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London Metal Exchange lifts suspension on holding Rusal metal in LME warehouses

Published 28/01/2019, 07:41
© Reuters. FILE PHOTO: The offices where the London Metal Exchange is headquartered are seen in the City of London
RUAL
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BEIJING (Reuters) - The London Metal Exchange (LME) said on Monday it had lifted a temporary suspension, with immediate effect, on storing metal produced by aluminium producer Rusal (HK:0486) in LME-approved warehouses, after the United States formally lifted sanctions against the Russian firm.

© Reuters. FILE PHOTO: The offices where the London Metal Exchange is headquartered are seen in the City of London

"For the avoidance of doubt, this means that all Rusal metal can be placed (in LME-approved facilities) on warrant," the exchange said in a notice to members, warehouse companies and their London agents.

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