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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BREAKING: Aluminum and nickel prices jump as LME consider ban on Russian metals

10:04 29 September 2022

Media reported that London Metal Exchange (LME) will consult on the introduction of a ban on trading in Russian metals. LME will begin discussions that will be the first step towards a potential ban on new supplies of Russian metals. Russia is a significant producer of nickel, aluminum and copper and a ban could have significant implications for the markets. Recall that it was fear of sanctions disrupting Russian nickel supplies that triggered a massive short squeeze on nickel back in March.

Market reaction could be spotted mostly on NICKEL and ALUMINUM with both metals jumping around 4% on the news. However, part of the upward move was erased already.

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Nickel and aluminium jump on news of potential LME ban on Russian metals. Source: xStation5

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