The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Having found it easier to increase prices than their counterparts in Europe and the United States during the past few months, Asian stainless steelmakers now face a number of concerns.In the short term, Asian prices have moved down in recent weeks while those in Europe and the US are on the up. This is mostly a reflection of...Read More
RAPAPORT... Gold-jewelry demand plummeted in 2020 due to the pandemic and high prices, according to the World Gold Council (WGC).The global total dropped 34% to 1,412 tonnes for the year, the lowest since the organization began collating annual data in 1995, it reported Thursday.Demand plunged in the first half and fell less heavily in the third quarter, with an economic recovery in key marke...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.Genscape is now part of Wood Mackenzie. As we combine their commodity intelligence and proprietary short-term data sets with Wood Mackenzie’s world-class long-term analysis, we will be able to offer you unparalleled depth and br...Read More
(IDEX Online) - Surat's long-awaited bourse - a vast $355m building with 4,400 offices - is finally due to open in September. The Surat Diamond Bourse (SDB) says it will become the world's biggest diamond trading hub, with an estimated annual turnover in excess of $25bn. It was supposed to open in January 2020, according to its own website.Surat has long been the capital...Read More
RAPAPORT... The Diamond Council of America (DCA) has elected Chuck Kuba to a two-year term as chairman of its board of directors.Kuba, the owner of Iowa Diamond in Des Moines, Iowa, is also on the board of directors of Jewelers of America (JA), and was previously the president of the Iowa Jewelers Association, the DCA said last week.David Bonaparte, CEO of JA, and Bill Luth, executive vice preside...Read More
(IDEX Online) - Debswana, which controls most of Botswana's diamond production, saw rough exports down 30 per cent in 2020 as a result of the global pandemic.Foreign sales were down from $3.05bn in 2019 to $2.02bn in 2020, according to the Bank of Botswana.The country is the world's second largest producer of diamonds after Russia, and relies on them for 30 per cent of its revenue nation...Read More
RAPAPORT... US consumer spending on gifts is expected to decrease 20% this Valentine's Day, with the number of people planning to purchase jewelry also slipping, according to the National Retail Federation (NRF).Consumers intend to lay out $21.8 billion on their loved ones over the holiday, the NRF noted last week following a survey. That's a sharp drop from the record $27.4 billion it predicted a...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.Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.Wood Mackenzie senior...Read More
(IDEX Online) - A million rough diamonds seized in raids by the Indian tax authorities on the scanning firm Diyora & Bhanderi are to be returned to their owners. The company is being investigated over claims of tax evasion and the illegal sale of diamond scanning machines. Its premises in Surat were raided 10 days ago. Gems belonging to over 800 diamond firms, which had been sent to...Read More
RAPAPORT... US polished-diamond imports fell 1% year on year to $1.37 billion in November, data from the US Commerce Department showed. The decline was the 20th consecutive monthly drop, according to Rapaport records. The November slowdown reflected a sharp slide in the average price per carat (see graph below), which outweighed higher volumes.US Trade Data for November 2020 Read More
That is a bullish omen for gold, as its subsequent upleg can accelerate after differential gold-ETF-share selling pressure ends.Read full newsRead More
High gold prices are boosting Ethiopia's mining revenue and attracting more investor interest in a sector that is largely dominated by artisanal and smaller players. Coronavirus-linked border closures...Read full newsRead More
Last week, the investing world was enamoured with the GameStop stock craze. The spike in GameStop stock was fueled by frenzied retail investors on the subreddit r/WallStreetBets. Reddit users also targeted stocks like AMC Entertainment, Nokia, and BlackBerry. Today, Reddit has taken aim at silver. Should Fool investors be eager to jump on another retail investor powered rally?The S&P/TSX Compo...Read More
It’s time for dividend-growth investors to consider rebalancing their portfolios for 2021. The S&P/TSX Canadian Dividend Aristocrats Index is making constituent changes, which became effective on February 1. Nine freshly minted Dividend Aristocrats have made their way into the index for 2021. The index dropped three unfortunate names this year.Generally, Dividend Aristocrats are companie...Read More
The year 2020 was a great one for gold. The annual change in price for the year was 24.4%, and even though it was a continuation of the price spike that started in 2019, it accelerated in 2020 because of the market crash. Investors flocked to the safe haven material, the price rose, and many gold companies saw their stock price rise quite substantially in the year.Gold and most gold-related busine...Read More
Warren Buffett is the greatest investor and teacher of our time. While it’s typically a terrible idea to follow the man into or out of stocks, given the herd will pile into his latest stock picks upon their announcement, I do think it makes sense to look at Buffett’s moves through a wider lens. By doing so, Buffett’s moves may leave top-down clues as to where the best opport...Read More
Here are five Fastmarkets stories you might have missed on Monday February 1 that are worth another look.Chinese nickel sulfate prices have made steady gains since the start of 2021, rising again last week to set the highest level since Fastmarkets began tracking the market in July 2018.More than 67,000 lots of the Singapore Exchange's 65% Fe iron ore swaps...Read More
The price of tin on the London Metal Exchange closed above $23,000 per tonne on Monday February 1, while aluminium's forward price was under the most pressure from the rising US Dollar Index, dropping by more than 1% from last week's closing prices.Tin's three-month price rose by 1.4% to $23,103 per tonne from Friday's 5pm closing price of $22,779 per tonne, ending the day above the $23,000 per to...Read More
Fastmarkets proposes to amend the frequency of the publication of its copper cathode premium cif Rotterdam. Rotterdam continues to be a major location for copper cathode imports into Europe, but premiums for that business rarely change between a typical range, historically between $35 per tonne and $55 per tonne over London Metal Exchange prices. As such, Fastmarkets is proposing to amend the freq...Read More