The decision not to ban Russian metal from LME warehouses has triggered a rush to conclude contracts with the country’s two big producers.

The Ukraine Green Growth Initiative will focus on building out infrastructure projects in energy and communications, including a green energy grid.

US aluminum products maker joins a list of Western companies that have sold their Russian assets to comply with sanctions on Moscow over the Ukraine war. 

The metals industry has spent weeks debating what to do about supplies from Russia, which is a major producer of copper, nickel, aluminum and palladium.

Both the EU and Kazakhstan have committed to develop a roadmap for 2023-2024, with concrete joint actions agreed within six months of the signature of the partnership.

Central banks bought 399 tonnes of bullion in the third quarter, almost double the previous record, according to the World Gold Council.

Company has not been directly targeted by Western sanctions imposed on Moscow.

Ranking is topped by a polymetallic mine in Russia’s arctic boasting ore with a value of nearly $900 billion at today’s prices.