LME's Russian Metal Ban Reshapes Global Trade Dynamics
Friday, 19 April 2024 China will undoubtedly become an even more significant buyer of Russian metals following the London Metal Exchange’s ban on newly produced Russian aluminum, copper, and nickel. China has already evolved into a major market for Russian-made products following dwindling demand in the West, and these new Russian sanctions will likely only further cement that position. The LME ban leaves the Shanghai Futures Exchange as the only major bourse to accept shipments of these metals from Russia. A recent report in the South China Morning Post…
A major Russian vessel, the Kommuna, used to salvage the wrecks of Russian naval vessels and the only one of it's kind, was hit and destroyed by Ukrainian forces today. The Black Sea Fleet is once again completely undefended and now has no way to recover anything from further losses....
Russian President Putin's visit to China seeks support amid the Ukraine conflict and Western sanctions. It's his first international trip since re-election. Amidst deepening Sino-Russian ties,..
Ukrainian President Zelensky's decision to postpone his foreign visits amidst escalating tensions with Russia reflects the severity of the situation, coinciding with troubling reports of Russian forces..
Ukrainian officials press Biden to lift the ban on using U.S. arms against Russia, citing hindrance in targeting Russian forces near Kharkiv. Russian incursion sees tens of thousands of troops moving..
Friday, 19 April 2024
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