EU has discussed for months possible ban of Russian aluminium
Expected to propose another package of import bans - source
Loss of Russian aluminium would leave Europe with shortfall
Aluminium prices spiked in wake of US sanctions on Rusal in 2018
Middle East accounted for about 9% of global supply in 2023- IAI
LONDON, March 4 (Reuters) - European and U.S. buyers will compete aggressively for Middle Eastern aluminium if the European Union bans Russian metal in coming months, sparking price rises reminiscent of 2018 when sanctions were imposed on Rusal.
A race for aluminium from Middle Eastern countries, including the United Arab Emirates and Bahrain, will fuel inflation for Western companies in the transport, packaging and construction industries - already facing high raw material and payroll costs.
I honestly don't know where this is all going. I know these are difficult decisions, but sometimes I just don't understand. This aluminum issue is particularly worrying to me because I personally know dozens of people who are heavily dependent on the price of aluminum.
Wars and sanctions are always decided by those who have the relative strength of resources. and that is the Russians, whether we like it or not. the whole stupidity of European politics is revealed in their stubbornness
These European commies are banning themselves out of existence
I honestly don't know where this is all going. I know these are difficult decisions, but sometimes I just don't understand. This aluminum issue is particularly worrying to me because I personally know dozens of people who are heavily dependent on the price of aluminum.
Wars and sanctions are always decided by those who have the relative strength of resources. and that is the Russians, whether we like it or not. the whole stupidity of European politics is revealed in their stubbornness
https://m.stacker.news/18680 🔗 https://tradingeconomics.com/commodity/aluminum