LME approves listing of first Indonesian nickel brand

Nornickel intends to remain a "reliable supplier of products" and will continue to fulfil all its contractual obligations, said the company.

China’s Copper Smelter Purchase Team appears to be making good on promises of cutbacks with end-March inactivity at refiners jumping to 12.8% compared to 4.1% a year ago. 

Aurous is also looking for mergers and acquisitions opportunities in South Africa, and the continent.

The company also did not rule out the possibility of acquisitions, as long as they are in the Americas.

Bullion has risen as much as 1.7% Monday as the conflict in the Middle East entered a dangerous new phase.

Aluminum jumped as much as 9.4% as the market opened, the most since the current form of the contract was launched in 1987.

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.