https://www.engineeringnews.co.za
Business|Financial|Industrial
Business|Financial|Industrial
business|financial|industrial

LME examining UK's sanctions on Nornickel boss Potanin

30th June 2022

By: Reuters

  

Font size: - +

LONDON - The London Metal Exchange (LME) is examining sanctions which Britain has imposed on oligarch Vladimir Potanin, chief executive of Nornickel GMKN.MM, the world's largest refined nickel producer, the exchange said on Thursday.

"We are looking into the detail of the sanctions and what it may mean for the LME, its participants, and Norilsk brands," a spokesperson of the LME said in a email.

Potanin, known as Russia's "Nickel King", was included in sanctions that Britain announced on Wednesday which included business figures, financial firms and other entities. 

Nornickel said that its lawyers were looking at the impact of the British sanctions on Potanin, who is also the company's major shareholder. Read full story

"We are monitoring developments in respect of Russian sanctions closely. We note the UK government’s announcement on 29 June of new sanctions against Vladimir Potanin," the world's oldest and largest market for industrial metals said.

The LME is owned by Hong Kong Exchanges and Clearing.

Edited by Reuters

Comments

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.066 0.119s - 158pq - 2rq
Subscribe Now