April 24, 2024 World’s biggest energy traders are returning to metals markets Vitol, Gunvor and Mercuria Energy are among the traders building out their metals teams, as they look to deploy capital generated by record profits.
April 23, 2024 LME takes aim at traders’ Russian metal games with new rules New measures designed to undercut the economic rationale for withdrawing Russian metal already on the LME and selling it back on the exchange under a less-desirable category.
April 23, 2024 Airbus wins reprieve from Canadian sanctions on Russian titanium Canada has granted Airbus a waiver to allow it to use Russian titanium in its manufacturing after becoming the first Western government to ban supplies of the strategic metal.
April 23, 2024 Flooding in Russia raises concerns of radioactive contamination in Tobol River Rosatom has previously claimed that uranium deposits are fully isolated from the Tobol River by natural barriers.
April 23, 2024 China loses appetite for Russian coal as import costs rise Russian exports plunged 22% in the first quarter after Beijing imposed a tax regime that favors some of Russia’s rivals.
April 22, 2024 Nornickel cuts nickel production by 10% y/y in Q1 The company confirmed its 2024 production forecast, expecting nickel production to fall to 184,00-194,000 tons.
April 22, 2024 Nornickel moves closer to biggest buyer with plan for copper plant in China The Russian firm will close its Arctic copper plant and build one in China with an unnamed partner.
April 19, 2024 Glencore and Trafigura’s sanctions games are draining the LME The world’s two biggest metals traders plan to withdraw the metal to profit from a new multi-tiered system created by the sanctions.
April 17, 2024 Russia and China trade new copper disguised as scrap to skirt taxes, sanctions Russian RCC and Chinese firms have avoided taxes and skirted the impact of sanctions by trading in new copper wire rod disguised as scrap.
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.
Iron ore price nears best close since November on year-end metal rally The steelmaking ingredient advanced for a third straight session in Singapore, climbing nearly 1.8% to as much as $106.55 a ton in intraday trading. December 29, 2025 | 07:51 am
