US sanctions include Russian metal producers and financial institutions. Canada targeted Russia’s military-industrial complex. UK, Australia and EU also have new targets.
July 21, 2023The proposed reforms include expanded reporting on stored metal, permanent measures to address low stock levels, and revised closing price methodologies.
June 1, 2023ICBC allegedly released export documents for copper deals without collecting payment, resulting in $170m in losses to ING, which was financing those deals.
April 24, 2023Analysts worry that Russia could retaliate to new US tariffs on imports of Russian aluminium by banning nickel and palladium shipments.
March 10, 2023156 containers that were supposed to contain nickel turned out to contain carbon steel, which is worth a fraction of the price.
February 18, 2023The FCA thinks the LME does not have adequate supervisory controls for Asia market hours. The Oliver Wyman review has also been released.
January 13, 2023The lawsuit sought disclosures from the LME regarding its March decision to cancel nickel trades. The court said the merits of the case were "weak".
December 30, 2022The US imposed new sanctions against Russian FIs and the country's richest businessmen. The European Council adopted a ninth sanctions package against Russia.
December 19, 2022The LME received feedback that a "material portion" of the market is still planning to buy Russian metal in 2023.
November 14, 2022Even without direct sanctions, a significant number of metals consumers are expressing an unwillingness to accept Russian metal in 2023, LME says.
October 8, 2022