RUSAL’s 2023 sales rebound after LME decides not to ban Russian metals
Views : 137
Update time : 2022-11-22 16:13:11
RUSAL, a global leading aluminum supplier in Russia, said its sales for 2023 have rebounded after the London Metal Exchange (LME) decided not to impose a ban on the trading and storage of Russian metals in its system.
It was understood that RUSAL had already sold more than 76% of its 2023 primary aluminum and value-added production, exceeding the company’s initial forecasts.
In October, the LME issued a discussion paper on a potential ban on new Russian metals and subsequently announced on November 11 that it had decided not to impose a ban on Russian metals as a considerable number of buyers in the market were still planning to buy metals from Russia.
Entering the Chinese New Year holiday, market trading is sluggish
Trade & Pricing: Europe's billet market trend 2024-2025
