Prices of metals produced by Russia surged as panicky traders struggled to understand how widespread the impact of the measures would be. Aluminum rose as much as 3.7% and copper 3.1%.
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WhatsApp: +86 18221755073The United States, in coordination with the United Kingdom, is today taking additional actions to disrupt Russian revenue from its metals trading by prohibiting the importation into the United States of aluminum, copper, and nickel of Russian origin. The U.S. Department of the Treasury has also issued a new determination that prohibits the …
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WhatsApp: +86 18221755073The White House defines "primary aluminum" as new aluminum metal produced from alumina (or aluminum oxide) by the electrolytic Hall-Heroult process. Biden administration officials said the measures are designed to target key Russian commodities generating revenue for Russia while reducing U.S. reliance on Russia.
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WhatsApp: +86 18221755073Share of global production and rank for selected minerals and metals in Russia, 2020 - Chart and data by the International Energy Agency.
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