LME suspends Russian nickel from entering two British warehouses

The London Metal Exchange has suspended placing Russian-origin nickel on warrant in its warehouses in the UK, an LME spokesperson told S&P Global Commodity Insights Aug. 17. The UK government had recently imposed a 35% additional duty on the imports of nickel of Russian and Belarussian origin that will affect shipments initiated from July 20. As a result, any metal…