The latest forecasts from Fastmarkets' team of analysts is ready to view.While much commentary has been written about Asian economies performing far better than those elsewhere this year during the global Covid-19 pandemic, it is stainless steel markets in Europe and the United States that are ending the year in better shape than their Asian counterparts.We do not talk of demand levels or demand g...Read More

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

RAPAPORT... The World Jewellery Confederation (CIBJO) has released a consumer-targeted publication explaining how to describe and categorize pearls.The 62-page "CIBJO Guide for Classifying Natural Pearls and Cultured Pearls" is a reference point for the general public and the jewelry trade, the organization said Thursday. Dealing with both seawater and freshwater specimens, the free, download...Read More

RAPAPORT... Rio Tinto's rough-diamond sales fell 26% to $459 million in 2020 as the coronavirus crisis limited global trading, the mining group reported."A heavy decline in spending on jewelry impacted underlying demand, while lockdowns in India's manufacturing centers restricted the volume of rough diamonds purchased from miners," Rio Tinto said last week. Realized diamond prices slid 21%, i...Read More

RAPAPORT... Swiss watch exports fell 11% year on year to CHF 1.59 billion ($1.78 billion) in January, the 12th consecutive monthly drop, as demand slowed in the US and in key Asian markets.Shipments to the US declined 11% to CHF 183.3 million ($204.5 million), partly because strong figures in January 2020 created an unfavorable comparison, the Federation of the Swiss Watch Industry said Thurs...Read More

RAPAPORT... The developer of a new jewelry retail complex in Miami has secured a $23.6 million loan, enabling it to move forward with the project.The funds from City National Bank of Florida will go toward completing phase one of the Time Century Jewelry Center program. This consists of constructing the building's retail and wholesale space, which spans the basement, ground, mezzanine and sec...Read More

(IDEX Online) - Jewelry retailers in China are expanding their operations as post-pandemic sales surge.Chow Tai Fook opened 543 new stores in the second half of 2020, a sign of its confidence in the post-Covid recovery.  It now has of 4,442 retail outlets and saw sales volumes increased by 17.5 per cent in the fourth quarter.Lukfook recorded a net increase of 225 mainland stores in the year,...Read More

(IDEX Online) - Alrosa says it has allocated $11.5m this year towards a social fund for residents in Yakutia (Republic of Sakha), one of its main areas of operation.The money will go towards building new cultural, educational, healthcare, and sports facilities, as well as environmental protection.The Russian state-owned miner, which has open-pit, underground mining and alluvial operations in the r...Read More

(IDEX Online) - The growth in sales of US watches and jewelry slowed markedly in December. It was still up 11.5 per cent year-on-year, but the rate of increase is down from its peak of 16.7 per cent in September. In addition, the November figure has been revised significantly down from 16.6 per cent to 13.6 per cent, based on actual through-the-till transactions rather than estimates. As a result,...Read More

Underground drilling at the Island Main zone, completed off of the 840-level exploration drift, expanded high-grade gold mineralization by up to 200 metres to the east of existing reserves, in a 300-metre gap between reservesRead full newsRead More

The Mensin Gold Bibiani Mines has Introduced Chifeng as New Owner to the Sefwi Anhwiaso Traditional Council, subject to the approval of the Government of Ghana.Following the announcement by Resolute Mining Limited at both the Australian and London Stock Exchanges on the sale of the Bibiani Mine to Chifeng on 15 December 2020, Mensin Bibiani Mines announced for the information of their stakeholders...Read More

The lower interest rates, economic recovery, and revival of consumer demand provide a strong base for growth in 2021. With that in the background, let’s dive into five under-$30 stocks that are likely to deliver superior returns.Algonquin Power & UtilitiesShares of Algonquin Power & Utilities (TSX:AQN)(NYSE:AQN) have consistently delivered healthy returns over the past decade. M...Read More

There's no stopping the progress of technology. That much is clear when you look at things like how smartphones manage to jam more tech in new models each year. It becomes clear when you see what cars are capable of today compared with even just a decade ago. It becomes clear when we as a society are at least somewhat seriously talking about the idea of colonizing Mars. Not even a worldwide pa...Read More

Here are five Fastmarkets stories you might have missed on Monday February 22 that are worth another look.China allowed five cargoes of Australian coking coal to be unloaded last week after a wait of several months, industry sources told Fastmarkets on February 22.The year...Read More

Equity analyst Don Vialoux says current 'best buys' are Canadian securities or ETFs that will benefit from the recovery in the Far East.Analyst Don Vialoux says that current 'best buys' are Canadian securities that will benefit from the recovery in the Far East.As the bite of winter settles in, longtime equity analyst Don Vialoux warns investors against buying into the cooling longer-term economic...Read More

The year 2021 will be a turning point for network readiness and availability of 5G telecommunications after delays last year resulting from the Covid-19 pandemic, sources have told Fastmarkets.More 5G smartphones, wearables and other consumer electronics have reached the mainstream market, while the increase in remote working practices that has resulted from lockdown measures continues to undersco...Read More

The prices of both copper and tin showed gains at the close of trading on Monday February 22, but signs of fatigue have started to emerge for the bulls in charge of nickel, which was down by 0.5% on a day when the entire London Metal Exchange base-metals complex set new multi-year highs.Copper closed up by 2.1%, at $9,097 per tonne, compared with Friday's 5pm price of $8,909.50 per tonne, while ti...Read More

Here are five Fastmarkets stories you might have missed on Monday February 22 that are worth another look.China allowed five cargoes of Australian coking coal to be unloaded last week after a wait of several months, industry sources told Fastmarkets on February 22.The year...Read More

Jack ChanPosted Feb 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 SELL signal.Short-term signals can last for days and weeks and are more suitable for traders. Data is supportive for overall higher gold prices.Data is supportive for overall higher silver prices.Our ratio is on SELL...Read More

Manganese ore prices edged higher on Friday February 19 due to soaring freight rates and a stronger rand pushing up production costs.Manganese ore prices edged higher on Friday February 19 due to soaring freight rates and a stronger South African rand pushing up production costs, while stronger manganese alloy futures supported downstream sentiment. Fastmarkets' manganese ore index 37% Mn, cif Tia...Read More