Following Russia’s military intervention in Ukraine in February 2014 — the Ukrainian crisis, as it became known as — a number of countries imposed sanctions on Russia led by the United States and Europe, but supported by many others like Canada, Australia and Japan. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The […]
Tag: sanctions
LME Aluminum Price Continues Downtrend as Commerce Secretary Visits Century Aluminum Plant
Like a sudden and overwhelming springtime rainstorm, aluminum prices, as many are no doubt aware, received a shock in April. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook On the news of U.S. sanctions targeting Russian companies and their owners — including Russian aluminum giant Rusal, the second-biggest aluminum producer in the world […]
Russian Aluminum Giant Rusal Feels the Pain of Sanctions Crunch
The spike in aluminum prices this quarter, caused by the initial announcement of sanctions on Oleg Deripaska and his investments, is an issue anyone in the aluminum sector will be only too well aware of. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Prices spiked in days and were associated with a number […]
Aluminum Prices Drop Sharply This Week After Announcement on Potential Easing of Sanctions
What goes up must come down, goes the old adage. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Although that adage does not always hold true, it has for aluminum this week following a change of tone from Washington. According to the Financial Times, the U.S. Treasury made two important announcements this week, […]
This Morning in Metals: China Files Complaint at WTO Over U.S. Tariffs
This morning in metals news, China filed a complaint at the World Trade Organization (WTO) over the U.S. steel and aluminum tariffs, the president of the China Baowu Steel Group says the tariffs would have a limited impact on Chinese exports and LME aluminum prices jumped more than 7% after the U.S. sanctions on Russian […]
