Mitsubishi has hired Branko Buhavac, formerly at Trafigura Group, as head trader for base metals in Europe.

The ban reflects Prime Minister Fumio Kishida's resolve to impose further sanctions against the country, pledged at last week's G7 meeting.

The deal comes at a time of surging raw materials prices, exacerbated by the invasion of Ukraine by Russia.

There was strong demand, but customers also wanted to show solidarity with Ukraine, CEO said.

Only operating commercial rare earth separations and rare metal processing plant in the EU received a Gold Medal by EcoVadis.

Rusal owns a 20% stake in Queensland Alumina, which is operated by Rio Tinto.

Polymetal, which has a free float of 75.2%, is not subject to any Western sanctions imposed on Russia.

The study will be based on an inferred mineral resource estimated at 1.04 million oz. of gold-equivalent.