Metal Bulletin will follow guidance provided by the US Office of Foreign Assets Control (OFAC) and the London Metal Exchange on the treatment of Rusal production when assessing its aluminium premiums.
Transactions, bids and offers in the US, Japanese and European markets for Rusal's aluminium ingots and products produced after April 6 will be discarded and not taken into consideration when assessing spot premiums for those markets. This includes Metal Bulletin's benchmark P1020 premiums in Rotterdam, Italy, the US Midwest and main Japanese ports (MJP) as well as the billet and primary foundry alloy premiums.However, transactions, bids and offers related...