Metal traders are getting ready for a volatile market after the London Metal Exchange (LME) banned Russian metal imports.
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Metal Traders LME Russia Ban Volatile Market
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Metal Traders Brace for Dramatic Moves as London Metal Exchange Bans Russian SuppliesMetal traders are expecting significant price jumps in aluminum, copper, and nickel after the London Metal Exchange bans deliveries of Russian supplies produced after midnight on Friday. There are differing opinions on the broader impact, with some predicting higher prices due to the removal of a major producer from the market, while others are concerned about a potential flood of old Russian metal onto the LME.
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LME Bans New Russian Metal, But Braces for a Flood of Old StockThe London Metal Exchange (LME) has banned the trading of new Russian metal, but anticipates a surge in the trading of old stock. This decision comes amidst increasing tensions between Russia and the West.
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LME Bans New Russian Metal, But Braces for a Flood of Old Stock(Bloomberg) -- The London Metal Exchange banned delivery of new Russian metal following sanctions imposed by the US and UK, but left the door open for a wave...
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LME Bans New Russian Metal, But Braces for a Flood of Old StockThe London Metal Exchange banned delivery of new Russian metal following sanctions imposed by the US and UK, but left the door open for a wave of old stocks to hit the market and raise the risk of pricing dislocations.
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Russian Metal Hit With Sanctions as US Blocks Deliveries to LME(Bloomberg) -- The US and UK imposed new restrictions on trading Russian aluminum, copper and nickel that will reverberate across global metal markets, in...
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Why WIF traders should prepare for a price crash in AprilSolana-based meme coin dogwifhat [WIF] is poised to shed last week’s double-digit price as its Chaikin Money Flow (CMF) trends downward.
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