RAPAPORT... After Russia invaded Ukraine, sentiment in the diamond industry very quickly shifted from confidence to uncertainty. In this episode of the Rapaport Diamond Podcast, Senior Analyst Avi Krawitz and News Editor Joshua Freedman outline the many questions that remain unanswered for the market and the challenges the crisis poses for the industry. The two also discuss the recent industr...Read More
(IDEX Online) - Lucapa today announced a $9.1m investment that will allow it to speed up exploration projects in Angola and Australia, as diamond prices maintain their steep rise.The Australian miner also said it was exploring a strategic collaboration to sell goods from its newly-acquired Merlin mine directly to the luxury jeweler Margot McKinney.Stephen Wetherall, Lucapa's managing director...Read More
(IDEX Online) - Petra says like-for-like rough diamond prices rose by 46.5 per cent in the six months to December 2021 amid strong demand across all sizes and qualities.The UK-based miner today announced sales of $140.6m at Tender 4, an increase of almost 10 per cent on Tender 3. Last week it announced an interim figure for around 80 per cent of sales as it held Tender 4 in South Africa for t...Read More
(IDEX Online) - Luxury brands including LVMH, Richemont, Chanel, Kering and Hermes are suspending their operations in Russia, in response to its invasion of Ukraine.LVMH, which owns Christian Dior, Tiffany & Co, Givenchy, Kenzo, TAG Heuer and Bulgari closed all 124 of its outlets on Sunday in Moscow, St. Petersburg and Yekaterinburg, but said it will keep on paying its 3,500 employees.Richemon...Read More
The focus on the London Metal Exchange on the morning of Tuesday March 8 is the short squeeze that has sent the nickel market wild - prices were up by over 100% at one stage on Tuesday morning from Monday’s close, at $101,365 per tonne, this after Monday’s 72.7% rise.• Nickel experiencing panic short-covering as some major longs, shorts battle it out• Russia threatening to cut...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Index futures were virtually unchanged following release of the January U.S. Trade Deficit at 8:30 AM EST. Consensus was an increase to $87.00 billion from $80.70 billion in December. Actual was an increase to $89.7 billion. The Canadian Dollar was virtually unchanged at US 77.89 cents f...Read More
The London-listed equities of Alba Minerals (LSE: ALBA) and GreenRoc Mining (AIM: GROC) rose on Tuesday following a maiden graphite resource for the Greenland-based Amitsoq project.GreenRoc has compiled a Joint Ore Reserves Committee- (JORC) compliant indicated and inferred resources of 8.28 million tonnes at an average grade of 19.75% graphitic carbon, giving a total graphite content of 1.63 mill...Read More
Russia's invasion of Ukraine, already pushing up prices for an array of commodities rapidly higher since it began on Feb. 24 - including adding a record 250% to the price of nickel over the past two days - will have longer-lasting structural effects on metals and mining markets and supply, said BMO Metals and Mining in a report released on Monday. The report "Ukraine & Russia: Identifying Exposur...Read More
Women working across the resource industry continue to face challenges around bullying, discrimination and inequitable treatment, a new report by the Australasian Institute of Mining and Metallurgy (AusIMM) shows.According to the document, which is based on the responses of 550 people polled for the organization's fourth annual Women in Mining Survey, 70% of female respondents said bullying is com...Read More
This week's episode features Integra Resources president and CEO George Salamis in conversation with Northern Miner Podcast host Adrian Pocobelli. George discusses the recent BMO conference in Florida, supply concerns ("We're short on everything"), and how North America can streamline its metal production with faster permitting timelines.This week's CEO Spotlight features Lomiko Metals chief execu...Read More
The London Metal Exchange (LME) cancelled nickel trading on Tuesday after a first-time 250% price spike triggered by Western sanctions against major producer Russia, which left brokers struggling to pay margin calls against unprofitable short positions.Prices for the metal, key ingredient in batteries that power electric cars and high-tech devices, soared to a record above US$100,000 a tonne amid...Read More
Mkango Resources (TSXV: MKA) says that it has produced neodymium and praseodymium enriched rare earth carbonate on a pilot basis from raw materials taken from its Songwe Hill Rare Earths project in Malawi in east Africa. The company's CEO William Dawes told The Northern Miner that the hydrometallurgical piloting, which took place at Australia's Nuclear Science and Technology Organisation, was a...Read More
ET NOW, Released on 3/8/22Speaking to ET Now, Marc Faber, Editor and Publisher of "The Gloom, Boom & Doom Report" says a stock selloff was expected on lower-than-expected US recovery. He is seeing a disconnect between the fed & the real economy. He believes investors use conflict to sell overvalued stocks. He feels only commodities, Agri, oil, and precious metals have benefitted. He advises owning...Read More
THE EARLY STAGE INVESTOR, Released on 3/8/22Ferg continues to be proven right. A lot.Topics include:00:00 - Oil25:40 - Noble Corp #NE14:15 - Oil28:06 - Fall of an Empire? + More Oil Talk35:07 - Uranium45:30 - ARKK + Thoughts on Oil50:47 - Where to Learn MoreHow to find Ferg:Twitter: @trader_fergWebsite: traderferg.comWhere to find THE EARLY STAGE INVESTOR:Twitter: @TheEarlyStage commodities, i...Read More
George Gammon, Released on 3/8/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the ag...Read More
Liberty and Finance, Released on 3/8/22Gold and silver are skyrocketing. Gold is nearly at an all-time high. "We're seeing a decimation of availability," says Andy Schectman, president & CEO of Miles Franklin. Current demand rivals the 2021 #SilverSqueeze. "This is one of the last trains out," he believes.0:00 Intro1:13 Shortages7:23 COMEX price12:32 Gold all-time high21:28 Shipping23:54 Weekly sp...Read More
Zero Hedge, Released on 3/8/22It's time for DoubleLine's CEO Jeff Gundlach to share his market thoughts with everyone as part of his periodic live webcast, titled this time "Convoy" which can be accessed at the following link:Continue... Jeff Gundlach shares his market thoughts with everyone added by Herman James on 03/08/2022View all posts by Herman James ?+'Read More
Navy Times, Released on 3/8/22"With respect to Navy Commander, the Navy has lost confidence in his ability to lead and will not deploy the warship with him in command," the filing states.Continue... U.S. destroyer can't deploy because the commanding officer won't get COVID vaccine, Navy says added by Herman James on 03/09/2022View all posts by Herman James ?+'Read More
The following webinar took place on March 7, 2022. The impact of the Russian invasion and sanctions were analyzed. Sara Yood explained the legal implications of the US sanctions. Avi Krawitz discussed the impact of the sanctions on rough supply. Martin Rapaport provided a strategic overview of how the new economic warfare will impact inflation, interest rates and diamond prices.Please share your c...Read More
Companies working in the mining sector in Chile see little chance that the proposal will prosper and make it to the final draft constitution given that it has already been rejected once for inclusion by the plenary session of the Constitutional Convention. A second rejection by the plenary session will see the proposal be dropped for good."The environment committee is one of several committee's ma...Read More