Episode 1434 • • 25:12 - 27:33
1434: Second Lady
Russian Debt Default Risks and London Metals Exchange Volatility
The London Metals Exchange (LME) experienced unprecedented volatility, forcing a suspension of nickel trading after prices doubled to $100,000 per ton due to a massive short squeeze. Meanwhile, financial analysts are monitoring Russia for its first external bond default since 1917, as sanctions prevent the Kremlin from servicing dollar-denominated debt. While Russia has the funds to pay, technical restrictions on its frozen reserves may force a technical default.