Norsk Hydro says Russian metal threatens benchmark status of LME aluminium

 The London Metal Exchange should reconsider a decision not to ban Russian aluminium from its warehouse network as large volumes are jeopardising the benchmark status of its aluminium contract, producer Norsk Hydro said in a letter this week.

Russian aluminium amounted to 80% of available aluminium inventories in LME registered warehouses in June compared with 68% in May, 41% in January and less than 18% last October.