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

Trafigura's warehousing and logistics arm, Impala Terminals, has launched a certified carbon-neutral freight service allowing its customers to offset their indirect greenhouse gas (GHG) emissions by financing carbon projects worldwide.The service will show its clients the indirect 'Scope 3' GHG emissions (as defined in the globally accepted GHG Protocol) generated by the transportation of their sh...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 9 that are worth another look.Canada's coking coal exports to China increased by a fifth in 2020 amid a "verbal ban" imposed by Chinese authorities on cargoes from Australia late last year.Trafigura's warehousing and...Read More

Canadian regulators have approved another Bitcoin exchange-traded fund (ETF).The approved Bitcoin ETF will be launched today by the CI Global Asset Management group.This marks the third time that the said country’s regulators are enabling Bitcoin ETF launch.Canada’s securities regulators have approved another Bitcoin exchange-traded fund (ETF). In fact, the Bitcoin ETF is expected to l...Read More

The futures price of tin on the London Metal Exchange moved up by more than $200 per tonne on Tuesday March 9, while the rest of the base-metals complex closed at lower numbers, with nickel and copper seeing further sales during the latter part of trading with consolidation continuing.Tin's price rose by 0.5% on Tuesday to $24,435 per tonne at the close, from Monday's closing price of $24,325 per...Read More

The three-month nickel price on the London Metal Exchange fell to $15,910 per tonne during morning trading on Tuesday March 9, while the aluminium price slid by 1%, with consolidation mode still in force across the complex as a number of macroeconomic factors affect sentiment.Nickel's decline comes after a 0.6% rise at Monday's close, when it stood at $16,340 per tonne. The metal bottomed at $15,6...Read More

Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Tuesday March 9, with prices generally consolidating after recent weakness, while there are cross currents in the form of bond yields, stimulus and inflation expectations affecting sentiment. Brent crude oil prices dip back below $70 per barrel after Monday's move above $71 per barrelInf...Read More

Get in the fight!by Bix Weir of Road to RootaNOW is the time to make your voice HEARD to END Silver market manipulation. It's time for YOU to ACT! Copy and paste this letter to the CFTC and all your Gov't representatives. Get in the fight!Article with letter: silverseek.com/article/time-act Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.United StatesDomestic prices for hot-rolled coil (HRC) in the United States averaged $1,316 per tonne in February 2021, and Fastmarkets' research team expects prices to maintain that momentum through March and April.Flat steel product prices in the country continue to be supported by exceedingly tight supply, reflecting prod...Read More

The strength of the economic recovery in China in 2020 defied the expectations of most market observers. According to estimates by Fastmarkets, apparent consumption in the country rose by 9% in 2020 compared with a 12% fall in the rest of the world.Crucially, this increase in supply was a response to a boom in steel demand in the East Asian nation. In the first quarter of 2020, demand (or real con...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Chinese export prices for seamless oil country tubular goods (OCTG) and linepipe barely moved in February 2021, after rallying in January, because the holidays to celebrate the Lunar New Year curbed market activity sharply.With the holiday now ended, we have seen some sharp jumps in round billet prices and we expect there to...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.United StatesDomestic prices for hot-rolled coil (HRC) in the United States averaged $1,316 per tonne in February 2021, and Fastmarkets' research team expects prices to maintain that momentum through March and April.Flat steel product prices in the country continue to be supported by exceedingly tight supply, reflecting prod...Read More

The futures price of tin on the London Metal Exchange moved up by more than $200 per tonne on Tuesday March 9, while the rest of the base-metals complex closed at lower numbers, with nickel and copper seeing further sales during the latter part of trading with consolidation continuing.Tin's price rose by 0.5% on Tuesday to $24,435 per tonne at the close, from Monday's closing price of $24,325 per...Read More

RAPAPORT... Gunderson's Jewelers, which owns four stores across the US midwest, has acquired JB Hudson Jewelers, a retailer based in Minneapolis, Minnesota."We look forward to adding a fifth store to our ever-growing family and serving the Twin Cities community," Gunderson's said Monday in a post on its Facebook page, referring to the Minneapolis and Saint Paul region. The company, founded by...Read More

RAPAPORT... The Chinese New Year of 2020 could not have come at a worse time for the jewelry industry. The spread of the coronavirus across China - and beyond - was suddenly becoming a major threat to public health. Stores shut, and consumers canceled their travel plans. Retailers reported heavy sales slumps. Diamond suppliers, especially in India, feared their Far East clients would miss pay...Read More

RAPAPORT... Pandora restarted business at a number of locations that had been on lockdown, amid strong sales growth in February.Approximately 25% of the Danish jeweler's retail network is currently closed due to a resurgence of coronavirus cases, compared to 30% in January, it said Tuesday. The company's sales rose 12% on an organic basis versus the same month of 2020, and increased 10% compared t...Read More

A summary of base metals premiums from across the globe for the week to Tuesday March 9.Read More

ElementUS, a joint venture to extract rare earth elements and minerals from bauxite residue, has received a financing inducement from the US state of Louisiana that will take it a step closer to constructing its facility there.The company is owned by DADA Holdings LLC, the principal owner of New Day Aluminum, and Canada-based green technologies firm Enervoxa. It plans to build a 1-million-tonne-pe...Read More

(IDEX Online) - A suspect accused of stealing a suitcase containing $2.1m of jewelry from a trade fair in Russia has been extradited to stand trial.Colombian national Edgar Alejandro Valero is alleged to have stolen the suitcase from the pavilion of the Kazanskaya Yarmarka exhibition center (pictured), in Kazan, in July 2018.He was apprehended in Argentina in September 2019 and has now been extrad...Read More

(IDEX Online) - Demand at a series of rough tenders in Dubai was "extremely high", said Trans Atlantic Gem Sales DMCC (TAGS) as it sold the vast majority of 72,000 carats on offer.Total proceeds from 24 February to 3 March were down slightly from the January tender, which raised almost $60m from the sale of all 87,000 carats offered.TAGS said it presented gems from Southern Africa and Angola worth...Read More

(IDEX Online) - Diamond tech firm Sarine is to seek broader investment by listing its shares in Tel Aviv as well as Singapore.It's taking advantage of recent moves by both the Tel Aviv Stock Exchange (TASE) and The Singapore Exchange ("SGX") to allow dual listings.Israel-based Sarine Technologies has been listed on SGX since it went public in April 2005. It hopes to join the TASE (pictured) i...Read More