines has been an unparalleled source of research and analysis for decades and it's never been a better time to hear from "The Original Gold Bug."Call it like you see it,Nick HodgeThese are historic times, like a new war, with unknowable consequences, and many books will be written about it. T...Read More
The pendulum has swung so far in the direction of centralization, oligarchy and authoritarianism that the whole thing is breaking down down under its own weight. Those in charge are doing everythingContinue...Read More
Diamond bourses organisation, the World Federation of Diamond Bourses (WFDB), has elected Yoram Davash as president.His election took place at a meeting of the executive committee of the WFDB held via Zoom.AdvertisementHe had already been elected president designate at a previous congress of the organisation.Davash succeeds Ernie Blom as president.AdvertisementThe president of the organisation cha...Read More
The metals markets are being pulled in multiple directionssimultaneously like never before. The global virus-triggered economic freezehas caused industrial demand for all commodities to crater. At the same time, mining output is also crashing as virus fearsforce many mines around the world to suspend operations.What is the “right” equilibrium price for copper, silver, go...Read More
There's a once in a decade opportunity for investors in this bear market. But, will they have the courage to try it? Brett Aitken discusses this unique strategy on this edition of Publisher's Corner.Read more: https://stansberryresearch.com/articl...More advanced research service focused on opportunities in distressed corporate debt. Subscribe today! - https://stansberryresearch.com/articl..._____...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index continued its winning ways, adding 8 points or 1% to close at 851.33. The Index is now up almost 40% from its March lows.MACD pulled back 11.26 points to close at 21.42. RSI rose 1.41 points to 52.12.Support moves up to 778 (20-day moving average)...Read More
(Kitco News) - SSR Mining Inc.'s (NASDAQ, TSX: SSRM) three operations combined to produce over 107,000 gold-equivalent ounces during the January-M...Read full newsRead More
On a global scale, work is grinding to a halt and mines are being placed on temporary care and maintenance.Read full newsRead More
Prices for flat steel in Turkey were mixed in the week to Friday April 17, with some prices moving higher and others lower, while demand improved slightly from last week, market participants said.Demand strengthened because stocks among buyers were low, Turkish sources said.Scrap prices continued to increase during the week on reduced availability. Fastmarkets' daily index for steel scrap, HMS 1&2...Read More
China's crude steel output edged up in the first quarter while finished steel production fell slightly, according to data released by National Bureau of Statistics (NBS) on Friday April 17.January-March output Crude steel: 234.45 million tonnes, up by 1.2% from a year earlier Hot metal: 199.74 million tonnes, up by 2.4% year on yearFinished steel: 267.42 million tonnes, down by 1.6%...Read More
Member mills of the China Iron & Steel Association (Cisa) raised their steel and hot-metal output rates in early April from the preceding 11 days, while the pace of decline for their finished steel inventories slowed down, according to data released on Friday April 17April 1-10 outputCrude steel: 1.95 million tonnes per day, up by 6.5%Finished steel: 1.82 million tpd, down by...Read More
The Covid-19 pandemic is a unifier in that it impacts all. But sub-Saharan Africa is facing an unprecedented health and economic crisis that threatens to throw the region off its stride, reversing the development progress of recent years and hitting the mining sector hard.The mineral-rich region - which comprises 46 of the 54 countries in the continent below the Sahara - is expected to see its eco...Read More
The Covid-19 pandemic has rapidly hit global electric vehicle (EV) production and sales, and so the broadly anticipated reshuffle of China's EV battery supply chain is likely to speed up in 2020. Many already believed the EV subsidy policy in China that had been scheduled to end in December 2020 would squeeze out some companies in the EV battery supply chain, including producers of precursors, cat...Read More
When a tailings dam ruptured in the state of Minas Gerais in southeast Brazil last year, it was a harsh reminder for the mining sector that it needs to consistently operate within the parameters of strict controls and stay alert to potentially tragic risks.The disaster - at Vale's Feij??o mine in Brumadinho - led to the deaths of 270 people after the ruptured dam flooded a nearby community. Just o...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Average LME aluminium price down by 2.5% week on weekAlthough LME aluminium began this week on the rebound, prices extended their recent downtrend further last week, approaching the $1,400-per-tonne level. The weekly average LME aluminium cash price was down 2.5% last week to $1,432.50 per tonne from previous week's $1,469.6...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: OversoldAluminium has been the hardest hit base metal over the past week, after relentless selling pressure took it to fresh multiyear lows while its LME peers generally consolidate or try to rebound. Aluminium is seeing far less in the way of supply restraint or disruptions than the other metals. But this market...Read More
The latest forecast from Fastmarkets' team of analysts is ready to view.Aluminium: Downside momentum maintainedThe aluminium price has continued to decline, with LME cash even falling below the $1,500 per tonne mark at the start of this week. Downside pressure and momentum remains in the short term while ex-China demand plummets amid auto production line closures and while smelters resist capacity...Read More
The new issue of Aluminium Market Tracker is now online at metalbulletinresearch.com.In this edition, Fastmarkets' research team delivers key insights and forecasts into aluminium markets around the world.Aluminium price down 2.3% week-on-week amid stock market sell-offGlobal markets remain rattled by the spread of the novel coronavirus (2019-nCOV) across Europe and the United States. Panic-sellin...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Despite these unprecedented times, US sheet prices moved in line with our expectations over the past month. While we maintain our view on the direction of pricing during 2020 and the length of the pricing downturn, as the Covid-19 crisis deepens we have increased the magnitude of the price declines through the second quarter...Read More