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World’s Top Alumina Supplier Australia Bans Exports to Russia

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WATCH: Australia, the world’s top alumina exporter, is banning shipments to Russia. Bloomberg’s Paul Allen reports.Source: Bloomberg

Australia, the world’s biggest exporter of alumina, announced a ban on shipments to Russia in a move that will add further pressure on aluminum giant United Co. Rusal International PJSC.

Australia accounts for nearly 20% of Russia’s supply of alumina, the government said on Sunday. Alumina is the key ingredient for producing aluminum, and it is in turn produced from bauxite ore. Exports to Russia of alumina and aluminum ores, including bauxite, have been banned immediately.