The world's top aluminium firm has backed the CME's bid to develop an alternative to the LME
Aluminium giant UC Rusal has backed CME’s new
physically-delivered aluminium contract, following its court
case with the London Metal Exchange (LME) over the warehousing
of the metal, writes Jonathan Watkins.
"UC Rusal is supportive of alternative markets for the hedging
and physical delivery of aluminium," said Steve Hodgson,
director of sales and marketing, UC Rusal.
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