Nickel market eyes fate of Siberian metal as sanctions bite
Norilsk makes 17% of the world’s “Class 1” nickel, which is more suitable for batteries and can be sourced in large quantities from only a few other locations.
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Coal benchmark jumps 46% as Ukraine war stokes supply fears
Futures for high-quality thermal coal loaded on ships at Newcastle port in Australia jumped to $446/t Wednesday.
Kinross Gold to suspend Russian operations
The company said in a statement it is suspending all activities at its Udinsk development project.
Stanmore Resources to raise $506 million for BHP Mitsui Coal stake buy
Stanmore, which signed the deal with BHP in November to buy the stake for $1.35 billion, said it would issue about 631 million shares.
Austria’s Brixlegg launches low-carbon copper, seeks premium
Brixlegg copper has very low emissions because it is made using recycled metal as feedstock and hydropower for energy, the firm said.
Ukraine stays resilient, says Black Iron CEO as firm’s main shareholder increases stake
The Shymanivske project is 330 km southeast of Kiev and lies in the heart of central Ukraine’s KrivBass iron ore mining district.
Copper, nickel prices spike as Europe scrambles for metal
Copper price hits 19-week high and nickel scales $25,000 for the first time since 2011 as European traders are forced to look as far afield as Malaysia for deliverable metal.
Russian miners get kicked out of FTSE 100 index after selloff
Steel company Evraz Plc and gold miner Polymetal International will be removed from the blue-chip index as of March 21.
China moves to secure commodities rocked by Ukraine war
Government agencies have been ordered to push state-owned buyers to scour markets for materials including oil and gas, iron ore, barley and corn to fill any potential gaps.
