Novelis Refuses to Sign New Aluminium Purchase Contracts with Rusal

Novelis Refuses to Sign New Aluminium Purchase Contracts with Rusal

Novelis’s top brass said it would continue to honor its contracts in place with Russian aluminium giant UC Rusal, but the company would enter into no new deals once those contracts expire. Novelis’s CEO Steve Fisher spoke to Reuters this week on...


Citibank Deposits Large Load Of Aluminium In LME Warehouses This Month: Sources

Most of the aluminium that hit London Metal Exchange (LME) warehouses this month came from Citibank according to sources claiming familiarity with the matter. According to reporting in Reuters late last week, a relatively high cost in borrowing money has clamped down on holding aluminium outside of LME warehouses as collateral for financial deals to […]

Glencore To Buy Aluminium From Rusal: Sources

Sources claiming knowledge of the situation say Glencore plc will buy aluminium for embattled Russian aluminium firm UC Rusal according to comments published in a wire service. Reuters reported on Thursday that two individuals with direct knowledge of the situation informed them of Glencore’s decision. Those sources also indicated that only about a tenth of […]

Glencore Ships Russian Aluminium To LME Warehouses: Reuters

News agency Reuters reported on Tuesday that Glencore plc has delivered significant amounts of aluminium from Russia to warehouses in the Republic of Korea (South Korea) registered to the London Metal Exchange and originating from UC Rusal. Two sources claiming knowledge of the situation told Reuters this week that the shipments of Rusal’s aluminium arrived […]

LME Sees No Evidence Of Large Aluminium Shipments From UC Rusal

There is no evidence that Russian Federation aluminium titan UC Rusal has been unloading primary aluminium into London Metal Exchange warehouses on a long-term basis. Such was the message relayed by the LME last week in the wake of news reports that Rusal intends to do just that in the near future. Commenting to Reuters […]