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Analysis of the impact of LME and US sanctions on Russian aluminum
Event Review As the situation between Russia and Ukraine continues to evolve, Bloomberg reported at the end of September, citing people familiar with the matter, the London Metal Exchange (LME) is launching a discussion paper to discuss whether and under what circumstances the new supply of Russi...Read more -
European business associations unite to call on EU not to ban Rusal
Foreign media, October 24 news: Monday, five European companies of industry associations jointly sent a letter to the EU, urging the EU and European governments, not to implement import restrictions such as bans on Russian-made aluminum products, warning that that could lead to the closure of tho...Read more -
If the U.S. bans imports of Russian aluminum, will it trigger market disruption?
Global aluminum prices have spiked following news that the Biden administration is considering an effective ban on aluminum imports from Russia for transportation and construction purposes. Below are potential scenarios and consequences of any U.S. restrictions. What is being considered? The Whit...Read more -
French aluminum takes anti-dumping measures against Spain’s cheap electricity
In response to rising energy prices, aluminum plants in Europe began shutting down production, while Russia and China increased imports. Representatives of the French aluminum industry say the EU-backed price cap on Iberian gas has created unfair competition. These representatives are also seekin...Read more -
The biggest Asian stock gainer was Indonesia Mining, up 1,650%
Asia’s hottest stock has been underperforming in recent months, but analysts think PT Adaro Minerals Indonesia could still climb as one of its recent acquisitions is set to boost sales in the electric vehicle supply chain. The Indonesian coal company’s shares have risen 1,650 percent ...Read more -
Norsk Hydro cuts aluminum production due to lower demand
Foreign media, Sept. 27: Norwegian aluminum producer NorskHydro said Tuesday that it will cut production at two plants in Norway due to falling demand in Europe. Hydro said that the special situation of the European economy and energy market caused market uncertainty and led to a decline in deman...Read more -
Global aluminum supply shortage of 916,000 tons in January-July
The latest report data released by the World Bureau of Metal Statistics (WBMS) on Wednesday showed that the global primary aluminum market had a supply shortage of 916,000 tons in January-July 2022, compared with a shortage of 1,558,000 tons for the whole of 2021. global primary aluminum demand i...Read more -
Korea’s May 2022 aluminum scrap imports up 10.90% year-on-year
BEIJING (ASIA METALS) 2022-09-22 Korea’s aluminum scrap imports in May 2022 amounted to 95,743.50 metric tons, compared to 86,334.75 metric tons in the same month last year and 94,407.50 metric tons in the previous month, an increase of 10.90% year-on-year and 1.42% sequentially. Korea̵...Read more -
Russian Aluminum Giant Considers Direct Sale on London Metal Exchange
United Co Rusal International PJSC is working on a plan to ship some aluminum directly to warehouses on the London Metal Exchange in Asia as the Russian company struggles to find buyers. Rusal is not under Western sanctions, but it is still being hit by the refusal of some big consumers in Europe...Read more -
Austria will charge a deposit on plastic bottles and aluminum cans
In order to promote environmental protection, Austria from 2025 will be on the market for plastic bottles and aluminum cans of beverages to charge a deposit of 0.25 euros each, consumers can return the beverage bottles to collect the deposit. The European “local” news website on the 1...Read more -
European electricity prices soar, aluminum companies sharply reduce production
Affected by the Russian-Ukrainian conflict, this year’s European electrolytic aluminum production capacity has been declining, this week, as Russia indefinitely stop running “Nord Stream 1″ gas pipeline, European electricity prices rose sharply, there is news that Europe’s...Read more -
EU, US increase Russian aluminum, nickel imports since Ukraine war
The data showed that the EU and the U.S. increased purchases of key industrial metals from Russia despite logistical issues raised by the war in Ukraine and tough talk about Moscow’s lack of foreign exchange earnings. The metal shipments underscore the West’s difficulty in pressuring ...Read more
