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
The US Dollar Index edged higher amid scepticism US president-elect Joe Biden would be able to find enough support for his US$1.9 billion spending proposal, Marex Spectron's Anna Stablum noted on Friday.The gold price fell to last trade at $1,818 an ounce on the spot market, having been around the $1,850/oz mark on Thursday.Mining majors fell on Friday.Copper major Freeport-McMoRan closed down 5.1...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Will the winter surge in COVID-19 and bond yields stop the bull market in commodities and cryptocurrencies? We tackle that question in this week's Insights. We also found a video of Gary Gensler giving us his take on whether Ripple is a security. Why does it matter what Mr. Gensler thinks? We cover that question as well.Will COVID-19 and bond yields kill the bitcoin rally? Click here to read the...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
China's iron ore imports increased by 9.5% in 2020 in comparison with 2019, Chinese customs data shows.The country imported 1.17 billion tonnes of the steelmaking raw material last year, compared with 1.07 billion tonnes in 2019, according to the statistics released on Thursday January 14.This is despite a 4.5% year-on-year drop in imports in December to 96.74...Read More
China's steel imports increased sharply in 2020 but exports declined from 2019 levels, according to Chinese customs data released on Thursday January 14.2020 imports: 20.23 million tonnes, up by 64.4% from 2019. ...Read More
Turkey's Ministry of Trade announced on Saturday January 9 the initiation of an anti-dumping investigation into imports of hot-rolled flat steel from the European Union and South Korea.The products under investigation are under HS codes 7208.10.00, 7208.25.00, 7208.26.00, 7208.27.00, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.00, 7208.40.00, 7208.52.10, 7208.52.99, 7208.53.10, 7208.53.90, 7208.54...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
In an era of historically low interest rates, investors are desperately looking for value. If current activity is anything to go by, they believe it lies in commodities.That is because prices of key commodities are steadily gaining; copper has hit eight-year highs above $8,000 per tonne, nickel is at six-and-half year highs near $18,000 per tonne, and iron ore prices are at levels last seen in 201...Read More
In late November, silver was trading at $22. By January 6th, it reached $27.80, gaining an impressive 26% over just six weeks. Is this silver rally over?by Peter Krauth via Streetwise ReportsSilver just dropped about 10% in three trading days, and some are freaking out.I say just relax...and buy the dip.In late November, silver was trading at $22. By January 6th, it reached $27.80, gaining an impr...Read More
RAPAPORT... Lucara Diamond Corp. has unearthed a 341-carat white diamond at its Karowe mine in Botswana, the first over 100 carats the deposit has produced this year.The miner recovered the "high-quality," unbroken stone from the site's south lobe M/PK(S) area, known for its large, high-quality rough, it said last week.The newest find is the 54th 200-carat-plus diamond Karowe has yielded since 201...Read More
RAPAPORT... Rights and Accountability in Development (RAID), a UK-based nonprofit, has written to Petra Diamonds' major debt holders to raise concerns about alleged human-rights abuses at its Williamson mine in Tanzania.RAID claims to have documented at least seven deaths and 41 assaults by security workers at Williamson since Petra acquired the mine in 2009. It detailed the allegations in No...Read More
RAPAPORT... US retail sales increased 8.3% during the recent holiday season, as consumers looked to connect with family and friends during the pandemic, the National Retail Federation (NRF) said.Consumers spent $789.4 billion over the November-to-December period, according to the NRF, which bases its numbers on figures from the US Census Bureau. That total exceeded the NRF's prediction of a 3.6% t...Read More
RAPAPORT... De Beers has reduced its sightholder list in a revamp of its supply system, with more goods expected to go to pure-play manufacturers, especially those with Africa-based factories.The new list features fewer diamond dealers than before, as De Beers wants as many clients as possible to be adding value by processing goods into marketable polished rather than reselling the rough, ins...Read More
(IDEX Online) - Employers in the US fine jewelry industry rate themselves highly when it comes racial justice, but don't necessarily practice what they preach, says a major new survey.Seven out of 10 rated themselves as "very good" at racial justice and equity in a survey about diversity and inclusion conducted by trade association Jewelers of America and National Jeweler magazine.But only 41...Read More
(IDEX Online) - De Beers has reportedly ditched around 10 of its 80 Sight holders as it seeks to exert more control over diamond pricing.It has also introduced new contracts dividing buyers into three categories - dealers, manufacturers and integrated retailers - as it embarks on a huge and much-heralded shake-up of the way it sells rough.The UK-based miner aims to put its diamonds into the hands...Read More
(IDEX Online) - India's government must reduce import duties on precious metals and diamonds, or face a surge on smuggling and other criminal activity, an industry bodies has warned.The All India Gem and Jewellery Domestic Council (GJC) is seeking a reduction from 12.5 per cent to four per cent on gold, silver and platinum in next month's budget. "If the tax rate is kept at this lev...Read More
Maximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resources"Our general philosophy this year is that we are bullish on commodities, so we have programmed the best CEOs and look to stress test the investment thesis with experts that know a lot more than we do.Read More