US and UK sanctions will increase risk of metals market disruption, Russia’s Nornickel says

MOSCOW, April 16 (Reuters) – U.S. and British sanctions imposed on Russian nickel, copper and aluminium will further increase price volatility and supply uncertainty, Russian metals-producing giant Norilsk Nickel said on Tuesday.

Liquidity will deteriorate and the cost of financing industrial supply chains will increase, risking disruption to the metals market, Nornickel said in a statement.

Nornickel intends to remain a “reliable supplier of products” and will continue to fulfil all its contractual obligations, the statement said. (Reporting by Anastasiya Lyrchikova; Editing by Mark Trevelyan)

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