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

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 16, 2024

Russia may abolish export duty on gold

Russia was in 2022 ranked as the world's second biggest gold miner, after China.

April 15, 2024

Barrick under pressure in Mali as regime eyes control of Loulo-Gounkoto

After seizing power in a coup in 2021 and forming an alliance with Russian troops, the Mali junta has been focusing on the mining industry.

April 15, 2024

Russian court orders Glencore to pay shares worth 114.8m euros in Sberbank lawsuit

It is a second lawsuit Sberbank has filed in Russia against Glencore over unpaid fuel supplies.

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

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

Rusal says new Western sanctions won’t hurt its aluminum supply

Goldman Sachs also said it did not expect an immediate supply shock.

April 14, 2024

CME bans Russian-origin aluminum after US, UK impose new sanctions

CME Group has suspended from its platform aluminium produced in Russia from April 13

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.