Topic
production halt
Commodities FACT halts ammonium sulphate production amid raw material crunch, rising costs
Public sector Fertilizers and Chemicals Travancore Ltd (FACT) has suspended ammonium sulphate production due to supply chain disruptions and soaring raw material costs from geopolitical tensions. The government has imported enough fertilizer to cover the shortfall, ensuring no impact on farmers. FACT is exploring alternative sources to resume production.
De Beers halts diamond production at flagship South African mine for two years amid market slump
De Beers is suspending production at its flagship Venetia diamond mine in South Africa for two years, citing depressed market conditions and changing consumer habits. The mine accounts for over 40% of the country's diamond output and employs more than 4,000 workers. The International Diamond Consultants' rough diamond price index has almost halved since 2022, driven by falling demand in China and competition from lab-grown diamonds.