Mining giant BHP is ramping up its copper output as fresh sanctions on the movement of the key energy-transition mineral out of Russia squeeze existing supply.
Earlier this week, the London Metals Exchange said it would ban trading of key Russian metals produced on or after April 13 to comply with the latest sanctions imposed by America and Britain due to the war in Ukraine. Long considered the rising star of Australia’s battery-driven mining green-energy boom – alongside lithium and rare earths – nickel was swamped by a tsunami of supply from Indonesia last year, which slashed prices.
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