News
Indian jewellers promote natural diamonds amid competition from lab-grown stones
Falling prices for lab-grown diamonds and their resulting rise in market share are transforming India’s diamond jewellery market and prompting jewellers to take proactive measures.
Yesterday
Ethiopia opens first gold refinery to serve region
Ethiopia has inaugurated its first gold refinery, a $50 million joint venture that the government hopes will establish the country as a regional hub for precious metals processing, Prime Minister Abiy Ahmed announced over the weekend, according to Reuters...
Yesterday
Anglo American bets R11.2B on South African mining's future
Anglo American has reaffirmed South Africa's potential as a premier mining investment destination, even as the company commits R11.2 billion ($677 million) to an ultra-high dense media separation iron-ore project at Sishen in the Northern...
Yesterday
Nornickel forecasts $4 billion in precious metals revenue for 2026 - report
A senior Nornickel representative noted that the company expects to generate $4 billion in revenue from precious metals sales this year.
Yesterday
Russia to build first permanent REM magnet plant
In 2028, Russia is set to start the construction of its first plant for manufacturing permanent magnets from rare-earth metals (REM) in the city of Glazov, to be commissioned in 2029 with an initial capacity of 500 tonnes per year, said Andrey...
Yesterday
Nornickel mulls new overseas project
24 may 2024
(kommersant.ru) - The world's fourth-largest platinum producer Norilsk Nickel may begin the production of this metal in Bahrain. Market participants believe that this agreement could involve establishing a joint venture with a local partner to avoid association with platinum from the Russian Federation.
Diamonds may not be forever: Belgium's grip on gems shaken by Russian sanctions drive
17 may 2024
(thenationalnews.com) - From the corner where the International Gemological Institute stands on one side and the Diamond Bourse on another, as far as the eye can see, the outlets at the heart of a historic Antwerp district have long inspired awe for the sheer concentration of a global trade in the most valuable cut stones.
What goes up must come down: the evolution of the lithium industry
10 may 2024
(woodmac.com) - Any industry experiencing an intense and prolonged growth trajectory will incur periods where it is less smooth sailing. In the last few years, lithium went through one of those periods where a supply deficit resulted in prices increasing eight to thirteenfold.
What’s Causing China’s Diamond Slump?
02 may 2024
(rapaport.com) - In mid-2023, as China’s real-estate crisis lingered, property firms started to offer gold bars as an incentive to buy their apartments. The property slump, along with several other factors, is having a marked effect on consumer confidence and the diamond market.
Guarding bullion: Mineral extraction tax on gold in Russia increases
24 april 2024
(iz.ru) - The Council of Federation has approved the law on increasing the mineral extraction tax (MET) on gold. It is aimed at offsetting the losses of federal budget revenues from the declined exports. In addition, the Ministry of Finance is considering the possible abolition of an export duty when an increased MET is imposed. The Izvestia newspaper found out the effect of such a move on the market and budget, and why it makes sense to abandon export duties on precious metals.
