Morning Bites (part 2)

💍US preliminary jewellery sales were up 6% YoY in January, after the 2% YoY fall in December. According to Mastercard SpendingPulse, the earlier start to Valentine's Day shopping likely bolstered local consumer spending. Despite the potentially upbeat results in the US (~50% of global diamond jewellery retail sales), we maintain our negative view on the diamond sector globally, amid unfavourable macroeconomic conditions and the substantial drop in De Beers’ recent rough sales

🔋Vulcan Energy Resources expects to produce 60% more lithium in Germany, compared with the preliminary feasibility study. The first output is seen in late-2025, with full production to be reached by 2027. On our numbers, the revised capacity increase (to ~27kt LCE per annum) accounts for <1% of global Li supply in 2025F, so we expect only a marginal effect on the market balance

#diamonds #lithium
https://metals-wire.com:3000/news-reports