This is but one of the seeds planted in the minds of investors because of the Wall Street Bets hopium turned Cartel coopted psyop and more...(by Half Dollar) I must admit, I fell for the Wall Street Bets hype.Don't judge.It happens.I fell for the Wall Street Bets hype for all of about six hours, which would be about the time I was researching and writing this article, to the time I updated it for...Read More

The Wall Street Bets crowd is trying by cleaning out physical silver from bullion dealers and buying up shares of...by Jason Burack of Wall St For Main StJason shares his thoughts on the new silver short squeeze that the Wall Street Bets crowd is trying by cleaning out physical silver from bullion dealers and buying up shares of First Majestic Silver. (NYSE: AG).Commit to tipping us monthly for ou...Read More

Ball Corp expects investment in beverage packaging to continue to grow as demand for sustainable aluminium cans for traditional and non-traditional beverages continues to accelerate, the Colorado, United States-based company said in its 2020 earnings report. After delays to some projects last year for health and safety reasons due to the Covid-19 pandemic, additional beverage can line investments...Read More

Turkish prices for hot-rolled and cold-rolled coil both fell in January 2021, with the market slow to moderate because of decreasing prices globally, Fastmarkets heard on Thursday February 4.The country's HRC producers were fully booked until late April, so most market participants expected prices to show more correction, after the sharp increases in November and December 2020."There was a shortag...Read More

Polished market segmented. Goods below 1 ct. softening, with slowdown in D, IF category after strong 2020 recovery. 1.50 ct. and larger firm. 1 ct. RAPI -0.6% in Jan., 3 ct. +1.7%. Polished inventory expected to rise in coming months after strong Dec.-Jan. rough buying. De Beers Jan. sales +18% to $650M. Let??eng 4Q sales +6% to $55M, average price +11% to $1,907/ct. Hong Kong dealer market slowin...Read More

RAPAPORT... Pandora's revenue fell 1% year on year to DKK 7.89 billion ($1.27 billion) in the fourth quarter as lockdowns forced stores to close in key markets.Around 10% of physical stores around the world were shut during the period, with traffic at self-owned retail locations falling 60% compared with the same period a year ago, the Danish jeweler reported Thursday. Online sales partly com...Read More

RAPAPORT... The positive sentiment the diamond market experienced during the past few months was a welcome change from the gloomy tone that characterized 2020. Buoyed by holiday sales that proved better than expected, the trade gained the confidence to buy again, even with activity limited mostly to online platforms.For the first time in many years, polished suppliers struggled to fill orders due...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Genscape is now part of Wood Mackenzie. As we combine their commodity intelligence and proprietary short-term data sets with Wood Mackenzie’s world-class long-term analysis, we will be able to offer you unparalleled depth and br...Read More

RAPAPORT... Swatch Group, which owns Harry Winston and several prestigious timepiece brands, saw sales tumble last year as lockdowns around the world sapped demand, especially at tourist locations.Revenue fell 32% to CHF 5.6 billion ($6.21 billion) in 2020, the Swiss company reported last week, noting that the decline was less severe in the second half than in the first. Sales of watches and...Read More

RAPAPORT... Dominion Diamond Mines has completed the sale of its Ekati mine in Canada, and has resumed operations at the site.Arctic Canadian Diamond Company, a business owned by two of Dominion's bondholders, has acquired all of Dominion's assets, except its 40% stake in the Divaik mine, which it shares with joint-venture partner Rio Tinto, Dominion said Wednesday.Under the terms of the agreement...Read More

RAPAPORT... The Gemological Institute of America (GIA) is offering $2 million in scholarships this year, with the funds available mainly for distance-learning courses due to the pandemic.Prospective students around the world may apply, with the deadline falling on March 31 for all classes that start between June and December 2021, the GIA said Wednesday. On-campus availability is limited. The...Read More

(IDEX Online) - Pandora reported an increase in its Q4 net profit, up by almost five per cent to $289.6m, despite the ongoing uncertainty around COVID-19.Online organic growth more than doubled, up by 104 per cent, and online sales contributed 32 per cent of total revenue. Overall organic growth was four per cent.The Danish jeweler, best known for its charm bracelets, saw revenue fall by 0.8 per c...Read More

(IDEX Online) - A collection of high-end watches and jewelry seized from criminals by British police and valued at $1.1m is being auctioned off.Among the 100-plus lots are 15 Rolex, Patek Philippe and Hublot watches and items of diamond jewelry by Cartier and Tiffany & Co. They were were all reclaimed by UK police forces and Government agencies under the Proceeds of Crime Act, whereby con...Read More

RAPAPORT... The All India Gem and Jewellery Domestic Council (GJC) has named Ashish Pethe as its new chairman as part of a shake-up of its leadership team.The council, which represents India's domestic jewelry industry, elected nine new board members, who in turn picked Pethe as chairman, he told Rapaport News this week. His term began on January 1 and will last two years. He succeeds Anantha...Read More

Forward prices on the London Metal Exchange made luckluster moves on Thursday February 4, with the upcoming Chinese New Year holiday and a high US dollar index leading to consolidation.Copper was part of the stable LME cohort, staying broadly unchanged at $7,823 per tonne on Thursday compared with $7,842.50 per tonne at Wednesday's close, albeit on low volumes of just over 10,400 lots exchang...Read More

General Motors (GM) has become the latest automaker hit by the global shortage of computer chips and has been forced to temporarily stop production in North America and South Korea, it said on Wednesday February 3.The US automaker will cut production entirely at three of its factories in North America and will halt production at one assembly plant in South Korea during the week of February 8. The...Read More

Automotive original equipment manufacturers (OEMs) do not agree that there should be an additional premium for "green" aluminium, Mark White, industry consultant and innovation director at DSW Automotive, told Fastmarkets. White spoke about the automotive industry's stance on a green aluminium premium during a Fastmarkets webinar titled "Empowering Consumers: The Future of Responsible Materials &...Read More

The prospective owners of KAZ Minerals have increased their offer to buy the copper miner to $3.7 billion in their effort to take the London Stock Exchange-listed entity private, Fastmarkets understands.The rise in the consortium's offer comes at a time when the London Metal Exchange copper price has increased by nearly $1,000 per tonne since the first bid for the company was made, together with t...Read More

Start, Rio Tinto's new digital sustainability label, uses blockchain technology to encrypt key information about the company's aluminium, functioning like a "digital filing cabinet," vice president of sales marketing at Rio Tinto Aluminium Tolga Egrilmezer told Fastmarkets. Egilmezer lauded the advantages of using blockchain for its Start label during Fastmarkets' webinar "Empowering Consumer...Read More

Glencore and Century Aluminum Co have agreed a deal for the sale of 150,000 tonnes of Natur-Al brand aluminium to Austria-based Hammerer Aluminium Industries (HAI). Glencore will supply the aluminium to HAI over five years, Glencore said in a press release on Thursday February 4. Natur-Al products are made using energy from 100% renewable sources at Century's Nor??ur??l Grundartangi aluminum plant...Read More