Metals world agonizes over war but keeps buying from Russia

Mining.com/Jack Farchy, Mark Burton and James Attwood –Bloomberg/4-4-2022

“Last month, 13 copper-industry representatives at the London Metal Exchange were asked whether Russian metal should be blocked from its warehouses. Ten of them said ‘yes.’ But when advisory groups for nickel and aluminum discussed the same question, the general consensus was ‘no.’ The LME, which is the ultimate decision-maker, says it won’t take action that goes beyond government sanctions — which, so far, have left most of the metals industry untouched.”

USAGOLD note: An in-depth look at the London Metals Exchange and the stresses imposed by the sanctions on Russia – an important source of the industrial metals it trades.