Despite the recent opening of two new mines, global rough diamond production will reach its peak by 2019 and there will be a supply deficit only a year after that, two separate reports published this week show. Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show. According to one of them, unveiled Wednesday byconsulting group GlobalData, production of rough diamonds will increase from 127 million carats last
Oil major BP is shipping almost three million barrels of U.S. crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC last week announced deep production cuts. BP's efforts, involving one of the world's longest sea routes, seven tankers and a series of ship-to-ship transfers, underscore a desire among oil traders to develop new routes to sell swelling supplies of cheap U.S. shale oil to Asia, the world's biggest consumer region
The import price of 62% Fe content ore at the port of Tianjin raced 4.8% higher to $82.40 per dry metric tonne on Wednesday. The benchmark is now trading at its highest since the beginning of September 2014. Year to date the price of the steelmaking raw material is up 92.3% following near-decade lows in December last year according to data supplied by The Steel Index. The all-time record in terms of dollar value was set in January 2014, when the country imported $11.3 billion worth of iron
On Wednesday, the palladium price continued to defy weakness in the precious metal complex with Nymex contracts for March delivery up slightly to exchange hands for $736 an ounce. While gold is down nearly $180 an ounce since Donald Trump's victory in the US presidential elections and silver and platinum have both dropped, palladium has gained more than 10% over the same period. Measured from its January low palladium is up more than 56%. At the same time, higher prices could incentivise rec
A more than 40-percent jump in price in less than 12 months would constitute a spectacular year for any asset. That's exactly what oil did, rising from a low of $36 a barrel in January to about $52 a barrel in recent months. Hedge-fund managers are stunned that their year could have been made so easily. Even in the days following the election, oil was still trading in the low $40s. It is up more than 15 percent in the past month alone. But here's why that isn't cause for celebration just yet.
Gold inched up on Tuesday as bargain-hunters moved in after prices touched their lowest in 10 months the session before, but a possible U.S. rate hike as early as next week capped gains. "With a Fed rate hike approaching, the whole market is just waiting for that," said Jiang Shu, chief analyst at Shandong Gold Group. Shu said gold was seeing some support from buying by Chinese jewellery makers ahead of an early Spring festival next year. Spot gold was down 0.2 percent at $1,16
Canada’s Cenovus Energy (TSX:CVE) has decided to resume the expansion of its Christina Lake oil sands project, in northeast Alberta, and to do so is boosting its 2017 budget by ... Full Story
is pleased to announce that it has achieved another production milestone. Based on field estimates, Manitok's current production level exceeds 7,100 boe/d (40% light oil and liquids) ... Full Story
The Dow and the Transports. Nasdaq and the S&P. The Russell 2000 ETF is up 16% since the Elec... Read More
Yesterday we spoke about markets "Melting Higher" They melted like a Rocket. The ... Read More
We are told and read about the near unanimity of opinion about the Trump Trade. Whatever one thin... Read More
China’s economy is currently growing at its lowest rate in the past 25 years. The Chinese c... Read More
NAI500 is delighted to spend some time with the CEO of Cohbar Inc. (TSXV:COB.U), one of the emerg... Read More
The evidence is mounting: Resverlogix Corp.'s first-in-class, epigenetics-based drug cand... Read More
Company Summary: · Hello Pal offers a powerful mobile tool for learning languages by allowing users to connect with native speake... Read More
Gold producer unloads ore into crusher at Dynacor’s Metalex plant in Huanca, Peru May 26, 2016: Notes from call with Dynacor and key stakeholder who first started accumulatin... Read More
The year of 2015 completed with a flurry of deals and news that trigger our thoughts for what to look for in 2016. While the volatility of Chinese stock market still very much i... Read More
Diamcor Mining Inc through its subsidiaries is engaged in the identification, acquisition, explor...
AXMIN Inc is a mineral exploration company. The Company is engaged in exploration and development...