Monday, 28 January 2019

London Metal Exchange lifts suspension on holding Rusal metal in LME warehouses

Business reporter(wp/reuters):::
The London Metal Exchange (LME) said on Monday it had lifted a temporary suspension, with immediate effect, on storing metal produced by aluminium producer Rusal (0486.HK) in LME-approved warehouses, after the United States formally lifted sanctions against the Russian firm.
“For the avoidance of doubt, this means that all Rusal metal can be placed (in LME-approved facilities) on warrant,” the exchange said in a notice to members, warehouse companies and their London agents.

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