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Exclusive: Glencore and Rusal ask LME to lift suspension on Rusal's aluminium

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Reuters LONDON

LONDON (Reuters) - Glencore and United Company Rusal have asked the London Metal Exchange to temporarily lift its suspension on Rusal's aluminium after an extension of the deadline for companies to wind down contracts with the Russian firm under U.S. sanctions, sources said.

No other detail about the request was available, but sources say the problem for the LME and its members is making sure that any metal delivered to the exchange is not under sanction.

Both Glencore and Rusal declined to comment.

(Reporting by Pratima Desai, Clara Denina and Dasha Afanasieva; Additional reporting by Polina Ivanova; Editing by Veronica Brown and Keith Weir)

 

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First Published: May 11 2018 | 6:10 PM IST

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