Look beyond market approach to project valuations: van ZylLeadershipNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsSpot gold was worth about US$1,850 an ounce at the time of writing, having risen above $1,865/oz earlier.US consumer pri...Read More

A summary of London Metal Exchange warrant premiums for the week to Wednesday November 10.Please click...Read More

Look beyond market approach to project valuations: van ZylLeadershipNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAsian stocks are set for a mixed start after US shares ended what was their longest winning streak since 2017, according...Read More

RAPAPORT... Mountain Province saw a jump in sales and a return to profit as the rough market rebounded from last year's pandemic-induced slump.Revenue leaped 99% year on year to CAD 94.2 million ($75.8 million) in the third quarter ending September 30, the miner reported Tuesday. Net profit came to CAD 8.8 million ($7 million), compared with a loss of CAD 6.5 million ($5.3 million) a year ear...Read More

RAPAPORT... Watches of Switzerland has acquired six new locations in the US, as well as the Betteridge brand name, as it pushes ahead with its stateside growth plans.The company, which revealed a five-year blueprint for global expansion in June, is intent on becoming the "clear leader in the US market," it said Tuesday. To that end, it has bought the Ben Bridge Jeweler retail store at the Mall of...Read More

Domestic steel reinforcing bar prices in the United States were flat week on week at a 13-year high, with many market participants expecting the number to increase again before long.Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US was $50.25 per hundredweight ($1,005 per short ton) on Wednesday November 10, sideways from the previous week at its highest point since the...Read More

RAPAPORT... Alrosa saw steady sales in October as robust preholiday rough demand coincided with supply shortages.The miner sold $308 million in diamonds during the month, a drop of less than 1% versus a year earlier, the company reported Wednesday. The figure was 3% higher than in September.Rough revenues fell 2% year on year to $293 million, while sales in the polished division jumped 40% to...Read More

RAPAPORT... A pair of diamond bracelets belonging to Marie Antoinette more than doubled their high estimate at a recent Christie's auction in Geneva.The set, made by Boehmer in 1776 and passed down through Marie Antoinette's family for 250 years, fetched $8.2 million at Tuesday's Magnificent Jewels sale, Christie's said. That figure is the second-highest price for a jewel owned by the French queen...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe allegations against Pinera stem from the Pandora Papers investigation, which showed a mining company owned i...Read More

Prices for hot-rolled coil in the United States hit their lowest point since July amid market conditions most sources have described as slow, bearish and volatile.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $92.33 per hundredweight ($1,846.60 per short ton) on Wednesday November 10, down by 0.90% from $93.17 per cwt on Tuesday November 9 and by 1.07% from $93.33 p...Read More

RAPAPORT... Israel's diamond trade strengthened in October, buoyed by the sector's extended recovery ahead of the holiday season.Polished exports - after returns of unsold goods - more than tripled to $572.1 million for the month, up from $176.6 million a year earlier, the country's Ministry of Economy and Industry reported Monday. Shipment volume jumped 59% to 157,969 carats, with the averag...Read More

(IDEX Online) - Alrosa today reported a slight rise in its monthly sales of rough and polished diamonds, in the face of continuing supply shortages.The Russian miner sold a total of $308m in October, up from a 2021 low of $298m in September, which is traditionally a quiet month. Sales in August were $306m.Alrosa is still struggling to meet unexpectedly high demand globally after the easing of Covi...Read More

(IDEX Online) - A pair of diamond bracelets that belonged to Marie Antoinette, the last Queen of France, sold at auction for $8.2m - more than twice their high estimate.An anonymous phone bidder bought them yesterday at Christie' Geneva.The bracelets, both of 122 diamonds, were smuggled out of France before the Queen was guillotined in 1793. and had remained in her family ever since.Their lin...Read More

(IDEX Online) - One of the world's largest emeralds - weighing 7,525 carats - has been recovered in Zambia. London-based miner Gemfields, which recovered the gemstone, says no official record exists, but finds over 1,000 carats are considered "extremely unusual". The newly-found emerald, named Chipembele, is the largest emerald ever found at the Kagem mine, at 1,505g.  It trumps Insofu,...Read More

Turkish flat steel producers need to avoid sudden price changes if they want to keep their share of the domestic and export markets, sources told Fastmarkets on Wednesday November 10."The producers increase their prices sharply when demand improves in any region, but such increases are not accepted by buyers," an executive with a Turkish steel producer said. "Then producers start giving discounts,...Read More

The weakening of the markets for flat and long steel in Asia that was created by the sharp drop in futures prices in China this week has had a negative effect on Iranian exporters, which sell most of their semi-finished steel volumes to the region, Fastmarkets heard on Wednesday November 10.Fastmarkets' daily price assessment for steel hot-rolled coil, domestic, ex-whs Eastern China, was 4,650-4,7...Read More

A lack of supportive factors in the global market has resulted in lower interest in Commonwealth of Independent States-origin export billet from the customer side, eventually influencing bids.One of the most negative factors was a sharp drop in the Chinese long-steel market due to the bearish sentiment caused by many days of weak demand, market sources said.The assessment for steel...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe pace at which FMG subsidiary Fortescue Future Industries has grown in recent months has raised eyebrows amon...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe country has experienced "significant" stage four load shedding, or scheduled power outages, over the past tw...Read More

The US ferrous scrap market is showing no signs of retreat ahead of the December trade, with sellers confident that fundamentals will remain in their favor through the January trade - even if export market opportunities grow cold.Sentiment for the the final trade of the year is positive, with some participants calling the December market sideways at worse. Many sellers suggested they will hold mat...Read More