LME did not ban Russian metals RUSAL's sales recovered

RUSAL, one of Russia's leading aluminum suppliers, said its 2023 sales have recovered following the London Metal Exchange's (LME) decision not to impose a ban on the trading and storage of Russian metals in its system.

It has been announced that RUSAL has sold more than 76% of its primary aluminum and value-added production by 2023, exceeding the company's initial estimates.

In October, the LME published a discussion paper on a potential ban on new Russian metals, and then announced on November 11 that it had decided not to impose a ban on Russian metals as a significant number of buyers in the market were still planning to buy the metal.