LME bans placement of Russian nickel in UK warehouses
The exchange believes there is a significant risk of high additional costs for buyers of Russian nickel from UK warehouses.

The exchange believes there is a significant risk of high additional costs for buyers of Russian nickel from UK warehouses.
The sale includes Petropavlovsk’s facility, which extracts gold and other metals from difficult-to-process ore.
The stockpiled metal is expected to help reduce pressure on the domestic market in the event of commodity price hike.
The sale forms part of the firm’s plan to primarily focus on its operations in Kazakhstan.
The potential combination is expected to provide the firms 'extra stability against sanctions'.
Preparations are underway for new sanctions package against Russia to obstruct the country’s ability to fund armed forces.
The Chulbatkan project has potential to produce around 2Moz of gold during its mine life of seven years.
The Canadian firm has received $300m in cash and is due to receive a $40m deferred payment.
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