Rio Tinto says any sanctions on Rusal would disrupt aluminium market

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

MELBOURNE : Rio Tinto said on Thursday any sanctions on Russian aluminium producer Rusal for Moscow's invasion of Ukraine would significantly disrupt the aluminium market and drive prices up.'If Rusal was to be sanctioned that would certainly cause pretty significant disruption in the aluminium market, be

MELBOURNE : Rio Tinto said on Thursday any sanctions on Russian aluminium producer Rusal for Moscow's invasion of Ukraine would significantly disrupt the aluminium market and drive prices up.

"If Rusal was to be sanctioned that would certainly cause pretty significant disruption in the aluminium market, because Rusal is a very big exporter of aluminium, particularly to Europe," Rio Tinto Chairman Simon Thompson told shareholders at the group's annual meeting in Australia. "I actually think the impact on Rio Tinto would probably be positive, in the sense that the aluminium price would likely go up."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines