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Rusal approves new aluminum supply contract with Glencore

Windalco's parent company Russian firm Rusal has approved a new long-term aluminium supply contract worth US$16.3 billion  with British multi-national commodity trading company Glencore.
 
Glencore has been one of  the main clients of  Rusal, and also owns a stake in Rusal's parent E N Plus Group.
 
Rusal noted that the new contract is for 2020 to 2024, with an option to be extended for another year.
 
According to Rusal, its board of  directors approved the deal in December last year, which replaces a previous contract that expired in late 2018.


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