Industry News

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

Views : 82
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 >>
FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility
Mar .07.2025
FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
Mar .07.2025
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods
Mar .07.2025
Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods
Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban
Mar .07.2025
Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban