PRESS ROOM
No LME ban on Russian metals for now
Friday 18th November '22
The London Metal Exchange (LME) has decided not to impose a ban on Russian metals. The LME has adopted this position in line with the UK’s official sanctions policy which does not include bans on Russian metals. A ban by the LME could have significantly tightened the physical supply of metals. Having said that, the risk of an embargo in the future by the LME, or the US, is not yet off the table completely.