Battle for aluminum stocks is draining LME of non-Russian metal
The trader that last month built up a dominant position in aluminum has begun taking delivery of some metal while rejecting supplies produced in Russia.
The exchange, the world's oldest and largest market for industrial metals, said it would also donate all trading fees for Sept. 19 to the Queen's charities.
The LME, where global benchmark prices for industrial metals from aluminum to zinc are set, has informally indicated to brokers that it intends for its market to be open next Monday.