Everything Mining Industry Country Focus How to Guide
Intelligence on industry and mining

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.

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register