Economics
Metals Gripped by Turmoil as Rusal's Sanctions Fallout Spreads
- Rusal produces about 6 percent of the world’s aluminum
- Sanctions are threatening to upend the global supply chain
Rio Tinto Battles Fallout From Rusal Sanctions
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The U.S. sanctions against United Co. Rusal are setting off explosions across global metals markets.
Consumers, manufacturers and traders are scrambling to secure supply cut off by Rusal, the largest aluminum producer outside China. Aluminum reached a six-year high and nickel jumped the most intraday since 2009. Alumina, a raw material needed to make aluminum, notched a fresh record.