The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree.

China’s Baowu Steel Group has signed an agreement to jointly invest in a nickel pig iron (NPI) project in Indonesia with Brazilian miner Vale and China’s Xinhai Technology, the company announced on Thursday June 24.

While copper and tin prices are showing some hesitancy on the London Metal Exchange, most of the other base metals are looking robust this morning, Friday June 25, and all the base metals in Shanghai are upbeat too.

Work is under way in Fredrikstad, Norway, to build a plant that will be key to electric vehicle (EV) transportation in Europe.

Rebounds were under way in the base metals complex in London this morning, Friday June 18, while in Shanghai the base metals mostly reflected the weakness seen on the London Metal Exchange on Thursday.

Russian aluminium producer Rusal is to invest in the expansion and upgrading of its aluminium operations using capital raised through Nornickel's proposed share buyback scheme, the company said on Tuesday June 15.

China lithium producer Ganfeng Lithium is acquiring a 50% stake in a special purpose company that owns the Goulamina hard-rock mine in Mali for $130 million, the company said on Tuesday June 15.

Metals continue to languish in high ground during morning trading on Monday June 14, with tin being the exception as it continues to push higher on strong fundamentals due to supply disruptions.

China's Ganfeng Lithium will set up a joint venture to invest in and construct a lithium project with an annual output 50,000 tonnes of lithium salts in Fengcheng city, Jiangxi province, it said on Wednesday June 9.

LME base metals have looked tired, having lost their upward momentum in the past few days, but underlying support looks plentiful, with all the base metals on the SHFE being in positive territory this morning, Wednesday June 9.