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

US utilities push White House not to sanction Russian uranium

The United States relies on Russia and its allies Kazakhstan and Uzbekistan for roughly half of the uranium powering its nuclear plants.

Reuters | March 2, 2022 | 8:07 am

Severstal suspends exports to EU

Severstal usually exports 40% of its annual production, of which 3 million tonnes go to Europe.

Reuters | March 2, 2022 | 8:00 am

Nutrien sees long-lasting disruption to fertilizer market from Russian invasion

Russia’s invasion of Ukraine could result in prolonged disruptions to the global supply of potash and nitrogen crop nutrients.

Cecilia Jamasmie | March 2, 2022 | 6:21 am

Iron ore price rises on Russia-Ukraine supply risks

Russia accounts for an estimated 10% of global steel trade.

MINING.COM Staff Writer | March 1, 2022 | 8:29 pm

‘Uncertainties’ for Kinross Gold’s Russian operations amidst conflict — BMO

International sanctions limit the ability of Russian domestic banks to purchase Kinross’s produced gold.

Naimul Karim | March 1, 2022 | 1:21 pm

Glencore reviewing stakes in two Russian companies

Glencore currently owns a 10.55% stake in En+ Group, the controlling shareholder of aluminum giant United Co.

Bloomberg News | March 1, 2022 | 1:12 pm

EXPLAINER – The importance of Russian titanium to global industry

The potential for disruptions to Russian commodity supplies has thrown a spotlight on the metal used in the aerospace, marine and auto industries.

Reuters | March 1, 2022 | 9:00 am

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