Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
(IDEX Online) - Tiffany & Co. has confirmed it has received an unsolicited, non-binding proposal from LVMH Moet Hennessy - Louis Vuitton to acquire it for $120 per share in cash.The luxury jeweler said that while the two sides are not in discussion, its Board of Directors is reviewing the proposal to determine the best course of action for the company and its shareholders. According to a...Read More
(IDEX Online) - New research by the De Beers Group in its latest Diamond Insight Report reveals the increasing role women are taking in purchasing engagement rings. According to the research, the share of U.S. women buying their own engagement ring doubled from 7 percent to 14 percent within a five-year period.The research also found that when women buy their own diamond engagement ring they spend...Read More
(IDEX Online) - Diamond explorer Botswana Diamonds has announced that its associate Vutomi Mining Pty Ltd has received a mining permit for the iconic Marsfontein Mine. The permit covers the mine's diamond-bearing gravels and unprocessed stockpiles.The mine, which comprises a kimberlite blow, operated for two years in the late 1990s with a pay-back of its entire development cost in less than f...Read More
Export prices for hot-rolled and cold-rolled coil from the Commonwealth of Independent States continued to fall during the week ended Monday October 28, although market sources told Fastmarkets they doubted the market could decline much further. Fastmarkets' price assessment for steel HRC export, fob Black Sea, CIS was $360-375 per tonne on October 21, down from $375-385 per tonne a week ear...Read More
LONDON - Anglo American unit De Beers said its 2019 marketing budget will exceed last year's figure of $170-million and will focus on the biggest market the United States, where women lavishing diamonds on themselves has boosted sales.While US demand has held firm, the diamond market has weakened elsewhere and trade tensions and protests in Hong Kong have dented sales in China, the second larg...Read More
A new Singapore Steel Forum will kick off for the first time next year as part of Singapore Iron Ore Week (SIOW) 2020.Fastmarkets will drive the forum together with the Singapore Exchange (SGX) and Enterprise Singapore as part of an expanded SIOW, which will be held on May 18-21 2020 at Sands Expo & Convention Centre. The Singapore Steel Forum will be held on May 20 and will include global steelma...Read More
Chinese steelmakers kept their export offers for hot-rolled coil unchanged on Tuesday October 29 amid a stable domestic market.DomesticEastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,500 yuan per tonne, unchangedSteady demand kept domestic prices unchanged during the day.A Shanghai-based trader thinks demand will be sustained for several days...Read More
Golden Mile goes back to the futureSPONSOREDgolden mile resourcesThe Newcrest Mining and BHP-backed company has been conducting metallurgical testwork ahead of a prefeasibility study, due out in the March quarter of 2020, resulting in improvements in copper, goldRead More
Aim-listed BlueRock Diamonds has sold the 20.72 ct diamond recovered from its Kareevlei mine, in South Africa, in September, for $236 000, or $11 389/ct.This is the highest value achieved for the mine to date for a single diamond, surpassing the previous record sale of $190 000 for a 24.8 ct diamond.Advertisement“I am pleased with the recovery and sale of yet another high-value dia...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, plate, sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
Golden Mile goes back to the futureSPONSOREDgolden mile resourcesThe ASX-listed company is proposing to acquire 80% of the Oracle Ridge mine for an upfront consideration of US$500,000 and payments of $1.Read More
The decline in Asian hot-rolled coil prices has continued to apply downward pressure on slab prices in the region, sources told Fastmarkets.Fastmarkets' price assessment for steel slab imports, cfr Southeast Asia and East Asia, was $375-380 per tonne on Monday October 28, as compared with $370-385 per tonne from a week earlier.During the week to Monday, a Russian producer...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftHowever the CEO of Northern Dynasty Minerals' (TSX: NDM) subsidiary said it was clear sw...Read More
Looking...ACCESS 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 latest issue as soon as it’s published.Su...Read More
Chinese industrial profits disappoint, but improvement...ACCESS 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...Read More
Aluminium The LME three-month aluminium price is in...ACCESS 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 t...Read More
Deficits define the 2019 fundamental backdrop... ACCESS 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 latest...Read More
Supply deficit climbed to 30,300...ACCESS 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 latest issue as soon...Read More
In this week’s analysis, we highlight the bullish...ACCESS 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...Read More
Seaborne iron ore prices were down on Tuesday October 29 amid market uncertainty about demand levels in winter.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $86.64 per tonne, down $1.34 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $86.46 per tonne, down $1.34 per tonne.62% Fe low-alumina fines, cfr Qingdao: $85.25 per tonne, down $1.40 per tonne.58% Fe fines high-prem...Read More