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

European Lithium completes merger with Sizzle Acquisition to develop Wolfsberg lithium project in Austria

25 march 2024

European Lithium has completed its business merger with Sizzle Acquisition and formed the Critical Metals company which aims to develop the Wolfsberg lithium project in Austria.

The new primary focus of the newly-formed company is the construction and commissioning of the Wolfsberg mine in a move to become a key supplier for the lithium-ion battery supply chain in Europe.

Wolfsberg is expected to be the first licensed lithium mine in Europe. The definitive feasibility study proposes an average mine production rate of 780 000 t/y, peaking at 840 000 t/y over the life-of-mine of over 14.6 years. Ore reserves are estimated at 11.48 million tonnes.

The project is expected to feature two integrated operations: a mining and processing spodumene concentrate plant, and a hydrometallurgical plant to convert the spodumene into battery-grade lithium hydroxide monohydrate. The hydrometallurgical plant is expected to produce 8 800 tons of lithium hydroxide monohydrate annually.

The Critical Metals joint company has started trading its shares on the Nasdaq exchange in the US.

“The company is thrilled to announce completion of the transaction that brings Critical Metals to life and supports the future commercialisation of the Wolfsberg project on Nasdaq,” said European Lithium chairperson Tony Sage.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished