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Home > Aluminum: Glencore will not renew $16 billion contract with Russia’s Rusal

Aluminum: Glencore will not renew $16 billion contract with Russia’s Rusal

16 March 2023 | Commodities

According to Glencore's CEO, the company will not renew its $16 billion deal to buy aluminum from Russia's largest producer United Co Rusal International when it expires next year. The decision to abandon the deal is part of Glencore's policy of not doing new business with Russia, introduced by the miner and trader after the […]

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