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

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.Big Oil is on the move, feeling its way into a changing energy world. There are two sides to adapting: how to decarbonise oil and gas and how to build a sustainable business around zero-carbon technology. Valentina Kretschmar, VP and...Read More

Jewelers upbeat about holiday season amid strong e-commerce and lucrative early gift shopping. Last-minute US orders and preparations for Chinese New Year driving polished trading. China jewelry market robust. Luxury demand good at NY auctions: Christie's sells $45M (91% by lot) including Kashmir sapphire and diamond bracelet to Harry Winston for $6M. Sotheby's raises $47M, with heart-shape, 1.71...Read More

RAPAPORT... Alrosa's diamond sales rose in November to their highest level since January as customers continued to replenish their rough inventories ahead of the holidays.Revenue from rough and polished goods jumped 36% year on year to $390.5 million, the Russian miner reported Thursday. Rough sales increased 33% to $374.1 million, while sales of polished almost tripled to $16.4 million, from...Read More

RAPAPORT... Australian jeweler Michael Hill predicted a rise in profit for the current half year after reporting growth in same-store sales.Sales at branches open for at least 12 months increased 8% year on year in the 22 weeks ending November 29, even as total revenue slipped 1.3% to AUD 224.9 million ($168.2 million), the Queensland-based retailer said Wednesday. The group expects earnings...Read More

RAPAPORT... The diamond and jewelry industry has made important strides in its responsible sourcing practices, but it cannot become complacent, a recent report by Human Rights Watch (HRW) found. Besides, Covid-19 has brought new challenges that affect all levels of the distribution chain.In episode 37 of the Rapaport Diamond Podcast, Juliane Kippenberg, associate director of the Children's Ri...Read More

Domestic European prices for hot-dipped galvanized coil increased over the week to Wednesday December 9, due to low availability, good demand and higher feedstock prices, sources told Fastmarkets during the week.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?680-730 ($823-884) per tonne on December 9, widening upward from ?,?680-700 per tonne a week earli...Read More

(IDEX Online) - Divers who scan the shallow sea floor off South Africa's western coast for diamonds claim an industrial mining operation is muddying their waters and causing long-term damage.They've complained to environmental inspectors about a series of coffer dams - temporary sea walls built by diamond mining companies so they can pump out water and sift the gravel for gems.The countr...Read More

(IDEX Online) - Alrosa's sales of rough and polished were $390.5m in November, up more than a third on the same month last year.The Russian miner said demand for rough had remained strong ahead of the holiday season, especially in the USA and China.It rolled its October and November trading sessions into one as part of a "rhythmical" offering of goods, saying sales were no longer inextricably...Read More

Domestic prices for hot-rolled coil increased substantially day on day in Northern Europe on Thursday December 10 due to a materials shortage in the market combined with good demand from distributors, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?605.00 ($732.28) per tonne on Thursday, up by ?,?1.67 per tonne from ?...Read More

Adapted with permission from Only Natural Diamonds, by the Natural Diamond Council(IDEX Online) - More than four out of five diamond cutters at a center in Windhoek, Namibia, are disabled.Andr?? (C) Messika, a supplier of polished diamonds to the luxury jewelry market, employs 43 diamond cutters, 28 of whom are hearing impaired and eight polishers who are wheelchair users.Marc Friedman, operations...Read More

The London Metal Exchange three-month nickel price rallied 4% and four metals in the base metals complex - tin, nickel, copper and zinc - set new 2020 highs during trading on Thursday December 10 on rising expectations for the approval of a Covid-19 vaccine in the United States. The three-month nickel price was at $17,430 per tonne on Thursday at 5pm, 4.35% higher than its Wednesday evening price...Read More

Hydro will be looking to strengthen its position in low-carbon aluminium as part of its 2025 strategic direction, the producer said during its capital markets day on Thursday December 10. The producer said over the past year it has seen increased demand for its low-carbon brand products, Hydro CIRCAL and Hydro REDUXA, and greater demand is expected also in 2021. "We have generated cash, cut costs...Read More

Chilean state-owned copper producer Codelco reached a 36-month labor agreement with the workers' union representing its employees at the Radomiro Tomic division in the country's northern Antofagasta region ahead of time, the company said on Thursday December 10. The agreement was comprised of no salary raises and a cut in half on bonus for completing the negotiations to 3.55 million Chilean pesos...Read More

China's imports of unwrought copper dropped to a six-month low in November, according to Chinese customs data released on Monday December 7.Imports totaled 561,311 tonnes last month, a decrease of 9.2% from 618,108 tonnes in October and the lowest monthly volume since May, when 436,031 tonnes were imported. May preceded two record-breaking months for Chinese copper imports in June (656,483 tonnes)...Read More

Base metals prices were steady on the morning of Thursday December 10, staying around price highs established on Wednesday on the London Metal Exchange when tin, zinc and nickel rallied to new year-to-date highs. The three-month nickel price rose during morning trading to $16,865 per tonne, setting yet another year-to-date high on Thursday. The metal's three-month price was at $16,820 per tonne at...Read More

Genesis opens new chapter at UlyssesSPONSOREDgenesis minerals'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningPantoro bullish on bigger production profileSPONSOREDpantoro limitedOceanaGold commits to net zero emissions by 2050SPONSOREDoceanagoldThe package includes a US$31 million loan, with about $9 million of that already advanced to the company since early...Read More

Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) was close to concluding negotiations with automotive producers to raise its prices for steel under annual contracts in 2021 by 30-45% across different products, commercial director Luis Martinez said on Thursday December 10.For hot-rolled coil, the increase was expected to be 40-45%, while the company was aiming for a 30-35% rise for galva...Read More

New bookings of Commonwealth of Independent States (CIS)-origin billet in Southeast Asia and Turkey were heard at higher prices in the week to Thursday December 10, while some suppliers were reported to have withdrawn from the market to reconsider prices, sources told Fastmarkets. A billet cargo originating in Russia was heard booked to Turkey earlier this week at $538 per tonne cfr, which would n...Read More

ArcelorMittal Gijon resumed steel making operations this week after six days of downtime due to industrial action, a company representative told Fastmarkets.The steel production at ArcelorMittal's Gijon plant, located in Asturias, Spain, was suspended on December 3 because of a worker's strike, Fastmarkets understands.Gijon steelworks has a capacity to produce about 600,000 tonnes per year of heav...Read More

Look beyond market approach to project valuations: van ZylLeadershipGenesis opens new chapter at UlyssesSPONSOREDgenesis minerals'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningPantoro bullish on bigger production profileSPONSOREDpantoro limitedAurelia Britsch, head of commodities at Fitch Solutions, told Mining Journal the outlook for 2021 was generally pos...Read More