Diamond – AllAfrica reported that diamond cutters and polishers in Zimbabwe are closing down because the country's government is not adhering to a policy that states they should receive a quota of locally produced diamonds.
Articles Tagged "diamond polishing"
Diamond – Mining Weekly reported that Ernie Blom, president of the World Federation of Diamond Bourses, believes that the fact that there are now only 600 diamond polishers in South Africa — down from 4,500 two decades ago — indicates that the country's diamond-cutting and -polishing industry is not in a good place. He believes people working in those industries need more training.
Spot aluminum premiums have climbed to their highest price in nearly five years, in the face of mounting warehouse stockpiles. The amount of aluminum stored in warehouses has climbed to a 32-year high.
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.
Molybdenum producers have had a busy week, with multiple mergers and new mining operations announced as demand rises.
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.