August 2, 2023

Nornickel makes Asia pivot as metals price drop hits H1 profits

Net profit dropped from $5.1 billion to $1.1 billion in the first six months of the year.

July 31, 2023

One big gold seller among central banks has even more to offload

Kazakhstan’s central bank is looking to cut the metal’s share to as low as half of its $34.5 billion reserves.

July 28, 2023

Column: LME’s Russian aluminum dilemma set to become more acute

The London Metal Exchange is coming under renewed pressure to exclude Russian aluminum from its warehouse system.

July 26, 2023

Polyus closes books on $6.4bn share buyback early

A Polyus representative said a large shareholder had submitted a bid to sell part of its stake and that a large number of retail investors had participated.

July 24, 2023

Non-Western supplies start replacing Nornickel’s old mining equipment

For 2023, the company is on track to reach its 2023 production forecast.

July 21, 2023

Hydro says Russian metal threatens LME benchmark, Rusal hits back

While there are no sanctions on Russian metal, consumers are ignoring aluminium produced by Rusal, which accounts for 6% of global supplies.

July 20, 2023

US imposes sanctions on Russian copper producer UMMC

As of 2020, it was producing around 40% of Russian copper.

July 20, 2023

Orea amends deal with Nordgold regarding stake in French Guiana project

In August 2022, Orea announced that it would be buying out Nordgold's majority stake in the 5-million-ounce project for C$100 million.

July 14, 2023

Trade body considers calling for EU ban on Russian aluminum, but not Rusal

The EU has so far restricted imports of only a limited number of specific aluminum products from Russia.

July 11, 2023

Countries repatriating gold in wake of sanctions against Russia, study finds

An Invesco survey showed a "substantial share" of central banks were concerned by the precedent that had been set.