RAPAPORT... Nathan "Nate" Light, who was responsible for the growth of Sterling Jewelers, died on March 12 at the age of 86.Light joined Sterling in 1977. As CEO, he helped turned the company from a 32-store chain into a retail giant with more than 1,000 branches and 14,000 employees. It's now a subsidiary of Signet Jewelers, the US's largest diamond retailer.Tributes on an online memorial pa...Read More

RAPAPORT... Silver-jewelry sales rose in 2020, marking the 12th consecutive year of growth, according to a study by the Silver Promotion Service (SPS).Some 42% of US jewelry retailers participating in the survey reported higher sales, with the majority noting double-digit increases of between 11% and 25%, the SPS said. Based on retailers' responses, 20- to 40-year-olds were the main purchasers of...Read More

(IDEX Online) - Tenants at a London apartment block have voted to drop the name Cecil Rhodes House.The building that is their home was named after the De Beers founder in 1957, but the left-wing Labour municipality (Camden Council) that owns it polled residents last month over a change of name.Those living in the 82 apartments voted against renaming it after the black boxer Bill Richmond or Indian...Read More

(IDEX Online) - Tiffany & Co is gearing up for another court appearance in its eight-year legal battle with Costco over the sale of generic diamond engagement rings bearing its name.The New York-based jeweler was awarded $21m in damages in 2013, but last year a federal appeals court concluded that customers were not likely to be confused by rings bearing the "Tiffany" name.Costco is now challe...Read More

Since pouring first gold in December 2020, commissioning activities at the PureGold Mine have transitioned to full scale ramp-up of the mining and...Read full newsRead More

We've dug up the best and brightest gold companies for you to invest in, along with expert advice about putting your money into this field.Read full newsRead More

Since pouring first gold in December 2020, commissioning activities at the PureGold Mine have transitioned to full scale ramp-up of the mining and...Read full newsRead More

Mar 22, 2021 Guest(s): Chris Vermeulen Chief Market Strategist, The Technical Traders Gold is down, at one point, 0.6% on Monday, but traders and investors alike need to understand that this really is not a big move, said Chris Vermeulen, chief market strategist at https://TheTechnicalTraders.com."Today, we're just this tiny little red bar, this average, usually we see a quarter of a percent, or...Read More

Here are five Fastmarkets stories you might have missed on Monday March 22 that are worth another look.Crude steel output in Germany dropped by 10.4% year on year in February 2021 after four consecutive months of recovery, German steel federation WV Stahl said on March 22.The process at...Read More

Aluminium's futures price reached yet another year-to-date high at $2,289.50 per tonne during trading on the London Metal Exchange on Monday March 22, with supply concerns for the metal continuing, and with all base metals prices up day-on-day at the close.The price of aluminium closed at $2,272 per tonne, $7 per tonne higher than on Friday, while its intraday high point on Monday was its highest...Read More

The process at the heart of proposals to overhaul the London Metal Exchange's market structure is problematic and suggests the exchange is not putting its users first, the president of the International Wrought Copper Council (IWCC) said. In an interview with Fastmarkets, Mark Loveitt said that it was not clear to the IWCC and its members why the exchange was revisiting plans to change its margin...Read More

Jack ChanPosted Mar 22, 2021Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. Speculation is recovering from the lowest level in years.Data is supportive for overall higher silver prices.Our ratio is on...Read More

Shares in Fortune reached a one-year high intraday of C23c before closing up 40% to 21c.The company had last week announced five high priority drill targets near its advanced NICO cobalt-gold-bismuth-copper deposit in Canada's Northwest Territories.It further noted NICO's reserves contained 102.1 million pounds of bismuth, after Natural Resources Canada put cobalt, bismuth and copper on a list of...Read More

Inner Mongolia, China's ferro-chrome production heartland, has imposed restrictions on its metallurgical sector in a move that has fueled the high-carbon ferro-chrome markets in China and Europe, and although this may ease off, the gains were unlikely to be lost while alloy ramp-ups continue, sources have told Fastmarkets.The decision to restrict energy consumption in Inner Mongolia since December...Read More

The Toronto-headquartered bank said market participants should "keep calm and carry on", pointing to a backdrop for bulks and base metals which it said "remains positive and for many companies weRead More

High demand for bulk vessel space for mineral raw materials exported from China is driving costs for this transport option higher, with market participants reporting an array of factors that are affecting trading conditions and delivery timelines.Container freight costs for China's seaborne route have remained high well into March, with ongoing disruptions reported by participants active in m...Read More

"Given their deteriorating bilateral relations and China's imports restriction on Australian coal in recent years, we believe Beijing has identified its dependence on Australian resources as one ofRead More

Brazil-headquartered Nexa Resources has suspended operations at its Extremo Norte underground mine in the Vazante unit, due to the identification of ground displacements on the site, the base metals producer said on Friday March 19.The downtime is not expected to significantly affect production in the first quarter, however, Nexa said. Throughput of the second mine in the division, also called Vaz...Read More

Here are five Fastmarkets stories you might have missed on Monday March 22 that are worth another look.Crude steel output in Germany dropped by 10.4% year on year in February 2021 after four consecutive months of recovery, German steel federation WV Stahl said on March 22.The process at...Read More

The supply-driven rally in antimony prices that was buoyed by an ore shortage and shipping delays has now stalled, and the upward momentum has probably ended, market participants told Fastmarkets on Monday March 22, with some of them now expecting prices to fall."It does appear that antimony has 'done' its upside, from what we can see, and - if anything - [the uptrend] is now running out of steam,...Read More