April 15, 2024

New metals sanctions push Russia further into China’s embrace

The sanctions now leave the Shanghai Futures Exchange as the only major commodities bourse in the world to accept Russian shipments.

April 15, 2024

OceanaGold gets initial approval for Philippine unit’s IPO

Proceeds from the offering, as OceanaGold had disclosed, will be applied towards debt repayment.

April 15, 2024

Iron ore climbs to multi-week high on lower shipments, hopes of China stimulus

Iron ore shipments from top suppliers Australia and Brazil tumbled by 28.8% week-on-week.

April 15, 2024

Rusal says new Western sanctions won’t hurt its aluminum supply

Goldman Sachs also said it did not expect an immediate supply shock.

April 14, 2024

CME bans Russian-origin aluminum after US, UK impose new sanctions

CME Group has suspended from its platform aluminium produced in Russia from April 13

April 14, 2024

Gold prices at a record high are keeping pawn shops busy

Record prices pushing toward $2,500 an ounce are proving hard to resist.

April 13, 2024

LME bans Russian-origin metal after UK, US impose new sanctions

The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13.

April 12, 2024

US, UK take action targeting Russian aluminum, copper and nickel

A UK official said London expected any market disruption to stabilize quickly.

April 12, 2024

An eye-watering squeeze in copper ore is firing up the bulls

An index of deals compiled by CRU shows the discount for copper ore – known as treatment and refining charges – has fallen to a record low in data going…

April 12, 2024

US Steel shareholders approve Nippon Steel’s $14.1 billion takeover offer

Beyond politics, the takeover must still pass a review by the Committee on Foreign Investment in the United States.