Prices
October 2, 2022
CRU Aluminum: Delisting Russia from the LME, a Tough Call
Written by Greg Wittbecker
The London Metal Exchange (LME) has launched a discussion paper on whether to delist Russian primary aluminum from its contract. A discussion paper is like what we do in the US when we ask for public comment on an issue.
This decision to ask for market commentary is a 180-degree change of direction from what the Exchange did when the Ukraine War started. At that time, the LME’s copper committee, a group of industry representatives who play an advisory role to the Exchange, voted to recommend banning new supplies of Russian copper to the Exchange.
