Nickel price at lowest since 2021 on oversupply concerns

The firm is looking for potential deals to process rough diamonds in countries including Namibia, South Africa, Lesotho and the DRC.

Global nickel prices are poised to decline over the next few years as top producer Indonesia ramps up supplies and production costs fall.

Earlier attempts to sanction Russian gems in Europe have met resistance from importer nations like Belgium.

Refined zinc prices are expected to be on a downward trend until 2025, analysts said.

Zeta Resources, which owns 9.96% of Copper Mountain, and Mitsubishi Materials, which owns 25%, have signalled their approval.

Even when iron-ore prices fall, Australian producers are still highly profitable given they have a lower cost, said

Asian smelters ramped up capacity amid a lack of matching mining projects in the pipeline.

Poland in April presented a proposal for a new set of sanctions on Russia for waging war against Ukraine, including oil and diamond imports.

Cochilco currently regulates and oversees the country's copper industry.