(rapaport.com) - Now, the industry is adjusting to the consequences of the Russia-Ukraine conflict and the associated US sanctions on Alrosa. Market forces have not yet enabled that to play out fully. The conflict will likely become even more important in 2023 than it was in 2022 as the supply-demand dynamic adjusts and source-verification programs gain steam. Other factors are also expected to affect the trade in 2023. The US and Chinese economies are experiencing lingering uncertainty, while the lab-grown market continues to grow and evolve. Finally, De Beers and the Botswana government are set to sign a deal that could have wider significance for the industry.
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Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
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Israel’s diamond sector poised for revival following tax reforms and De Beers comeback
De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.
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Kefi Gold and Copper restarts Tulu Kapi development after safety review
Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.
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Nornickel implements smart melt monitoring system
Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.
Today
ALROSA to help amplify Arctic agenda at UN
In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.
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