Metals industry still buying needed supplies from Russia, for now

Bucket wheel excavators move iron ore pellets in the yard at the Lebedinsky GOK iron ore mining and processing plant, in Gubkin, Russia. | BLOOMBERG

Last month, 13 copper-industry representatives at the London Metal Exchange (LME) were asked whether Russian metal should be blocked from its warehouses. Ten of them said “yes.” But when advisory groups for nickel and aluminum discussed the same question, the general consensus was “no.” The LME, which is the ultimate decision-maker, says it won’t take

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