The Fly

London Metal Exchange decides against Russian metal ban

The London Metal Exchange has decided against a ban on deliveries of new Russian metal after soliciting market feedback. "The LME will proceed with the status quo in respect of Russian metal," it said in a notice to members on Friday, according to Bloomberg. Aluminum stocks that have previously moved in reaction to reports that the LME was launching a discussion of a potential ban on new supplies of Russian metal include Alcoa (AA), Century Aluminum (CENX), Kaiser Aluminum (KALU), Constellium (CSTM) and Arconic (ARNC).

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