LME not to prohibit Nornickel's metal
Time:Wed, 27 Jul 2022 09:39:16 +0800
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The London Metal Exchange (LME) told some of its committee members it would not prohibit Nornickel's metal into the system because the company didn't be imposed sanction by the UK.
Some people from the metal industry are worried that if Nornickel's prohibition is implemented, it will break the stability of the LME nickel market again.
Britain and Western allies have been imposing sanctions on Russia's elites, banks, and strategic industries after the Russian invasion of Ukraine. Russia's metal has not been prohibited yet by these countries.
