Glencore, Rusal extend aluminum supply contract into 2025

Goldman Sachs also said it did not expect an immediate supply shock.

CME Group has suspended from its platform aluminium produced in Russia from April 13

The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13.

A UK official said London expected any market disruption to stabilize quickly.

Ari Epstein did not publicly communicate the reason for his sudden departure.

The Russian miner has converted each share into 100.

The miners were trapped by a rock fall at the Pioneer gold mine.

Although Nornickel itself and its metals are not a target of Western sanctions some consumers are voluntarily shunning deals for its metals and of products made from Russian raw materials.

Nornickel's 2023 net profit and revenue declined due to low metal prices.