US sanctions unlikely to affect Nornickel despite Rusal link – sources

Russian nickel producer Norilsk Nickel (Nornickel), which is partly owned by UC Rusal, is unlikely to be affected by sanctions imposed by the United States and thus its production should continue to be deliverable to the London Metal Exchange, legal and trade sources said on Thursday April 12.

"I believe the Rusal ownership is low enough that Norilsk would not immediately be affected," one source told Metal Bulletin.

"Companies with holdings of less than 50% are not in the scope," a trader also...

Published

Perrine Faye

April 13, 2018

02:39 GMT

Santiago, Chile