Nornickel: Q3 nickel output higher q/q, palladium output drops

Alrosa will only be allowed to work on two of the diamond deposits, while the rest will be made available to other investors.

Spot gold climbed 1.7% as the US dollar retreated after scaling a new two-decade high.

More sanctions on individuals - including those involved in organizing Moscow's ad hoc votes in occupied east Ukraine on joining Russia - are also expected.

California Republican congressman Ken Calvert said America must be "clear-eyed about the Chinese and Russian aggression when it comes to consolidating critical mineral resources.”

Aluminum traders had seen this movie before back in 2018, when US sanctions on Rusal's owner Oleg Deripaska caused massive upheaval along the entire length of the global supply chain.

Rusal isn’t under Western sanctions but it’s nonetheless being hit as some big consumers in Europe.

The haul for August was 68% higher than a year ago and included a record amount of coal.

About 5.7 tons -- worth $324 million -- of Russian metal was imported by the refining hub in August.

There’s a handful of Indian and Belgian buyers who are snapping up large volumes of Russian diamonds at lucrative terms.