December 22, 2023

Kloeckner to divest business in four European countries

German metal trader Kloeckner plans to sell off parts of its European commodity distribution business to Spain's Hierros Anon.

December 21, 2023

Norsk Hydro takes $571 million hit in weak alumina market

Hydro completed the sale of a 30% stake in Alunorte to Glencore Plc earlier this month.

December 21, 2023

UK fraud watchdog must pay damages to ENRC, court rules

ENRC has always denied any wrongdoing and argued the UK's Serious Fraud Office would not have launched its investigation if it had not first induced the company's former lawyer to…

December 21, 2023

Agnico Eagle invests in Finland-focused FireFox Gold

The $1.4 million private placement gives Agnico a 10.9% holding in FireFox.

December 20, 2023

India urges G7 to delay ban on Russian diamonds as rules lack clarity

Home to 90% of the world's diamond cutting and polishing industry, India is critical to the implementation of the ban.

December 20, 2023

Aurubis CEO says he expects strong copper market to continue in 2024

Aurubis on Wednesday confirmed a sharp 34% fall in annual earnings after a major metal theft.

December 19, 2023

Column: Funds less negative on copper as supply landscape shifts

Money managers are now marginally net long of copper on both the London Metal Exchange (LME) and CME contracts.

December 19, 2023

EU, US extend steel tariff detente until end-March 2025

The US quota system allows up to 3.3 million metric tons of EU steel and 384,000 tons of aluminum into the United States tariff-free.

December 19, 2023

Russia says it will have no trouble skirting latest EU sanctions

The new sanctions package bans the import of Russian-origin non-industrial diamonds.

December 18, 2023

Russia considering waiving export duties for two Rusal smelters

Russia imposed export duties linked to the rouble-dollar exchange rate until the end of 2024 on a wide range of goods.