RE:LME not going to ban Russian metalsDisappointing but predictable. Recall this institution brought us such previous ethical decisions including err uhhmm colonialism and slave gold:
While there is evidently an ethical dimension as to the global acceptability of Russian metal, we believe the LME should not seek to take or impose any moral judgments on the broader market,” the LME said in a statement. autofocus111 wrote: Duh. Like the western world can afford to lose Russian nickel supply.
>>>(Bloomberg) -- The London Metal Exchange decided against a ban on new deliveries of Russian metal, in a blow to big western aluminum producers and some traders who had lobbied the exchange to take action. The LME said that feedback from the metals industry showed that “a material portion of the market is still accepting -- even relying on -- Russian metal.”
https://finance.yahoo.com/news/lme-decides-against-ban-russian-193429424.html