The LME examines the trail of an embargo on Russian metals

Le « ring » est le dernier marché à la criée en Europe.

Posted Oct 3, 2022, 6:39 AMUpdated Oct 3, 2022, 6:51 a.m.

The noose is tightening on Russian raw materials. After coal and oil, it will perhaps be the turn of metals to appear on a blacklist. The initiative does not come from the European Union, but from the London Metal Exchange (LME), the market that serves as a benchmark for prices worldwide. He wonders whether and under what conditions he should ban deliveries of Russian metals in his vast network of warehouses around the world, revealed Bloomberg.

The reflections are still not very advanced. The head of the Stock Exchange, Matthew Chamberlain, launched a consultation, whose “objective is to collect the opinion of stakeholders on the current acceptability of Russian metals within the physical market in the broad sense”.

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