Russian metal makes up 42% of LME warehouses’ stocks – report

The move by the largest diamond retailer in the industry’s most important market will create difficulties through the entire global supply chain.

Nickel fell by the maximum allowed for a second day as the market seeks to reset from last week’s historic short squeeze.

You can tell the London Metal Exchange is new to price limits, writes Andy Home.

The joint project would produce black mass, a metal concentrate containing nickel, cobalt, manganese, lithium and graphite that is suitable for hydrometallurgical refining.

Other carmaker members of IRMA include General Motors and Ford.

Severstal’s interest payment is due to holders of $800 million in so-called loan participation notes that mature in 2024.

The government has asked steel, nickel and aluminum producers to maintain low prices at home.

The European Federation of Energy Traders is petitioning for “emergency funding mechanisms” in order to prevent some traders from experiencing liquidity problems.

Benchmark 10-year US treasury yields are approaching the highest in almost three years, placing further pressure on bullion.