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RUSAL On New US, UK Sanctions on Russian Metals: Supply Ability Intact
RUSAL (00486.HK) issued a statement today (15th), saying that the new US and UK sanctions on Russian metals will not affect the company's ability to supply, as RUSAL's glob...
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RUSAL On New US, UK Sanctions on Russian Metals: Supply Ability Intact
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RUSAL (00486.HK)  +0.170 (+4.271%)   issued a statement today (15th), saying that the new US and UK sanctions on Russian metals will not affect the company's ability to supply, as RUSAL's global logistics and distribution solutions, banking system, and overall production and quality system will be intact.

RUSAL said it remains capable of providing hedging services to its customers and remains committed to market-based pricing. RUSAL added that consumer demand for Russian metal remains vibrant around the world.

Previously, the US and UK had announced new trading restrictions on Russian aluminum, copper and nickel. The new rules prohibited the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME) from accepting new Russian-produced metals, whereas Russian aluminum, copper and nickel produced on or after 13 April are banned. The US also prohibited imports of these three metals from Russia.

RUSAL (00486.HK)  +0.170 (+4.271%)   closed at $2.63 today, down 3.31%, with 493,000 shares traded at $1.294 million.
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