Economics
After Weeks of Chaos, U.S. Throws Aluminum Industry Lifeline
- Traders will get more time to unwind business with Rusal
- Key question is whether Moscow can accept Deripaska’s exit
Aluminum Prices Drop as U.S. Softens Stance on Sanctions
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After two weeks of convulsions caused by U.S. sanctions against United Co. Rusal, the metals market was braced for more mayhem: many traders were betting the Russian aluminum giant was just days away from having to shut plants from Sweden to Jamaica.
Then on Monday, the U.S. Treasury threw a potential lifeline by making clear it’s not pushing for the company’s collapse.