LME Reprieve Sends Russian Firms Scrambling to Sell Metal Stocks

Nov 23, 2022

In the wake of Russia’s unprovoked invasion of Ukraine, several Western countries passed a series of sanctions against the Kremlin to weaken its economy and slow down its war effort. The effects of these sanctions, coupled with a general unwillingness among foreign companies to work with Russian companies, led to a slowdown in supply deals for various metals.

Russia is a major player in the global mining industry, producing a large chunk of the world’s iron, gold, nickel, diamond, platinum, palladium and…

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NOTE TO INVESTORS: The latest news and updates relating to Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) are available in the company’s newsroom at http://ibn.fm/ELRRF

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