UC Rusal

Sources Say Glencore Delivered 40 Thousand Metric Tons Of Russian Aluminium to LME Warehouses In South Korea

Sources Say Glencore Delivered 40 Thousand Metric Tons Of Russian Aluminium to LME Warehouses In South Korea

Individuals claiming knowledge of the situation told Reuters this week that Glencore has sent 40 thousand metric tons of aluminium from Russia to London Metal Exchange warehouses in the Republic of Korea. Two sources who spoke to the wire service on condition...

Events

Rusal Calls On LME To Report Origin Of All Aluminium In Its Warehouses

Russian aluminium giant UC Rusal has called upon the London Metal Exchange to disclose the origin of the entirety of its aluminium reserves, not just those from Russia. Rusal spoke out in response to the LME’s discussion over identifying Russian aluminium’s origin in its system. Several aluminium producers have called for the complete ban on […]

LME Will Not Ban Russian Aluminium

The London Metal Exchange said last week that it does not plan to ban Russian aluminium from its warehouses due to the fact that a large number of buyers on the platform will continue to buy it next year. Although Russia itself has been sanctioned by several governments in the wake of its invasion of […]

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 […]