March 2, 2022

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.

March 2, 2022

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.

March 2, 2022

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.

March 2, 2022

Gold price falls over 1% as uptick in risk sentiment drives down havens

Bullion is coming off its best monthly performance since May 2021.

March 2, 2022

Exxon to exit Russia, leaving $4 billion in assets

Exxon did not provide a timetable for its exit.

March 2, 2022

Aluminum price streaks to record on fears logistics issues will hit supply

Aluminum prices bolted to a fresh record peak on Wednesday as investors worried that logistics difficulties would block metals supplies due to tough sanctions on major producer Russia.

March 2, 2022

China shunning Russian coal with banks nervous over sanctions

At least two of China’s largest state-owned banks are limiting financing for Russian commodities.

March 2, 2022

US utilities push White House not to sanction Russian uranium

The United States relies on Russia and its allies Kazakhstan and Uzbekistan for roughly half of the uranium powering its nuclear plants.

March 2, 2022

Severstal suspends exports to EU

Severstal usually exports 40% of its annual production, of which 3 million tonnes go to Europe.

March 2, 2022

Nutrien sees long-lasting disruption to fertilizer market from Russian invasion

Russia’s invasion of Ukraine could result in prolonged disruptions to the global supply of potash and nitrogen crop nutrients.