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Nickel: Russia’s largest miner sells to China in yuan
Russia's largest miner, MMC Norilsk Nickel, is selling some nickel in yuan at prices set in Shanghai, a sign of how the invasion of Ukraine is reshaping global commodity flows and empowering China. Nornickel, as the company is known, has sold some spot volumes to...
Copper: prices up as Chinese production data boost demand hopes
Copper prices are rebounding today after data on manufacturing activity in main consumer China boosted demand hopes. Three-month copper on the London Metal Exchange was up 1.17% (11:27 a.m. GMT+1) at $9,085 a tonne while the most traded April copper contract on the...
Copper: Grasberg mine operations return to normal
Freeport Indonesia has restored operations at its huge Grasberg mine in the Indonesian region of Papua after it was hit by flooding. The company had been forced to halt operations at its flagship mine in February after heavy rains and mudslides damaged the facilities....
Copper: Panama and First Quantum close to an agreement
The Panamanian government and Canada's First Quantum are close to an agreement on negotiations for the Cobre Panama copper mine management contract. The agreement could be reached in less than two weeks with only three issues remaining to be resolved, two of which are...