The diamond market is being greatly influenced by economic sentiment. A far cry from the supply-driven market that it once was, today, short-term diamond trading is largely driven by macroeconomic factors, Avi Krawitz writes in his analysis posted on www.diamonds.net.
News
Gem Resources processes 5,500 t of ore as part of Gravelotte start-up phase
Gem Resources, formerly URA Holdings, has processed about 5,500 tonnes of ore, primarily sourced from tailings and stockpiled materials, as part of Phase 1 of the restart at the Gravelotte emerald mine in Limpopo, South Africa.
Today
Banks consider increasing Tuli Kapi loan facilities to $240mln
Banks are planning to increase the proposed project finance debt package for the Tulu Kapi gold project in Ethiopia from $ 190 million to $ 240 million if all conditions are met and remaining formal approvals are obtained, according to Kefi Gold and...
Today
Codelco’s copper production slightly up in Q3 2024
Chile's state-owned miner Codelco has announced its third quarter 2024 results and reported that its copper production rose 2% to 338 000 tons compared to Q3 2023.
Yesterday
US provides support to mining companies to accelerate green energy transition
The US Treasury Department has pledged a tax credit to certain mining companies able to process critical minerals into final products needed for green technologies.
Yesterday
Wider deficit and higher prices expected at copper market next year - analysts
Market analysts predict tighter supplies of copper as a result of higher demand in China and elsewhere, and the decline in production volumes, which would lift up the prices.
Yesterday