- Gold has outperformed equities and bonds over the long term - PwC Research- Gold is up 6.7% and 6.8% per annum over 10 and 20 year periods; Stocks and bonds returned less than 5.2% respectively over same period (see PwC table)- From 1971 to 2016 (45 years), "gold real returns were approximately 10% while inflation increased 4%"- Gold also valuable due to lack of correlation and hedge against...Read More
Peter KrauthIt's Economics 101. Price works to balance supply and demand. Limited supply causes higher prices; higher prices help curb demand.Well, a potentially very profitable twist on that equation is playing out right now in the silver market. Mined silver supplies have been drying up over the past few years, while silver prices have climbed 20% in the same time frame.But the exciting opportun...Read More
The Indian government is to impose a 20% export duty on graphite electrodes from April 1, according to the International Rebar Producers & Exporters Association (Irepas).The Indian government has included a provision to change customs tariffs for certain products including electrodes in its 2018 finance bill, which is currently being debated and is expected to be put to a vote for approval by the...Read More
A summary of base metals premiums across the globe for the week to Tuesday February 13.Read More
RAPAPORT... Mountain Province Diamonds has posted its highest monthly sales total to date, as better-quality production and improved demand drove rough prices higher in February.The company sold a total of 351,000 carats from its Gahcho Ku?(C) mine for $27.3 million during the month, at an average of $78 per carat. The increase from $53 per carat in December was due in part to an improvement...Read More
(IDEX Online) - Thailand's Ministry of Commerce's Department of International Trade Promotion (DITP) will hold the 61st edition of the Bangkok Gems & Jewelry Fair (BGJF) under the theme of "Heritage & Craftsmanship". The February 21 to 25 fair will "highlight Thailand's cultural heritage and the exquisite craftsmanship of Thai artisans that is internationally renowned". The 61s...Read More
LONDON – Robert Mugabe’s fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner – and former England cricketer – Phil Edmonds.Groves is preparing to relist the pair’s Zimbabwe coal, chrome and gold assets in London through the reverse takeover of a cash shell, or dormant company. H...Read More
Base metals prices on the London Metal Exchange were in positive territory across the board at the close on Tuesday February 13, after the complex was boosted by a weaker dollar and continued to rebound following last week's sell-off."LME base metals are showing their strength once again and pushing back up to the high levels seen before the sell-off. The market needs to stabilize back at these le...Read More
RAPAPORT... Alrosa's sales surged 38% to $504.5 million in January, as a strong holiday season boosted market sentiment. "We have seen good demand for the whole assortment of ourdiamond products," Yury Okoemov, deputy CEO of Alrosa, said Monday. "[Demand was]supported by positive trends in the major sales markets, backed by good retailsales results in 2017, including the Christmas season, and grow...Read More
(IDEX Online) - Mountain Province Diamonds Inc. said its recently completed first diamond sale of 2018 produced the highest result to date in total dollar terms, with total sales of $27.3 million for an average value per carat of $78, and $83 on a normalized basis. Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku?(C) diamond mine located in Canada's Nort...Read More
MOSCOW – Russia's Alrosa said on Monday it had sold rough and polished diamonds worth $504.5-million in January.Rough diamond sales had amounted to $499-million and polished diamond sales to $5.5-million, it said in a statement.Advertisement“Earlier this year, we have seen good demand for the whole assortment of our diamond products," said deputy CEO Yury Okoemov."It was...Read More
Steel traders in Russia expect rebar producers to review their prices downward due to poor demand in the secondary market, Metal Bulletin has heard.In winter, construction activity is low in Russia because of the poor weather conditions, so demand for rebar normally falls.Metal Bulletin's price assessment for Russian domestic 12mm A500C rebar was 35,000-35,500 roubles ($603-612) per tonne cpt Mosc...Read More
RAPAPORT... India's gem and jewelry exports will grow by adouble-digit percentage this year, Pramod Agrawal, the newly elected chairman ofthe Gem & Jewellery Export Promotion Council (GJEPC), predicted this week. The high quality of Indian manufacturing and arecovery in US and European markets will drive the growth, Agrawal explained atthe Signature India International Jewellery Show (IIJS) in...Read More
(IDEX Online) - ALROSA sold $499 million of rough diamonds last month. ALROSA Deputy CEO Yury Okoemov said the miner saw "good demand for the whole assortment of our diamond products". It was supported by positive trends in the major sales markets backed by good retail sales results in 2017, including the Christmas season, and growing polished diamond prices in January," commented on the Ja...Read More
Turkish steel producers skipped Tuesday February 13 with no deep-sea bookings, amid high offer prices, market participants told Metal Bulletin.Scrap suppliers in the Baltic Sea region were heard offering HMS 1&2 (80:20) at around $355 per tonne cfr, but mills in Turkey were not willing to pay such high prices, sources said.The most recent deals, heard at the end of the last week, were from the Uni...Read More
The latest metal markets news and price moves to start the North American day on Tuesday 13 February.Aluminium prices on the London Metal Exchange have retreated from early morning highs after a significant delivery into LME-listed warehouses in Asia caused on-warrant stock to surge by 18%.The three-month price was trading at a high of $2,151 per tonne - a $27 per tonne increase compared to Monday...Read More
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Good morning from Metal Bulletin's offices in Shanghai as we bring you the latest news and pricing stories on Tuesday February 13.Base metals prices on the Shanghai Futures Exchange were broadly stronger during Asian morning trading on Tuesday, with nickel prices leading on the upside with a gain of 0.8%, while lead (-0.3%) was the only metal to lose ground.The May nickel contract on the SHFE stoo...Read More
Aluminium prices slumped last week With...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue a...Read More
SHANGHAI, Feb 13 (SMM) – Base metals futures on the SHFE performed strongly today with nickel leading the gains with some 2% rise. Copper was up 1.5% while aluminium and zinc climbed close to 1%. Lead, however, edged down slightly.Ferrous metals prices rose across the board as iron ore increased by over 1% and coking coal went up 0.6%. Hot-rolled coil was up 0.53% while rebar and coke inched...Read More