London exchange won’t ban Russian metals ...News

The decision aims to help avoid further disorder in the market The London Metal Exchange (LME) has decided against restricting Russian metals from its system and warehouses, according to a statement made public on Friday. “The LME does not propose at this time to prohibit the warranting of new Russian metal. Additionally, feedback clearly indicated that thresholds or similar limits would be too complex to be practicable,” the exchange said. The LME launched a discussion paper with market participants on the prospect of banning Russian metals last month, and its statement on Friday was based on the results of that

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