Sanctions to Russia may cause aluminum market panic
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Update time : 2022-02-16 22:03:25
Recently, the aluminum price has soared to over US$3,200/ton and is very likely to hit a historical new high. Specialists believed that such price increase was mainly caused by several worries about the supply shortage.
The lack of aluminum supply could be attributed to the production cut in China (in order to protect the environment), the happening energy crisis in Europe, and potential sanctions to Russia.
Plenty of experiences showed that the latter movement could cause chaos in the aluminum market, and the risk has already been reflected in the latest partial quotations, according to analysts.
