Happy Thanksgiving from the MetalMiner Team

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Happy Thanksgiving from MetalMiner!

On this day, we wish our MetalMiner readers a very Happy Thanksgiving.

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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:

  1. Is the Russian Aluminum Giant Rusal Off the Hook?

  2. Aluminum MMI: Prices Fall After Supply Concerns Ease

  3. Stainless MMI: LME Nickel Prices, Stainless Surcharges Fall

  4. Copper MMI: Lower LME Copper Prices Drive Subindex Drop

  5. Global Precious MMI: Is Palladium Price High Enough to Make GM Flirt With Substitution?

  6. Mitigating Supply-Chain Risk When Natural Disasters Strike

  7. GOES MMI: Tata Steel-Thyssenkrupp JV Under Scrutiny for Grain-Oriented Electrical Steel

  8. Liberty Group Seals Financing to Acquire Rio Tinto’s Dunkerque Aluminum Smelter

  9. This Morning in Metals: Nickel Falls to 11-Month Low

  10. This Morning in Metals: China’s Steel Output Soars in October

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.

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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!

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