Marijuana stocks have come a long way... but it hasn't been an easy ride.Just ask any marijuana investor who bought shares last year. They may have been tearing their hair out, as I was many times throughout the year.You can watch our horror unfold by the movements of the Horizons Marijuana Life Sciences ETF (HMMJ.TO) chart in the last year:This ETF charts the "equity securities of life sciences c...Read More
The price of palladium is breaking records.And the financial media is buzzing about the white metal.But before you get sucked into the palladium hype, there are a few things investors should know.Palladium Price 1-YearIn the past five months, palladium prices have increased by almost 60%. Yesterday, the price of palladium soared to over $1,400 an ounce, an all-time high for the metal.That's $100 m...Read More
Trading relatively quiet as jewelers begin restockingafter holiday season. Top-tier independents and luxury retailers outpacinglarge jewelry chains: Signet Jewelers Nov./Dec. sales -3% to $1.8B, Richemont'sCartier and Van Cleef & Arpels 3Q revenue +9% to $2.3B, Forevermark 2018 USsales +8%. Cautious outlook for Chinese New Year as Chow Tai Fook 3Q same-storesales -7% in China, -6% in Hong Kong...Read More
Activity slower than usual for January. Dealersfocused on China and Hong Kong for Chinese New Year period. Domestic demandsteady as jewelers push bridal during ongoing wedding season. Manufacturersremain cautious due to tight profit margins, with factories operating belowcapacity since Diwali. Suppliers holding stock in preparation for Hong Kongshow. RoundRead More
RAPAPORT... Signet Jewelers' sales fell during the holiday season, prompting the retailer to lower its full-year outlook. Total revenue dropped 2.5% to $1.84 billion for the nine weeks ending January 5, while same-store sales - at branches open for at least a year - declined 1.3%, the company said Thursday. E-commerce revenue grew 5.6% to $222.3 million. "Our holiday-season performance fell s...Read More
RAPAPORT... The US jewelry industry downsized further last year, as bankruptciesand closures outnumbered new arrivals to the sector, the Jewelers Board ofTrade (JBT) reported. The number of businesses on the JBT's books fell 4.4% to25,102 in 2018, continuing the downward trend recorded over the past few years,according to data the group released Wednesday. However, the decline slowed versus...Read More
RAPAPORT... The impact of lab-grown diamonds on the industry willsignificantly increase in the next two years, according to ABN Amro. "We think that 2019 and 2020 will be the years thatlab-grown diamonds take off and move from an introduction phase to a growthphase," Georgette Boele, senior precious metals and diamonds analyst for the Dutchbank, said in a report Tuesday. "Sooner, rather than later...Read More
(IDEX Online) - CIBJO, the World Jewellery Confederation, and the Federation for European Education (FEEG) in Gemmology, will be presenting a day-long conference at the VICENZAORO January jewelry trade show, organized by the Italian Exhibition Group (IEG), in Vicenza on Saturday, January 19, where the principle focus will be on issues related to responsible sourcing and gemology. For CIBJO,...Read More
(IDEX Online) - The organizers of the Jewelry Industry Summit have published the agenda and speaker roster for the upcoming Jewelry Industry Summit taking place in Tucson, Feb, 2-3. An international array of expert and experienced industry members will share their ideas and recommendations for actions that jewelers can take now to sustain the supply chain for jewelry products, the group sa...Read More
Quebec’s diamond miner, Stornoway, produced 1.32-million carats from the processing of 2.33-million tonnes of ore in the 2018 financial year, missing its guidance of recovering at least 1.35-million carats from the processing of 2.5-million tonnes of ore.In its fourth-quarter and 2018 production and sales results announcement, the TSX-V-listed company said on Wednesday that lower tonnages we...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSustained investment in people a big plus for consultancySPONSOREDbyrnecutAfter a prolonged bear market, Fitch analysts said they expected stronger industry investment to continue, supported by...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe company, which produces copper concentrates from fresh and historic tailings at Codelco's El Teniente mine, said it set new production records in 2018 at Minera Valle Central.Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe majority investor, which had in recent months bolstered its Hudbay position to 11.9%, said it was embarking on its first proxy fight to address Hudbay's chronic underperformance.Read More
Tin premiums in both Europe and China held firm in the week ended Tuesday January 15 despite mounting concerns over continued delays to Indonesian exports, while premiums in the United States moved higher for the first time since June 2018, with low stocks and a widening backwardation adding upward pressure to premiums. European market considers alternative supply solutions US market beginn...Read More
Global zinc and lead premiums were stable over the past week with Asian markets beginning to hold back from conducting business ahead of the Lunar New Year holiday in early February. China's import appetite was low with only some deals for bonded-warehouse cargoes European zinc premiums flat although backwardation largely easing off US market quiet once again Southeast Asian lea...Read More
Comex copper prices increased on Wednesday morning in the United States amid positive tailwinds from the Chinese stimulus news.Comex copper prices increased Wednesday morning in the US amid positive tailwinds from the Chinese stimulus news.The copper price for March settlement on the Comex division of the New York Mercantile Exchange climbed 3.10 to $2.6655 per lb.On Tuesday, China signaled its in...Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 16 that are worth another look.European Union member states on Wednesday January 16 voted to support proposed definitive measures in the region's safeguard case into imported steel, the European Commission said.Hebei Steel, China's largest steel mill, cut its monthly purchase price for silico-manganese for a...Read More
View the Fastmarkets holiday pricing schedule for 2019 and 2020. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2019 and 2020.If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Perrine Faye at perrine.faye@fastmarkets.com...Read More
Chinese ferro-vanadium export prices saw an uptick in the pricing week ended Thursday January 10 amid a comparatively active market as many overseas buyers returned to the market after their year-end holiday break.Fastmarkets' assessment for ferro-vanadium, fob China, was at $69-72 per kg on January 10, up 1.8% from $68.50-70.00 per kg the week before.China's ferro-vanadium export market saw...Read More