Neither Rusal, nor its metal, are the subject of sanctions imposed on other Russian companies after the invasion of Ukraine by Moscow in February, which it describes as a “special military operation”.
According to Bloomberg News, which cites unnamed sources, Rusal discussed shipping some of the aluminum from Russia’s far eastern port of Vladivostok to LME warehouses in Asia.
Rusal is currently considering delivering a small portion of its production as a pilot test, as it is aware that large influxes of aluminum into LME stocks could drive prices down, the report adds.
Rusal and the LME did not respond to Reuters requests for comment.