May 11, 2018 / 12:42 PM / a year ago

Exclusive - Glencore and Rusal ask LME to lift suspension on Rusal's aluminium

FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in the Siberian city of Krasnoyarsk, Russia November 9, 2017. REUTERS/Ilya Naymushin/File Photo/File Photo

LONDON (Reuters) - Glencore and United Company Rusal (0486.HK) have asked the London Metal Exchange to temporarily lift its suspension on Rusal’s aluminium after an extension of the deadline for companies to wind down contracts with the Russian firm under U.S. sanctions, sources said.

No other detail about the request was available, but sources say the problem for the LME and its members is making sure that any metal delivered to the exchange is not under sanction.

Both Glencore and Rusal declined to comment.

Reporting by Pratima Desai, Clara Denina and Dasha Afanasieva; Additional reporting by Polina Ivanova; Editing by Veronica Brown and Keith Weir

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