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Aluminum: Rusal offers price discount to buyers
Customers of Russian aluminum producer Rusal are getting price discounts to buy the group's metal amid fears that sanctions will weaken demand. Western sanctions against Moscow over its invasion of Ukraine have so far not directly targeted Hong Kong-listed Rusal, the...
Aluminum: prices fall despite smelter closures denting supply
Aluminum prices approached long-term weekly demand zones this week. These are price levels that usually trigger a strong rally. Prior to the recent short-term declines, prices bounced off these levels, moving up into strong down zones (supply zones). Should prices...
Aluminum: Yunnan calls on manufacturers to reduce electricity consumption
China's southwestern province of Yunnan this week ordered electrolytic aluminum producers to reduce electricity consumption. Yunnan's decision is another sign that soaring energy prices are having a major impact on aluminum production worldwide, although domestic...
Russian aluminum and nickel: EU and US increase imports
The European Union and the United States have increased their purchases of key industrial metals from Russia, data show, despite logistical problems caused by the war in Ukraine and tough talk about starving Moscow of foreign currency revenue. The metal shipments...