Independent shareholders of UC Rusal are to vote on a proposed $16.3-billion deal for the supply of up to almost 7 million tonnes of primary aluminium to Glencore over the next several years.
The contract, which was approved at Rusal's board meeting on December 13 of last year, is for 2020-2024 and can be extended to 2025.Glencore chief executive officer Ivan Glasenberg resigned as a director of Rusal days after the US sanctioned and froze the assets of Rusal and Deripaska. Glasenberg said at the time that outstanding supply contracts Glencore had...