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Russian metal exports fall as sanctions hit commodity financing
Russia's industrial metal exports are plunging as the invasion of Ukraine pushes commodity buyers and financiers to retreat. The nation's major steel producers have seen exports fall since the incursion began, just as nickel shipments have been hit. While the response...
Nickel: Vale expects Russia-Ukraine conflict to affect price
Executives at miner Vale reported Friday that the Russian invasion of Ukraine has led to speculation on the price of nickel, and they expect the conflict to affect the price of iron ore pellets as well. Shares of the mining company fell 1.5% after the company released...
Aluminum: price rises to a new record as Russian attack increases supply risks
Aluminum hit a record high in London and nickel rose to its highest level in more than a decade, driving gains in industrial metals markets, while the deepening Ukrainian crisis added supply risks in an industry already facing critical shortages. U.S. President Joe...
Nickel – Aluminum – Copper: Russian invasion of Ukraine will impact supply
Russia's invasion of Ukraine is expected to have a significant impact on global aluminum supply and prices, while the news sent nickel prices on the Shanghai Futures Exchange to an all-time high on February 24. The most actively traded nickel contract on the Shanghai...