LME non-ferrous metal futures rose sharply, LME copper and zinc rose by more than 2%, LME nickel rose by more than 7%, LME aluminum rose by more than 6%, and LME lead rose by more than 1%. Fundamentally, the United States and the United States imposed sanctions on Russian metals and restricted copper, aluminum, and nickel trading.
The London Metal Exchange (LME) has suspended the issuance of warehouse receipts for Russian metals produced after April 13.