December 22, 2023

Diamond output of sanctions-hit Alrosa down in 2023, stockpiling likely

Alrosa said on Friday that its 2023 output fell by 2.8% year on year to 34.6 million carats.

December 21, 2023

UK fraud watchdog must pay damages to ENRC, court rules

ENRC has always denied any wrongdoing and argued the UK's Serious Fraud Office would not have launched its investigation if it had not first induced the company's former lawyer to…

December 20, 2023

India urges G7 to delay ban on Russian diamonds as rules lack clarity

Home to 90% of the world's diamond cutting and polishing industry, India is critical to the implementation of the ban.

December 19, 2023

Russia says it will have no trouble skirting latest EU sanctions

The new sanctions package bans the import of Russian-origin non-industrial diamonds.

December 18, 2023

Nornickel joins stainless steel factory project, aims to increase nickel sales

Annual production at the new plant is expected to be up to 500,000 metric tons per year.

December 18, 2023

Russia considering waiving export duties for two Rusal smelters

Russia imposed export duties linked to the rouble-dollar exchange rate until the end of 2024 on a wide range of goods.

December 15, 2023

LME faces fresh worries about Russian metal after UK sanctions

Any move by the US or EU to follow the UK’s sanctions on metals trading would likely force the LME’s hand.

December 15, 2023

Plummeting platinum group prices could worsen shortage — report

PGM prices have fallen by 42% this year and could widen a supply deficit if unprofitable mines are sidelined.

December 15, 2023

New sanctions bar UK entities from trading most Russian metals

Prices of metals produced by Russia surged as panicky traders struggled to understand how widespread the impact of the measures would be.

December 14, 2023

Palladium price surges 12% as UK sanctions target Russia metals

Palladium is headed for its biggest gain since March 2020.