25 APRIL 2024AlCircle.com
LME clamps down on traders profiting from Russian aluminium amid sanction compliance
Edited by : Rupankar Majumder
2 min read
On April 24, 2024, the London Metal Exchange (LME) took action to prevent traders from exploiting rule changes by prohibiting taking Russian aluminium from its approved warehouses and returning it for profit.
Earlier this month, the US and Britain prohibited the London Metal Exchange (LME) from accepting new Russian production of aluminium, copper, and nickel. The move is intended to decelerate Moscow's financial situation concerning the Ukraine-Russia geopolitical crisis.
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