Nornickel’s 2023 profit slumps 51% on falling metal pricesNornickel expects a further decline in its nickel and palladium output this year, due to geopolitical risks and postponed furnace repairs.Reuters | February 9, 2024 | 7:54 am
Some Russian banks may have swapped gold for dollars, report saysRussia has faced a shortage of dollars and euros as…Bloomberg News | February 7, 2024 | 8:51 am
Putin signs decree allowing transactions with Russneft sharesGlencore previously owned around 24% of Russneft's share capital.Reuters | February 3, 2024 | 12:31 pm
Nornickel board recommends no dividend for first time in 14 years Increased geopolitical risks have impacted the company's financial results and created new challenges for its operational and sales activities, the company said. Reuters | April 28, 2023 | 10:26 am
Russian billionaires see wealth rise to over half a trillion dollars Vladimir Potanin, president and biggest shareholder of Nornickel, was ranked as the second richest in Russia. Reuters | April 22, 2023 | 8:09 pm
Alcoa CEO warns Russian aluminum will overwhelm LME warehouses Roy Harvey said aluminum from Russia now accounts for 53% of the total stockpiles in global LME warehouses. Bloomberg News | April 20, 2023 | 9:55 am
G-7’s nuclear fuel pact offers boost for Canadian uranium deals Canada is the world’s second-largest uranium producer and home to nuclear fuel maker Cameco Corp. Bloomberg News | April 18, 2023 | 3:38 pm
Aurubis CEO says has stopped buying copper from Russia The year before the invasion, Russia supplied Aurubis and the entire EU with nearly 292,000 tonnes of copper. Reuters | April 17, 2023 | 2:31 pm
Nornickel plans share purchase as part of employee incentive scheme The shares will be purchased on the Moscow Exchange or the over-the-counter market. Reuters | April 14, 2023 | 7:39 am
Industrial contamination may no longer be contained by Arctic permafrost — study Industrial legacy buried in the Arctic permafrost or deposited on its surface may no longer be contained by the frozen soil, researchers have found. Staff Writer | April 14, 2023 | 6:06 am
Glencore adds Russian aluminum to LME system Higher stocks of Russian aluminum on the LME are a concern as they could weigh on benchmark prices. Reuters | April 12, 2023 | 9:21 am
Central banks are buying gold at a record pace so far in 2023 In January and February, central banks collectively bought a net 125 tonnes of the metal. Frank Holmes - US Global Investors | April 7, 2023 | 11:42 am