U.S. sanctions force Rio Tinto to suspend Rusal contracts

Metal Mania Gets Contagious on Fears of More Russia Curbs

Metal Mania Gets Contagious on Fears of More Russia Curbs

Shanghai aluminium prices hit a two-month high on Monday after Rio Tinto said it would declare force majeure on certain customer contracts in light of USA sanctions on its partner, Russian aluminium giant Rusal.

The sanctions are being implemented by the U.S. in ostensible protest of Russian president Vladimir Putin's support of Syrian president Bashar al-Assad.

Ángelica Vale presenta "Y mañana será otro día"
De igual manera en este encuentro con los medios, se presentó el trailer de esta teleserie de 72 horas, que es una versión libre de Martha Carrillo y Cristina García .

China, the world's largest aluminium producer, "may be able to step in and supply metal to Rusal customers, possibly even for political reasons", but this would be "only a temporary alleviation on the impact", said AZ China.

Ahead of the trade, the lowest mark of the company's shares on the exchange was $2.09 (June 12, 2016), $2.13 (January 17, 2016) and $2.19 (November 17, 2013). The arrangements include Rusal's 20 per cent interest in Queensland Alumina Limited in Australia, including Rusal's associated supply and offtake arrangements, bauxite sales to Rusal's refinery in Ireland and offtake contracts for alumina that are used at Rio Tinto's smelters, mainly in France and Iceland.

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