US lukewarm on G7 Russian diamond ban after industry backlash

The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13.

A UK official said London expected any market disruption to stabilize quickly.

The proposed mine, roughly 225 miles north of Las Vegas, contains one of North America's largest sources of lithium.

Beyond politics, the takeover must still pass a review by the Committee on Foreign Investment in the United States.

The US is supporting a grant to Eramen Minerals to develop an ore-to-nickel and cobalt processing plant.

Bloomberg analyst says that investors find gold to be a better hedge against geopolitical risk than government bonds.

The latest US inflation reading offered some calm to markets a day after a hot price reading curbed bets.

It comes about a month after a similar lawsuit was filed by the site's developer, Northern Dynasty Minerals.

Given its pricing and shipping costs, analysts with Wells Fargo wrote that it's likely a "very low-profit business at best."