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
Hot-rolled coil prices in the United States have resumed their uptrend, with buyers on the sidelines waiting for mills to open their order books amid limited material availability, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $44 per hundredweight ($880 per short ton) on Wednesday December 9, up by 0.64% after slipping to $43.72 per cwt on...Read More
The nickel briquette premium in the United States showed a significant decline on Tuesday December 8, largely prompted by aggressive selling, with some market participants seeking to reduce premiums in order to capture business.Meanwhile, the price in China for nickel pig iron (NPI) continued its decline, while European market participants reported significantly lower prices being achieved in annu...Read More
Chilean miner Codelco has increased the US benchmark copper premium for 2021 supply of cathode to traders, though the premium for most end users is flat, a source with direct knowledge of the matter confirmed on Wednesday December 9."For the [copper supply to the United States], it was not a rollover in general," the source told Fastmarkets. "[Codelco has] increased premiums for most traders; [the...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 9 that are worth another look.Domestic prices for hot-rolled coil increased substantially across Europe in the week to December 9 due to a materials shortage in the market combined with good demand from distributors, sources told Fastmarkets.Alcoa...Read More
Seaborne coking coal prices in the cfr market jumped on Wednesday December 9 due to relatively tight supplies for steel mills in China, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $102.81 per tonne, down $0.27 per tonnePremium hard coking coal, cfr Jingtang: $176.55 per tonne, up $7.03 per tonneHard coking coal, fob DBCT: $92.56 per tonne, down $0...Read More
London Metal Exchange nickel, zinc and tin prices hit new 2020 highs on the morning of Wednesday December 9, with the base metals complex upbeat due to new proposals for a US Covid-19 stimulus package and the dollar index remaining low. Zinc's three-month price was up 1.9% at $2,852.50 per tonne on Wednesday from Tuesday's closing price of $2,799.50 per tonne. This price set a new high for 2020, a...Read More
The base metals remain upbeat this morning, Wednesday December 9, with all the metals on the London Metal Exchange in positive territory on hopes that a US stimulus package may be on the way.The potential headwinds - political tensions between the United States and China, a no-deal Brexit and the continuing out of control spread of the virus, are for now taking a backseat. China's consumer price i...Read More
For the first time ever, total silver investment demand exceeded industrial demand by a wide margin. So, for the analysts who continue to... by Steve St Angelo of SRSrocco ReportU.S. Silver Eagle sales this year are RED HOT pushing total silver investment demand to record highs. According to the U.S. Mint's most recent update, Silver Eagle sales in 2020 have surpassed 30 million and may continu...Read More
Questions about the CFTC's long failure to do its job against manipulation of the gold and silver markets are answered if one understands that the...9:09p ET Monday, December 8, 2020Dear Friend of GATA and Gold:In commentary today two of our friends, silver market analyst Ted Butler and GoldSilverPros.com editor and publisher Robert Kientz, seem astonished that the U.S. Commodity Futures Trading C...Read More
Domestic prices for hot-rolled coil increased substantially across Europe in the week to Wednesday December 9 due to a materials shortage in the market combined with good demand from distributors, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?603.33 ($730.77) per tonne on Wednesday, up by ?,?25.83 per tonne from ?,?577.5...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday December 9.Please click...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.The New York Harbor Product Storage report is the first of its kind and relies on the same highly calibrated infrared camera, aerial diagnostic and proprietary technologies we use to measure and deliver our industry standard Cush...Read More
RAPAPORT... Losses from crime against the US jewelry industry soared 89% to $101 million in 2019, reflecting a splattering of high-value burglaries perpetrated by gangs.Burglary losses more than tripled to $40.5 million, from $11.6 million in 2018, the Jewelers' Security Alliance (JSA) said Tuesday in its annual crime report. The total number of criminal events declined 0.2% to 1,438."After m...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.On Friday 15th February 2019, Vale announced there was a fire affecting a conveyor belt system at its distribution centre in Malaysia. Vale anticipate this will result in a 10 to 15 day halt in operations and note that a planned 10 da...Read More
RAPAPORT... The American Gem Society (AGS) has rescheduled its next annual Conclave, which was due to take place in April 2021.The Las Vegas-based organization is planning to hold the event in the fall, and is working to select the dates and a location, it said Tuesday. The 2021 Conclave was scheduled to run from April 26 to 28 at the Omni Louisville Hotel, Louisville, Kentucky, after th...Read More
RAPAPORT... Christie's sold a Kashmir sapphire and diamond bracelet to Harry Winston for $6 million on Tuesday, kicking off the December New York Magnificent Jewels season.The piece, which led the auction house's New York sale, featured a 43.10-carat sapphire surrounded by 67.90 carats of D-color, internally flawless diamonds. The final price fell within the estimate of $5 million to $7 milli...Read More
Canadian producer Taseko Mines has received a key environmental permit for its Florence copper project in the US state of Arizona.The Arizona Department of Environmental Quality granted Taseko's Florence copper project the aquifer protection permit, the company said on Tuesday December 8."The US Environmental Protection Agency continues to advance their permitting process, and our expectation is t...Read More
(IDEX Online) - The American Gem Society (AGS) has postponed its 2021 Conclave, an annual education, social and networking event for jewelry traders, after cancelling the 2020 event.It now hopes to host a Conclave in the fall, instead of the event that had been planned for 26-28 April 2021 in Louisville, Kentucky, USA.The AGS has been holding Conclaves at venues around the USA since 1937."This was...Read More
(IDEX Online) - The lab-grown company that boasts Leonardo di Caprio among its high-profile investors has opened a sales and distribution hub in Dubai.Diamond Foundry, was launched as a startup in 2012 by entrepreneurs Martin Roscheisen and Jeremy Scholz in San Francisco, with backing from 10 billionaires, as well as the American actor, producer and environmentalist. It uses solar technology to cr...Read More
(IDEX Online) - Angola's alluvial Lulo project has delivered yet another +100-carat diamond, its 16th since commercial operations began there five years ago.The 127-carat gem-quality white stone is the first to be recovered from the leziria - flood plain - in a particular mining block within the 3,000km2 concession in the country's Lunda Norte diamond heartland, said Au...Read More