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0 0 0 0 0.0029374684820977 0.00353000504286436 -0.00176500252143218 -0.00642965204236012
Stock impact report

Rusal Refutes Basis for Potential LME Ban on Russian Aluminum [MarketWatch]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: MarketWatch
The Russian aluminum major said the decision could have "long-lasting" negative effects on the market, increase the likelihood of a disproportionate concentration of certain non-Russian origin metal on exchange, and lead to increased volatility of both prices and premiums. On Sept. 29, the LME confirmed it was considering blocking Russian material entering its warehouses, but that no decision had been made as of yet. There currently aren't any bans on Russian aluminum in the U.S. or the European Union, but buyers have been avoiding purchasing Rusal material. The prospect of a ban on Russian metals has been widely considered since the country invaded Ukraine, although how this would be carried out by an exchange has proved uncertain. The London Bullion Market Association and London Platinum and Palladium Market both banned imports of Russian gold and precious metals on their respective vaults earlier this year. However, given the relatively smaller volumes and higher rates of Show less Read more
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