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
Global mining investment too low to support energy transition, Rio Tinto chairman says The amount of metals required for each kilowatt of generation capacity has risen by 50% since 2010, according to the IEA. Reuters | April 15, 2024 | 7:43 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
OceanaGold gets initial approval for Philippine unit’s IPO Proceeds from the offering, as OceanaGold had disclosed, will be applied towards debt repayment. Staff Writer | April 15, 2024 | 6:41 am
Copper output at Codelco set to rise this year, CESCO says Codelco is aiming to produce between 1.325 million and 1.390 million metric tons of copper this year. Reuters | April 15, 2024 | 5:40 am
Codelco can do more if given a better partner for the Atacama salt flat Codelco, Chile's top copper producer, has entered the lithium business mandated by the country's national lithium strategy, unveiled in 2023. José Cabello | April 15, 2024 | 5:06 am
LME bans Russian-origin metal after UK, US impose new sanctions The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13. Reuters | April 13, 2024 | 11:59 am
US, UK take action targeting Russian aluminum, copper and nickel A UK official said London expected any market disruption to stabilize quickly. Reuters | April 12, 2024 | 2:28 pm
An eye-watering squeeze in copper ore is firing up the bulls An index of deals compiled by CRU shows the discount for copper ore – known as treatment and refining charges – has fallen to a record low in data going back to 1989. Bloomberg News | April 12, 2024 | 12:05 pm
