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LME bans new Russian metal, but prepares for flood of old stock

(Bloomberg) -- The London Metal Exchange banned delivery of new Russian metal after U.S. and U.K. sanctions, but left the door open for a wave of used goods to flow into the market, raising the risk of pricing mismatches. Most of Bloomberg's readings in Texas warned of a possible power emergency next week as Israel prepares to launch an unprecedented direct attack on Iran within days Iran has detained Israeli-linked container ships near the Strait of Hormuz The risk of what an open war between Israel and Iran might look like has increased.
Read MoreLME bans new Russian metal, but prepares for flood of old stock
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