The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices are on the increase in June. As far as this market is concerned, it appears as though the Covid-19 pandemic has had little impact so far, with prices on the most common grades of stainless steel just 2-4% lower than they were at the turn of the year in most markets.Even in Asia, a region often talked ab...Read More
RAPAPORT... JCK will hold a virtual version of its Las Vegas jewelry shows in an effort to help the industry reconnect following the cancellation of most trade events due to the coronavirus pandemic. The weeklong fair, scheduled for August 10 to 14, allows attendees to browse and buy merchandise from a variety of jewelry and watch exhibitors, JCK said last week.Industry professionals can also sche...Read More
RAPAPORT... Sotheby's will offer four jewels with high estimates totaling more than $28 million at its upcoming live auctions in Geneva and Hong Kong.The Geneva Magnificent Jewels and Noble Jewels sale, originally scheduled for April, will take place on June 23. The auction will feature a step-cut, 3.01-carat, fancy-vivid-blue diamond carrying a presale value of $4.3 million to $6.3 million, the a...Read More
RAPAPORT... The coronavirus has forced retailers into new ways of doing business. In this webinar, Rapaport Editor in Chief Sonia Esther Soltani and Elle Hill, CEO of jewelry consultancy firm Hill & Co., discuss the steps jewelers must take in order to adapt.Watch the full interview below:Or listen as a podcast here:Images: Elle Hill, a still life from online retailer Gem Breakfast, and j...Read More
(IDEX Online) - Diamonds, pearls and other jewelry valued at $177m have been seized by Indian officials investigating fugitive billionaire Nirav Modi and his uncle Mehul Choksi. Last week a court approved the confiscation of assets for the first time since the Fugitive Economic Offenders Act came in to force two years ago.A total of 108 packages allegedly despatched to Dubai by firms owned by...Read More
(IDEX Online) - Signet Jewelers will emerge from COVID-19 as a stronger company, said CEO Virginia Drosos, despite the planned closure of 400 stores and Q1 total operating losses of $291m. She told the CNBC business news channel the coronavirus pandemic was a "a temporary setback" and their strategies, including e-commerce, were working. "I see Signet emerging as a stronger team and company on the...Read More
(IDEX Online) - JCK, the biggest jewelry show in North America, is going online and Indian manufacturer Dharmanandan Diamonds has announced a virtual trade event - both in response to the COVID-19 pandemic. JCK announced in April that it was cancelling its Las Vegas show, which attracts over 30,000 of the world's most influential industry professionals, and its sister event Luxury. Inst...Read More
(IDEX Online) - Three diamond factories in Surat, India, have been fined for breaching COVID-19 rules.Workers were not wearing masks or keeping a social distance, according to The Indian Express news website. Officials made unannounced checks in the Katargam zone of the city after 16 of those who tested positive for coronavirus were found to be diamond workers.Amrut Gems, Bhagwati Gems and Sh...Read More
When Trent Mell, the president and CEO of First Cobalt, contacted our newspaper last week and asked what our thoughts were on tackling the George Floyd protests as they relate to the mining industry, and said he was thinking about both what he could do as an individual and what the industry could do as a whole about the barriers put up by systemic discrimination, I told him that a good first step...Read More
Copper demand is expected to grow over the coming years, as the world continues the transition to electric-powered vehicles. However, many industry watchers have noticed a scarcity of pre-production copper assets for this expanding market. Below, we provide an overview of seven companies working to advance copper projects around the world. Carube CopperThe contact between Main Ridge's hematite an...Read More
Wheaton (WPM) likely to benefit from expansion moves, higher gold prices and strong cash position.Read full newsRead More
Omineca Mining and Metals aims to culminate its 2020 program with drilling.Read full newsRead More
The gold rally hit a speed bump in recent weeks and top gold stocks, including Barrick Gold (TSX:ABX) (NYSE:GOLD), are down significantly from the May highs.Gold price outlookGold trades at US$1,725 per ounce at the time of writing. A month ago the yellow metal was about US$1,750 and the 2020 closing high is just under US$1,770. The precious metal has essentially traded sideways over the past two...Read More
Eskay Creek gold project Credit: Skeena Resources. Skeena Resources has started a preliminary feasibility study (PFS) for the Eskay Creek gold-silver project within the province's Golden Triangle area in British Columbia."The PFS is the next step in the evolution of Eskay Creek, as we move this high-grade, open-pit project development and through to commercial production," Shane Williams, the co...Read More
Gold mining stocks have been on fire since the coronavirus pandemic was announced and the stock market crashed in March 2020. Gold is one of the few assets to perform strongly over that period, as gold is considered the ideal defensive asset.Since the start of 2020, gold has soared by 14% propelling many gold miners higher. One that has lagged its peers is Gran Colombia Gold (TSX:GCM), which has g...Read More
Nuclear energy stocks have been hit hard by the surging unpopularity of nuclear power. The rapid growth of renewable sources of energy and power generation poses a direct threat to the survival of uranium miners. The 2011 Fukushima nuclear disaster triggered a price collapse for uranium and considerable negative sentiment regarding the outlook for nuclear power.The catastrophe, which was the only...Read More
You know the video promotions we send out? The ones that sell our premium research letters? Of course you do. They always cite the biggest gains possible for whatever sector is being discussed. All publishers do it. But some do it differently than others.Take technology promos, for example. They tell you it'll be like getting into Microsoft when Bill Gates still ran it out of his garage. Or i...Read More
Uinta software uses Credit: Juniper. Juniper Systems, a US-based manufacturer of field computer hardware, has introduced the Uinta mapping and data collection software.Uinta's data collection capabilities include detailed mapping with points, lines, areas, as well as form-based notes for digital recordkeeping. Uinta also allows organizations to customize the software based on their specific data...Read More
Sokkia equipment. Image from Brandt. The Brandt Group has announced that it has reached an agreement to acquire assets of Ontario-based Sokkia Canada from Topcon Positioning.Following this acquisition, which affects the Ontario and Quebec markets, Brandt will become the exclusive dealer of Sokkia survey equipment, accessories and parts for all of Canada."The Sokkia brand has a long, prou...Read More
(Warning: Video contains profanity)Credit: Portogente videosThe Brazilian Navy is monitoring the location of the ore carrier Stella Banner that sunk Friday off the coast of Maranh??o. On Friday morning, salvors sent the $110 million ship to the bottom off the coast, just four years after its construction. The ship ran aground approximately 100km from coast of S??o Lu?-s on February 24, 2020 as i...Read More