Nornickel board proposes no dividend for 2023 results

Backed by US private equity investor Amerocap, Verde aims to break Europe's reliance on Chinese imports of magnesium metal.

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

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.

A UK official said London expected any market disruption to stabilize quickly.

The investment will go to two bauxite exploration projects and five refining projects in the Central Highlands province.

The Council on Ethics has told Rio that it is assessing the company for environmental damage from its operations in the Brazilian Amazon.