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.Different markets, different cycles. Mining companies suffered for their sins in the downturn a little earlier than the oil and gas sector. Now they are emerging into a new upturn, also ahead of the game. What challenges do...Read More
(IDEX Online) - Junior miner Diamcor says it has resumed operations at Krone-Endora mine, in South Africa, after almost a year of Covid-enforced closure.The Canadian company has delivered 4,174 carats of rough diamonds for tender and sale since December. The mine had been closed since March because of the pandemic.It acquired the deposit at Venetia Project from De Beers in February 2011, and...Read More
Mining revenues soared in Brazil during 2020 despite the Covid-19 pandemic, led mainly by higher iron ore prices and an increase in total production, Brazilian mining institute lbram said on Tuesday February 2.Revenues totaled 209 billion Reais ($38.7 billion) for the mining industry last year, up by 36% from 153 billion Reais in 2019, lbram reported. Iron ore contributed the most to that number,...Read More
(IDEX Online) - Botswana is increasing its value-added tax to boost revenue after a disastrous year for diamonds and other minerals.The country relies on mining for 80 per cent of its foreign earnings and has been badly hit by the global pandemic.Finance minister Thapelo Matsheka announced a VAT increase from 12 per cent to 14 per cent when he presented his annual budget on Monday, the first time...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 3.Please click...Read More
(IDEX Online) - A young Indian jeweler has smashed the Guinness World Record for the most diamonds set in one ring - a dazzling 12,638.Harshit Bansal, 25, took the title from another Indian jeweler, Kotti Srikanth, whose 7,801-diamond ring was officially recognized in September 2020.Harshit, founder of Renani Jewels in Meerut, said he was inspired to set a new record while studying jewelry design...Read More
(IDEX Online) - De Beers today reported $650m of rough sales at its first sight of 2021 - the highest figure for three years.It reflects a need for the midstream to restock, coupled with a more flexible approach by the miner and a sight that was extended beyond its normal week because of ongoing travel restrictions.The provisional $650m figure is the highest since January 2018, when actual sales f...Read More
Zinc's price was nearly 2% higher on the London Metal Exchange with dip-buying having started and futures prices edging upward on Wednesday February 3, following two days of decreases, with the easing of the Dollar Index helping to support metal prices.Zinc's three-month price closed 1.8% higher at $2,615 per tonne on Wednesday at 5pm, the first time it has closed above the $2,600 per tonne mark s...Read More
Rio Tinto has launched Start, the equivalent of a nutrition label for responsible aluminium, while the company continues its push to increase transparency and traceability in the industry.Using blockchain technology, Start will give customers a digital sustainability label containing key information about the site where the aluminium was produced.It will cover ten criteria: carbon footprint, water...Read More
The prices of all base metals, with the exception of zinc, on the London Metal Exchange eased on Wednesday February 3, with the rising dollar index continuing to cap futures prices on the exchange. Zinc's three-month price was the only one to see a small rise on Wednesday morning to $2,581.50 per tonne from Tuesday's 5pm closing price of $2,569.50 per tonne. Nevertheless, the galvanizing metal's...Read More
Domestic prices for heavy plate in Northern Europe and Southern Europe increased during the week to Wednesday February 3, sources told Fastmarkets, though market participants are questioning the sustainability of higher prices and stronger demand. Fastmarkets' price assessment for steel domestic plate, 8-40mm, exw Northern Europe was ?,?660-680 ($795-819) per tonne ex-works on February 3, up by ?,...Read More
ArcelorMittal Italia has resumed operations at blast furnace (BF) No2 and coke battery No9 at its Taranto steel plant in the south of Italy, the producer said on Wednesday February 3.BF No2 was restarted on February 1. It had been closed in March 2020.Currently, the producer is running furnaces No1, No2 and No4, and two steel mills are also operating.On February 2, the producer also resumed operat...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesVice-president of exploration Sergio Riviera said the survey, which consisted of five east-west lines on 300m north-south spacing for a total of 17.Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesManaging director Errol Smart said during financing and partnership talks for its Prieska copper-zinc development in SA, the Okiep project kept coming up.Read More
Domestic steel rebar prices in Southern Europe declined in the week to Wednesday February 3 under the pressure of slow buying activity and weaker scrap values, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?600-620 ($723-747) per tonne on Wednesday, down from ?,?610-635 per tonne last week.ItalyRebar...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly weaker this morning, Wednesday February 3, with zinc prices bucking the trend.Silver’s rally turn into a spike on Tuesday and stronger pre-market major western equity index futures this morning suggest equity markets are turning more risk-on again.* While three-month tin prices on the LME were off t...Read More
Check Point (CHKP), a NASDAQ 100 stock moved below $125.32 completing a double top pattern. Pre-opening Comments for Wednesday February 3rdU.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Index futures moved slightly higher following release of the January ADP Non-farm Employment report at 8:15 AM EST. Consensus was an increase of...Read More
Turkish steelmakers continued to stay away from deep-sea scrap purchases on Wednesday February 3, expecting prices to fall again due to limited demand for rebar and steel billet, sources told Fastmarkets....Read More
The Japanese export scrap market has bounced off the floor to record higher prices over the past week following an effort from suppliers to resist new sales, sources told Fastmarkets on Wednesday February 3.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?36,000-38,000 ($343-362) per tonne on Wednesday, up by ?1,500-3,000 per tonne from ?33,000-36,500 per tonn...Read More
The fob seaborne premium hard coking coal price edged up on Wednesday February 3 after a transaction for premium low-volatility hard coking coal was sealed at a higher price, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $157.53 per tonne, up $0.74 per tonnePremium hard coking coal, cfr Jingtang: $217.23 per tonne, down $0.50 per tonneHard coking coal, f...Read More