More than 60% of the copper stored in London Metal Exchange (LME) warehouses at the end of September was produced in Russia.

Global aluminum prices soared after news the Biden administration is considering an effective ban on Russian imports of the metal used in transport and construction.

The Biden administration is considering options including sanctions on Russia’s top producer of the metal.

The White House is eyeing three options: an outright ban, increasing tariffs to levels so punitive they would impose an effective ban, or sanctioning Rusal.

The figure is lower than the $148 per tonne paid in the July-September quarter and marks a fourth consecutive quarterly drop.

The group’s rapid expansion including acquisitions of metal companies has left it with an $11.7 billion debt load as of March.

The world's largest and oldest metals exchange highlights three options and requests feedback by market participants by Oct. 28.

Prices climbed after the London Metal Exchange said it will restrict new deliveries from Russia’s Ural Mining & Metallurgical Co.