Eramet's full-year EBITDA reached 1.051 billion euros, more than double a restated figure of 516 million euros for 2020.

Palladium also extended gains amid fears of supply concerns from Russia, the top producer.

MINING.COM’s EV Metal Index hit a new all-time monthly high as electric vehicle sales lift off and lithium, nickel and cobalt prices continue to rise.

BofA sees long-term copper supply challenged amid a lack of development.

Nickel rose to $25,000 a tonne for the first time since 2011.

While the timing of a sale remains in flux, the IPO could happen in the second half of this year.

The planned deal is based on an enterprise value of $107.34 million.

Earlier, bullion fell as much as 0.6% after statements from Washington and the Elysee that both the US and Russia had agreed to a summit to resolve the military crisis.