The Diamond Development Initiative announced the appointment of Ian Rowe as its new Executive Director, with effect from September 2, 2019. His appointment follows the departure of Dorothee Gizenga, DDI's founding Executive Director, who will now take on a new role as Regional Director to lead DDI's expansion in Africa. She'll be based in her home country, in Kinshasa, DRC. DDI'...Read More
The Diamond Club West Coast, one of the three diamond bourses affiliated to the World Federation of Diamond Bourses (WFDB) in the USA, hosted a delegation from the GIA at its monthly luncheon meeting. An impressive number of the DCWC membership came to the bourse on South Hill Street in Los Angeles to meet and listen to Phillip Yantzer, Vice President of Laboratory Operations at GIA. Yantzer expl...Read More
Management of the September Hong Kong Jewellery & Gem Fair said that preparations for what is known as world's leading jewelry marketplace - are in full swing. The event will be held from September 16 to 20 at the AsiaWorld-Expo (AWE) and from September 18 to 22 at the Hong Kong Convention & Exhibition Centre (HKCEC). Show organizer Informa Markets said that beyond the show floor, the...Read More
The Gemological Institute of America (GIA) announced that its senior vice president and chief marketing officer Kathryn Kimmel will retire from GIA at the end of August, after 29 years with the organization. Kimmel played a key role in shaping the Institute's domestic and international marketing, public relations and communications outreach efforts. She steered the launch of GIA's digita...Read More
The Bank of Namibia said on Tuesday it expected the domestic economy to fall into a deeper contraction of 1.7% during 2019, down from its initial estimate of 0.3% positive growth in April.The central bank said the economy was expected to recover to positive growth of 0.8% and 1.2% in 2020 and 2021, respectively.AdvertisementThe projected 1.7% contraction of 1.7% for 2019 represents a further deter...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumRevenue fell by $111 million to $419.2 million and underlying EBITDA was down $127.4 million to $162.5 million.Read More
Demand worries still dominate sentiment in the base metals Most base metals are continuing to trade sideways-to-lower as they wait for fresh developments to improve the macro picture and their demand-side fundamentals. After last week’s Jackson Hole symposium and the weekend’s G7 meeting failed to provide much of a boost, yesterday’s news from China that the government is considerin...Read More
LME aluminium continues to trade sideways... LME aluminium price action appears unwilling to trade out of the current tight range of $1,750-1,800 per tonne despite recent cancellation of 21,800 tonnes from LME-registered warehouses in Port Klang and Singapore on Thursday August 22. ...but SHFE at 10-month high on supply disruptions However, the Shanghai Futures Exchange most-traded October contrac...Read More
Aluminium LME aluminium price action closed with a negative daily candlestick on Tuesday August 27. The light metal was under strong selling pressure from the declining 20 DMA and, with short sellers still the dominant force in the complex, a revisit towards the August 2019 low of $1,745 per tonne looks highly possible in the coming days. Its technical indicators, the daily RSI and stochastic...Read More
The fundamental picture of the refined copper market tightens this year The ICSG estimates that the refined copper market was in a deficit of 190,000 tonnes in the first five months of the year, compared with a smaller deficit of 131,000 tonnes in the same period of 2018. The slightly deeper deficit was the result of a stronger contraction in global refined output (-1%), which more than offset the...Read More
Prices up, but Asian premiums lower despite Port Pirie outage While benchmark lead prices are being supported by the second significant unplanned disruption at Nyrstar’s Port Pirie smelter in Australia since June – this one a 12-week production outage – it is not lifting premiums, yet. Although it is reportedly spurring more enquiries for lead, Fastmarkets’ latest assessment of...Read More
Consolidation continues in high ground, for now... As nickel waits for the next news from Indonesia, to confirm one way or another whether the ore export ban will be reintroduced from 2022 or earlier, prices are doing well to still be consolidating as high as $16,000 per tonne. Reports suggest it is now up to President Joko Widodo to decide if the country will bring forward the ban. ...despite a m...Read More
Tin prices at their lowest since May 2016 The 3-month LME tin price is at its lowest since May 2016 at $15,625 per tonne, having sold off 10% so far this month and 20% in the year to date. Clearly, LME tin is so far the worst performer this year among its peers, which is consistent with the fact that LME tin stocks have risen the most (+4,600 tonnes or 200%) since the start of 2019. We attribute t...Read More
H1 deficit balanced by stock flows Preliminary ILZSG data showed the deficit in the global zinc market was 134,000 tonnes in H1 2019, versus the 56,000-tonne deficit we had forecast for the period. At the same time, reported inventories (LME, SHFE, SRB, producer, consumer and merchant) increased by 34,000 tonnes. In effect, this implies that unreported inventories were drawn down to the tune of 16...Read More
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Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
With gold prices up at near six-year highs, markets remain nervous on Wednesday August 28 about just how much damage the United States-China trade war is doing and whether it will be reversible before it leads to a global recession. Comments from last week’s Jackson Hole symposium suggest central bankers have little control because politically-motivated trade policy is now setting the ag...Read More
Amy Schweikert, research assistant professor of mechanical engineering at Colorado School of Mines, was invited to moderate a panel at the 2019 U.S. Strategic Command Deterrence Symposium. About 700 people were in attendance at the event, including flag-level leadership from the U.S. Air Force, Navy and Army; U.S. congressmen; international dignitaries, ambassadors to the United States, and Defen...Read More
MEJILLONES, CHILE - Coro Mining (TSX: COP) could soon be building Chile's newest copper mine.You would think someone would have already looked here.High in the arid hills above the Chilean port of Mejillones, where metal from some of the world's largest copper operations is shipped to Asia, a mining junior thinks it has found the country's next mine.Coro Mining is rapidly advancing Marimaca, an ex...Read More
A regional exploration program on the Monique property, 25 km east of Val-d'Or in Quebec, has identified a new gold zone, Probe Metals (TSXV: PRB; US-OTC: PROBF) says.The 5,357-metre drill program focused on an area surrounding the property's past-producing Monique mine, 5 km east of Probe's New Beliveau deposit.Probe is earning a 60% stake in Monique by spending $2 million on exploration before...Read More