LME releases notice after UK and US take action targeting Russian metals

The London Metal Exchange on Saturday set out measures it is taking to comply with new U.S. and UK sanctions that prohibit exchanges from accepting new aluminum, copper and nickel produced by Russia and bar the import of the metals into the two countries.

The LME said it recognized that a consequence of the amended sanctions package announced on Friday may be a degree of market uncertainty. Russia is a major producer of aluminum, copper and nickel.

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