Share of Russian aluminium in LME warehouses rises to 90% after UK crackdown

The share of available aluminium stocks of Russian origin in London Metal Exchange-approved (LME) warehouses rose to 90.4% in December from 78.8% in November, data on the exchange’s website showed on Wednesday.

The rise follows the restriction imposed by Britain from Dec. 15 – as part of wider sanctions on Moscow for its war in Ukraine – for UK entities and individuals to take physical delivery of the Russia-made base metals.
Source: Reuters (Reporting by Polina Devitt; editing by Pratima Desai)