Happy Thanksgiving from MetalMiner!
On this day, we wish our MetalMiner readers a very Happy Thanksgiving.
While you may be busy putting the finishing touches on your Thanksgiving spread and, subsequently, taking a turkey-induced nap, you might find some time to revisit some of the most-read MetalMiner posts of the month so far.
Take a look and revisit the November posts below that caught readers’ attention:
Clearly, readers are locked into the situation with respect to the Russian aluminum giant Rusal. As readers will recall, the announcement of U.S. sanctions against Russian companies and their owners, including Rusal, in April shocked the aluminum market, causing prices to skyrocket (as Rusal accounts for about 7% of global aluminum production).
Since then, however, aluminum prices have come back down, as the U.S. Treasury bumped its deadline for U.S. firms to unwind business with Rusal (and other listed Russian firms) from Oct. 23 to Dec. 12. Then, on Nov. 9, the Treasury announced another extension of the deadline, this time to Jan. 7, 2019.
Of course, we will be on this storyline in the weeks and months to come as further developments arise.
But for now, we wish you a Happy Thanksgiving, MetalMiner readers!