January 31, 2024

Metals sanctions are dividing the biggest traders and banks

The latest UK sanctions on Russia are creating new fault lines across the global metals world.

January 31, 2024

Activists, Hollywood take down top 50 mining company

The ranks of the most valuable mining companies in the world were throughly scrambled in 2023 as governments intervened, lithium and nickel prices tumbled, gold hit records and a new…

January 30, 2024

LME targets Hong Kong as option for warehouse expansion

Chinese rules and regulations alongside resistance from competitor Shanghai Futures Exchange have frustrated LME's attempts to expand its network to China.

January 25, 2024

Vedanta beats Q3 profit view on production, sales uptick

Grappling with falling metal prices, the company has reported profit falls since the first quarter of 2022.

January 23, 2024

Aluminum price jumps after report EU may sanction Russian metal

Prices rose as much as 3.6% on the London Metal Exchange.

January 23, 2024

Rio Tinto taps Australia’s largest solar farm to power aluminum assets

Once developed and approved, the Upper Calliope solar farm will have the potential to cut down Rio's operating carbon emissions by 1.8 million tonnes per year.

January 15, 2024

LME CEO aims to have first contracts with Shanghai futures exchange in 2024

The specific contacts to be launched with ShFE were still under discussion.

January 10, 2024

Share of Russian aluminum in LME warehouses rises to 90% after UK curbs

The rise follows a restriction imposed by Britain on entities and individuals taking physical delivery of Russian-made base metals.

January 10, 2024

Saudi Arabia earmarks $182 million for minerals exploration in mining push

The Gulf state has revised upwards estimates for its untapped mineral resources to $2.5 trillion.

January 9, 2024

Saudi Arabia ups mineral resource estimates to $2.5 trillion

About 10% of the increase in estimate comes from the addition of rare earths minerals.