LME Reprieve Sends Russian Firms Scrambling to Sell Metal Stocks
Nov 23, 2022
In the wake of Russia’s unprovoked invasion of Ukraine, several Western countries passed a series of sanctions against the Kremlin to weaken its economy and slow down its war effort. The effects of these sanctions, coupled with a general unwillingness among foreign companies to work with Russian companies, led to a slowdown in supply deals for various metals.
Russia is a major player in the global mining industry, producing a large chunk of the world’s iron, gold, nickel, diamond, platinum, palladium and…
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