News
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.
23 october 2026
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
Colored Diamonds: Stones with Brilliant Profit Potential
02 september 2011
Demand for colored diamonds is surging and prices are rapidly following the upward trend. According to Leibish Polnauer, President of Leibish & Co, a five carat yellow diamond is currently selling in the range of $75,000-$100,000, and notes that this is a 40 percent increase over last year’s prices.
Reigning Is Not Forever
01 september 2011
Spending a week in the Mumbai diamond market is always a revelation. Just prior to my arrival, traders from around the world were talking about how premiums for rough had eroded and that trading in DTC boxes was at a near standstill, says Edahn Golan on www.idexonline.com. The reason for this was "a lack of liquidity in the Indian market," according to many. In other words, if the Indian market decides, for whatever reason not to buy rough, the goods do not move and prices go down.
Cash Strapped
31 august 2011
Diamond cutters, mainly in India, are facing tough times. Simply put, they no longer have the cash to support the high rough diamond prices that have defined the market for so long.
Americans are tightening their belts - demand for luxury goods in the U.S. goes down
30 august 2011
The shake-up in the stock market which started on July 22 causing its decline on average by 13% may mean lower sales for retailers selling luxury goods, including Tiffany, Neiman Marcus, Zales, Saks Fifth Avenue, Coach, Movado, etc.
Botswana maximising benefits as diamond prices lift economy
29 august 2011
With diamond sales soaring and prices of rough goods above their pre-2008 financial levels, the main beneficiaries have been diamond producers and producer countries, according to Antwerp Facets. Strong financial results were released earlier this month by the world's two largest producers – De Beers and Alrosa – and now De Beers’ partner, Botswana, has followed them with a report showing the positive impact that rising production and diamond prices are having on its national economy.
