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