Traders in CO2 credits saddled with vast stranded-asset pile

The tie-up comes as CME expands its metals business and the LME faces dissatisfaction from some traders after turmoil in its nickel contract in March.

The new US sanctions expand a previously signed Trump-era executive order to include specific potential restrictions on trade and investment involving Nicaragua, with a particular reference to the gold industry.

Base metals prices have eased considerably in 2022, as demand has weakened while the dollar has strengthened.

ISS on Monday had recommended Turquoise Hill shareholders to vote "against" the deal, joining the Canadian miner's second-largest shareholder Pentwater Capital Management.

The second-largest US steelmaker said Tuesday that it is being hit by higher input costs and maintenance activities, which led to adjusted earnings before items of $436 million in the third quarter, about 50% below analyst estimates.

With recession looming, however, some business groups say bans on Russian aluminum would decimate European industry.

The lack of lower-content nickel trading on the LME was a factor that helped fuel a wild spike in LME nickel prices in March.

Uninspiring economic data and a sliding Chinese yuan added to the bearish mood.

The proposed expansion would expand the mill's nameplate capacity to 2,700 t/d from 700 t/d, thus quadrupling Zgounder's silver production.