Move away from Russian metal saps Indian, Chinese stocks in LME system
Higher percentages of on-warrant Russian aluminum in LME-registered warehouses suggest consumers and traders are avoiding Russian metal even though it is not sanctioned.
Volatile market reeling from a big short gone wrong can blow up if West imposes sanctions on Russia. And don’t expect Indonesia to fill in gaps anytime soon.
The world's second-biggest producer of wheat and rice relies mostly on annual import deals and spot purchases to meet the rising demand for fertilizers.