LME faces fresh worries about Russian metal after UK sanctions

Glencore Plc is willing to walk away from a $16 billion deal to buy aluminum from Russia’s No. 1 producer.

Net profit declined 32% to $1.6 billion on the back of a 14% fall in revenue to $4.3 billion.

Iran is the first in the Middle East to announce a lithium discovery, estimated at 8.5 million tons LCE.

Mining magnate Vladislav Sviblov is weighing a purchase of some of the Russian assets of Polymetal.

Countries will restore diplomatic ties, easing a geopolitical rivalry in the Persian Gulf that has unnerved oil markets.  

The US said on Friday it would impose a 200% tariff on aluminum and derivatives produced in Russia from March 10.

Seabridge Gold's KSM project in British Columbia's Golden Triangle takes top spot.

Trafigura Group is in talks to buy aluminum from United Co. Rusal International.

Dozens of Russians working for a mining company in Sudan are being probed by authorities on suspicion of gold-smuggling.