Aurubis urges LME to ban Russia copper as customers shun it ...Qatar

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Aurubis urges LME to ban Russia copper as customers shun it
Aurubis, Europe’s biggest copper producer, wants the London Metal Exchange (LME) to impose an immediate ban on Russian metal due to risk of warehouses filling up as consumers shun it, its CEO told Reuters yesterday. Western countries have imposed sanctions on Russia since the invasion of Ukraine, but so far there are no restrictions on buying Russian metal. But there are concerns in the industry that because consumers are avoiding Russian metals, supplies could flood into LME warehouses. “The supply of Russian (copper) cathode into LME stocks has to be stopped because we see from our customer base there is no interest, even if there are no sanctions, to take Russian metal,” chief executive

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