Digging Deep

Defense Metals in the Media

February 16, 2024

Our 2024 Predictions, Part 2

January 11, 2024

Our 2024 Predictions, Part 1

January 02, 2023

Can Gold Hit $3,000 in 2024?

29 December, 2023

Will Bitcoin ETFs Kill Gold?

November 21, 2023

What's Next for Gold?

06 June, 2023

Platinum and Palladium

February 2022

Transition to Production

June 15, 2021

Silver Suppression?!

February 02, 2021

Gold: Year in Review 2020, and 2021 Outlook

January 04, 2021

Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

AbraPlata: CMR's full analysis of an Argentina focussed gold and silver junior

May 2020

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

LME proposes warrant holding limits, stock reporting portal to manage market conduct

January 22, 2021 / www.metalbulletin.com

Hidden under the big headline of the ring closing, the London Metal Exchange's recent discussion paper also asked market participants for feedback on stocks, physical movements and market squeezes. The discussion paper on Tuesday January 19 caught people's attention because of its proposal to close the open-outcry trading ring, but participants told Fastmarkets other topics are far more controvers...Read More

IRON ORE DAILY: SGX 65% Fe contract sets new monthly traded record

January 22, 2021 / www.metalbulletin.com

The Singapore Exchange's (SGX) 65% Fe iron ore derivatives contract - which is settled against Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao - set a new record for traded volumes at 5.9 million tonnes so far in January, according to SGX published data on Thursday January 21. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $171.51 per tonne, up $0.96 per tonn...Read More

The Silver Roadmap

January 21, 2021 / www.silverdoctors.com

Silver is volatile. But if you want to benefit from its big gains, you have to be willing to...by Peter Krauth via Streetwise ReportsThere's no consensus on whether silver is in its second or third secular bull market since the 1970s. That's because people define bull markets in different ways.But as I'll show you, it's not that important.What we do know is that silver enjoyed a huge bull market f...Read More

EUROPE HRC: Demand slows on anticipated price fall

January 22, 2021 / www.metalbulletin.com

Activity in the European hot-rolled coil market was low on Thursday January 21 because buyers are holding back from making new deals due to an anticipated price fall, sources told Fastmarkets. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?713.00 ($864.26) per tonne on Thursday, down by ?,?2.50 per tonne day on day from ?,?715.50 per tonne on...Read More

DAILY STEEL SCRAP: Turkish deep-sea scrap prices set to fall further

January 22, 2021 / www.metalbulletin.com

Negative sentiment prevailed in the Turkish deep-sea scrap import market on Thursday January 21, with offer prices continuing to slide, sources told Fastmarkets.The most recent deal heard by sources -  a Baltic Sea cargo on Wednesday January 20 - put the HMS 1&2 (80:20) price at $440 per tonne cfr.The number of offers has increased since then and prices have gone down acco...Read More

Tailings storage facilities still pose huge threat of harm, RMF says

January 22, 2021 / www.metalbulletin.com

As many as one-third of the current global portfolio of tailings storage facilities (TSFs) are impaired and in need of urgent intervention, according to the Switzerland-based Responsible Mining Foundation (RMF).This means that more than 730 million tonnes of tailings pose a risk, from among the roughly 223 billion tonnes of tailings stored in more than 30,000 TSFs, including active, inactive and a...Read More

Rapaport Weekly Market Comment

January 21, 2021 / www.diamonds.net

Optimism fueled by upbeat US demand and rising expectations for Feb. 12 Chinese New Year. Polished scarcities supporting prices. Rough market robust as De Beers raises prices by estimated 5%, Alrosa by 7%. Cutters increasing production after buying high volume of rough. Alrosa 4Q sales volume +107% to 17M cts. De Beers cuts sightholder list for new contract period, prioritizes clients with factori...Read More

Alrosa Sales Surge in Final Months of Year

January 21, 2021 / www.diamonds.net

RAPAPORT... Sales at Alrosa showed a strong recovery in the fourth quarter of 2020 amid holiday demand and a rise in activity at Indian diamond manufacturers.Revenue from rough diamonds grew 29% year on year to $1.14 billion, the company reported Thursday, as a release of pent-up demand enabled the Russian miner to offload goods that had been unsellable earlier in the year. The company's roug...Read More

Women's Jewelry Association Names New President

January 21, 2021 / www.diamonds.net

RAPAPORT... The Women's Jewelry Association (WJA) has chosen Susan Chandler, the chief merchandising officer for Citizen Watch America, as president-elect of its international board of directors.In her role at WJA, Chandler will help foster community, connection and collaboration within the trade, the association said Wednesday. Last year, she served as the WJA sponsorship chair, and was instrumen...Read More

IGI Lab-Grown Reports to Indicate Treatments

January 21, 2021 / www.diamonds.net

RAPAPORT... The International Gemological Institute (IGI) has updated its grading report for synthetic diamonds to include information about post-growth treatments.The reports will now outline the growth process for untreated chemical vapor deposition (CVD) or High Pressure-High Temperature (HPHT) stones, the lab said Wednesday. They will also specifically indicate those diamonds are "as grown wit...Read More

India Polished Exports Drop 31% in 2020

January 21, 2021 / www.diamonds.net

RAPAPORT... India's polished-diamond exports fell 31% to $14.17 billion in 2020, according to Rapaport calculations based on data from the country's Gem & Jewellery Export Promotion Council (GJEPC).A slump during the peak of the coronavirus crisis outweighed a recovery in the fourth quarter, with polished exports up 38% year on year in December amid holiday demand and restocking."The rece...Read More

Aurubis raises FY2021 earnings forecasts on higher copper prices, scrap RC expectations

January 22, 2021 / www.metalbulletin.com

Aurubis expects high copper prices and consequent availability of scrap metal to boost its earnings for its 2021 financial year beyond previous forecasts, it said in a release to investors on Thursday January 21. The German smelting company, which is Europe's largest copper and tin producer, raised its forecast earnings for the financial year ending September 2021 before taxes to ?,?270-330 m...Read More

25.97-ct Fancy Pink Diamond to be Sold Online

January 21, 2021 / www.idexonline.com

(IDEX Online) - Namakwa Diamonds is to sell another exceptional fancy pink diamond recovered from its Kao mine, in Lesotho.The 25.97-ct rough stone (pictured), named Pink Dawn, comes from the same geological domain as  several other significant fancy-color stones - the 36.06-ct Pink Storm (sold in 2014) the 3.06-ct  Purple Princess (2017) and the 29.59-ct Rose of Kao (2018). The Pin...Read More

AT A GLANCE: Lundin Mining 2020 copper output falls 2%; zinc down 5.8%

January 22, 2021 / www.metalbulletin.com

A summary of Canada-headquartered Lundin Mining's output figures for the fourth quarter and full-year 2020, as stated in its production report published on Wednesday January 20.In brief Lundin's full-year production was in line with its previous guidance of 217,000-232,000 tonnes for copper, 142,000-146,000 tonnes for zinc and 15,000-18,000 tonnes for nickel....Read More

Alrosa's Q4 Sales Soar to $1.2bn

January 21, 2021 / www.idexonline.com

(IDEX Online) - Alrosa's sales of rough and polished diamonds soared by a third in the last quarter of 2020, up to $1.22bn (q-on-q).The Russian state-owned miner reported average realized prices in Q4 were down by 38 per cent to $67.40 per carat q-on-q.But by the end of the year demand for for rough diamonds had become strong and stable, it said in its Q4 and 12M 2020 operating results, "driv...Read More

Petra's Revenue Falls, but Prices Return to pre-Covid Levels

January 21, 2021 / www.idexonline.com

(IDEX Online) - Petra reported an eight per cent slip in gross revenue for the six months to December 2020, down to $178m.But it said like-for-like prices at its tender earlier this month - 382,000 carats of rough sold for $30.5m - were up by eight per cent, and had returned to pre-COVID-19 levels.  It raised $40m from the sale of the 85.6-ct Letlapa Tala Collection of blue diamonds (pic...Read More

LME proposes warrant holding limits, stock reporting portal to manage market conduct

January 22, 2021 / www.metalbulletin.com

Hidden under the big headline of the ring closing, the London Metal Exchange's recent discussion paper also asked market participants for feedback on stocks, physical movements and market squeezes. The discussion paper on Tuesday January 19 caught people's attention because of its proposal to close the open-outcry trading ring, but participants told Fastmarkets other topics are far more controvers...Read More

IN FIGURES: China 2020 aluminium ingot imports soar; alumina imports up 130% y-o-y

January 22, 2021 / www.metalbulletin.com

A summary of China's alumina and aluminium ingot imports for December 2020 and the full-year 2020 from China customs data released on January 20.Alumina:December total: 408,511 tonnes, up 0.4% year on...Read More

Lotte Aluminium gains first ASI certification in South Korea

January 22, 2021 / www.metalbulletin.com

Lotte Aluminium has been certified against the Aluminium Stewardship Initiative (ASI) Chain of Custody (Coc) Standard at its rolling facility in Ansan, South Korea, it said on January 21.This marks the first ASI CoC certification in South Korea and the facility's operations include rolling, sepa-slitting and annealing for the production of aluminium foil.Earlier this week, Audi became the first or...Read More

US hot-rolled coil prices moderating; demand remains firm

January 22, 2021 / www.metalbulletin.com

Hot-rolled coil prices in the United States have eased somewhat after soaring to a record high one week ago.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $55.51 per hundredweight ($1,110.20 per short ton) on Thursday January 21, down by 1.02% from $56.08 per cwt the previous day and a decrease of 4.29% from a historic high of $58 per cwt one week earlier. Input...Read More

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