RAPAPORT... World demand for gold jewelry grew 4% year on year to2,135.5 tonnes in 2017, boosted by growth in India, the World Gold Council (WGC) reported Tuesday. India saw annual growth of 12% to 562.7 tonnes, led by strongmomentum in the fourth quarter as gold prices decreased in rupee terms. The holidayseason -beginning with the Dhanteras wedding festival in early October -also drove sales. Th...Read More
(IDEX Online) - Jewelry giant Pandora reported that group revenue in 2017 increased by 12% (15% in local currency) to DKK 22,781 million ($3.8 billion). Revenue from Pandora owned retail increased by 42% (46% in local currency). Like-for-like sales growth for Pandora owned concept stores was 11%. Revenue from EMEA increased 13% (15% in local currency), while in the Americas it...Read More
The benchmark Rotterdam duty-unpaid premium touched a fresh one-year high of $100-107 per tonne on Monday February 5, fuelled by a surging US Midwest premium. The aluminium P1020A in-warehouse Rotterdam, duty-unpaid premium touched highs of $105 per tonne in February 2017. Participants short of material and some who want to ship metal to the Midwest, where the premium is at a four-y...Read More
RAPAPORT PRESS RELEASE, February 6, 2018, New York... Diamond market sentiment improved in January, with firm prices after retailers reported a better-than-expected holiday season. Suppliers are gaining confidence about first-quarter orders as jewelers start to replenish stock after holiday sales. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds rose 2.2% during January. RAPI for 0.30-cara...Read More
Mining investors in the Democratic Republic of Congo (DRC) are united in their desire to fight the country's new mining code, and could take legal action if they fail to reach a mutually-agreeable solution, according to the chief executive officer of Randgold Resources.Speaking during an interview with Metal Bulletin on a panel at the Mining Indaba conference in Cape Town, Bristow said that it was...Read More
RAPAPORT... Titan Company's sales grew in the fiscal third quarter, buoyed bya healthy Diwali season and recent government regulations that favored thejewelry business. Revenue rose 7% year on year to $670.4 million (INR 42.96 billion),while profit for the three months ending December 31 surged 21% to $44 million (INR2.82 billion). All the company's businesses - which include jewelry, watches,sung...Read More
RAPAPORT...Two senior executives will leave Signet Jewelers, adding toa list of recent departures from the US retail giant. Steven Becker, Signet's chief human resources (HR) officer (pictured, left),and George Murray, its chief retail insights and strategy officer (right), will exitthe company on May 5, the jeweler said Monday. Becker and Murray will both receive their base salaries for12 m...Read More
The latest metal markets news and price moves to start the North American day on Tuesday February 6.Base metals prices on the London Metal Exchange were lower across the board during morning trading today on further profit-taking.Here is how the LME base metals complex looked at 12.04pm London time:For a snapshot of exchange news, check out our live futures report.Premiums for index-linked cargoes...Read More
Good morning from Metal Bulletin's offices in Shanghai as we bring you the latest news and pricing stories on Tuesday February 6.Much like yesterday, most base metals prices on the Shanghai Futures Exchange were under pressure during Asian morning trading on Tuesday, with sharp falls in the US stock market overnight damping market sentiment.Nickel prices continued their recent run of weakness as t...Read More
SHANGHAI, Feb 6 (SMM) – SHFE aluminium led the loss in base metals today with an over 1% drop, while nickel was down 0.75% and lead was 0.66% lower. Copper slid 0.51%.The ferrous complex showed much stronger performance today as coke and coking coal rose 2%. Iron ore also edged up slightly but hot-rolled coil and rebar dipped.Copper: SHFE copper was weaker due to an overall bearish sentiment...Read More
SHANGHAI, Feb 6 (SMM) – SHFE aluminium led the loss in base metals today with an over 1% drop, while nickel was down 0.75% and lead was 0.66% lower. Copper slid 0.51%.The ferrous complex showed much stronger performance today as coke and coking coal rose 2%. Iron ore also edged up slightly but hot-rolled coil and rebar dipped.Copper: SHFE copper was weaker due to an overall bearish sentiment...Read More
SHANGHAI, Feb 6 (SMM) – SHFE aluminium led the loss in base metals today with an over 1% drop, while nickel was down 0.75% and lead was 0.66% lower. Copper slid 0.51%.The ferrous complex showed much stronger performance today as coke and coking coal rose 2%. Iron ore also edged up slightly but hot-rolled coil and rebar dipped.Copper: SHFE copper was weaker due to an overall bearish sentiment...Read More
SHANGHAI, Feb 6 (SMM) – SMM assessed imported copper concentrate treatment charges (TCs) at $74-86/mt as of Friday February 2, unchanged from a week ago as the holiday mood kicked in.Trading liquidity was thin and enquiries were few and far between, sources told SMM. We expect the copper concentrate spot market to be quiet until early March.In the domestic market, the pricing coefficient of...Read More
Originally posted at ExecSpecIn recent months we have been warning that the first deep dive in stocks since Trump's 2016 election would be in the 1st quarter 2018. Once Trump passed the tax cuts last December we opined that the trigger for this market decline would be wage inflation and fear of higher interest rates. The strong economy was already adding inflationary pressure to material prices an...Read More
SHANGHAI, Feb 6 (SMM) –Copper: We see firm support for SHFE copper at the 53,000 yuan/mt level with both sides of the market at a standoff. In the spot market, sellers were unwilling to let go their cargoes at big discounts as the price spread between the SHFE 1802 and 1803 contracts continued to expand. We expect spot copper to trade at a discount of 40 yuan/mt to a premium of 20 yuan/mt to...Read More
SHANGHAI, Feb 6 (SMM) – LME nickel inventory fell for the 10th consecutive trading day to 350,652 mt as of Monday February 5, marking the lowest level since late September 2014. Nickel inventory at SHFE was also lower for three weeks in a row, at 56,194 mt as of Friday February 2. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to...Read More
SHANGHAI, Feb 6 (SMM) –Copper: We see firm support for SHFE copper at the 53,000 yuan/mt level with both sides of the market at a standoff. In the spot market, sellers were unwilling to let go their cargoes at big discounts as the price spread between the SHFE 1802 and 1803 contracts continued to expand. We expect spot copper to trade at a discount of 40 yuan/mt to a premium of 20 yuan/mt to...Read More
SHANGHAI, Feb 6 (SMM) –Copper: We see firm support for SHFE copper at the 53,000 yuan/mt level with both sides of the market at a standoff. In the spot market, sellers were unwilling to let go their cargoes at big discounts as the price spread between the SHFE 1802 and 1803 contracts continued to expand. We expect spot copper to trade at a discount of 40 yuan/mt to a premium of 20 yuan/mt to...Read More
February06, 2018 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) ("ATAC" or the "Company")announces exploration results and project developments from its 100% owned, 660 km2Rau Project located at the western end of theCompany's Rackla Gold Property, Yukon.Theobjectives of the 2017 Rau Project exploration program were to improve the knowledgebase related to existing targets along trend from the T...Read More
CALGARY, Alberta, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to provide its shareholders an outline of the 2018 program for the Schaft Creek copper-gold-molybdenum project located in northwestern British Columbia. The Schaft Creek project is managed through the Schaft Creek Joint Venture...Read More