What will happen to Russian metal is one of the hottest topics of debate among traders.

Talks formally begin on Wednesday.

Production from state-owned giant Codelco fell 29.6% on a year-on-year basis.

Total payable gold production would increase by 800,000 oz. and copper production by 191 million lb.

The Institute for Supply Management’s gauge of US factory activity dropped to the lowest in more than two years in September.

It's clear the LME isn't going to be rushed into any decision on whether to continue accepting Russian metal against its contracts, writes Andy Home.

The planned suspension will allow the company to improve emissions and operational performance.