Germany Chancellor plans lithium deal with Serbia after Rio ruling
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.
De Beers, the world’s largest rough diamond producer by value, saw its sales declining by 11% during the fourth cycle of the year compared with the previous cycle.
The Anglo American’s unit said provisional diamond sales of $520 million for the fourth sales cycle ended May 15, compared with $586 million generated in the previous sales cycle. Sales for the fourth cycle of 2016 were $636 million.
The company, however, said it continues to see steady demand despite the industry entering a typically quieter season.
“Sentiment remains positive as we head towards the important Las Vegas trade show in early June,” chief executive Bruce Cleaver said in the statement.
