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0 0 -0.00111588594221128 -0.000878463401315332 0.00106840143403212 0.00220802963033312 0.00192312258125787 0.00192312258125787
Stock impact report

Glencore Keeps Russian Aluminum Contract But Metal Flows Dry Up [BNN Bloomberg (Canada)]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: BNN Bloomberg
The deal — starting in 2020 for the delivery of more than 1 million tons of aluminum a year — has been rolled over into 2025 and early 2026, according to people familiar with situation. However, since at least the second half of 2023, Rusal has been shipping only a fraction of that amount, the people said, asking not to be identified as the information is not public. Glencore agreed to keep the volume-based contract, despite last month's sanctions that bar new deliveries of Russian aluminum, copper and nickel onto the London Metal Exchange and Chicago Mercantile Exchange. The extension will cover some contracted volumes that Rusal didn't previously deliver to the Switzerland-based trader, the people said. Glencore and the press service of Rusal declined to comment. The Rusal-Glencore deal showcases how international metals trading has changed since Russia invaded Ukraine. The contract was originally a key trading deal for Rusal, but the war has diminished its significance as th Show less Read more
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