The company considers selling its Brazilian nickel mine amidst low prices and supply surplus from Indonesia.

The sanctions now leave the Shanghai Futures Exchange as the only major commodities bourse in the world to accept Russian shipments.

Proceeds from the offering, as OceanaGold had disclosed, will be applied towards debt repayment.

Codelco is aiming to produce between 1.325 million and 1.390 million metric tons of copper this year.

Codelco, Chile's top copper producer, has entered the lithium business mandated by the country's national lithium strategy, unveiled in 2023.

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

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

The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13.