November 18, 2022

Russia’s mining giants rush to sell metal after LME green light

The decision not to ban Russian metal from LME warehouses has triggered a rush to conclude contracts with the country’s two big producers.

November 18, 2022

Eramet’s New Caledonia nickel business seeks help with new cash crunch

SLN has for years tried to improve profitability which has been hit by social unrest and energy supply issues in the French Pacific territory.

November 18, 2022

Massive emerald cluster sets new record at Gemfields auction

The Kafubu Cluster, found at the Kagem mine in Zambia in 2020, became the most expensive single emerald item ever sold by Gemfields.

November 17, 2022

Andrew Forrest commits $500 million for Ukrainian reconstruction fund

The Ukraine Green Growth Initiative will focus on building out infrastructure projects in energy and communications, including a green energy grid.

November 17, 2022

LME raises initial margins on nickel by 28% after volatility

A notice released on Wednesday said the initial margin for nickel would climb to $6,100 a tonne effective after close of business on Friday.

November 17, 2022

Volkswagen delays key EV project as Tesla challenge stumbles

Volkswagen AG’s ambitious push to supplant Tesla Inc. as the global electric-vehicle leader is running into trouble.

November 17, 2022

Rusal calls for LME to disclose origin of all metal stocks

The LME said last week it will not ban Russian metal from being traded and stored in its system.

November 17, 2022

Lucara extends sales deal with HB by 10 years

It allows Lucara sell its +10.8 carat diamond production from Karowe mine, which account for 60% to 70% of its revenue.

November 16, 2022

LME steps up scrutiny of nickel trading as prices swing wildly

Nickel plunged by more than more than 10% in London, rapidly eroding a sharp weekly gain.

November 16, 2022

Copper price falls on rising geopolitical risks

Global markets were rattled after NATO member Poland said that a Russian-made rocket killed two people in eastern Poland near Ukraine.