Diamond – The Africa Report reported that diamond miners in Zimbabwe, one of the world's top diamond-producing countries, are saying that it is not economically viable for them to dig any deeper for the gems. As a result, the African nation may have to stop producing diamonds.
Resource Market News Directory
Platinum – International Business Times reported that in 2014, platinum supply and demand fundamentals will be primarily driven by South Africa, China and Europe. Circumstances in all three countries are expected to keep the precious metal in deficit.
Iron – The largest iron ore mine that Australia's Northern Territory has seen in 20 years opened on Monday, Herald Sun News reported.
Iron – Australia's Fortescue Metals Group (ASX:FMG) has broken a new record by loading its biggest-ever shipment of iron ore through Port Hedland, Australian Mining reported.
Nickel – Metal Bulletin reported that during today's official London Metal Exchange (LME) session, nickel prices rose to a four-week high on the continuation of a short-covering rally that began last week when Indonesia confirmed it will ban the export of raw materials starting in January.
Gold – Gold prices increased on Monday as the US dollar fell.
Silver – Against the backdrop of a lower dollar, silver rose $0.28 from the previous session to hit $19.74 per ounce earlier today.
Copper – Three-month copper prices on the London metal Exchange hit a month-high of $7,145 a tonne in London before settling back down to $7,130.
Palladium – International Business Times reported that according to Norilsk Nickel (MCX:GMKN), sales from the Russian government's "secret" palladium stockpiles could come to an end by 2014.
Coal – Bloomberg reported that as coal exports from Australia to Colombia increase, a rally that has lifted prices for the fuel will come to an end. As a result, the coal surplus will increase by 20 percent, to 6 million metric tons, in 2014, according to Credit Suisse Group AG (NYSE:CS).