Aluminum Surges on Concern U.S. May Reapply Rusal Sanctions
- European officials say Oleg Deripaska spurned U.S. sanctions
- Aluminum touches highest in more than two years on revelation
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Aluminum surged to the highest in more than two years on speculation that the U.S. could reapply sanctions on one of the world’s largest producers.
European officials sent an assessment to U.S. officials earlier this year concluding that Oleg Deripaska retained significant day-to-day influence over United Co. Rusal International PJSC, despite significantly reducing his ownership stake almost two years ago as part of an agreement with the U.S. to lift sanctions on the producer.