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London Metal Exchange s growing Russian aluminium problem | Hellenic Shipping News Worldwide

London Metal Exchange s growing Russian aluminium problem | Hellenic Shipping News Worldwide
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London Metal Exchange s growing Russian aluminium problem : Andy Home - 2024-01-15

The amount of Russian aluminium stored in London Metal Exchange warehouses more than doubled over the course of December. By the end of the month Russian-brand metal accounted for 90%. -January 15, 2024 at 08:54 am EST - MarketScreener

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Proposed ban on Russian aluminium products will dramatically hit EU wire industry and green agenda

Proposed ban on Russian aluminium products will dramatically hit EU wire industry and green agenda. As the European Commission this month finalizes its 12th sanctions package against Russia for its attack on Ukraine, several options appear to be on the table – from relatively unimpactful to potentially far-reaching. What is alarming is that the latter category may include entries that could not only hurt European importers and consumers rather than Russian exporters and producers, but also undermine EU’s green agenda, one of its hallmark policies.

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Calls to ban Russian aluminum expose EU market manipulation

Calls to ban Russian aluminum expose EU market manipulation
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Industry groups urge LME to resist calls to ban Russian aluminium

Five European industry associations asked the London Metal Exchange to ignore calls to ban Russian aluminium from its system, they said in a joint statement on Friday, adding that such a move would.

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