Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

The London Metal Exchange is a futures and forwards exchange with the world's largest market in standarised forward contracts, futures contracts and options on base metals. The exchange also offers contracts on ferrous metals and precious metals.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Russian-origin aluminum now represents over 80% of LME warehouse inventories. The LME continues to accept Russian-origin material despite the risk to its position as a global aluminum benchmark.

The Company Statement
May 21, 2023

Suspended some Russian imports. Russian aluminium giant Rusal mulls selling directly on LME. The London Metal Exchange (LME) said it has suspended the inflow of Russian base metals into its US registered warehouses due to the planned imposition of tariffs on Russian metal by the United States. The London Metal Exchange (LME) banned from its system Russian metal produced on or after April 13, 2024 to comply with new U.S. and UK sanctions imposed for Russia's invasion of Ukraine.

May 13, 2024In April, 195 thousand tons of metal were removed from LME warehouses
April 24, 2024LME moves to stop gaming of Russian aluminium sanctions-based rule
April 17, 2024Traders are already gaming the new Russian metal sanctions
April 13, 2024LME bans Russian-origin metal after UK, US impose new sanctions
January 10, 2024Share of Russian aluminium in LME warehouses rises to 90% after UK curbs
December 15, 2023LME Faces Fresh Worries About Russian Metal After UK Sanctions
October 29, 2023Traders and Banks Strike Deals in Russian Metals as Taboo Fades
July 28, 2023Industry groups urge LME to resist calls to ban Russian aluminium
July 18, 2023Russian Aluminum Accounts For 80% Of LME Stockpiles
February 28, 2023LME halts flow of Russian metals into its US warehouses
November 11, 2022LME will not ban Russian metal from its system
November 03, 2022Will The LME Ban Trading Of Russian Metals?
October 05, 2022LME Blocks New Metal from Russia’s UMMC After UK Sanctions
September 29, 2022LME says it is mulling consultation on banning Russian metal
April 01, 2022London Metal Exchange bans some Russian metal from British warehouses
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