Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

Yesterday

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

There is no shortage of lithium in Russia - TVEL

05 october 2023

Currently, there is no shortage of lithium raw materials in Russia, said Mikhail Metelkin, director of the Special Chemistry division of the TVEL fuel company, a subsidiary of Rosatom.

According to him, the joint project of Rosatom and Norilsk Nickel on the Kola Peninsula, which is in early stages of development, will completely cover the lithium demand in the country. The Polar Lithium joint venture will produce about 45,000 tons of lithium per year at the Kolmozersky deposit.

Production will begin no earlier than 2028 due to difficult climatic conditions and a lack of infrastructure. A quarry and a processing plant will be built at the deposit. Ore will be processed at the facilities of the Norilsk Nickel factory in Monchegorsk. The volume of investments may exceed 50 billion rubles, Kommersant reports.

Lithium projects are also being implemented in the Trans-Baikal Territory, Irkutsk Region, and the Arctic.

Currently, there is no lithium mining in Russia, the metal is exported from South America in the amount of 9,000 tons per year.

The price of lithium on the world market has dropped to $30 per 1 kg.

Alex Shishlo for Rough&Polished