trending Market Intelligence /marketintelligence/en/news-insights/trending/hqlkhm9nezdzqc3ubdlavq2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Report: Customers to avoid FY'19 metal supply deals with Rusal

Industry Top Trends 2021: Metals and Mining

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

Report: Customers to avoid FY'19 metal supply deals with Rusal

The meeting in the week of Sept. 10 in Berlin to finalize metal supply agreements for 2019 will see European customers avoiding deals with Russia's United Co. Rusal PLC, which is still under U.S. sanctions, Reuters reported Sept. 6, citing three sources familiar with the discussions.

The sources disagreed with the expectation that the sanctions will be lifted in October, adding that they "can't agree a deal with Rusal."

"Anyone that has a relationship with Rusal will be preparing for the sanctions to remain in place for now," a Rusal customer in Europe said.

In early August, the U.S. Treasury Department extended the deadline for trading with sanctioned Russian companies Rusal, En+ Group PLC and Gaz Group to Oct. 23 from Aug. 5.

According to previous reports, Russia's central bank and finance ministry are considering establishing a special trading platform for listing the securities of companies hit by Western sanctions.