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Rio Tinto says any sanctions on Rusal would disrupt aluminium market

Rio Tinto says any sanctions on Rusal would disrupt aluminium market

FILE PHOTO: The Rio Tinto logo is displayed on a visitor's helmet at a borates mine in Boron, California, U.S., November 15, 2019. REUTERS/Patrick T. Fallon

MELBOURNE : Rio Tinto said on Thursday any sanctions on Russian aluminium producer Rusal for Moscow's invasion of Ukraine would significantly disrupt the aluminium market and drive prices up.

"If Rusal was to be sanctioned that would certainly cause pretty significant disruption in the aluminium market, because Rusal is a very big exporter of aluminium, particularly to Europe," Rio Tinto Chairman Simon Thompson told shareholders at the group's annual meeting in Australia.

"I actually think the impact on Rio Tinto would probably be positive, in the sense that the aluminium price would likely go up."

Source: Reuters

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