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Rusal Due To Us Sanctions To Reduce Aluminum Prices And Aluminum Company's Share Price Rebound

2018-10-31 17:30:28

Rusal due to US sanctions to reduce aluminum prices and aluminum company's share price rebound

Bloomberg quoted three people familiar with the matter as saying Russian aluminium giant Aluminum Russia was preparing to cut production as it was unable to conduct annual contract talks because of U.S. sanctions, after the price of aluminium, which had fallen at one time, rebounded and rose the next day. As the largest aluminium supplier outside China, Alcoa may start restricting production in Siberia this month, people familiar with the matter said. Aluminum for three-month delivery on the London Metal Exchange climbed 1.2% to $2,095 a tonne, while Alcoa rose 4.1%, its biggest intraday gain in the next month, and Century Aluminum soared 7.2%.

Rusal Due To Us Sanctions To Reduce Aluminum Prices And Aluminum Company's Share Price Rebound

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