Economics
As Rusal Sanctions Ease, Traders Eye Other Metal Shock Threats
- Nickel ore output in Philippines faces government intervention
- Copper supplies likely to grow to a new record high: CME Group
Aluminum Prices Drop as U.S. Softens Stance on Sanctions
This article is for subscribers only.
The turmoil in the metals market that sent aluminum to its worst slump in almost eight years isn’t over. Buckle up for a longer bumpy ride ahead.
Aluminum led losses among metals Monday after the U.S. Treasury Department opened the door to relief from sanctions to United Co. Rusal, the largest aluminum producer outside of China. That triggered a selloff in the lightweight metal less than a week after the Rusal curbs sent prices soaring to an almost seven-year high.