Russia and Central Asia Top Stories

LME takes aim at traders’ Russian metal games with new rules

New measures designed to undercut the economic rationale for withdrawing Russian metal already on the LME and selling it back on the exchange under a less-desirable category.

Bloomberg News | April 23, 2024 | 2:49 pm

Airbus wins reprieve from Canadian sanctions on Russian titanium

Canada has granted Airbus a waiver to allow it to…

Reuters | April 23, 2024 | 12:43 pm

Flooding in Russia raises concerns of radioactive contamination in Tobol River

Rosatom has previously claimed that uranium deposits are fully isolated…

Staff Writer | April 23, 2024 | 10:30 am

China loses appetite for Russian coal as import costs rise

Russian exports plunged 22% in the first quarter after Beijing…

Bloomberg News | April 23, 2024 | 7:20 am

Nornickel cuts nickel production by 10% y/y in Q1

The company confirmed its 2024 production forecast, expecting nickel production…

Reuters | April 22, 2024 | 6:03 am

Arras Minerals joins forces with Teck to explore critical minerals in Kazakhstan

Teck made its first investment into Arras last November by acquiring a 9.9% stake.

Staff Writer | December 7, 2023 | 9:35 am

Russian uranium import ban teed up for US House floor vote

Russia supplied almost a quarter of the enriched uranium used to fuel America's fleet of over 90 commercial reactors last year.

Bloomberg News | December 7, 2023 | 7:06 am

G7 to ban Russian diamonds, announce measures on price cap, assets

The group is expected to announce a direct ban as of Jan. 1.

Reuters | December 6, 2023 | 7:39 am

EV boom drives miner’s $100 million hunt for new palladium uses

Nornickel will invest the money through 2030 at its research and development center that works on new products.

Bloomberg News | December 5, 2023 | 10:11 am

Nornickel raises forecasts for global nickel surplus, palladium deficit in 2023

The company expects a global nickel surplus of more than 250,000 metric tons this year, up from previous estimates of 200,000 tons.

Reuters | December 4, 2023 | 10:06 am

Ex-FBI leader advises Fenix mine in Guatemala after US drops sanctions

Louis Freeh, who ran the bureau from 1993 to mid-2001, is leading Alix Partners in advising Swiss company Solway on revamping governance at the Fenix complex.

Colin McClelland | December 4, 2023 | 10:00 am

Nornickel to pay $18m to drop its stake in nickel JV in South Africa

Nickel prices in London are heading for a 46% fall this year, the largest slump since the financial crisis in 2008.

Reuters | November 24, 2023 | 10:59 am

Uranium sector ‘scrambling’ to fill supply gap

The price of uranium will hit triple-digits for the first time since 2007 as nations weaning off oil and seeking energy security deplete nuclear fuel supplies, says investment fund.

Colin McClelland | November 23, 2023 | 4:30 pm

Russian gold miner Uzhuralzoloto raises $78 million in Moscow IPO

Russia's fourth-largest gold miner has shrugged off British sanctions on its owner, Konstantin Strukov, to push ahead with the listing.

Reuters | November 22, 2023 | 10:31 am

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