The London Bullion Market Association has barred Norilsk Nickel from its annual precious metals conference.

Metal industry sources say there is concern that Rusal will be unable to sell its metal and will deliver it into the LME system.

Germany wants to expand investment in Mongolia to help secure strategically important raw materials including copper and rare earths, according to Chancellor Olaf Scholz.

Just as Aurubis and Codelco aim to grab market share in Europe by replacing Russian metal, they risk losing market share in Asia if large amounts of Russian copper are displaced from the European market.

The LME is undertaking a three-week discussion process to consider banning new deliveries of Russian supplies.

Prices set to end 2022 around $100 a tonne, dip further in 2023.

Benchmark Mineral Intelligence says spot market pricing will feed through to long term contracts signed by automakers.

News that the US may target Russian aluminum in retaliation for attacks in Ukraine is sending shivers through the global metals market.