Copper, nickel prices spike as Europe scrambles for metal

Copper price hits 19-week high and nickel scales $25,000 for the first time since 2011 as European traders are forced to look as far afield as Malaysia for deliverable metal.

MINING.COM Staff Writer | March 2, 2022 | 11:49 am

Russian miners get kicked out of FTSE 100 index after selloff

Steel company Evraz Plc and gold miner Polymetal International will be removed from the blue-chip index as of March 21.

Bloomberg News | March 2, 2022 | 11:15 am

China moves to secure commodities rocked by Ukraine war

Government agencies have been ordered to push state-owned buyers to scour markets for materials including oil and gas, iron ore, barley and corn to fill any potential gaps.

Bloomberg News | March 2, 2022 | 10:15 am

US official says South Africa aid aimed at coal plants not EVs

State-power utility Eskom had initiated the talks last year in a bid to raise money to help reduce its reliance on the coal.

Bloomberg News | March 2, 2022 | 10:08 am

Gold price falls over 1% as uptick in risk sentiment drives down havens

Bullion is coming off its best monthly performance since May 2021.

MINING.COM Staff Writer | March 2, 2022 | 9:41 am

Exxon to exit Russia, leaving $4 billion in assets

Exxon did not provide a timetable for its exit.

Reuters | March 2, 2022 | 8:56 am

Canadian Palladium nearly triples East Bull resource estimate

The updated resource estimate is the culmination of a 20,000m drilling program that substantially increased the size of the East Bull deposit.

Canadian Mining Journal Staff | March 2, 2022 | 8:28 am

Aluminum price streaks to record on fears logistics issues will hit supply

Aluminum prices bolted to a fresh record peak on Wednesday as investors worried that logistics difficulties would block metals supplies due to tough sanctions on major producer Russia.

Reuters | March 2, 2022 | 8:22 am

China shunning Russian coal with banks nervous over sanctions

At least two of China’s largest state-owned banks are limiting financing for Russian commodities.

Bloomberg News | March 2, 2022 | 8:14 am

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