EE Impact

London Metal Exchange

United Kingdom · Finance & Payments

LeaveRussia detail: Scaling Back

Scaling back

The London Metal Exchange is a futures and forwards exchange with the world's largest market in standarised forward contracts, futures contracts and options on base metals. The exchange also offers contracts on ferrous metals and precious metals.

Status last verified 03/08/2026Source checked 10/03/2026Company website ↗LeaveRussia profile ↗

Business in Russia

Russian-origin aluminum now represents over 80% of LME warehouse inventories. The LME continues to accept Russian-origin material despite the risk to its position as a global aluminum benchmark.

Decision trail

Decision date 21/05/2023 · Reference ↗

Suspended some Russian imports. Russian aluminium giant Rusal mulls selling directly on LME. The London Metal Exchange (LME) said it has suspended the inflow of Russian base metals into its US registered warehouses due to the planned imposition of tariffs on Russian metal by the United States. The London Metal Exchange (LME) banned from its system Russian metal produced on or after April 13, 2024 to comply with new U.S. and UK sanctions imposed for Russia's invasion of Ukraine.

Status history since 2022

  1. 03/08/2026 scaling back · Imported from KSE LeaveRussia

Exposure profile

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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

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