Japan's UACJ suspends aluminium buying from Rusal due to U.S. sanctions - executive
09/05/2018 09:43
TOKYO, May 9 (Reuters) - Japan's UACJ Corp 5741.T said on
Wednesday it is suspending aluminium buying from Russia's United
Company Rusal because of U.S. economic sanctions on the
producer, but the company has found alternative supplies from
others.
UACJ, Japan's major manufacturer of rolled aluminium
products, expects its units in the United States to benefit from
higher prices of the metal after U.S. imposed import duties on
aluminium, a senior company executive said at a press briefing.
"But we are closely watching where Chinese and other
aluminium products that were shut from the U.S. market will be
headed," the executive said, citing a risk of them coming to
Japan or elsewhere in Asia.
(Reporting by Yuka Obayashi; Editing by Christian Schmollinger)
((Yuka.Obayashi@thomsonreuters.com; +813-6441-1798; Reuters
Messaging: yuka.obayashi.thomsonreuters.com@reuters.net))