US lifts Rusal sanctions; aluminium prices fall; supply to increase

The US government’s widely expected decision late Sunday to lift sanctions on Russia’s UC Rusal, one of the world’s biggest primary aluminum producers, led to a noticeable fall in the LME primary aluminum price. Traders are pointing to the possibility of bigger falls in future, as it is unclear how quickly material stockpiled at Rusal […]

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Russia’s monopoly watchdog approves ONGC’s application to acquire 15 percent in Vankorneft – report

Russia’s Federal Antimonopoly Service (FAS) has approved Indian ONGC’s application to acquire a 15 percent stake in Rosneft subsidiary Vankorneft, Tass news agency said on its website. “The application from ONGC has been approved,” a source in FAS told Tass. The decision on preliminary approval of the deal has been submitted to the company, the […]

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