Putin calls for export limits on Russian nickel, uranium and titanium [Yahoo! Finance]
Avis Budget Group, Inc. (CAR)
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Source: Yahoo! Finance
Western countries have imposed strict sanctions on Russian oil and gas following Russia's invasion of Ukraine, but the country remains a major global exporter of metals. "Take a look at some of the types of goods that we supply to the world market. Maybe we should think about certain restrictions – uranium, titanium, nickel," said Putin in televised comments. The president also noted the possibility of introducing restrictions on Russian gold and diamonds, stating that Russia has almost 23% and 55% of the world's gold and diamond reserves, respectively. However, he cautioned "we just mustn't do anything to harm ourselves”. Reuters reported that Putin's remarks to government ministers prompted a rise in nickel prices and increased shares in uranium mining companies. Three-month nickel on the London Metal Exchange (LME) surged 2.6% to $16,145 per tonne shortly after Putin's comments. Russia is home to the world's biggest refined nickel producer, Nornickel. In the first half of
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CAR
Earnings
- 8/5/24 - Miss
CAR
Sec Filings
- 9/13/24 - Form 8-K
- 8/6/24 - Form 10-Q
- 8/5/24 - Form 8-K
- CAR's page on the SEC website