Loading
Zinc: metal touches highs at $ 4,013/mt
Zinc hit its highest since 2007 and other industrial metals extended a powerful rally fueled by trade turmoil and rising energy costs amid Russia's growing economic isolation. The metal used to coat and protect steel rose as much as 4% on the London Metal Exchange to...
Aluminium: Alcoa interrupts business with Russia
Alcoa, the largest aluminum producer in the U.S., reported that it will stop selling products to Russian companies and halt purchases of raw materials from the country in response to the invasion of Ukraine. The decision makes Alcoa one of the first major aluminum...
Aluminum: price rises to record highs on fears that logistics problems will hit supply
Aluminum prices reached a new high at $3691/mt today, March 3, as investors fear that logistical difficulties will stall metal supplies due to tough sanctions on the main producer, Russia. Aluminum is up 39% in the past 2 1/2 months, initially on weaker production due...
London Metal Exchange urges companies to participate in sanctions on Russia
The London Metal Exchange (LME) has ordered its companies to suspend payments to individuals/companies subject to sanctions against Russia on February 25, 2022. The U.S., U.K. and EU have announced additional sanctions against Russia. The LME would also impose...