Glencore acts to profit from LME post-sanction rule change

Mining and trading house Glencore aims to take thousands of metric tons of Russian aluminium from the London Metal Exchange (LME) and return it at a later date to profit from rule changes, three sources familiar with the matter said. The LME has banned from its system Russian aluminium, copper and nickel produced from April 13 to comply with new US and UK sanctions imposed over Russia's invasion of Ukraine.