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REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsLONDON, Oct 31 (Reuters) - Global gold demand excluding over-the-counter (OTC) trading slipped 6% in the third quarter as central bank buying fell short of last year's record levels and consumption by jewellers declined, the World Gold Council (WGC) said on Tuesday. Gold demand shot to an 11-year high in 2022 due to the biggest central bank purchases on record. "With geopolitical tensions on the rise and an expectation for continued robust central bank buying, gold demand may surprise to the upside," said Louise Street, senior markets analyst at the WGC. Central bank demand totalled 337.1 tons, down from a record 458.8 tons a year before. QUARTERLY GOLD SUPPLY AND DEMAND (tonnes)** Source: World Gold Council, Gold Demand Trends Q3 2023Reporting by Polina Devitt; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Louise Street, Polina Devitt, Jan Harvey Organizations: REUTERS, Gold Council, Gold, Thomson Locations: Mendrisio, Switzerland, Central, Europe

Graphite is used in virtually all EV battery anodes, which is the negatively charged portion of a battery. Their announcement boosted China's exports in July as overseas buyers rushed to lock in supply, while the launch of the restrictions slashed exports in August-September. It also makes more than 90% of the final processed material for EV battery anodes. "We have been waiting for (China's) graphite exports to slow," said John Meyer at SP Angel. "Having overproduced synthetic graphite we reckon China is also keen to keep this material within China to meet rapid growth in EV battery demand."

Persons: Phil Noble, Tom Burkett, James Willoughby, Wood Mackenzie, Daisy Jennings, Gray, Willoughby, John Meyer, Polina Devitt, Amy Lv, Eric Onstad, Veronica Brown, Josie Kao Organizations: REUTERS, EV, Global Graphite Advisory, Companies, Benchmark Mineral Intelligence, SP, Thomson Locations: Manchester, Britain, BEIJING, China, Canada, Africa, Australia, Brazil, U.S, Wood, Japan, United States, South Korea, India

The plan could transform the global diamond supply chain, but implementation will depend heavily on India, whose diamond industry employs millions of people who cut and polish 90% of the world's diamonds. If it goes ahead as anticipated, it would split the global consumer diamond market. The EU bought 1.4 billion euros ($1.5 billion) worth of Russian diamonds last year, based on data from Eurostat, as the EU has not banned Russian gem imports nor blacklisted Alrosa. As of 2021, global rough diamond sales totalled $16.4 billion, while demand for polished diamonds was $28 billion, the De Beers report showed. "I think the G7 officials involved with this are taking it quite seriously and I believe they will strictly enforce it.

Persons: Belgium's, Alrosa, De Beers, Paul Zimnisky, Zimnisky, Julia Payne, Polina Devitt, Clara Denina, Shivangi Acharya, Rajendra Jadhav, Toby Chopra, David Holmes, Veronica Brown, Jane Merriman Organizations: EU, Eurostat, De Beers, De, Industry, Belgian, Jewellery Export, Thomson Locations: India, Antwerp, BRUSSELS, LONDON, Ukraine, Belgium, Brussels, Russia, United States, INDIA, AFRICA, Africa

The move in August by Russian companies to instead offer fertilisers at market prices could increase India's import costs and subsidy burden amid a rally in global prices, as a top exporter, China, tries to curtail overseas sales. "Russian companies are offering fertilisers at the market prices," the official said, declining to be named due to the sensitivity of the matter. Reuters Graphics"Russian companies were offering DAP at discounts of as high as $80 (per ton). DAP prices were around $440 per ton in July, he added. "The global fertiliser prices are rising just before crucial state elections in India.

Persons: Amit Dave, Rajendra Jadhav, Polina Devitt, Tony Munroe, David Evans Organizations: REUTERS, Rights, Reuters, United, Reuters Graphics, Thomson Locations: Ahmedabad, India, Rights MUMBAI, LONDON, China, New Delhi, Russia, Egypt, Jordan, United Arab Emirates, Russian, Mumbai

While there are no international sanctions on Russian metal, many consumers are shunning aluminium produced by Rusal (RUAL.MM), which accounts for 6% of global supplies. U.S. import tariffs on Russian aluminium and products are also prompting some consumers to "self-sanction". Some analysts estimate the discount for Russian aluminium at $100-$300 per metric ton, Norsk Hydro said. As LME aluminium prices are referenced in contracts between consumers, producers and traders, the dominance of Russian aluminium in the system is a problem, said Norsk Hydro's Chief Financial Officer Paal Kildemo. "There is still a risk that even more Russian aluminium will be delivered to LME further weighing on the reference price...

Persons: Paal Kildemo, Kildemo, Rusal, Pratima Desai, Polina Devitt, Eric Onstad, Veronica Brown, Jason Neely Organizations: London Metal Exchange, Norsk Hydro, Reuters, Britain's Financial, Authority, Norsk, Shanghai Futures Exchange, CME, Hydro, FCA, Thomson Locations: Norwegian

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