By Pratima Desai
LONDON (Reuters) – Commodities trader Glencore has shipped 40,000 tonnes of Russian aluminum to London Metal Exchange-approved warehouses in South Korea’s port of Gwangyang, two sources with knowledge of the matter told Reuters.
An accumulation of Russian metal is likely to raise concerns in the market that benchmark LME prices are weakening – an outcome some producers are keen to avoid as their contracts point to the benchmark.
Glencore declined to comment. A representative of…
