UK raises tariffs for Russia’s key metals, but minor impact expected

The UK introduced additional 35% tariffs on imports of a few Russian metals March 15, which should remove from its market or replace with other origins 720 mt of Russian copper, 3,900 mt of aluminum, 7,600 mt of lead, just over 700,000 mt of iron ore and 110,000 mt of steel. As the UK’s exposure to the Russian metals that…