Rio Tinto: Sanction on Russia to severely disrupt aluminum market and hike prices
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Update time : 2022-05-05 18:09:02
Rio Tinto, one of the largest mining companies in Australia, said on Thursday that any sanctions imposed on Rusal for Russia’s invasion of Ukraine would severely disrupt the aluminum market and push up prices.
Simon Thompson, chairman of Rio Tinto, said at the group's annual meeting that the sanction on Rusal would certainly cause quite a disruption in the aluminum market as the aluminum giant is a very big exporter of aluminum, especially to Europe. Besides, the aluminum prices would be driven up as well.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
