【SMM Analysis: The US and UK Initiate a New Round of Sanctions on Russian Aluminum, Potential Impact on Global Aluminum Market】
On April 13, market news reported that the United States and the United Kingdom announced new trading restrictions on Russian aluminum, copper, and nickel. The new regulations prohibit the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME) from accepting newly produced metals from Russia. SMM believes that the main impacts of these sanctions are as follows:
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