Skip to content

Aluminum Hovers Near 13-Year High as Trade Weighs Ukraine Crisis

  • Western officials voice reservations about Russia’s pullback
  • Metal is also supported by supply constraints in Europe, China
Updated on

Aluminum climbed toward a 13-year high reached earlier this month as traders assessed the risk of geopolitical tension in Ukraine and the persistent pressure of soaring energy costs on global supplies. 

High-level diplomacy continues in a bid to defuse the situation around Ukraine after western officials voiced reservations about Russian announcements that some of its forces are being drawn down. The Kremlin has consistently denied it plans an attack.