January 31, 2024

Gold demand to hit record with central bank buying, WGC says

Overall consumption climbed by about 3% to 4,899 tons last year, supported by strong demand in the OTC market, the World Gold Council says.

January 31, 2024

Swiss ban Russian diamond imports, joining latest EU sanctions

Bern has agreed to adopt the 12th round of sanctions implemented by the EU in December.

January 31, 2024

Metals sanctions are dividing the biggest traders and banks

The latest UK sanctions on Russia are creating new fault lines across the global metals world.

January 31, 2024

Russian oligarch Potanin wins divorce claim appeal, case continues

A claim by Potanin's ex-wife to a share of his stake in Nornickel can continue in court, despite the businessman winning an appeal.

January 31, 2024

Polymetal CEO says new shareholder will expedite Russian asset sale

Russian and Chinese companies were among interested buyers.

January 29, 2024

Russian tycoon’s investment group sells Polymetal stake to Omani-owned consortium

Polymetal International is seeking to sell its Russian assets, which were sanctioned by the US in 2023.

January 29, 2024

Nornickel forecasts further nickel, palladium output drop this year

The miner said it was hit by adverse geopolitical risks and postponed furnace repairs, following a drop in production in 2023.

January 27, 2024

Chinese engineers are keeping Russia’s metal furnaces firing

A $840-million coking plant in the steel town of Magnitogorsk is being built by a Chinese engineering giant and hundreds of Chinese workers.

January 23, 2024

Aluminum price jumps after report EU may sanction Russian metal

Prices rose as much as 3.6% on the London Metal Exchange.

January 21, 2024

Global inventory of world’s mines needed – researchers

Researchers say that about half of the world's mining impacts remain undocumented.