ICSG sees global refined copper market in surplus through 2027

The Lisbon-based International Copper Study Group (ICSG), an autonomous intergovernmental think tank, has published its 2026 - 2027 global refined copper market report and forecast a widening surplus.

Yesterday

Canadian Exiro Nickel acquires nickel assets from Vale

The complex comprises two mines and a facility for the production of refined nickel. According to the most recent data—covering the period from the fourth quarter of 2023 through the third quarter of 2024—Thompson Operations produced 10,500 tonnes of...

22 october 2026

DRDGOLD Q3 gold output climbs 10% as revenue reaches over $180m

DRDGOLD's gold production increased by 10% to 42,021 ounces for the quarter ended 30 September 2026, supported by a 15% improvement in yield to 0.212g/t despite a 5% drop in tonnage throughput. 

22 october 2026

Kumba Iron Ore Q3 production falls 19% as sales rise 3%

Kumba Iron Ore's total production decreased by 19% to 7.5 million tonnes (Mt) for the third quarter ended 30 September 2026, down from 9.2 Mt a year earlier.

22 october 2026

Antofagasta Q3 copper output up 7%, annual guidance maintained

Chilean miner Antofagasta has reported that its copper production increased by 7% in the third quarter of 2026 to 151,900 tonnes, compared to 142,000 tonnes in the same period a year earlier.

22 october 2026

Kazan learned to make diamonds in lab – jewellers shocked

13 june 2012

In the nearest future, Tatarstan may witness the appearance of a new brand, ‘Kazan Polished Diamonds,’ according to prokazan.ru. Oleg Lopatin, Associate Professor of the Mineralogy and Petrography Chair at the Institute of Geology, and Rustem Haibullin, Senior Researcher of the Radiation Physics Laboratory at the Kazan Institute of Physics and Technology, found out how to convert ordinary minerals into precious gems increasing their value hundreds of times by way of adding fashionable hues to their natural color.

The idea to colour minerals struck Oleg Lopatin and Rustem Haibullin, his former schoolmate, when the two friends met in one of the Kazan cafes.

“Its implementation took us as long as 15 years,” Oleg recollects. “We started from producing rubies. We took pure aluminum oxide at the price of one rouble per tonne, exposed it to radiation in the accelerator and obtained rubies and sapphires. In real natural conditions, it would take millions of years for minerals to form, but we found out how to make them within 10 to 15 minutes! And experts have never put the original nature of our gems in doubt.”

However, the researcher achieved fantastic results in processing diamonds. It is known that colored diamonds are very rare (one per million) and are highly valued in the gem market: a one carat diamond may reach up to one million dollars in price. The prime cost of a polished diamond made in Kazan is equal to the cost of power consumed and substances and materials used.

“So far, we have learned how to achieve golden and black hues in diamonds,” Oleg Lopatin says. “At present, we are working on polychromatic polished diamonds, that is we want to colour a gem stone in several hues. For example, we make the top of a polished diamond dark blue and the lower part of it red.”

To color precious gems the researchers use an ion-beam accelerator in the Kazan Institute of Physics and Technology.

“This facility could be called the great-grandfather of the Large Hadron Collider,” Oleg Lopatin jokes. “The unique feature of the Kazan accelerator is its ability to cover the whole Periodic Table of Mendeleyev.”