April 19, 2024

Glencore and Trafigura’s sanctions games are draining the LME

The world’s two biggest metals traders plan to withdraw the metal to profit from a new multi-tiered system created by the sanctions.

April 18, 2024

Glencore acts to profit from LME post-sanction rule change

Glencore aims to take thousands of metric tons of Russian aluminum from the LME and return it at a later date to profit from rule changes.

April 17, 2024

Biden calls for tripling of tariffs on Chinese steel

The Biden administration is also pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there.

April 17, 2024

Traders are already gaming the new Russian metal sanctions

The opportunity lies in massive piles of Russian metal already sitting in the LME global warehouse network.

April 16, 2024

Shares in two Australian miners surge on government loans

The Australian government will provide a combined A$585 million to Alpha HPA and Renascor Resources.

April 16, 2024

Verde Magnesium granted mining rights in Romania

Backed by US private equity investor Amerocap, Verde aims to break Europe's reliance on Chinese imports of magnesium metal.

April 15, 2024

Metals whipsawed as sanctions on new Russian supplies rattle LME

Aluminum jumped as much as 9.4% as the market opened, the most since the current form of the contract was launched in 1987.

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

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