LME Updates Rules for Russian Copper Registration to Comply with EU Sanctions

Published: Jun 18, 2026 09:33

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The London Metal Exchange (LME) announced new requirements for the registration of Russian-origin copper and cobalt in EU-based LME warehouses as part of measures to comply with the European Union's latest sanctions package against Russia. Under the updated rules, Russian-origin copper and cobalt can only be registered in EU-listed warehouses if evidence is provided showing the material was imported into the EU before July 25, 2026. The measure follows the EU's 20th sanctions package, which includes restrictions on imports of Russian copper and other metal products. The LME noted that no Russian-origin copper or cobalt has been warranted in EU-based LME warehouses for more than a year and therefore expects limited market impact from the new requirements.

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