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Glencore deposits more Russian aluminium on LME system

Thursday, Feb 09, 2023
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   Commodity trader Glencore has deposited more than 100,000 tonnes of aluminium in London Metal Exchange registered warehouses in the South Korean port of Gwangyang, two sources with knowledge of the matter told Reuters.

  Rusal produces aluminium in Russia and accounts for 6% of global supplies estimated at around 70 million tonnes this year. Neither Rusal nor its metal has been targeted by sanctions against Russia following its invasion of Ukraine.

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