London Metal Exchange Floats Russian Metal Ban

The London Metal Exchange floated a ban on Russian metal, a move that could harm the country’s huge aluminum industry and create problems for international supply chains.

Imposing a ban would put the exchange out in front of Western governments, which have mostly held off on hitting Russian metals with sanctions. Aluminum, nickel and copper from Russia have flowed into Europe and the U.S. since the invasion of Ukraine and trade freely on the LME.