News in Numbers

The World Nuclear Association has estimated that global uranium demand for nuclear reactors will reach 130,000t in 2023, prompting a spike in uranium prices.

The Indonesian government will not approve any new mining permits this year in order to crack down on illegal mining, which it estimates costs the country $375m per year.

The countries of the G7, jointly representing 70% of the consumer diamond market, have proposed a ban on import of Russian diamonds in response to the country’s invasion of Ukraine.

Saudi Arabia and the US are in talks with the DRC, Guinea and Namibia to acquire $15bn of EV metals form the countries.

A US federal committee has recommended imposing royalties on US hardrock mineral production of between 2% and 8%.