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

Vale’s iron ore output up 6% in first quarter, sales jump

Vale's iron ore output in the first three months of the year totaled 70.84 million metric tons.

April 16, 2024

Aston Minerals ups nickel resource estimate at Boomerang in Ontario

Contained metals are estimated to be 7.4 billion lb. nickel and 297,624 lb. cobalt, representing a 21.6% increase in nickel metal tonnes.

April 16, 2024

Nornickel says new Western sanctions raise risk of metals market disruption

Nornickel intends to remain a "reliable supplier of products" and will continue to fulfil all its contractual obligations, said the company.

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

Horizonte Minerals fails to secure financing, considering mine sale

The company considers selling its Brazilian nickel mine amidst low prices and supply surplus from Indonesia.

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

Vale operations in Brazil now 100% renewable energy-powered

The world's top iron ore and nickel miner said that 100% of the electricity used in its local operations last year came from green sources.

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.