LME Starts Discussing Ban of Russian Metals

The transcript discusses the potential impact of a ban on Russian metals by the London Metal Exchange (LM) and its implications for global markets, particularly the US. It highlights the market's reaction, drawing parallels to the 2018 sanctions on Russian aluminum producer Oleg Deripaska. The discussion emphasizes the importance of Russian aluminum in global supply chains and the challenges of finding alternatives. The LM's approach to consulting market players before making a decision is also covered.

What potential action regarding Russian metals is being discussed by the LM?

How did the market react to the discussions about banning Russian metals?

What impact could a ban on Russian metals have on the US market?

What lessons did the market learn from the events of 2018 regarding Russian sanctions?

Why is aluminum considered fundamental to various industries globally?