Over the past few months, China has made a few key moves that will likely culminate in rising tungsten prices. The latest development involves China declaring tungsten a strategic metal, which means that the country will no longer offer any tax breaks, and instead will tax exports.
Following the upward trend of vanadium prices, the price for iron ore fines has also improved. Despite a depressed steel market, a notable recovery is evident in the vanadium market since the year end, with prices reacting to positive market demand.
Nickel prices have been increasing steadily over the last year and are trading around $22,700. Nickel has rallied around 20 per cent this year making it the strongest performer of the base metals complex.
By Melissa Pistilli-Exclusive to Resource Investing News Diamond Investing News The big four diamond miners, who account for 90 percent of the market, have all cut production as demand has significantly waned under the global economic crisis. There is a glimmer of hope in the diamond industry that the sector will make a recovery in [...]
Diamond Investing News reports the summer diamond market did well and took a marginal rise of 0.9%. Hong Kong reported July retail sales were flat, with jewelry among the worst performers. July diamond imports from India fell 14.7 percent to $25.56 million. Imports from Belgium rose 8.8 percent to $22.9 million. For complete story, click [...]
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