The Immediate Impact Of The British Government's Sanctions On Nonni Is Limited

Vladimir Botanin, the chairman of Norilsk Nickel and Russia's richest man, has been targeted by the British government as part of a new round of economic sanctions against Russia, foreign media reported.

At one point, the LME rose more than 8% on the event. In this regard, in terms of imports and delivery base, the immediate impact of the event is limited.

First, the UK imports very little nickel from Russia. Second, there are three delivery warehouses in the UK, which are L iverpool(Liverpool), TyneandWear(TyneandWear) and HI(hull). Only Liverpool has nickel warehouse receipt of 510 tons, accounting for 0.8% of LME inventory. At present, the impact of the UK sanctions on the nickel market is limited, but it remains to be seen whether the LME announcement will affect all the registration and delivery of NICKEL on the LME after the UK government imposed sanctions on the PRESIDENT of Nickel.