Prices of rough and polished diamonds will continue to rise amid a prolonged shortage in supply and strong jewelry demand, Alrosa said.
Miners reduced rough-diamond production by 20% in 2020, leading to inventory.
The London Metal Exchange (LME) was forced to apply the restraints as a ferocious squeeze rocked the market, with the premium for cash metal spiralling out of control to an unprecedented $1,103.50.
A new report by the Climate Council has ranked Australia in last place out of all developed countries, for its performance on climate change.
The report assessed both Australia’s track record on climate.
A STRUCTURAL decline in diamond production and growing end-user demand have created favourable conditions for sustained price growth, especially for rare rough and polished diamonds.
In its yearly diamond investment market report, Alrosa.
Chinese curbs on magnesium production, a key component of aluminium alloys, threaten the production capability of the automotive industry.
China has a near-monopoly on the production of magnesium, a key component in the.
Russian diamond miner Alrosa sold 9.2-million carats in the three months ended September, a 20% quarter-on-quarter decrease, owing to the lack of rough diamond inventories available for sale and the high base.
A crunch on coal production from key hubs in China and India is beginning to ease, but that won’t be enough to halt Asia’s energy crisis.
Major industries in the region, including steelmakers.
The rare earth sector is likely to face more substitution unless production ramps up sharply to close a looming supply gap, an industry executive has warned.
Demand for rare earth permanent magnets, key.
Aluminium prices rose on Monday to their highest since 2008 due to increases in costs of energy and raw materials used to make the metal and output cuts by the biggest producer,.
Serbia won’t phase out coal-fired power plants anytime soon as it needs them to deal with the current energy crunch, president Aleksandar Vucic said, defying European pressure to speed up its energy.
