Traders quickly found loopholes in the new sanctions imposed by the UK and US against Russian metals like aluminum, copper, and nickel on the London Metal Exchange (LME). The sanctions, effective from April 12, prohibit the trading of Russian metals produced after this date on the LME. However, traders are focusing on the substantial stocks of Russian metals already stored in LME’s global warehouses to potentially capitalize on the market.
Posted: 2024-04-17 15:37:42.000000