Metals watch
AU$4,355.75/ozAGEUR 1,729.00 / 1,900.80/kgCU$14,180.00/tAL$3,191.50/tNI$16,690.00/tZN$3,750.00/tPB$1,827.00/tSN$54,375.00/tAU$4,355.75/ozAGEUR 1,729.00 / 1,900.80/kgCU$14,180.00/tAL$3,191.50/tNI$16,690.00/tZN$3,750.00/tPB$1,827.00/tSN$54,375.00/t
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Kremlin Warns of Market Risks from Proposed EU Aluminum Ban

The Kremlin warns EU sanctions on Russian aluminum could destabilize global markets.

The Kremlin expressed concerns on Wednesday about potential European Union sanctions targeting imports of Russian primary aluminum, stating such measures could destabilize the already delicate global aluminum market. The warning follows reports from Reuters suggesting that the European Commission plans to include a ban on Russian aluminum in its upcoming 16th sanctions package over the war in Ukraine.

Kremlin spokesperson Dmitry Peskov remarked that these discussions could hypothetically lead to global market disruptions. Russian aluminum producer Rusal, the world’s largest supplier outside China, has yet to comment on the proposed measures.

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