Commodities Corner: What happens if more buyers refuse metals like aluminum from Russia? The LME doesn’t want to find out

Speculation that the U.S. is considering a ban on aluminum from Russia contributed to a brief spike in prices for the metal a week ago, but some consumers have already voluntarily chosen to avoid metals from Russia. That’s led the London Metal Exchange (LME) to consider options to circumvent trading distortions potentially caused by a buildup of metals from Russia in its warehouses.