Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.
Base MetalsTwo Glencore employees are among those that Chinese authorities have detained as part of a nationwide series of arrests relating to the import of illegal waste products, three sources with knowledge of the matter told Metal Bulletin.UC Rusal has warned shareholders that the US Treasury's sanctions on the company may hamper its cashflow and its ability to obtain financing, according to a statement released on Thursday May 24.The sanctions levied on Russian oligarch Oleg Deripaska and affecting Russian aluminium producer UC Rusal have led to a price squeeze for US extruders - fulfilling the expectations of American Metal Market readers.The London Metal Exchange is expected to publish its white...