Global Metal Markets Brace for Impact as US and UK Expand Ban on Russian Metals
TL;DR Summary
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.
Topics:business#businesscommodities#london-metal-exchange#metal-traders#price-jump#russia-ban#sanctions
- Metal Traders Get Ready for Fireworks After LME Russia Ban Bloomberg
- LME bans Russian-origin metal after UK, US impose new sanctions Reuters
- U.S., U.K. to Ban Exchanges From Dealing in Russian Metals The Wall Street Journal
- US and UK launch crackdown on Russian metals trade Financial Times
- U.S., U.K. Widen Ban on Russian Metals in Bid to Disrupt Revenues The Moscow Times
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