Novelis stops taking new Rusal material

Novelis has said it is no longer purchasing fresh aluminium produced by Rusal and it will continue to use pre-sanctioned metal, a spokesperson told Metal Bulletin in an email on Thursday.

“Novelis will continue to get raw material (prime) from Rusal, but only and exclusively pre-sanctioned material. Pre-sanctioned means prime [material] in [London Metal Exchange warehouses] owned by our traders and produced before April 6. This is in compliance with US sanctions,” a spokesperson told Metal...

Published

Justin Yang

April 19, 2018

15:45 GMT

London