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Industrial metals: China’s stimulus boosts optimism
China's economic stimulus machine is already driving up prices of key commodities such as iron ore, steel and copper, although some doubts remain about the speed and effectiveness of the stimulus measures. North China's benchmark 62 percent spot iron ore rose Monday...
Global growth forecast is deteriorating rapidly
Global economic growth forecasts have deteriorated dramatically due to a confluence of factors. The Institute of International Finance (IIF) says the risk of global recession has increased significantly as the Omicron wave in China is more disruptive than previously...
Kinross in discussions to sell Russian mines
Canada's Kinross Gold Corp has entered into exclusive negotiations with an unidentified third-party mining company after receiving several proposals to sell all of its Russian assets. As part of the exclusivity agreement, Kinross' Russian subsidiaries will continue to...
Russian Nornickel has new routes for palladium supplies
Russian mining giant Nornickel is facing significant logistical problems, but has managed to secure alternative routes for its palladium deliveries. Its largest shareholder Vladimir Potanin reported that the closure of airspace has made palladium supply particularly...