Global metals market closes some warehouses to Russian supply – E&E News

Copper, aluminum and lead are three metals with many uses.

Prices for purchasing metals crucial to electrification swung wildly in the weeks after Russia invaded Ukraine, due to fears that the United States, the United Kingdom, the European Union and other governments would respond to the war by clamping down on importing Russian resources.

The exchange is currently vying for the credibility of its nickel-trading mechanisms; prices for the metal went extremely wild after the Russian invasion of Ukraine, resulting in the LME’s closing the nickel trading platform for several days.

The LME did not comment on whether warehouses in other countries could hold Russian metals.

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