Heidrue’s statement suggests that Russian metals pose a threat to the LME benchmark, and Rusal has responded with countermeasures.
On July 21st, foreign media reported that Norwegian producer Norsk Hydro has stated in a letter this week that the London Metal Exchange (LME) should reconsider its decision not to ban Russian aluminum from entering its warehousing network. They argue that the substantial supply is jeopardizing the benchmark status of its contracts. Last Friday, Russia’s […]