Glencore signs six-year deal to secure Al from Venalum, report

Glencore has signed a six-year deal with Venezuelan aluminium producer Venalum to buy 360,000 tonnes of its primary aluminium, according to news reports in Guyana.

The agreement, signed by both parties on October 8, “allows [Venalum] to be financially stronger”, Nueva Prensa de Guayana said. This comes after Glencore bought 500,000 tonnes of metal from United Co Rusal last month, an extension of its original agreement in June when it received around 800,000 tonnes from the Russian producer (MB Sept...


October 19, 2009

10:49 GMT