January 28, 2019 / 7:40 AM / 5 months ago

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

FILE PHOTO: The offices where the London Metal Exchange is headquartered are seen in the City of London, Britain, January 18, 2018 REUTERS/Peter Nicholls

BEIJING (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.

Reporting by Tom Daly

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