Nornickel said last week that the spin-off of the Bystrinsky mine near the Russia-China border would happen within two years subject to regulatory and other approvals.
It is ironic that aluminum, a metal so central to the green revolution, risks not being able to grow sufficiently because of the pressure to decarbonise.
In 2019, First Cobalt entered into a loan agreement with the miner and commodity trader to fund engineering studies, metallurgical testwork and permitting activities.
The United Arab Emirates is strengthening its defences against financial crime, including new restrictions on the movement of cash and precious metals.
China’s biggest copper smelters have decided to not set a floor price for second-quarter treatment and refining charges (TC/RCs) for the second straight year.