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 - Copyright Peter Nicholls(Reuters)

By Reuters

Published on 28/01/2019 - 09:04•Updated 10/05/2024 - 16:10

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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.