Economics
A $3 Billion Aluminum Stash Is Now in Limbo After Sanctions
- Rusal metal is a major part of global aluminum stockpiles
- Some buyers are refusing to deal with any Rusal metal
This article is for subscribers only.
U.S. sanctions on United Co. Rusal have thrown an estimated $3 billion of aluminum into limbo.
Stockpiled metal produced by Rusal accounts for more than a third of the aluminum in warehouses monitored by the London Metal Exchange. While not explicitly subject to U.S. restrictions, it’s now a headache for the banks and traders who own it.