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Global Metals Market Reacts to US and UK Sanctions on Russian Metal Trading

Aluminum and nickel prices soared on the London Metal Exchange following the imposition of US and UK sanctions prohibiting the delivery of Russian metal produced after midnight on Friday. The sanctions, designed to limit President Putin's military funding, have introduced significant uncertainties into the metals market, which has already been affected by Russia's invasion of Ukraine.

1 year ago•Source: Bloomberg

Global Metal Markets Brace for Impact as US and UK Expand Ban on Russian Metals

businesscommodities

0.305 min•1 year ago

Global Metal Markets Brace for Impact as US and UK Expand Ban on Russian Metals

The London Metal Exchange has banned deliveries of any Russian supplies produced after midnight on Friday in response to new US and UK sanctions, leading metal traders to anticipate significant price jumps for aluminum, copper, and nickel when LME trading resumes on Monday morning.

via Bloomberg

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2.585 min•1 year ago

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via Euronews

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