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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.
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