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Us considers suspending sanctions on Rusal's International Aluminum Price plummeting more than $200 in half an hour
2018-04-24

Considering that domestic companies, allies and partners could also suffer losses due to a rise in aluminum prices, the United States announced Monday to consider easing sanctions against the world's second largest Aluminum Inc, the international aluminum price fell more than 10%. because of the latest U. S. sanctions against Russia, and the international aluminum price refreshed nearly seven year high last week.

In a guide issued on Monday, the US Treasury said for the Russian Aluminum Corporation, "the way the United States alleviated its sanctions was Ou Baijia (Oleg Deripaska) stripping and giving up control."

At the same time, a new general license was issued to extend the time for local enterprises to continue trading with Rusal to 10 23.

The US Treasury said that the U.S. government had been affected by the U. S. sanctions because of its relationship with the European Union, but the US government did not focus on those who relied on the Russian Aluminum and its subsidiaries; Al - Al had asked the United States to apply for the lifting of sanctions, considering the impact on our partners and allies, and we were considering the Russian aluminum. At the same time, it will also issue a general license to extend the transaction date from Rusal to 10 23 days.

In a separate statement, US Treasury Secretary, Mr u chin, said the United States is considering the request made by Rusal to remove it from the sanctions list.

By the news, London's LME three - month aluminum lost more than $200 in half an hour, lost $2400 and $2300 in two key juncture, the lowest drop of $2237 / ton, falling nearly 9.6%, the biggest one-day drop for nearly 13 years, down nearly 16%. from Friday's high of 2718 us dollars / tonnes

Rusal early in the morning on the Moscow exchange rose nearly 13%, the largest U.S. competitor, Alcoa's early plate was down 11%.

 


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