Despite billions spent on exploration, only around 30 significant diamond mines are currently in production.
Platinum hits 3-week low and palladium falls back below $800 an ounce.
As protests in Ukraine's eastern region turned violent on Sunday leading to the death of a Ukrainian security officer in a shootout with pro-Russian militia, Kiev threatens military action while Moscow flexes its geo-economic warfare muscles.
Speculation is mounting as the industry has shifted enough to make a buyout attractive.
Safe-haven buying sparked after Ukraine calls for UN Peacekeepers and chances of "gas war" increases.
Now a $2 billion stock, Stillwater Mining gaps higher again on Monday as South Africa-Russian supply picture darkens.
Russia is a major trading partner with the eurozone as well, supplying about 40% of the energy requirements in the area. That is why an escalation in Crimea could devastate the region, especially at a time when the economy is finally growing in the eurozone.
Major powers are scrambling for as much of the world’s resources as they can control. Exploration and drilling intensify daily. Previously inaccessible or unprofitable areas are targeted – the days of easy access to the globe’s resources no longer exist.
Palladium breaks through $800 to two-and-a-half year high as lease rates double and ETFs attract 270,000oz in two weeks.
Retakes $1,300 an ounce after Russia says Ukraine headed for a civil war.
The real reason platinum and palladium should rise over the coming years has nothing to do with geopolitics or labor issues, Rick believes.
Defying all expectations of a continued rally, palladium lost 3% and platinum fell back to pre-strike levels on Monday.
Doyle, 63, will probably be remembered the most as the CEO who fended off BHP Billiton’s hostile takeover bid for the Canadian fertilizer producer.
A Crimean museum's ancient gold collection in limbo after Russia annexation of the Ukrainian territory.
Ukraine uses gas for about 40% of its energy needs, and more than half of that supply comes from Russia.
KP405 is said to have enough of the fertilizer ingredient to sustain a mine for decades.
Stats like platinum-backed ETF holdings surging to a record high have so far failed to move the price. Speculators are betting that's about to change.
The more or less severing of relations between Russia and Europe will accelerate a Russian pivot towards China.
Cobalt is considered a ‘technology enabling’ substance as its at the forefront of technological developments and innovation.
What the lof Crimea means for Ukrainian energy?
Precious metal hits two-and-half-year high over supply uncertainty from top producing countries.
Futures for April delivery hit a low of $1,358 an ounce and stood at $1,360.90 by 07:30 GMT, down $12.00.
Traders are now focusing on the US Federal Reserve next interest rate announcement coming up Wednesday.
Traders are closely following Sunday’s poll in Ukraine's Crimea region, as its results could further increase geopolitical tensions and hence affect gold prices.
50 mines are estimated to account for 90% of global rough diamond supply in 2014.
Developments in China and Ukraine are likely the driving forces.
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