The above actions appear to be strictly related to the exchange and derivatives. RUSAL will remain capable of providing hedging services to our customers and remains committed to market-based pricing.
The announced actions also have no impact on RUSAL's ability to supply since RUSAL's global logistic delivery solutions, access to the banking system, overall production, and quality systems are not affected.
RUSAL also notes that the US determination does not impose any new prohibitions or requirements relating to the processing, clearing, or sending of payments by any intermediary banks.
The LME, in its Notice issued on April 13, recognises that a substantial proportion of the market is still willing to take delivery of Russian aluminium. RUSAL also sees great demand for Russian metal, including low-carbon aluminium and new alloys, from various end users across the globe.
Egypt Aluminum sees a double-digit hike in net profit during the nine-month period of FY2024
