Glencore acts to profit from LME post-sanction rule change Glencore aims to take thousands of metric tons of Russian aluminum from the LME and return it at a later date to profit from rule changes. Reuters | April 18, 2024 | 6:52 am
Biden calls for tripling of tariffs on Chinese steel The Biden administration is also pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there. Reuters | April 17, 2024 | 8:34 am
Traders are already gaming the new Russian metal sanctions The opportunity lies in massive piles of Russian metal already sitting in the LME global warehouse network. Bloomberg News | April 17, 2024 | 6:06 am
Shares in two Australian miners surge on government loans The Australian government will provide a combined A$585 million to Alpha HPA and Renascor Resources. Bloomberg News | April 16, 2024 | 11:16 pm
Verde Magnesium granted mining rights in Romania Backed by US private equity investor Amerocap, Verde aims to break Europe's reliance on Chinese imports of magnesium metal. Staff Writer | April 16, 2024 | 5:23 am
Metals whipsawed as sanctions on new Russian supplies rattle LME Aluminum jumped as much as 9.4% as the market opened, the most since the current form of the contract was launched in 1987. Bloomberg News | April 15, 2024 | 8:11 am
New metals sanctions push Russia further into China’s embrace The sanctions now leave the Shanghai Futures Exchange as the only major commodities bourse in the world to accept Russian shipments. Bloomberg News | April 15, 2024 | 7:01 am
Rusal says new Western sanctions won’t hurt its aluminum supply Goldman Sachs also said it did not expect an immediate supply shock. Reuters | April 15, 2024 | 3:07 am
CME bans Russian-origin aluminum after US, UK impose new sanctions CME Group has suspended from its platform aluminium produced in Russia from April 13 Reuters | April 14, 2024 | 12:58 pm
