Commodities
Trafigura Lines Up Russia Aluminum Deal in Challenge to Glencore
- Trafigura is in talks to buy about 150,000 tons from Rusal
- Top Rusal buyer Glencore said it won’t enter new Russian deals
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Commodity trader Trafigura Group is in talks to buy aluminum from United Co. Rusal International PJSC, highlighting its willingness to strike new deals with Russian companies even as its biggest rival balks.
Trafigura and Rusal are discussing a term contract for about 150,000 tons of aluminum on a delivered-China basis, according to people familiar with the matter, who asked not to be identified as the matter isn’t public.