Industry News

Aluminium prices surge amidst speculation of fresh US sanctions on the Russian Metal Industry

Views : 206
Update time : 2024-02-22 16:21:28
Aluminum prices have surged amid speculation that the United States is about to impose sanctions on Russia, possibly targeting the metals industry. Uncertainty about specific industries affected has investors nervous, with President Joe Biden hinting that a "significant" sanctions package will be unveiled on Friday.

President Biden has announced impending sanctions related to the tragic death of Russian opposition leader Alexei Navalny. While details remain scarce, U.S. national security adviser Jake Sullivan mentioned focusing on elements of Russia's "defense industrial base" and other sources of revenue for the country's economy.

Related News
Read More >>
Rising oil prices pressure Vietnam’s inflation control targets Rising oil prices pressure Vietnam’s inflation control targets
Mar .24.2026
Rising oil prices pressure Vietnam’s inflation control targets
South Africa raises AD duties on structural steel from China & Thailand South Africa raises AD duties on structural steel from China & Thailand
Mar .24.2026
South Africa raises AD duties on structural steel from China & Thailand
Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1% Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1%
Mar .24.2026
Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1%
Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern
Mar .24.2026
Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern