Rusal shares soar, aluminium falls as U.S. lifts sanctions

The company made it onto a shortlist for buying a copper mine in Botswana last year, but was ultimately outbid by MMG.

Nornickel expects a further decline in its nickel and palladium output this year, due to geopolitical risks and postponed furnace repairs.

The Jersey-based company’s initial public offering on the ASX was oversubscribed by about A$25 million.

New Gold aims to produce 410,000 to 460,000 ounces in 2026 by boosting output at current mines and completing growth projects.

Macquarie says January's full set of PMIs looks like a potential turning point for the global industrial cycle.

The processing plant in Ontario is expected to begin production in 2027 and process 80,000 tonnes of nickel annually.

The company left its 2024 copper output guidance at 730,000-790,000 tons.

Proceeds will go towards the Mantoverde optimized project and Santo Domingo detailed engineering.

Activists allege that the LME allowed sales on its platform of copper produced at the Grasberg mine, which they claim is polluting local rivers.