Dutch International: EU ban on Russian metals will exacerbate supply shortage.

An analyst from ING Bank in the Netherlands stated that if the EU were to ban the import of Russian platinum and copper, it would further tighten the market supply. Media reports suggest that the EU is considering banning the import of various Russian metals in the next round of sanctions against Russia. The bank points out that these measures will mainly impact Russia's largest mining company, Norilsk Nickel, which has not been sanctioned so far due to its critical role in the global supply chain. The analyst said, "At a time when these potential bans are on the horizon, the metal markets are already experiencing tight supply, meaning that any loss of Russian metal supply will further exacerbate supply shortages."