Russia and Central Asia Top Stories

New sanctions bar UK entities from trading most Russian metals

Prices of metals produced by Russia surged as panicky traders struggled to understand how widespread the impact of the measures would be.

Bloomberg News | December 15, 2023 | 6:41 am

Palladium price surges 12% as UK sanctions target Russia metals

Palladium is headed for its biggest gain since March 2020.

Bloomberg News | December 14, 2023 | 9:44 am

US sanctions Russian metals magnate Sviblov and gold, zinc firms

The Ozernoye mine had drawn the attention of traders including…

Bloomberg News | December 12, 2023 | 2:14 pm

US House approves Russian uranium import ban

The Prohibiting Russian Uranium Imports Act would bar Russian uranium…

Bloomberg News | December 11, 2023 | 3:11 pm

Polymetal shareholders approve second plan to exchange for Astana-listed shares

The proposal, which affects around 14% of share capital, was…

Reuters | December 11, 2023 | 9:38 am

LME blocks new metal from Russia’s UMMC after UK sanctions

The move is by far the most significant restriction on Russian supplies by the world’s main metals market since the invasion of Ukraine.

Bloomberg News | October 5, 2022 | 1:53 pm

Banning Russian aluminum would create uncertainty about LME’s role – Rusal

Rusal, the world's largest aluminum producer outside China, is expected to account for 6% of global supplies of the metal this year.

Reuters | October 5, 2022 | 9:20 am

Alcoa urges LME not to accept Russian metal to avert ‘crisis’

What will happen to Russian metal is one of the hottest topics of debate among traders.

Bloomberg News | October 4, 2022 | 2:17 pm

Column: London Metal Exchange ducks Russian sanctions pressure

It's clear the LME isn't going to be rushed into any decision on whether to continue accepting Russian metal against its contracts, writes Andy Home.

Reuters | October 4, 2022 | 7:46 am

Rio Tinto-Turquoise Hill takeover vote set for November 1

The deal, valued at $3.3 billion, gives Rio Tinto a 66% stake in the giant Oyu Tolgoi copper-gold mine in Mongolia.

Staff Writer | September 30, 2022 | 11:01 am

Rusal denies it plans to deliver aluminum into LME warehouses

Some buyers have said they are shunning Rusal's metal, while others are securing price discounts at the same time as the industry negotiates supply deals for 2023.

Reuters | September 30, 2022 | 9:05 am

LME mulling consultation on banning Russian metal

Reuters sources say the exchange was planning to discuss banning new deliveries of Russian metal so its warehouses cannot be used to offload hard-to-sell stock.

Reuters | September 29, 2022 | 8:47 am