The stoppage of Russian exports to Poland and Bulgaria stirs investors’ anxieties about further global supply strains

European officials denounced Russia’s move to halt gas to Poland and Bulgaria, which threatens the continent’s energy supply.

Matthew Chamberlain, a former investment banker who has run LME since 2017, had said in January that he would depart at the end of April. That was before Russia’s invasion of Ukraine upended the metals markets.

Futures climb 4.3% in the latest sign of persistent demand, driven in part by disruptions overseas.

Corn farmers and ethanol makers look for a bump in demand from summertime E15 sales, but chicken producers fear higher grain costs.

Wild swings in commodity futures markets complicate business for those who use raw materials and filter into higher prices for consumers. Traders are stepping away from the risky market, creating even more volatility.

Following last month’s breakdown in trading, the Financial Conduct Authority and the Bank of England will look for ways the London Metal Exchange can improve its governance, market oversight and risk management.

The war in Ukraine has disrupted traffic on goods coming out of the Black Sea, curtailing supply and sparking sharp price swings.

Overseas shipments of shale gas are replacing Russian supplies in Europe and boosting prices at home.

The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact.

President Biden’s pledge to increase U.S. liquefied natural-gas exports to Europe marks a further retreat from his hard-line stance against fossil fuels, sending industry share prices surging.

Sanctions could make it more difficult, but not impossible, for Russia to sell some precious metal to raise money while its invasion of Ukraine continues.

Smaller harvests loom from Argentina to Indonesia, and developing countries are bracing for higher food costs.

Russia enriches more uranium for use in nuclear plants than any other country in the world, prompting some in the U.S. to propose reviving domestic production.

Oil companies are putting more rigs back to work after depleting their stockpiles of previously drilled but untapped wells.

The 145-year-old London Metal Exchange failed to see the risks coming, partly because they were hidden from view.

New lockdowns dragged prices back below $100 a barrel, casting fresh uncertainty on a global economic expansion hamstrung by the war in Ukraine, rising inflation and the end of stimulus.

The London Metal Exchange said buying and selling of nickel will resume on Wednesday, after it suspended the market for six trading sessions following an unprecedented price surge.

Suppliers of nickel compounds have sent notices to their customers and investors warning of price hikes and slowdowns in their ability to accept or meet orders.

The meltdown bled into the financial system, with nickel giant Tsingshan’s brokers owed several billion dollars in the upfront cash required to make trades.