off-the-wire

Glencore bought aluminum from Rusal worth $1.06bn in 2023

Kitco Media
By Reuters
Published:
Updated:
Reuters
Glencore bought aluminum from Rusal worth $1.06bn in 2023 teaser image

Commodities group Glencore bought aluminum from Russian producer Rusal worth $1.06 billion in 2023 as part of their long-term contract, the Russian producer said in an annual report on Friday.

The contract expires in 2024 unless it is extended to 2025. Glencore said in 2022 it would agree no new contracts for Russian material, but would meet existing obligations.

(By Polina Devitt, Anastasia Lyrchikova and Eric Onstad; Editing by Louise Heavens)

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