Glencore and Trafigura’s sanctions games are draining the LMEThe world’s two biggest metals traders plan to withdraw the metal to profit from a new multi-tiered system created by the sanctions.Bloomberg News | April 19, 2024 | 1:42 pm
Russia and China trade new copper disguised as scrap to skirt taxes, sanctionsRussian RCC and Chinese firms have avoided taxes and skirted…Reuters | April 17, 2024 | 8:25 am
Nornickel says new Western sanctions raise risk of metals market disruptionNornickel intends to remain a "reliable supplier of products" and…Reuters | April 16, 2024 | 5:40 am
Swiss ban Russian diamond imports, joining latest EU sanctions Bern has agreed to adopt the 12th round of sanctions implemented by the EU in December. Reuters | January 31, 2024 | 9:51 am
Metals sanctions are dividing the biggest traders and banks The latest UK sanctions on Russia are creating new fault lines across the global metals world. Bloomberg News | January 31, 2024 | 8:37 am
Russian oligarch Potanin wins divorce claim appeal, case continues A claim by Potanin's ex-wife to a share of his stake in Nornickel can continue in court, despite the businessman winning an appeal. Reuters | January 31, 2024 | 8:21 am
Polymetal CEO says new shareholder will expedite Russian asset sale Russian and Chinese companies were among interested buyers. Reuters | January 31, 2024 | 8:15 am
Russian tycoon’s investment group sells Polymetal stake to Omani-owned consortium Polymetal International is seeking to sell its Russian assets, which were sanctioned by the US in 2023. Reuters | January 29, 2024 | 7:07 am
Nornickel forecasts further nickel, palladium output drop this year The miner said it was hit by adverse geopolitical risks and postponed furnace repairs, following a drop in production in 2023. Reuters | January 29, 2024 | 7:02 am
Chinese engineers are keeping Russia’s metal furnaces firing A $840-million coking plant in the steel town of Magnitogorsk is being built by a Chinese engineering giant and hundreds of Chinese workers. Bloomberg News | January 27, 2024 | 6:16 pm
Aluminum price jumps after report EU may sanction Russian metal Prices rose as much as 3.6% on the London Metal Exchange. Bloomberg News | January 23, 2024 | 3:14 pm
Global inventory of world’s mines needed – researchers Researchers say that about half of the world's mining impacts remain undocumented. Staff Writer | January 21, 2024 | 8:34 am