Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More

Inflation has risen, but bond yields have declined. Such a divergence is strange — beware gold bulls!Would you like to see something mysterious? If yes, please look at the chart below. It shows the yields on 10-year US Treasuries (red line) and CPI annual inflation rates (blue line) in recent years. As you can see, a huge divergence emerged this year: while inflation surged above 5%, nominal...Read More

Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More

Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More

RAPAPORT... Diamcor Mining garnered $1 million from three rough tenders held during July and August, as overall demand and pricing exceeded expectations.The company sold 4,330 carats of rough from its Krone-Endora at Venetia deposit in South Africa at an average price of $236 per carat, it said last week. That included several special-size diamonds - weighing over 10.8 carats - Diamcor noted.The m...Read More

(IDEX Online) - The newly-founded Diamonds de Canada will this week ship its first consignment of polished stones for grading in Las Vegas, before being sold.The venture, launched in Yellowknife, on the edge of the Arctic Circle, by Michael Indelicato, of US wholesaler RDI, and industry consultant Benjamin King, accesses rough directly from the three major diamond mines in Canada's Northwest...Read More

(IDEX Online) - Global production of rough diamonds will increase by 1.4 per cent to almost 113m carats this year, according to data and analytics company GlobalData.It follows an estimated 19.4 per cent decline to 111.4m carats in 2020, as the industry was hit by the COVID pandemic.Russia is likely to show only moderate growth but output elsewhere is forecast to rise in Botswana (+37 per cent), C...Read More

RAPAPORT... The World Jewellery Confederation (CIBJO) will hold its 2021 congress virtually, after canceling last year's session due to Covid-19.The event will take place from November 1 to 4 and from November 15 to 18, CIBJO said last week. The new platform will allow delegates to mingle and interact in a common area, between and during formal meetings, the organization noted.The annual congress...Read More

RAPAPORT... Rapaport Magazine recently carried an article by Farai Maguwu, founding director of the Centre for Natural Resource Governance (CNRG), in which he argued that the Kimberley Process (KP) was allowing Zimbabwe to export conflict diamonds. He cited allegations of torture and violence against local artisanal miners.Technically, Zimbabwe's goods are not conflict diamonds, noted Edward...Read More

(IDEX Online) - Twelve people have died and 4,400 have been taken ill after toxic waste from Angola's biggest diamond mine polluted drinking water, say officials in the neighboring Democratic Republic of Congo (DRC).Tailings from the Catoca mine - in which Alrosa (Russia) and Endiama (Angola) both hold 41 per cent stakes - leaked into tributaries of the River Congo, turning the water red and...Read More

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The country sits atop what could be one of the world's largest reserves of various metals and minerals, including not just gold but also platinum, silver, copper, iron, aluminum and uranium.Read full newsRead More

In case you are worried about the steep valuations surrounding equity markets, it makes sense to look at companies that can diversify your portfolio and build long-term wealth. Diversification is key to creating long-term savings that can beat inflation rates consistently. Keeping this in mind, let’s see why stocks like Barrick Gold (TSX:ABX)(NYSE:GOLD), Kinross Gold (TSX:K)(NYSE:KGC),...Read More

For the past several years, I have been slowly building up a physical gold position. But in the past several months I haven't bought any physical bullion.No coins. No bars. Nothing.That's simply because, since the beginning of the COVID pandemic, prices and (especially) premiums on gold bullion have been quite high. So I've been holding off on acquiring any more.However, following the flash crash...Read More

Here are five Fastmarkets stories you might have missed on Monday September 6 that are worth another look.Continued low demand for aluminium in Japan, unchanged since August, has weighed on fourth-quarter negotiations for the main Japanese ports (MJP) aluminium premium, which started around August 24. Multiple sources reported on Monday September 6 that the first producer to extend the offer of $2...Read More

Base-metals prices on the London Metal Exchange moved in different directions at the close of trading on Monday September 6, with aluminium continuing to reach new highs, while metals such as lead and tin ended the day on the back foot.Lead's three-month price was $2,275.00 per tonne on Monday at 5pm, dropping from last Friday's price of $2,310.50 per tonne.The metal reached a year-to-date peak of...Read More

Bob Moriarty ArchivesSep 6, 2021In response to the clusterfuck going on in Afghanistan recently a US MarineLieutenant Colonel posted a video asking why no one had been held responsible for the biggest military failure in American history surrounding the poorly planned and executed withdrawal. He demanded accountability. So his superiors fired him. He has since resigned leaving a multi-million doll...Read More

Continued low demand for aluminium in Japan, unchanged since August, has weighed on fourth-quarter negotiations for the main Japanese ports (MJP) aluminium premium, which started around August 24.Multiple sources reported on Monday September 6 that the first producer to extend the offer of $230 per tonne has put back its quarterly negotiation deadline by one week to September 10, but it will not l...Read More

Brazilian exports of alumina increased by 7.25% year on year in August, due to volumes from Alunorte more than offsetting the drop reported by Alumar, according to data published by the economy ministry on Monday September 6.Alumina exports totaled 607,160 tonnes during August, up from 566,101 tonnes a year before. On the other hand, volumes were down by 18.37% in comparison with 743,794 tonnes in...Read More

Aluminium closed up 1.49% on the London Metal Exchange to US$2,757.25, having reached $2,775.50/tonne in early trading yesterday.It was the first day back in the LME Ring yesterday for members of the open outcry trading system after an 18-month suspension due to COVID-19.In a mixed finish for base metals, copper gained 0.22% and nickel fell 0.78%.Gold softened slightly to $1,822 an ounce on the sp...Read More