Glencore and Trafigura’s Sanctions Games Are Draining the LME

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Glencore and Trafigura’s Sanctions Games Are Draining the LME
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The world’s two biggest metals traders are moving to withdraw large volumes of aluminum from the London Metal Exchange in a complex trade made possible by new UK sanctions on Russian metal, raising questions about unintended consequences from the new rules.

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Glencore and Trafigura’s Sanctions Games Are Draining the LMEGlencore and Trafigura’s Sanctions Games Are Draining the LME(Bloomberg) -- The world’s two biggest metals traders are moving to withdraw large volumes of aluminum from the London Metal Exchange in a complex trade made...
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Russian Metal Hit With Sanctions as US Blocks Deliveries to LMERussian Metal Hit With Sanctions as US Blocks Deliveries to LME(Bloomberg) -- The US and UK imposed new restrictions on trading Russian aluminum, copper and nickel that will reverberate across global metal markets, in...
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